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Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-based Compensation Cost by Award Type Share‑based compensation expense consisted of the following:
 202220212020
 (In millions)
Restricted stock$52 $49 $51 
Performance share units20 18 18 
Stock options11 10 10 
Share-based compensation expense before income taxes$83 $77 $79 
Income tax benefit on share-based compensation expense$— $— $— 
Summary of Restricted Stock Award Activity The following is a summary of restricted stock award activity in 2022:
 Shares of Restricted Common StockWeighted - Average Price on Date of Grant
 (In thousands, except per share amounts)
Outstanding at January 1, 20221,616 $62.33 
Granted595 101.72 
Vested (a)(850)60.75 
Forfeited(49)78.50 
Outstanding at December 31, 20221,312 $80.61 
(a)In 2022, restricted stock with a vesting date fair value of $86 million were vested (2021: $72 million; 2020: $51 million).
Summary of Performance Share Units Activity The following is a summary of PSU activity in 2022:
 Performance Share UnitsWeighted - Average Fair Value on Date of Grant
 (In thousands, except per share amounts)
Outstanding at January 1, 2022733 $70.17 
Granted178 114.59 
Vested (a)(224)71.35 
Forfeited(1)114.59 
Outstanding at December 31, 2022686 $81.25 
(a)In 2022, PSU’s with a vesting date fair value of $37 million were vested (2021: $30 million; 2020: $48 million).
Assumptions to Estimate Fair Value of Performance Share Units
The following weighted average assumptions were utilized to estimate the fair value of PSU awards:
 202220212020
Risk free interest rate1.59 %0.29 %0.52 %
Stock price volatility0.5840.5790.374
Contractual term in years3.03.03.0
Grant date price of Hess common stock$101.17 $75.04 $49.72 
Summary of Stock Options Activity The following is a summary of stock options activity in 2022:
 Number of options
(In thousands)		Weighted Average Exercise Price per ShareWeighted Average Remaining Contractual Term
Outstanding at January 1, 20222,087 $61.15 6.5 years
Granted269 101.17 
Exercised(872)59.50 
Forfeited(3)101.17 
Outstanding at December 31, 20221,481 $69.31 6.6 years
Assumptions to Estimate Fair Value of Stock Options
The following weighted average assumptions were utilized to estimate the fair value of stock options:
 202220212020
Risk free interest rate1.66 %0.95 %0.64 %
Stock price volatility0.4570.4700.372
Dividend yield1.48 %1.33 %2.01 %
Expected life in years6.06.06.0
Weighted average fair value per option granted$39.51 $29.66 $14.30