Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Financial Data and Identifiable Assets by Operating Segment

	Exploration and Production			Midstream			Corporate, Interest and Other			Eliminations			Total
	(In Millions)
For the Three Months Ended September 30, 2017
Sales and Other Operating Revenues - Third parties	$	1,369		$	1		$	—		$	—		$	1,370
Intersegment Revenues		—			153			—			(153	)		—
Sales and Other Operating Revenues	$	1,369		$	154		$	—		$	(153	)	$	1,370
Net Income (Loss) attributable to Hess Corporation (a)	$	(474	)	$	(12	)	$	(138	)	$	—		$	(624	)
Depreciation, Depletion and Amortization		709			29			21			—			759
Impairment		2,503			—			—			—			2,503
Provision (Benefit) for Income Taxes (b)		(1,969	)		(3	)		(2	)		—			(1,974	)
Capital Expenditures		526			27			—			—			553
For the Three Months Ended September 30, 2016
Sales and Other Operating Revenues - Third parties	$	1,175		$	2		$	—		$	—		$	1,177
Intersegment Revenues		—			134			—			(134	)		—
Sales and Other Operating Revenues	$	1,175		$	136		$	—		$	(134	)	$	1,177
Net Income (Loss) attributable to Hess Corporation	$	(234	)	$	13		$	(118	)	$	—		$	(339	)
Depreciation, Depletion and Amortization		779			30			2			—			811
Provision (Benefit) for Income Taxes		(252	)		9			(73	)		—			(316	)
Capital Expenditures		381			90			—			—			471
For the Nine Months Ended September 30, 2017
Sales and Other Operating Revenues - Third parties	$	3,857		$	6		$	—		$	—		$	3,863
Intersegment Revenues		—			454			—			(454	)		—
Sales and Other Operating Revenues	$	3,857		$	460		$	—		$	(454	)	$	3,863
Net Income (Loss) attributable to Hess Corporation (a)	$	(1,061	)	$	22		$	(358	)	$	—		$	(1,397	)
Depreciation, Depletion and Amortization		2,120			93			24			—			2,237
Impairment		2,503			—			—			—			2,503
Provision (Benefit) for Income Taxes (b)		(2,003	)		18			(10	)		—			(1,995	)
Capital Expenditures		1,351			75			—			—			1,426
For the Nine Months Ended September 30, 2016
Sales and Other Operating Revenues - Third parties	$	3,368		$	6		$	—		$	—		$	3,374
Intersegment Revenues		—			398			—			(398	)		—
Sales and Other Operating Revenues	$	3,368		$	404		$	—		$	(398	)	$	3,374
Net Income (Loss) attributable to Hess Corporation	$	(1,015	)	$	40		$	(265	)	$	—		$	(1,240	)
Depreciation, Depletion and Amortization		2,381			88			7			—			2,476
Provision (Benefit) for Income Taxes		(840	)		25			(152	)		—			(967	)
Capital Expenditures		1,318			194			—			—			1,512

(a) In the third quarter of 2017, we disposed of our enhanced oil recovery assets in the Permian Basin. This sale transaction included both upstream and midstream assets resulting in an after-tax gain of $314 million allocated to the E&P segment, and an after-tax loss of $34 million allocated to the Midstream segment.  See Note 2, Disposition.

(b) The provision for income taxes in the Midstream segment is presented before consolidating its operations with other U.S. activities of the Company and prior to evaluating realizability of net U.S. deferred taxes.  An offsetting impact is presented in the E&P segment.

Identifiable assets by operating segment were as follows:

	September 30,		December 31,
	2017		2016
	(In millions)
Exploration and Production	$	21,389	$	22,856
Midstream		3,012		3,165
Corporate, Interest and Other		2,199		2,600
Total	$	26,600	$	28,621