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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
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, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

1,793

 

 

$

 

 

$

 

 

$

 

 

$

1,793

 

Intersegment Revenues

 

 

 

 

 

184

 

 

 

 

 

 

(184

)

 

 

 

Sales and Other Operating Revenues

 

$

1,793

 

 

$

184

 

 

$

 

 

$

(184

)

 

$

1,793

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

50

 

 

$

30

 

 

$

(122

)

 

$

 

 

$

(42

)

Depreciation, Depletion and Amortization

 

 

457

 

 

 

32

 

 

 

 

 

 

 

 

 

489

 

Provision (Benefit) for Income Taxes

 

 

100

 

 

 

10

 

 

 

11

 

 

 

 

 

 

121

 

Capital Expenditures

 

 

500

 

 

 

83

 

 

 

 

 

 

 

 

 

583

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

1,347

 

 

$

1

 

 

$

 

 

$

 

 

$

1,348

 

Intersegment Revenues

 

 

 

 

 

153

 

 

 

 

 

 

(153

)

 

 

 

Sales and Other Operating Revenues

 

$

1,347

 

 

$

154

 

 

$

 

 

$

(153

)

 

$

1,348

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

(474

)

 

$

(12

)

 

$

(138

)

 

$

 

 

$

(624

)

Depreciation, Depletion and Amortization

 

 

709

 

 

 

29

 

 

 

21

 

 

 

 

 

 

759

 

Impairment

 

 

2,503

 

 

 

 

 

 

 

 

 

 

 

 

2,503

 

Provision (Benefit) for Income Taxes

 

 

(1,969

)

 

 

(3

)

 

 

(2

)

 

 

 

 

 

(1,974

)

Capital Expenditures

 

 

526

 

 

 

27

 

 

 

 

 

 

 

 

 

553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

4,673

 

 

$

 

 

$

 

 

$

 

 

$

4,673

 

Intersegment Revenues

 

 

 

 

 

527

 

 

 

 

 

 

(527

)

 

 

 

Sales and Other Operating Revenues

 

$

4,673

 

 

$

527

 

 

$

 

 

$

(527

)

 

$

4,673

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

56

 

 

$

88

 

 

$

(422

)

 

$

 

 

$

(278

)

Depreciation, Depletion and Amortization

 

 

1,249

 

 

 

94

 

 

 

7

 

 

 

 

 

 

1,350

 

Provision (Benefit) for Income Taxes

 

 

300

 

 

 

28

 

 

 

(20

)

 

 

 

 

 

308

 

Capital Expenditures

 

 

1,340

 

 

 

204

 

 

 

 

 

 

 

 

 

1,544

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

3,797

 

 

$

6

 

 

$

 

 

$

 

 

$

3,803

 

Intersegment Revenues

 

 

 

 

 

454

 

 

 

 

 

 

(454

)

 

 

 

Sales and Other Operating Revenues

 

$

3,797

 

 

$

460

 

 

$

 

 

$

(454

)

 

$

3,803

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) attributable to Hess Corporation

 

$

(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

 

 

(2,003

)

 

 

18

 

 

 

(10

)

 

 

 

 

 

(1,995

)

Capital Expenditures

 

 

1,351

 

 

 

75

 

 

 

 

 

 

 

 

 

1,426

 

Identifiable assets by operating segment were as follows:

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

(In millions)

 

Exploration and Production

 

$

16,387

 

 

$

15,613

 

Midstream

 

 

3,540

 

 

 

3,329

 

Corporate, Interest and Other

 

 

1,540

 

 

 

4,170

 

Total

 

$

21,467

 

 

$

23,112