Weighted Average Common Shares

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Weighted Average Common Shares

10. Weighted Average Common Shares

The Net income (loss) and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
	(In millions)
Net income (loss) attributable to Hess Corporation:
Net income (loss)	$	754	$	13	$	1,259	$	349
Less: Net income (loss) attributable to noncontrolling interests	87		86		175		170
Net income (loss) attributable to Hess Corporation	$	667	$	(73)	$	1,084	$	179
Weighted average number of common shares outstanding:
Basic	309.7		307.5		309.3		306.7
Effect of dilutive securities
Restricted common stock	0.6		—		0.6		0.7
Stock options	0.6		—		0.6		0.5
Performance share units	—		—		0.1		0.8
Diluted	310.9		307.5		310.6		308.7

The following table summarizes the number of antidilutive shares excluded from the computation of diluted shares:

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Restricted common stock	—	1,641,860	48	94,726
Stock options	269,748	2,562,983	172,581	832,454
Performance share units	29,668	1,161,324	30,510	39,608

During the six months ended June 30, 2022, we granted 565,318 shares of restricted stock (2021: 705,489), 178,008 performance share units (2021: 205,155) and 269,748 stock options (2021: 319,295).

At December 31, 2021, the remaining amount under our Board authorized $7.5 billion stock repurchase plan was $650 million. In the second quarter of 2022, we repurchased approximately 1.8 million shares of common stock for $190 million. No shares of common stock were repurchased during 2021.