XML 65 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Financial Data by Operating Segment for Continuing Operations

The following table presents operating segment financial data for continuing operations

 

 

  

Exploration
and
Production

 

  

Corporate,
Interest
and Other

 

 

Total

 

 

  

(In millions)

 

2014

  

 

 

 

  

 

 

 

 

 

 

 

Operating revenues

  

$

10,737

 

  

$

 

 

$

10,737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations attributable to Hess Corporation

  

$

2,098

 

  

$

(406

 

$

1,692

 

Interest expense

  

$

 

  

$

323

 

 

$

323

 

Depreciation, depletion and amortization

  

 

3,210

 

  

 

14

 

 

 

3,224

 

Provision (benefit) for income taxes

  

 

996

 

  

 

(252

)

 

 

744

 

Investments in affiliates

  

 

151

 

  

 

 

 

 

151

 

Identifiable assets

  

 

36,512

 

  

 

908

 

 

 

37,420

 

Capital expenditures

  

 

5,221

 

  

 

53

 

 

 

5,274

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

  

 

 

 

  

 

 

 

 

 

 

 

Operating revenues

  

$

11,905

 

  

$

 

 

$

11,905

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (loss) from continuing operations attributable to Hess Corporation

  

$

4,303

 

  

$

(443

 

$

3,860

 

Interest expense

  

$

 

  

$

406

 

 

$

406

 

Depreciation, depletion and amortization

  

 

2,671

 

  

 

16

 

 

 

2,687

 

Asset impairments

  

 

289

 

  

 

 

 

 

289

 

Provision (benefit) for income taxes

  

 

831

 

  

 

(266

 

 

565

 

Investments in affiliates

  

 

109

 

  

 

397

 

 

 

506

 

Identifiable assets

  

 

37,863

 

  

 

1,352

 

 

 

39,215

 

Capital expenditures

  

 

5,709

 

  

 

58

 

 

 

5,767

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

  

 

 

 

  

 

 

 

 

 

 

 

Operating revenues

  

$

12,245

 

  

$

 

 

$

12,245

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations attributable to Hess Corporation

  

$

2,212

 

  

$

(422

 

$

1,790

 

Interest expense

  

$

 

  

$

419

 

 

$

419

 

Depreciation, depletion and amortization

  

 

2,853

 

  

 

13

 

 

 

2,866

 

Asset impairments

  

 

582

 

  

 

 

 

 

582

 

Provision (benefit) for income taxes

  

 

1,793

 

  

 

(264

 

 

1,529

 

Investments in affiliates

  

 

75

 

  

 

198

 

 

 

273

 

Identifiable assets

  

 

37,687

 

  

 

813

 

 

 

38,500

 

Capital expenditures

  

 

7,676

 

  

 

6

 

 

 

7,682

 

 

Financial Information by Major Geographic Area

The following table presents financial information by major geographic area:

 

 

United

States

 

 

Europe

 

 

Africa

 

 

Asia and

Other

Countries

 

 

Corporate,

Interest

and Other

 

 

Total

 

 

 

(In millions)

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

6,270

 

 

$

1,557

 

 

$

2,002

 

 

$

908

 

 

$

 

 

$

10,737

 

Net income (loss) from continuing operations attributable to Hess Corporation

 

 

656

 

 

 

226

 

 

 

545

 

 

 

671

 

 

 

(406

)

 

 

1,692

 

Depreciation, depletion and amortization

 

 

1,751

 

 

 

683

 

 

 

487

 

 

 

289

 

 

 

14

 

 

 

3,224

 

Provision (benefit) for income taxes

 

 

446

 

 

 

91

 

 

 

435

 

 

 

24

 

 

 

(252

)

 

 

744

 

Identifiable assets

 

 

18,472

 

 

 

7,800

 

 

 

3,049

 

 

 

7,191

 

 

 

908

 

 

 

37,420

 

Property, plant and equipment (net) (a)

 

 

15,595

 

 

 

6,339

 

 

 

2,235

 

 

 

3,232

 

 

 

116

 

 

 

27,517

 

Capital expenditures

 

 

3,467

 

 

 

524

 

 

 

399

 

 

 

831

 

 

 

53

 

 

 

5,274

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

6,076

 

 

$

1,337

 

 

$

2,736

 

 

$

1,756

 

 

$

 

 

$

11,905

 

Net income (loss) from continuing operations attributable to Hess Corporation

 

 

777

 

 

 

2,051

 

 

 

594

 

 

 

881

 

 

 

(443

)

 

 

3,860

 

Depreciation, depletion and amortization

 

 

1,393

 

 

 

484

 

 

 

518

 

 

 

276

 

 

 

16

 

 

 

2,687

 

Asset impairments

 

 

 

 

 

 

 

 

 

 

 

289

 

 

 

 

 

 

289

 

Provision (benefit) for income taxes

 

 

495

 

 

 

(646

)

 

 

767

 

 

 

215

 

 

 

(266

)

 

 

565

 

Identifiable assets

 

 

18,617

 

 

 

9,032

 

 

 

3,198

 

 

 

7,016

 

 

 

1,352

 

 

 

39,215

 

Property, plant and equipment (net) (a)

 

 

14,873

 

 

 

7,475

 

 

 

2,310

 

 

 

2,899

 

 

 

193

 

 

 

27,750

 

Capital expenditures

 

 

3,613

 

 

 

689

 

 

 

578

 

 

 

829

 

 

 

58

 

 

 

5,767

 

2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

 

$

5,294

 

 

$

2,530

 

 

$

2,484

 

 

$

1,937

 

 

$

 

 

$

12,245

 

Net income (loss) from continuing operations attributable to Hess Corporation

 

 

438

 

 

 

1,010

 

 

 

602

 

 

 

162

 

 

 

(422

)

 

 

1,790

 

Depreciation, depletion and amortization

 

 

1,406

 

 

 

466

 

 

 

529

 

 

 

452

 

 

 

13

 

 

 

2,866

 

Asset impairments

 

 

432

 

 

 

119

 

 

 

 

 

 

31

 

 

 

 

 

 

582

 

Provision (benefit) for income taxes

 

 

267

 

 

 

376

 

 

 

905

 

 

 

245

 

 

 

(264

)

 

 

1,529

 

Identifiable assets

 

 

16,403

 

 

 

8,957

 

 

 

3,811

 

 

 

8,516

 

 

 

813

 

 

 

38,500

 

Property, plant and equipment (net) (a)

 

 

12,893

 

 

 

8,172

 

 

 

2,516

 

 

 

3,875

 

 

 

86

 

 

 

27,542

 

Capital expenditures

 

 

4,620

 

 

 

1,330

 

 

 

733

 

 

 

993

 

 

 

6

 

 

 

7,682

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Of the total Europe, Property, plant and equipment (net), Norway represented $5,246 million, $6,348 million and $6,426 million in 2014, 2013, and 2012, respectively.