Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019
Sales and Other Operating Revenues - Third parties	$	1,580		$	—	$	—		$	—		$	1,580
Intersegment Revenues		—			215		—			(215	)		—
Sales and Other Operating Revenues	$	1,580		$	215	$	—		$	(215	)	$	1,580
Net Income (Loss) attributable to Hess Corporation	$	(60	)	$	39	$	(191	)	$	—		$	(212	)
Depreciation, Depletion and Amortization		507			36		1			—			544
Provision (Benefit) for Income Taxes (a)		116			—		—			—			116
Capital Expenditures		624			112		—			—			736
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 (a)		100			10		11			—			121
Capital Expenditures		500			83		—			—			583
For the Nine Months Ended September 30, 2019
Sales and Other Operating Revenues - Third parties	$	4,812		$	—	$	—		$	—		$	4,812
Intersegment Revenues		—			595		—			(595	)		—
Sales and Other Operating Revenues	$	4,812		$	595	$	—		$	(595	)	$	4,812
Net Income (Loss) attributable to Hess Corporation	$	117		$	111	$	(414	)	$	—		$	(186	)
Depreciation, Depletion and Amortization		1,430			105		1			—			1,536
Provision (Benefit) for Income Taxes (a)		342			—		—			—			342
Capital Expenditures		1,764			308		—			—			2,072
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 (a)		300			28		(20	)		—			308
Capital Expenditures		1,340			204		—			—			1,544

(a) Commencing January 1, 2019, management changed its measurement of segment earnings to reflect income taxes on a post U.S. tax consolidation and valuation allowance assessment basis.  In 2018, the provision for income taxes in the Midstream segment was presented before consolidating its operations with other U.S. activities of the Corporation and prior to evaluating realizability of net U.S. deferred taxes.  An offsetting impact was presented in the E&P segment.  If 2018 segment results were prepared on a basis consistent with 2019, in the three and nine months ended September 30, 2018, Midstream segment net income attributable to Hess Corporation would have been $40 million and $116 million, respectively, and E&P segment net income attributable to Hess Corporation would have been $40 million and $28 million, respectively.

Identifiable assets by operating segment were as follows:

	September 30,		December 31,
	2019		2018
	(In millions)
Exploration and Production	$	16,603	$	16,109
Midstream		3,423		3,285
Corporate, Interest and Other		1,605		2,039
Total	$	21,631	$	21,433