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Segment Information (Tables)
9 Months Ended
Sep. 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 September 30, 2016

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

1,177

 

 

$

 

 

$

 

 

$

 

 

$

1,177

 

Intersegment Revenues

 

 

 

 

 

120

 

 

 

 

 

 

(120

)

 

 

 

Operating Revenues

 

$

1,177

 

 

$

120

 

 

$

 

 

$

(120

)

 

$

1,177

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(234

)

 

$

13

 

 

$

(118

)

 

$

 

 

$

(339

)

Depreciation, Depletion and Amortization

 

 

784

 

 

 

25

 

 

 

2

 

 

 

 

 

 

811

 

Provision (Benefit) for Income Taxes

 

 

(252

)

 

 

9

 

 

 

(73

)

 

 

 

 

 

(316

)

Capital Expenditures

 

 

383

 

 

 

88

 

 

 

 

 

 

 

 

 

471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30, 2015

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

1,671

 

 

$

 

 

$

 

 

$

 

 

$

1,671

 

Intersegment Revenues

 

 

 

 

 

148

 

 

 

 

 

 

(148

)

 

 

 

Operating Revenues

 

$

1,671

 

 

$

148

 

 

$

 

 

$

(148

)

 

$

1,671

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(188

)

 

$

16

 

 

$

(94

)

 

$

 

 

$

(266

)

Depreciation, Depletion and Amortization

 

 

963

 

 

 

22

 

 

 

3

 

 

 

 

 

 

988

 

Provision (Benefit) for Income Taxes

 

 

(256

)

 

 

10

 

 

 

(54

)

 

 

 

 

 

(300

)

Capital Expenditures

 

 

770

 

 

 

88

 

 

 

 

 

 

 

 

 

858

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30, 2016

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

3,374

 

 

$

 

 

$

 

 

$

 

 

$

3,374

 

Intersegment Revenues

 

 

 

 

 

358

 

 

 

 

 

 

(358

)

 

 

 

Operating Revenues

 

$

3,374

 

 

$

358

 

 

$

 

 

$

(358

)

 

$

3,374

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(1,013

)

 

$

38

 

 

$

(265

)

 

$

 

 

$

(1,240

)

Depreciation, Depletion and Amortization

 

 

2,396

 

 

 

73

 

 

 

7

 

 

 

 

 

 

2,476

 

Provision (Benefit) for Income Taxes

 

 

(839

)

 

 

24

 

 

 

(152

)

 

 

 

 

 

(967

)

Capital Expenditures

 

 

1,322

 

 

 

190

 

 

 

 

 

 

 

 

 

1,512

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30, 2015

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

5,162

 

 

$

 

 

$

 

 

$

 

 

$

5,162

 

Intersegment Revenues

 

 

 

 

 

423

 

 

 

 

 

 

(423

)

 

 

 

Operating Revenues

 

$

5,162

 

 

$

423

 

 

$

 

 

$

(423

)

 

$

5,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(1,004

)

 

$

75

 

 

$

(266

)

 

$

 

 

$

(1,195

)

Depreciation, Depletion and Amortization

 

 

2,899

 

 

 

65

 

 

 

8

 

 

 

 

 

 

2,972

 

Provision (Benefit) for Income Taxes

 

 

(687

)

 

 

45

 

 

 

(165

)

 

 

 

 

 

(807

)

Capital Expenditures

 

 

2,915

 

 

 

193

 

 

 

 

 

 

 

 

 

3,108

 

Identifiable assets by operating segment were as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(In millions)

 

Exploration and Production

 

$

28,622

 

 

$

28,863

 

Bakken Midstream

 

 

2,903

 

 

 

2,754

 

Corporate, Interest and Other

 

 

2,934

 

 

 

2,540

 

Total

 

$

34,459

 

 

$

34,157