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Segment Information
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Information

12.  Segment Information

We currently have two operating segments, Exploration and Production, and Midstream.  All unallocated costs are reflected under Corporate, Interest and Other.  The following table presents operating segment financial data:

 

 

 

Exploration and Production

 

 

Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

 

 

(In millions)

 

For the Three Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

1,534

 

 

$

 

 

$

 

 

$

 

 

$

1,534

 

Intersegment Revenues

 

 

 

 

 

176

 

 

 

 

 

 

(176

)

 

 

 

Sales and Other Operating Revenues

 

$

1,534

 

 

$

176

 

 

$

 

 

$

(176

)

 

$

1,534

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

31

 

 

$

30

 

 

$

(191

)

 

$

 

 

$

(130

)

Depreciation, Depletion and Amortization

 

 

407

 

 

 

31

 

 

 

6

 

 

 

 

 

 

444

 

Provision (Benefit) for Income Taxes

 

 

105

 

 

 

9

 

 

 

 

 

 

 

 

 

114

 

Capital Expenditures

 

 

486

 

 

 

84

 

 

 

 

 

 

 

 

 

570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

1,194

 

 

$

3

 

 

$

 

 

$

 

 

$

1,197

 

Intersegment Revenues

 

 

 

 

 

154

 

 

 

 

 

 

(154

)

 

 

 

Sales and Other Operating Revenues

 

$

1,194

 

 

$

157

 

 

$

 

 

$

(154

)

 

$

1,197

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

(354

)

 

$

16

 

 

$

(111

)

 

$

 

 

$

(449

)

Depreciation, Depletion and Amortization

 

 

708

 

 

 

32

 

 

 

1

 

 

 

 

 

 

741

 

Provision (Benefit) for Income Taxes

 

 

(14

)

 

 

10

 

 

 

(4

)

 

 

 

 

 

(8

)

Capital Expenditures

 

 

483

 

 

 

20

 

 

 

 

 

 

 

 

 

503

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

2,880

 

 

$

 

 

$

 

 

$

 

 

$

2,880

 

Intersegment Revenues

 

 

 

 

 

343

 

 

 

 

 

 

(343

)

 

 

 

Sales and Other Operating Revenues

 

$

2,880

 

 

$

343

 

 

$

 

 

$

(343

)

 

$

2,880

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

6

 

 

$

58

 

 

$

(300

)

 

$

 

 

$

(236

)

Depreciation, Depletion and Amortization

 

 

792

 

 

 

62

 

 

 

7

 

 

 

 

 

 

861

 

Provision (Benefit) for Income Taxes

 

 

200

 

 

 

18

 

 

 

(31

)

 

 

 

 

 

187

 

Capital Expenditures

 

 

840

 

 

 

121

 

 

 

 

 

 

 

 

 

961

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

2,450

 

 

$

5

 

 

$

 

 

$

 

 

$

2,455

 

Intersegment Revenues

 

 

 

 

 

301

 

 

 

 

 

 

(301

)

 

 

 

Sales and Other Operating Revenues

 

$

2,450

 

 

$

306

 

 

$

 

 

$

(301

)

 

$

2,455

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

(587

)

 

$

34

 

 

$

(220

)

 

$

 

 

$

(773

)

Depreciation, Depletion and Amortization

 

 

1,411

 

 

 

64

 

 

 

3

 

 

 

 

 

 

1,478

 

Provision (Benefit) for Income Taxes

 

 

(34

)

 

 

21

 

 

 

(8

)

 

 

 

 

 

(21

)

Capital Expenditures

 

 

825

 

 

 

48

 

 

 

 

 

 

 

 

 

873

 


Identifiable assets by operating segment were as follows:

 

 

June 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

(In millions)

 

Exploration and Production

 

$

15,907

 

 

$

15,613

 

Midstream

 

 

3,488

 

 

 

3,329

 

Corporate, Interest and Other

 

 

2,069

 

 

 

4,170

 

Total

 

$

21,464

 

 

$

23,112