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Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Financial Data and Identifiable Assets by Operating Segment

The following table presents operating segment financial data for continuing operations (in millions):

 

For the Three Months Ended June 30, 2016

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

1,224

 

 

$

 

 

$

 

 

$

 

 

$

1,224

 

Intersegment Revenues

 

 

 

 

 

119

 

 

 

 

 

 

(119

)

 

 

 

Operating Revenues

 

$

1,224

 

 

$

119

 

 

$

 

 

$

(119

)

 

$

1,224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) from Continuing Operations Attributable to Hess Corporation

 

$

(328

)

 

$

11

 

 

$

(75

)

 

$

 

 

$

(392

)

Depreciation, Depletion and Amortization

 

 

770

 

 

 

25

 

 

 

2

 

 

 

 

 

 

797

 

Provision (Benefit) for Income Taxes

 

 

(273

)

 

 

7

 

 

 

(39

)

 

 

 

 

 

(305

)

Capital Expenditures

 

 

434

 

 

 

67

 

 

 

 

 

 

 

 

 

501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended June 30, 2015

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

1,953

 

 

$

 

 

$

 

 

$

 

 

$

1,953

 

Intersegment Revenues

 

 

 

 

 

145

 

 

 

 

 

 

(145

)

 

 

 

Operating Revenues

 

$

1,953

 

 

$

145

 

 

$

 

 

$

(145

)

 

$

1,953

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) from Continuing Operations Attributable to Hess Corporation

 

$

(502

)

 

$

32

 

 

$

(83

)

 

$

 

 

$

(553

)

Depreciation, Depletion and Amortization

 

 

1,004

 

 

 

22

 

 

 

2

 

 

 

 

 

 

1,028

 

Provision (Benefit) for Income Taxes

 

 

(120

)

 

 

19

 

 

 

(55

)

 

 

 

 

 

(156

)

Capital Expenditures

 

 

948

 

 

 

65

 

 

 

 

 

 

 

 

 

1,013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30, 2016

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

2,197

 

 

$

 

 

$

 

 

$

 

 

$

2,197

 

Intersegment Revenues

 

 

 

 

 

238

 

 

 

 

 

 

(238

)

 

 

 

Operating Revenues

 

$

2,197

 

 

$

238

 

 

$

 

 

$

(238

)

 

$

2,197

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) from Continuing Operations Attributable to Hess Corporation

 

$

(779

)

 

$

25

 

 

$

(147

)

 

$

 

 

$

(901

)

Depreciation, Depletion and Amortization

 

 

1,612

 

 

 

48

 

 

 

5

 

 

 

 

 

 

1,665

 

Provision (Benefit) for Income Taxes

 

 

(587

)

 

 

15

 

 

 

(79

)

 

 

 

 

 

(651

)

Capital Expenditures

 

 

939

 

 

 

102

 

 

 

 

 

 

 

 

 

1,041

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30, 2015

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

3,491

 

 

$

 

 

$

 

 

$

 

 

$

3,491

 

Intersegment Revenues

 

 

 

 

 

275

 

 

 

 

 

 

(275

)

 

 

 

Operating Revenues

 

$

3,491

 

 

$

275

 

 

$

 

 

$

(275

)

 

$

3,491

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) from Continuing Operations Attributable to Hess Corporation

 

$

(816

)

 

$

59

 

 

$

(172

)

 

$

 

 

$

(929

)

Depreciation, Depletion and Amortization

 

 

1,936

 

 

 

43

 

 

 

5

 

 

 

 

 

 

1,984

 

Provision (Benefit) for Income Taxes

 

 

(431

)

 

 

35

 

 

 

(111

)

 

 

 

 

 

(507

)

Capital Expenditures

 

 

2,145

 

 

 

105

 

 

 

 

 

 

 

 

 

2,250

 

 

Identifiable assets by operating segment were as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(In millions)

 

Exploration and Production

 

$

28,769

 

 

$

28,863

 

Bakken Midstream

 

 

2,835

 

 

 

2,754

 

Corporate, Interest and Other

 

 

2,630

 

 

 

2,540

 

Total

 

$

34,234

 

 

$

34,157