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Segment Information
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information

9.  Segment Information

We currently have two operating segments, Exploration and Production and Bakken Midstream.  All unallocated costs are reflected under Corporate, Interest and Other.

The following table presents operating segment financial data for continuing operations (in millions):

For the Three Months Ended March 31, 2016

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

973

 

 

$

 

 

$

 

 

$

 

 

$

973

 

Intersegment Revenues

 

 

 

 

 

119

 

 

 

 

 

 

(119

)

 

 

 

Operating Revenues

 

$

973

 

 

$

119

 

 

$

 

 

$

(119

)

 

$

973

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) from Continuing Operations Attributable to Hess Corporation

 

$

(451

)

 

$

14

 

 

$

(72

)

 

$

 

 

$

(509

)

Depreciation, Depletion and Amortization

 

 

842

 

 

 

23

 

 

 

3

 

 

 

 

 

 

868

 

Provision (Benefit) for Income Taxes

 

 

(314

)

 

 

8

 

 

 

(40

)

 

 

 

 

 

(346

)

Capital Expenditures

 

 

505

 

 

 

35

 

 

 

 

 

 

 

 

 

540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31, 2015

 

Exploration and Production

 

 

Bakken Midstream

 

 

Corporate, Interest and Other

 

 

Eliminations

 

 

Total

 

Operating Revenues - Third parties

 

$

1,538

 

 

$

 

 

$

 

 

$

 

 

$

1,538

 

Intersegment Revenues

 

 

 

 

 

130

 

 

 

 

 

 

(130

)

 

 

 

Operating Revenues

 

$

1,538

 

 

$

130

 

 

$

 

 

$

(130

)

 

$

1,538

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income (Loss) from Continuing Operations Attributable to Hess Corporation

 

$

(314

)

 

$

27

 

 

$

(89

)

 

$

 

 

$

(376

)

Depreciation, Depletion and Amortization

 

 

932

 

 

 

21

 

 

 

3

 

 

 

 

 

 

956

 

Provision (Benefit) for Income Taxes

 

 

(311

)

 

 

16

 

 

 

(56

)

 

 

 

 

 

(351

)

Capital Expenditures

 

 

1,197

 

 

 

40

 

 

 

 

 

 

 

 

 

1,237

 

 

Identifiable assets by operating segment were as follows:

 

 

March 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(In millions)

 

Exploration and Production

 

$

28,827

 

 

$

28,863

 

Bakken Midstream

 

 

2,780

 

 

 

2,754

 

Corporate, Interest and Other

 

 

3,201

 

 

 

2,540

 

Total

 

$

34,808

 

 

$

34,157