Segment Information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

10.  Segment Information

We currently have two operating segments, Exploration and Production and Midstream.  All unallocated costs are reflected under Corporate, Interest and Other.  The following table presents operating segment financial data:

	Exploration and Production		Midstream		Corporate, Interest and Other		Eliminations		Total
	(In millions)
For the Three Months Ended March 31, 2023
Sales and Other Operating Revenues	$	2,409	$	2	$	—	$	—	$	2,411
Intersegment Revenues	—		303		—		(303)		—
Sales and Other Operating Revenues	$	2,409	$	305	$	—	$	(303)	$	2,411
Net Income (Loss) attributable to Hess Corporation	$	405	$	61	$	(120)	$	—	$	346
Depreciation, Depletion and Amortization	443		47		1		—		491
Provision for Income Taxes	170		6		—		—		176
Capital Expenditures	735		57		—		—		792
For the Three Months Ended March 31, 2022
Sales and Other Operating Revenues	$	2,313	$	—	$	—	$	—	$	2,313
Intersegment Revenues	—		312		—		(312)		—
Sales and Other Operating Revenues	$	2,313	$	312	$	—	$	(312)	$	2,313
Net Income (Loss) attributable to Hess Corporation	$	460	$	72	$	(115)	$	—	$	417
Depreciation, Depletion and Amortization	292		45		—		—		337
Provision for Income Taxes	192		5		—		—		197
Capital Expenditures	543		37		—		—		580

Corporate, Interest and Other had interest income of $20 million in the first quarter of 2023 (2022 Q1: $0 million) which is included in Other, net in the Statement of Consolidated Income.

Identifiable assets by operating segment were as follows:

	March 31, 2023		December 31, 2022
	(In millions)
Exploration and Production	$	15,497	$	15,022
Midstream	3,780		3,775
Corporate, Interest and Other	2,661		2,898
Total	$	21,938	$	21,695