Outstanding and Weighted Average Common Shares (Tables)

12 Months Ended

Dec. 31, 2012

Changes in Corporation's Outstanding Common Shares

The following table provides the changes in the Corporation’s outstanding common shares:

	2012		2011		2010
	(In millions)
Balance at January 1		340.0		337.7		327.2
Activity related to restricted common stock awards, net		1.3		0.6		0.8
Stock options		0.2		1.7		1.1
Issued for an acquisition *		—		—		8.6
Balance at December 31		341.5		340.0		337.7

* See Note 3, Acquisitions in the notes to the Consolidated Financial Statements.

Basic and Diluted Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share:

	2012		2011		2010
	(In millions, except per share amounts)
Net income attributable to Hess Corporation	$	2,025	$	1,703	$	2,125
Weighted average common shares:
Basic		338.4		336.9		326.0
Effect of dilutive securities
Stock options		0.8		1.6		0.8
Restricted common stock		1.1		1.4		1.5
Diluted		340.3		339.9		328.3
Net income per share:
Basic	$	5.98	$	5.05	$	6.52
Diluted	$	5.95	$	5.01	$	6.47