Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Financial Data by Operating Segment

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