Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

11.  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 March 31, 2021
Sales and Other Operating Revenues - Third parties	$	1,898	$	—	$	—	$	—	$	1,898
Intersegment Revenues	—		289		—		(289)		—
Sales and Other Operating Revenues	$	1,898	$	289	$	—	$	(289)	$	1,898
Net Income (Loss) attributable to Hess Corporation	$	308	$	75	$	(131)	$	—	$	252
Depreciation, Depletion and Amortization	355		40		1		—		396
Provision (Benefit) for Income Taxes	120		3		—		—		123
Capital Expenditures	280		23		—		—		303
For the Three Months Ended March 31, 2020
Sales and Other Operating Revenues - Third parties	$	1,354	$	—	$	—	$	—	$	1,354
Intersegment Revenues	—		291		—		(291)		—
Sales and Other Operating Revenues	$	1,354	$	291	$	—	$	(291)	$	1,354
Net Income (Loss) attributable to Hess Corporation	$	(2,371)	$	61	$	(123)	$	—	$	(2,433)
Depreciation, Depletion and Amortization	521		38		2		—		561
Impairment	2,126		—		—		—		2,126
Provision (Benefit) for Income Taxes	(77)		2		(4)		—		(79)
Capital Expenditures	609		57		—		—		666

Identifiable assets by operating segment were as follows:

	March 31, 2021		December 31, 2020
	(In millions)
Exploration and Production	$	13,764	$	13,688
Midstream	3,586		3,599
Corporate, Interest and Other	1,601		1,534
Total	$	18,951	$	18,821