Outstanding and Weighted Average Common Shares (Tables)

12 Months Ended

Dec. 31, 2020

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:

	2020		2019		2018
	(In millions except per share amounts)
Net Income (Loss) Attributable to Hess Corporation Common Stockholders:
Net income (loss)	$	(2,839)	$	(240)	$	(115)
Less: Net income (loss) attributable to noncontrolling interests	254		168		167
Less: Preferred stock dividends	—		4		46
Net income (loss) attributable to Hess Corporation Common Stockholders	$	(3,093)	$	(412)	$	(328)
Weighted Average Number of Common Shares Outstanding:
Basic	304.8		301.2		298.2
Effect of dilutive securities
Restricted common stock	—		—		—
Stock options	—		—		—
Performance share units	—		—		—
Mandatory convertible preferred stock	—		—		—
Diluted	304.8		301.2		298.2
Net Income (Loss) Attributable to Hess Corporation per Common Share:
Basic	$	(10.15)	$	(1.37)	$	(1.10)
Diluted	$	(10.15)	$	(1.37)	$	(1.10)
Antidilutive shares excluded from the computation of diluted shares:
Restricted common stock	2.1		2.2		2.9
Stock options	4.3		4.7		5.5
Performance share units	1.1		1.7		1.1
Common shares from conversion of preferred stock	—		—		12.7

Changes in Outstanding Common Shares

The following table provides the changes in our outstanding common shares:

	2020	2019	2018
	(In millions)
Balance at January 1	304.9	291.4	315.1
Conversion of preferred stock	—	11.6	—
Activity related to restricted stock awards, net	1.0	0.9	0.8
Stock options exercised	0.3	0.7	0.6
PSUs vested	0.8	0.3	0.1
Shares repurchased	—	—	(25.2)
Balance at December 31	307.0	304.9	291.4