Weighted Average Common Shares (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Net Income and Weighted Average Number of Common Shares Used in Basic and Diluted Earnings Per Share Computations

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

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013			2012		2013		2012
	(In millions, except per share amounts)
Income from continuing operations, net of income taxes	$	366		$	510	$	3,138	$	1,589
Less: Net income attributable to noncontrolling interests		—			6		176		15
Net income from continuing operations attributable to Hess Corporation		366			504		2,962		1,574
Income from discontinued operations, net of income taxes		52			82		169		98
Less: Net income (loss) attributable to noncontrolling interests		(2	)		29		4		21
Net income from discontinued operations attributable to Hess Corporation		54			53		165		77
Net income attributable to Hess Corporation	$	420		$	557	$	3,127	$	1,651
Weighted average common shares outstanding:
Basic		339.0			338.6		339.3		338.3
Effect of dilutive securities:
Restricted common stock		1.4			1.0		1.3		1.1
Stock options		1.8			0.4		1.6		0.9
Performance share units		1.1			—		1.1		—
Diluted		343.3			340.0		343.3		340.3
Net income attributable to Hess Corporation per share:
Basic:
Continuing operations	$	1.08		$	1.49	$	8.73	$	4.65
Discontinued operations		0.16			0.16		0.49		0.23
Net income per share	$	1.24		$	1.65	$	9.22	$	4.88
Diluted:
Continuing operations	$	1.07		$	1.48	$	8.63	$	4.63
Discontinued operations		0.16			0.16		0.48		0.22
Net income per share	$	1.23		$	1.64	$	9.11	$	4.85