Outstanding and Weighted Average Common Shares (Tables)

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Changes in Outstanding Common Shares

The following table provides the changes in our outstanding common shares:

	2017			2016		2015
	(In millions)
Balance at January 1		316.5			286.0		285.8
Shares issued		—			28.8		—
Activity related to restricted stock awards, net		0.8			1.1		0.8
Stock options exercised		0.2			0.2		0.2
PSU vested		0.2			0.4		0.6
Shares repurchased (a)		(2.6	)		—		(1.4	)
Balance at December 31		315.1			316.5		286.0

(a) See Note 18, Share Repurchase Plan.

Net Income (Loss) and Computation of Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share:

	2017			2016			2015
	(In millions, except per share amounts)
Net Income (Loss) Attributable to Hess Corporation Common Stockholders:
Income (loss) from continuing operations, net of income taxes	$	(3,941	)	$	(6,076	)	$	(2,959	)
Less: Net income (loss) attributable to noncontrolling interests		133			56			49
Net income (loss) from continuing operations attributable to Hess Corporation		(4,074	)		(6,132	)		(3,008	)
Less: Preferred stock dividends		46			41			—
Net income (loss) from continuing operations attributable to Hess Corporation Common Stockholders		(4,120	)		(6,173	)		(3,008	)
Income (loss) from discontinued operations, net of income taxes		—			—			(48	)
Net income (loss) attributable to Hess Corporation Common Stockholders	$	(4,120	)	$	(6,173	)	$	(3,056	)
Weighted Average Number of Common Shares Outstanding:
Basic		314.1			309.9			283.6
Effect of dilutive securities
Restricted common stock		—			—			—
Stock options		—			—			—
Performance share units		—			—			—
Mandatory Convertible Preferred stock		—			—			—
Diluted		314.1			309.9			283.6
Net Income (Loss) Attributable to Hess Corporation per Common Share:
Basic:
Continuing operations	$	(13.12	)	$	(19.92	)	$	(10.61	)
Discontinued operations		—			—			(0.17	)
Net income (loss) per common share	$	(13.12	)	$	(19.92	)	$	(10.78	)
Diluted:
Continuing operations	$	(13.12	)	$	(19.92	)	$	(10.61	)
Discontinued operations		—			—			(0.17	)
Net income (loss) per common share	$	(13.12	)	$	(19.92	)	$	(10.78	)

Summary of Antidilutive Shares Excluded from Computation of Diluted Shares

The following table summarizes the number of antidilutive shares excluded from the computation of diluted shares:

	2017		2016		2015
Antidilutive shares:	(In millions)
Restricted common stock		3.3		3.3		2.9
Stock options		6.4		6.9		6.9
Performance share units		0.6		0.9		1.0
Common shares from conversion of preferred stock		12.8		11.2		—