Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

12.  Segment Information

We currently have two operating segments, Exploration and Production and Midstream.  All unallocated costs are reflected under Corporate, Interest and Other.  The following table presents operating segment financial data:

	Exploration and Production		Midstream		Corporate, Interest and Other		Eliminations		Total
	(In millions)
For the Three Months Ended September 30, 2020
Sales and Other Operating Revenues - Third parties	$	1,159	$	—	$	—	$	—	$	1,159
Intersegment Revenues	—		264		—		(264)		—
Sales and Other Operating Revenues	$	1,159	$	264	$	—	$	(264)	$	1,159
Net Income (Loss) attributable to Hess Corporation	$	(182)	$	56	$	(117)	$	—	$	(243)
Depreciation, Depletion and Amortization	478		40		—		—		518
Provision (Benefit) for Income Taxes	6		1		(2)		—		5
Capital Expenditures	301		66		—		—		367
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	116		—		—		—		116
Capital Expenditures	624		112		—		—		736
For the Nine Months Ended September 30, 2020
Sales and Other Operating Revenues - Third parties	$	3,346	$	—	$	—	$	—	$	3,346
Intersegment Revenues	—		825		—		(825)		—
Sales and Other Operating Revenues	$	3,346	$	825	$	—	$	(825)	$	3,346
Net Income (Loss) attributable to Hess Corporation	$	(2,802)	$	168	$	(362)	$	—	$	(2,996)
Depreciation, Depletion and Amortization	1,469		117		2		—		1,588
Impairment	2,126		—		—		—		2,126
Provision (Benefit) for Income Taxes	(82)		5		(6)		—		(83)
Capital Expenditures	1,338		202		—		—		1,540
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	342		—		—		—		342
Capital Expenditures	1,764		308		—		—		2,072

Identifiable assets by operating segment were as follows:

	September 30, 2020		December 31, 2019
	(In millions)
Exploration and Production	$	14,005	$	16,790
Midstream	3,594		3,499
Corporate, Interest and Other	1,370		1,493
Total	$	18,969	$	21,782