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Statement of Consolidated Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and Non-Operating Income        
Sales and other operating revenues $ 1,224 $ 1,953 $ 2,197 $ 3,491
Other, net 45 (18) 65 (6)
Total revenues and non-operating income 1,269 1,935 2,262 3,485
Costs and Expenses        
Cost of products sold (excluding items shown separately below) 277 356 466 634
Operating costs and expenses 455 503 891 1,009
Production and severance taxes 28 45 47 81
Exploration expenses, including dry holes and lease impairment 199 90 331 359
General and administrative expenses 106 151 204 298
Interest expense 85 86 170 171
Depreciation, depletion and amortization 797 1,028 1,665 1,984
Impairment 0 385 0 385
Total costs and expenses 1,947 2,644 3,774 4,921
Income (Loss) from Continuing Operations Before Income Taxes (678) (709) (1,512) (1,436)
Provision (benefit) for income taxes (305) (156) (651) (507)
Income (Loss) from Continuing Operations (373) (553) (861) (929)
Income (Loss) from Discontinued Operations, Net of Income Taxes 0 (14) 0 (27)
Net Income (Loss) (373) (567) (861) (956)
Less: Net income (loss) attributable to noncontrolling interests 19 0 40 0
Net Income (Loss) Attributable to Hess Corporation (392) (567) (901) (956)
Less: Preferred stock dividends 12 0 18 0
Net Income (Loss) Applicable to Hess Corporation Common Stockholders $ (404) $ (567) $ (919) $ (956)
Basic:        
Continuing operations $ (1.29) $ (1.94) $ (3.00) $ (3.27)
Discontinued operations 0 (0.05) 0 (0.10)
Net Income (Loss) Per Common Share (1.29) (1.99) (3.00) (3.37)
Diluted:        
Continuing operations (1.29) (1.94) (3.00) (3.27)
Discontinued operations 0 (0.05) 0 (0.10)
Net Income (Loss) Per Common Share $ (1.29) $ (1.99) $ (3.00) $ (3.37)
Weighted Average Number of Common Shares Outstanding (Diluted) 313.2 284.3 306.5 283.9
Common Stock Dividends Per Share $ 0.25 $ 0.25 $ 0.50 $ 0.50