Segment Information

6 Months Ended

Jun. 30, 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 June 30, 2021
Sales and Other Operating Revenues - Third parties	$	1,579	$	—	$	—	$	—	$	1,579
Intersegment Revenues	—		294		—		(294)		—
Sales and Other Operating Revenues	$	1,579	$	294	$	—	$	(294)	$	1,579
Net Income (Loss) attributable to Hess Corporation	$	(25)	$	76	$	(124)	$	—	$	(73)
Depreciation, Depletion and Amortization	344		41		—		—		385
Impairment and other	147		—		—		—		147
Provision (Benefit) for Income Taxes	119		3		—		—		122
Capital Expenditures	396		47		—		—		443
For the Three Months Ended June 30, 2020
Sales and Other Operating Revenues - Third parties	$	833	$	—	$	—	$	—	$	833
Intersegment Revenues	—		270		—		(270)		—
Sales and Other Operating Revenues	$	833	$	270	$	—	$	(270)	$	833
Net Income (Loss) attributable to Hess Corporation	$	(249)	$	51	$	(122)	$	—	$	(320)
Depreciation, Depletion and Amortization	470		39		—		—		509
Provision (Benefit) for Income Taxes	(11)		2		—		—		(9)
Capital Expenditures	428		79		—		—		507
For the Six Months Ended June 30, 2021
Sales and Other Operating Revenues - Third parties	$	3,477	$	—	$	—	$	—	$	3,477
Intersegment Revenues	—		583		—		(583)		—
Sales and Other Operating Revenues	$	3,477	$	583	$	—	$	(583)	$	3,477
Net Income (Loss) attributable to Hess Corporation	$	283	$	151	$	(255)	$	—	$	179
Depreciation, Depletion and Amortization	699		81		1		—		781
Impairment and other	147		—		—		—		147
Provision (Benefit) for Income Taxes	239		6		—		—		245
Capital Expenditures	676		70		—		—		746
For the Six Months Ended June 30, 2020
Sales and Other Operating Revenues - Third parties	$	2,187	$	—	$	—	$	—	$	2,187
Intersegment Revenues	—		561		—		(561)		—
Sales and Other Operating Revenues	$	2,187	$	561	$	—	$	(561)	$	2,187
Net Income (Loss) attributable to Hess Corporation	$	(2,620)	$	112	$	(245)	$	—	$	(2,753)
Depreciation, Depletion and Amortization	991		77		2		—		1,070
Impairment and other	2,126		—		—		—		2,126
Provision (Benefit) for Income Taxes	(88)		4		(4)		—		(88)
Capital Expenditures	1,037		136		—		—		1,173

Identifiable assets by operating segment were as follows:

	June 30, 2021		December 31, 2020
	(In millions)
Exploration and Production	$	13,753	$	13,688
Midstream	3,587		3,599
Corporate, Interest and Other	1,826		1,534
Total	$	19,166	$	18,821