Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

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 September 30, 2024
Sales and other operating revenues	$	3,183	$	8	$	—	$	—	$	3,191
Intersegment revenues	—		371		—		(371)		—
Total sales and other operating revenues	$	3,183	$	379	$	—	$	(371)	$	3,191
Net income (loss) attributable to Hess Corporation	$	489	$	69	$	(60)	$	—	$	498
Depreciation, depletion and amortization	585		52		1		—		638
Impairment	132		—		—		—		132
Provision for income taxes	251		19		—		—		270
Capital expenditures	1,070		96		—		—		1,166
For the Three Months Ended September 30, 2023
Sales and other operating revenues	$	2,798	$	2	$	—	$	—	$	2,800
Intersegment revenues	—		361		—		(361)		—
Total sales and other operating revenues	$	2,798	$	363	$	—	$	(361)	$	2,800
Net income (loss) attributable to Hess Corporation	$	529	$	66	$	(91)	$	—	$	504
Depreciation, depletion and amortization	451		48		—		—		499
Provision for income taxes	203		12		—		—		215
Capital expenditures	948		65		—		—		1,013
For the Nine Months Ended September 30, 2024
Sales and other operating revenues	$	9,681	$	21	$	—	$	—	$	9,702
Intersegment revenues	—		1,079		—		(1,079)		—
Total sales and other operating revenues	$	9,681	$	1,100	$	—	$	(1,079)	$	9,702
Net income (loss) attributable to Hess Corporation	$	2,251	$	202	$	(226)	$	—	$	2,227
Depreciation, depletion and amortization	1,642		152		1		—		1,795
Impairment	132		—		—		—		132
Provision for income taxes	865		49		—		—		914
Capital expenditures	3,078		204		—		—		3,282
For the Nine Months Ended September 30, 2023
Sales and other operating revenues	$	7,494	$	6	$	—	$	—	$	7,500
Intersegment revenues	—		986		—		(986)		—
Total sales and other operating revenues	$	7,494	$	992	$	—	$	(986)	$	7,500
Net income (loss) attributable to Hess Corporation	$	1,089	$	189	$	(309)	$	—	$	969
Depreciation, depletion and amortization	1,344		142		1		—		1,487
Impairment	82		—		—		—		82
Provision for income taxes	525		26		—		—		551
Capital expenditures	2,587		174		—		—		2,761

Corporate, Interest and Other had interest income of $17 million and $52 million for the three and nine months ended September 30, 2024, respectively, compared to $21 million and $62 million for the three and nine months ended September 30, 2023, respectively. Interest income is included in Other, net in the Statement of Consolidated Income.

Identifiable assets by operating segment were as follows:

	September 30, 2024		December 31, 2023
	(In millions)
Exploration and Production	$	19,571	$	17,931
Midstream	4,347		3,984
Corporate, Interest and Other	2,315		2,092
Total	$	26,233	$	24,007