Outstanding and Weighted Average Common Shares (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Net Income (Loss) & Weighted Average Number of Common Shares Used in Computation of Basic & Diluted Earnings Per Share

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

	2023		2022		2021
	(In millions except per share amounts)
Net Income Attributable to Hess Corporation:
Net income	$	1,738	$	2,447	$	890
Less: Net income attributable to noncontrolling interests	356		351		331
Net income attributable to Hess Corporation	$	1,382	$	2,096	$	559
Weighted Average Number of Common Shares Outstanding:
Basic	305.9		308.1		307.4
Effect of dilutive securities
Restricted common stock	0.5		0.7		0.7
Stock options	0.7		0.6		0.4
Performance share units	0.5		0.2		0.8
Diluted	307.6		309.6		309.3
Net Income Attributable to Hess Corporation per Common Share:
Basic	$	4.52	$	6.80	$	1.82
Diluted	$	4.49	$	6.77	$	1.81
Antidilutive shares excluded from the computation of diluted shares:
Restricted common stock	—		—		—
Stock options	0.2		0.2		0.7
Performance share units	—		—		—

Changes in Outstanding Common Shares

The following table provides the changes in our outstanding common shares:

	2023	2022	2021
	(In millions)
Balance at January 1	306.2	309.7	307.0
Activity related to restricted stock awards, net	0.4	0.5	0.7
Stock options exercised	0.2	0.9	1.5
PSUs vested	0.4	0.5	0.5
Shares repurchased	—	(5.4)	—
Balance at December 31	307.2	306.2	309.7