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Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Financial Data and Identifiable Assets by Operating Segment

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