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Weighted Average Common Shares (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) and Weighted Average Number of Common Shares Used in the Computation of Basic and Diluted Earnings Per Share

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

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

 

 

(In millions)

 

Net income (loss) attributable to Hess Corporation Common Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

75

 

 

$

(65

)

Less: Net income (loss) attributable to noncontrolling interests

 

 

43

 

 

 

41

 

Less: Preferred stock dividends

 

 

4

 

 

 

11

 

Net income (loss) attributable to Hess Corporation Common Stockholders

 

$

28

 

 

$

(117

)

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

297.4

 

 

 

309.5

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

Restricted common stock

 

 

1.2

 

 

 

 

Stock options

 

 

0.2

 

 

 

 

Performance share units

 

 

0.9

 

 

 

 

Diluted

 

 

299.7

 

 

 

309.5

 

 

Summary of Antidilutive Shares Excluded from Computation of Diluted Shares

The following table summarizes the number of antidilutive shares excluded from the computation of diluted shares:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Restricted common stock

 

 

57,252

 

 

 

2,922,316

 

Stock options

 

 

3,394,418

 

 

 

5,807,579

 

Performance share units

 

 

65,661

 

 

 

623,088

 

Common shares from conversion of preferred stocks

 

 

3,930,663

 

 

 

12,584,974