Segment Information

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Information

13. Segment Information

The Corporation is an E&P company that develops, produces, purchases, transports and sells crude oil and natural gas. The Corporation also purchases, markets and trades refined petroleum products, natural gas and electricity through its downstream businesses. In the first quarter of 2013, the Corporation announced plans to divest the downstream businesses, which were previously included in the Marketing and Refining operating segment. Accordingly, the results of operations for the downstream businesses have been classified as discontinued operations. With this change the Corporation now has one operating segment, Exploration and Production, and a Corporate and Other segment, which is primarily comprised of corporate and interest expenses.

The Corporation’s results by operating segment were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(In millions)
Operating revenues: Exploration and Production	$	2,706		$	3,072		$	9,183		$	9,292
Net income (loss) attributable to Hess Corporation:
Exploration and Production	$	455		$	608		$	3,274		$	1,887
Corporate and Other		(89	)		(104	)		(312	)		(313	)
Continuing operations		366			504			2,962			1,574
Discontinued operations - Downstream businesses		54			53			165			77
Total	$	420		$	557		$	3,127		$	1,651
Identifiable assets by operating segment were as follows:
							September 30, 2013			December 31, 2012
							(In millions)
Exploration and Production							$	37,059		$	37,687
Corporate and Other								707			813
Continuing operations								37,766			38,500
Discontinued operations - Downstream businesses								4,130			4,941
Total							$	41,896		$	43,441