Outstanding and Weighted Average Common Shares (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Net Income (Loss) & Weighted Average Number of Common Shares Used in Computation of Basic & 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:

	2021		2020		2019
	(In millions except per share amounts)
Net Income (Loss) Attributable to Hess Corporation Common Stockholders:
Net income (loss)	$	890	$	(2,839)	$	(240)
Less: Net income (loss) attributable to noncontrolling interests	331		254		168
Less: Preferred stock dividends	—		—		4
Net income (loss) attributable to Hess Corporation Common Stockholders	$	559	$	(3,093)	$	(412)
Weighted Average Number of Common Shares Outstanding:
Basic	307.4		304.8		301.2
Effect of dilutive securities
Restricted common stock	0.7		—		—
Stock options	0.4		—		—
Performance share units	0.8		—		—
Diluted	309.3		304.8		301.2
Net Income (Loss) Attributable to Hess Corporation per Common Share:
Basic	$	1.82	$	(10.15)	$	(1.37)
Diluted	$	1.81	$	(10.15)	$	(1.37)
Antidilutive shares excluded from the computation of diluted shares:
Restricted common stock	—		2.1		2.2
Stock options	0.7		4.3		4.7
Performance share units	—		1.1		1.7

Changes in Outstanding Common Shares

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

	2021	2020	2019
	(In millions)
Balance at January 1	307.0	304.9	291.4
Conversion of preferred stock	—	—	11.6
Activity related to restricted stock awards, net	0.7	1.0	0.9
Stock options exercised	1.5	0.3	0.7
PSUs vested	0.5	0.8	0.3
Balance at December 31	309.7	307.0	304.9