Segment Information

9 Months Ended

Sep. 30, 2021

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, 2021
Sales and Other Operating Revenues - Third parties	$	1,759	$	—	$	—	$	—	$	1,759
Intersegment Revenues	—		304		—		(304)		—
Sales and Other Operating Revenues	$	1,759	$	304	$	—	$	(304)	$	1,759
Net Income (Loss) attributable to Hess Corporation	$	178	$	61	$	(124)	$	—	$	115
Depreciation, Depletion and Amortization	308		41		—		—		349
Provision (Benefit) for Income Taxes	140		3		—		—		143
Capital Expenditures	469		59		—		—		528
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 Nine Months Ended September 30, 2021
Sales and Other Operating Revenues - Third parties	$	5,236	$	—	$	—	$	—	$	5,236
Intersegment Revenues	—		887		—		(887)		—
Sales and Other Operating Revenues	$	5,236	$	887	$	—	$	(887)	$	5,236
Net Income (Loss) attributable to Hess Corporation	$	461	$	212	$	(379)	$	—	$	294
Depreciation, Depletion and Amortization	1,007		122		1		—		1,130
Impairment and other	147		—		—		—		147
Provision (Benefit) for Income Taxes	379		9		—		—		388
Capital Expenditures	1,145		129		—		—		1,274
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 and other	2,126		—		—		—		2,126
Provision (Benefit) for Income Taxes	(82)		5		(6)		—		(83)
Capital Expenditures	1,338		202		—		—		1,540

Identifiable assets by operating segment were as follows:

	September 30, 2021		December 31, 2020
	(In millions)
Exploration and Production	$	13,648	$	13,688
Midstream	3,627		3,599
Corporate, Interest and Other	2,215		1,534
Total	$	19,490	$	18,821