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Weighted Average Common Shares
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Weighted Average Common Shares

9.  Weighted Average Common Shares

The Net income (loss) and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows:  

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

 

 

(in millions)

 

Net income (loss) attributable to Hess Corporation Common Stockholders:

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(65

)

 

$

(296

)

Less: Net income (loss) attributable to noncontrolling interests

 

 

41

 

 

 

28

 

Less: Preferred stock dividends

 

 

11

 

 

 

12

 

Net income (loss) attributable to Hess Corporation Common Stockholders

 

$

(117

)

 

$

(336

)

 

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Basic

 

 

309.5

 

 

 

313.9

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

Restricted common stock

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

Performance share units

 

 

 

 

 

 

Mandatory convertible preferred stock

 

 

 

 

 

 

Diluted

 

 

309.5

 

 

 

313.9

 

 


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

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

Restricted common stock

 

 

2,922,316

 

 

 

3,126,222

 

Stock options

 

 

5,807,579

 

 

 

6,298,896

 

Performance share units

 

 

623,088

 

 

 

313,004

 

Common shares upon conversion of Preferred stocks

 

 

12,584,974

 

 

 

12,547,650

 

During the three months ended March 31, 2018, we granted 1,081,923 shares of restricted stock (2017: 1,206,732), 278,003 performance share units (2017: 438,980) and 683,167 stock options (2017: 662,819).