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Statement of Consolidated Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues and Non-Operating Income        
Sales and other operating revenues $ 1,177 $ 1,671 $ 3,374 $ 5,162
Other, net 19 18 84 12
Total revenues and non-operating income 1,196 1,689 3,458 5,174
Costs and Expenses        
Cost of products sold (excluding items shown separately below) 222 356 688 990
Operating costs and expenses 421 508 1,312 1,517
Production and severance taxes 27 29 74 110
Exploration expenses, including dry holes and lease impairment 78 144 409 503
General and administrative expenses 106 119 310 417
Interest expense 84 84 254 255
Loss on debt extinguishment 80 0 80 0
Depreciation, depletion and amortization 811 988 2,476 2,972
Impairment 0 0 0 385
Total costs and expenses 1,829 2,228 5,603 7,149
Income (Loss) from Continuing Operations Before Income Taxes (633) (539) (2,145) (1,975)
Provision (benefit) for income taxes (316) (300) (967) (807)
Income (Loss) from Continuing Operations (317) (239) (1,178) (1,168)
Income (Loss) from Discontinued Operations, Net of Income Taxes 0 (13) 0 (40)
Net Income (Loss) (317) (252) (1,178) (1,208)
Less: Net income (loss) attributable to noncontrolling interests 22 27 62 27
Net Income (Loss) Attributable to Hess Corporation (339) (279) (1,240) (1,235)
Less: Preferred stock dividends 12 0 30 0
Net Income (Loss) Applicable to Hess Corporation Common Stockholders $ (351) $ (279) $ (1,270) $ (1,235)
Basic:        
Continuing operations $ (1.12) $ (0.94) $ (4.11) $ (4.21)
Discontinued operations 0 (0.04) 0 (0.14)
Net Income (Loss) Per Common Share (1.12) (0.98) (4.11) (4.35)
Diluted:        
Continuing operations (1.12) (0.94) (4.11) (4.21)
Discontinued operations 0 (0.04) 0 (0.14)
Net Income (Loss) Per Common Share $ (1.12) $ (0.98) $ (4.11) $ (4.35)
Weighted Average Number of Common Shares Outstanding (Diluted) 313.2 283.5 308.7 283.8
Common Stock Dividends Per Share $ 0.25 $ 0.25 $ 0.75 $ 0.75