Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

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
2020
Sales and Other Operating Revenues - Third parties	$	4,667	$	—	$	—	$	—	$	4,667
Intersegment Revenues	—		1,092		—		(1,092)		—
Sales and Other Operating Revenues	$	4,667	$	1,092	$	—	$	(1,092)	$	4,667
Net Income (Loss) Attributable to Hess Corporation	$	(2,841)	$	230	$	(482)	$	—	$	(3,093)
Interest Expense	—		95		373		—		468
Depreciation, Depletion and Amortization	1,915		157		2		—		2,074
Impairment	2,126		—		—		—		2,126
Provision (Benefit) for Income Taxes (a)	(12)		7		(6)		—		(11)
Investment in Affiliates	104		108		—		—		212
Identifiable Assets	13,688		3,599		1,534		—		18,821
Capital Expenditures	1,678		253		—		—		1,931
2019
Sales and Other Operating Revenues - Third parties	$	6,495	$	—	$	—	$	—	$	6,495
Intersegment Revenues	—		848		—		(848)		—
Sales and Other Operating Revenues	$	6,495	$	848	$	—	$	(848)	$	6,495
Net Income (Loss) Attributable to Hess Corporation	$	53	$	144	$	(605)	$	—	$	(408)
Interest Expense	—		63		317		—		380
Depreciation, Depletion and Amortization	1,977		142		3		—		2,122
Provision (Benefit) for Income Taxes (a)	375		—		86		—		461
Investment in Affiliates	114		108		—		—		222
Identifiable Assets	16,790		3,499		1,493		—		21,782
Capital Expenditures	2,576		416		—		—		2,992
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
Capital Expenditures	1,909		271		—		—		2,180

(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 2020 and 2019, Midstream segment net income attributable to Hess Corporation would have been $158 million and E&P net income attributable to Hess Corporation would have been $13 million.

Financial Information by Major Geographic Area

The following table presents financial information by major geographic area:

	United States		Guyana		Malaysia and JDA		Other		Corporate, Interest and other		Total
	(In millions)
2020
Sales and Other Operating Revenues	$	3,604	$	350	$	511	$	202	$	—	$	4,667
Property, Plant and Equipment (Net) (a)	10,384		2,114		1,067		539		11		14,115
2019
Sales and Other Operating Revenues	$	5,043	$	—	$	762	$	690	$	—	$	6,495
Property, Plant and Equipment (Net) (a)	12,182		1,507		1,890		1,223		12		16,814
2018
Sales and Other Operating Revenues	$	4,842	$	—	$	769	$	712	$	—	$	6,323

(a)Property, plant and equipment in the United States, in 2020, includes $7,273 million (2019: $9,172 million) attributable to the E&P segment and $3,111 million (2019: $3,010 million) attributable to the Midstream segment