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Statement of Consolidated Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues and Non-Operating Income        
Sales and other operating revenues $ 1,793 $ 1,348 $ 4,673 $ 3,803
Gains on asset sales, net 14 274 32 276
Other, net 21 22 79 21
Total revenues and non-operating income 1,828 1,644 4,784 4,100
Costs and Expenses        
Marketing, including purchased oil and gas 491 338 1,299 791
Operating costs and expenses 266 353 842 1,085
Production and severance taxes 47 27 128 88
Exploration expenses, including dry holes and lease impairment 169 41 271 151
General and administrative expenses 143 111 382 301
Interest expense 99 79 300 245
Loss on debt extinguishment 0 0 53 0
Depreciation, depletion and amortization 489 759 1,350 2,237
Impairment 0 2,503 0 2,503
Total costs and expenses 1,704 4,211 4,625 7,401
Income (Loss) Before Income Taxes 124 (2,567) 159 (3,301)
Provision (benefit) for income taxes 121 (1,974) 308 (1,995)
Net Income (Loss) 3 (593) (149) (1,306)
Less: Net income (loss) attributable to noncontrolling interests 45 31 129 91
Net Income (Loss) Attributable to Hess Corporation (42) (624) (278) (1,397)
Less: Preferred stock dividends 11 11 34 34
Net Income (Loss) Attributable to Hess Corporation Common Stockholders $ (53) $ (635) $ (312) $ (1,431)
Net Income (Loss) Attributable to Hess Corporation Per Common Share:        
Basic $ (0.18) $ (2.02) $ (1.04) $ (4.55)
Diluted $ (0.18) $ (2.02) $ (1.04) $ (4.55)
Weighted Average Number of Common Shares Outstanding (Diluted) 294.3 314.5 300.4 314.3
Common Stock Dividends Per Share $ 0.25 $ 0.25 $ 0.75 $ 0.75