XML 61 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Financial Data by Operating Segment

The following table presents operating segment financial data (in millions):

 

 

Exploration and Production

 

 

Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

6,323

 

 

$

 

 

$

 

 

$

 

 

$

6,323

 

Intersegment Revenues

 

 

 

 

 

713

 

 

 

 

 

 

(713

)

 

 

 

Sales and Other Operating Revenues

 

$

6,323

 

 

$

713

 

 

$

 

 

$

(713

)

 

$

6,323

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) Attributable to Hess Corporation

 

$

51

 

 

$

120

 

 

$

(453

)

 

$

 

 

$

(282

)

Interest Expense

 

 

 

 

 

60

 

 

 

339

 

 

 

 

 

 

399

 

Depreciation, Depletion and Amortization

 

 

1,748

 

 

 

127

 

 

 

8

 

 

 

 

 

 

1,883

 

Provision (Benefit) for Income Taxes (a)

 

 

391

 

 

 

38

 

 

 

(94

)

 

 

 

 

 

335

 

Investment in Affiliates

 

 

126

 

 

 

67

 

 

 

 

 

 

 

 

 

193

 

Identifiable Assets

 

 

16,109

 

 

 

3,285

 

 

 

2,039

 

 

 

 

 

 

21,433

 

Capital Expenditures

 

 

1,909

 

 

 

271

 

 

 

 

 

 

 

 

 

2,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

5,460

 

 

$

6

 

 

$

 

 

$

 

 

$

5,466

 

Intersegment Revenues

 

 

 

 

 

611

 

 

 

 

 

 

(611

)

 

 

 

Sales and Other Operating Revenues

 

$

5,460

 

 

$

617

 

 

$

 

 

$

(611

)

 

$

5,466

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) Attributable to Hess Corporation

 

$

(3,653

)

 

$

42

 

 

$

(463

)

 

$

 

 

$

(4,074

)

Interest Expense

 

 

 

 

 

26

 

 

 

299

 

 

 

 

 

 

325

 

Depreciation, Depletion and Amortization

 

 

2,736

 

 

 

123

 

 

 

24

 

 

 

 

 

 

2,883

 

Impairment

 

 

4,203

 

 

 

 

 

 

 

 

 

 

 

 

4,203

 

Provision (Benefit) for Income Taxes (a)

 

 

(1,842

)

 

 

31

 

 

 

(26

)

 

 

 

 

 

(1,837

)

Investment in Affiliates

 

 

134

 

 

 

 

 

 

 

 

 

 

 

 

134

 

Identifiable Assets

 

 

15,613

 

 

 

3,329

 

 

 

4,170

 

 

 

 

 

 

23,112

 

Capital Expenditures

 

 

1,852

 

 

 

121

 

 

 

 

 

 

 

 

 

1,973

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues - Third-parties

 

$

4,755

 

 

$

7

 

 

$

 

 

$

 

 

$

4,762

 

Intersegment Revenues

 

 

 

 

 

562

 

 

 

 

 

 

(562

)

 

 

 

Sales and Other Operating Revenues

 

$

4,755

 

 

$

569

 

 

$

 

 

$

(562

)

 

$

4,762

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) Attributable to Hess Corporation

 

$

(4,964

)

 

$

42

 

 

$

(1,210

)

 

$

 

 

$

(6,132

)

Interest Expense

 

 

 

 

 

19

 

 

 

319

 

 

 

 

 

 

338

 

Depreciation, Depletion and Amortization

 

 

3,113

 

 

 

121

 

 

 

10

 

 

 

 

 

 

3,244

 

Impairment

 

 

 

 

 

67

 

 

 

 

 

 

 

 

 

67

 

Provision (Benefit) for Income Taxes

 

 

1,587

 

 

 

26

 

 

 

609

 

 

 

 

 

 

2,222

 

Capital Expenditures

 

 

1,638

 

 

 

283

 

 

 

 

 

 

 

 

 

1,921

 

(a)

The provision for income taxes in the Midstream segment in 2018 and 2017 is presented before consolidating its operations with other U.S. activities of the Company and prior to evaluating realizability of net U.S. deferred taxes.  An offsetting impact is presented in the E&P segment.

 

 

Financial Information by Major Geographic Area

The following table presents financial information by major geographic area:

 

 

United States

 

 

Europe

 

 

Africa

 

 

Asia and Other Countries

 

 

Corporate, Interest and other

 

 

Total

 

 

 

(In millions)

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues

 

$

4,842

 

 

$

164

 

 

$

548

 

 

$

769

 

 

$

 

 

$

6,323

 

Net Income (Loss) Attributable to Hess Corporation

 

 

131

 

 

 

42

 

 

 

36

 

 

 

(38

)

 

 

(453

)

 

 

(282

)

Depreciation, Depletion and Amortization

 

 

1,424

 

 

 

37

 

 

 

19

 

 

 

395

 

 

 

8

 

 

 

1,883

 

Provision (Benefit) for Income Taxes

 

 

(25

)

 

 

15

 

 

 

430

 

 

 

9

 

 

 

(94

)

 

 

335

 

Identifiable Assets

 

 

13,250

 

 

 

1,033

 

 

 

395

 

 

 

4,716

 

 

 

2,039

 

 

 

21,433

 

Property, Plant and Equipment (Net)

 

 

11,653

 

 

 

906

 

 

 

355

 

 

 

3,154

 

 

 

15

 

 

 

16,083

 

Capital Expenditures

 

 

1,543

 

 

 

8

 

 

 

9

 

 

 

620

 

 

 

 

 

 

2,180

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues

 

$

3,692

 

 

$

629

 

 

$

675

 

 

$

470

 

 

$

 

 

$

5,466

 

Net Income (Loss) Attributable to Hess Corporation

 

 

(2,433

)

 

 

(1,383

)

 

 

259

 

 

 

(54

)

 

 

(463

)

 

 

(4,074

)

Depreciation, Depletion and Amortization

 

 

1,942

 

 

 

381

 

 

 

263

 

 

 

273

 

 

 

24

 

 

 

2,883

 

Impairment

 

 

1,700

 

 

 

2,503

 

 

 

 

 

 

 

 

 

 

 

 

4,203

 

Provision (Benefit) for Income Taxes

 

 

 

 

 

(1,999

)

 

 

197

 

 

 

(9

)

 

 

(26

)

 

 

(1,837

)

Identifiable Assets

 

 

13,640

 

 

 

1,024

 

 

 

428

 

 

 

3,850

 

 

 

4,170

 

 

 

23,112

 

Property, Plant and Equipment (Net)

 

 

11,894

 

 

 

946

 

 

 

365

 

 

 

2,964

 

 

 

23

 

 

 

16,192

 

Capital Expenditures

 

 

1,387

 

 

 

141

 

 

 

30

 

 

 

415

 

 

 

 

 

 

1,973

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and Other Operating Revenues

 

$

3,085

 

 

$

610

 

 

$

601

 

 

$

466

 

 

$

 

 

$

4,762

 

Net Income (Loss) Attributable to Hess Corporation

 

 

(2,353

)

 

 

(439

)

 

 

(355

)

 

 

(1,775

)

 

 

(1,210

)

 

 

(6,132

)

Depreciation, Depletion and Amortization

 

 

2,133

 

 

 

502

 

 

 

375

 

 

 

224

 

 

 

10

 

 

 

3,244

 

Impairment

 

 

67

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

67

 

Provision (Benefit) for Income Taxes

 

 

411

 

 

 

243

 

 

 

244

 

 

 

715

 

 

 

609

 

 

 

2,222

 

Capital Expenditures

 

 

1,400

 

 

 

59

 

 

 

10

 

 

 

452

 

 

 

 

 

 

1,921