Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Financial Data by Operating Segments

The following table presents operating segment financial data (in millions):

	Exploration and Production		Midstream		Corporate, Interest and Other		Eliminations		Total
2022
Sales and Other Operating Revenues – Third parties	$	11,324	$	—	$	—	$	—	$	11,324
Intersegment Revenues	—		1,273		—		(1,273)		—
Sales and Other Operating Revenues	$	11,324	$	1,273	$	—	$	(1,273)	$	11,324
Net Income (Loss) Attributable to Hess Corporation	$	2,396	$	269	$	(569)	$	—	$	2,096
Interest Expense	—		150		343		—		493
Depreciation, Depletion and Amortization	1,520		181		2		—		1,703
Impairment and Other	54		—		—		—		54
Provision (Benefit) for Income Taxes	1,072		27		—		—		1,099
Investment in Affiliates	88		94		1		—		183
Identifiable Assets	15,022		3,775		2,898		—		21,695
Capital Expenditures	2,589		232		—		—		2,821
2021
Sales and Other Operating Revenues – Third parties	$	7,473	$	—	$	—	$	—	$	7,473
Intersegment Revenues	—		1,204		—		(1,204)		—
Sales and Other Operating Revenues	$	7,473	$	1,204	$	—	$	(1,204)	$	7,473
Net Income (Loss) Attributable to Hess Corporation	$	770	$	286	$	(497)	$	—	$	559
Interest Expense	—		105		376		—		481
Depreciation, Depletion and Amortization	1,361		166		1		—		1,528
Impairment and Other	147		—		—		—		147
Provision (Benefit) for Income Taxes	585		15		—		—		600
Investment in Affiliates	94		102		1		—		197
Identifiable Assets	14,173		3,671		2,671		—		20,515
Capital Expenditures	1,698		183		—		—		1,881
2020
Sales and Other Operating Revenues – Third parties	$	4,667	$	—	$	—	$	—	$	4,667
Intersegment Revenues	—		1,092		—		(1,092)		—
Sales and Other Operating Revenues	$	4,667	$	1,092	$	—	$	(1,092)	$	4,667
Net Income (Loss) Attributable to Hess Corporation	$	(2,841)	$	230	$	(482)	$	—	$	(3,093)
Interest Expense	—		95		373		—		468
Depreciation, Depletion and Amortization	1,915		157		2		—		2,074
Impairment and Other	2,126		—		—		—		2,126
Provision (Benefit) for Income Taxes	(12)		7		(6)		—		(11)
Capital Expenditures	1,678		253		—		—		1,931

Corporate, Interest and Other had interest income of $32 million in 2022 (2021: $1 million, 2020: $5 million) which is included in Other, net in the Statement of Consolidated Income.

Financial Information by Major Geographic Area

The following table presents financial information by major geographic area:

	United States		Guyana		Malaysia and JDA		Other (a)		Corporate, Interest and other		Total
	(In millions)
2022
Sales and Other Operating Revenues	$	7,214	$	2,636	$	873	$	601	$	—	$	11,324
Property, Plant and Equipment (Net) (b)	9,937		4,042		1,065		46		8		15,098
2021
Sales and Other Operating Revenues	$	5,378	$	754	$	738	$	603	$	—	$	7,473
Property, Plant and Equipment (Net) (b)	9,721		3,064		1,035		352		10		14,182
2020
Sales and Other Operating Revenues	$	3,604	$	350	$	511	$	202	$	—	$	4,667

(a)Other includes our interests in Libya (sold in November 2022), Denmark (sold in August 2021), Suriname and Canada.

(b)Property, plant and equipment in the United States in 2022 includes $6,764 million (2021: $6,596 million) attributable to the E&P segment and $3,173 million (2021: $3,125 million) attributable to the Midstream segment