XML 56 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basic and Diluted Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Income (Loss) and Weighted Average Number of Common Shares Used in Computation of Basic and Diluted Earnings Per Share

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

 

 

2018

 

 

2017

 

 

2016

 

 

 

(In millions)

 

Net Income (Loss) Attributable to Hess Corporation Common Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(115

)

 

$

(3,941

)

 

$

(6,076

)

Less: Net income (loss) attributable to noncontrolling interests

 

 

167

 

 

 

133

 

 

 

56

 

Less: Preferred stock dividends

 

 

46

 

 

 

46

 

 

 

41

 

Net income (loss) attributable to Hess Corporation Common Stockholders

 

$

(328

)

 

$

(4,120

)

 

$

(6,173

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Common Shares Outstanding:

 

 

 

Basic

 

 

298.2

 

 

 

314.1

 

 

 

309.9

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Restricted common stock

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

 

 

 

Performance share units

 

 

 

 

 

 

 

 

 

Mandatory Convertible Preferred stock

 

 

 

 

 

 

 

 

 

Diluted

 

 

298.2

 

 

 

314.1

 

 

 

309.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) Attributable to Hess Corporation per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.10

)

 

$

(13.12

)

 

$

(19.92

)

Diluted

 

$

(1.10

)

 

$

(13.12

)

 

$

(19.92

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive shares excluded from the computation of diluted shares:

 

 

 

Restricted common stock

 

 

2.9

 

 

 

3.3

 

 

 

3.3

 

Stock options

 

 

5.5

 

 

 

6.4

 

 

 

6.9

 

Performance share units

 

 

1.1

 

 

 

0.6

 

 

 

0.9

 

Common shares from conversion of preferred stock

 

 

12.7

 

 

 

12.8

 

 

 

11.2