Weighted Average Common Shares

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Weighted Average Common Shares

10. Weighted Average Common Shares

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In millions)
Net income attributable to Hess Corporation:
Net income	$	606	$	185	$	1,865	$	534
Less: Net income attributable to noncontrolling interests	91		70		266		240
Net income attributable to Hess Corporation	$	515	$	115	$	1,599	$	294
Weighted average number of common shares outstanding:
Basic	307.6		308.1		308.7		307.1
Effect of dilutive securities
Restricted common stock	0.6		0.6		0.7		0.6
Stock options	0.5		0.3		0.6		0.5
Performance share units	0.2		0.9		0.1		0.9
Diluted	308.9		309.9		310.1		309.1

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

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Restricted common stock	623	47,215	240	78,889
Stock options	269,748	705,557	204,970	790,155
Performance share units	—	—	20,340	26,405

During the nine months ended September 30, 2022, we granted 586,287 shares of restricted stock (2021: 779,167), 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 $7.5 billion stock repurchase plan authorized by our Board of Directors (Board) was $650 million. During the nine months ended September 30, 2022, we repurchased approximately 3.1 million shares of our common stock for $340 million. No shares of common stock were repurchased during 2021.