Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Information

22.  Segment Information

We currently have two operating segments, Exploration and Production and Bakken Midstream. The Exploration and Production operating segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas with production operations primarily in the United States (U.S.), Denmark, Equatorial Guinea, the JDA, Malaysia, and Norway. The Bakken Midstream operating segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. All unallocated costs are reflected under Corporate, Interest and Other.

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

2016	Exploration and Production			Bakken Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	4,762		$	—	$	—		$	—		$	4,762
Intersegment Revenues		—			510		—			(510	)		—
Operating Revenues	$	4,762		$	510	$	—		$	(510	)	$	4,762
Net Income (Loss) from Continuing Operations Attributable to Hess Corporation	$	(4,963	)	$	41	$	(1,210	)	$	—		$	(6,132	)
Interest Expense		—			19		319			—			338
Depreciation, Depletion and Amortization		3,132			102		10			—			3,244
Impairment		—			67		—			—			67
Provision (Benefit) for Income Taxes		1,588			25		609			—			2,222
Investment in Affiliates		146			—		—			—			146
Identifiable Assets		23,102			2,919		2,600			—			28,621
Capital Expenditures		1,645			276		—			—			1,921
2015	Exploration and Production			Bakken Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	6,636		$	—	$	—		$	—		$	6,636
Intersegment Revenues		—			564		—			(564	)		—
Operating Revenues	$	6,636		$	564	$	—		$	(564	)	$	6,636
Net Income (Loss) from Continuing Operations Attributable to Hess Corporation	$	(2,717	)	$	86	$	(377	)	$	—		$	(3,008	)
Interest Expense		—			10		331			—			341
Depreciation, Depletion and Amortization		3,852			88		15			—			3,955
Impairment		1,616			—		—			—			1,616
Provision (Benefit) for Income Taxes		(1,111	)		52		(240	)		—			(1,299	)
Investment in Affiliates		154			—		—			—			154
Identifiable Assets		28,863			2,754		2,540			—			34,157
Capital Expenditures		3,753			296		—			—			4,049

2014	Exploration and Production		Bakken Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	10,737	$	—	$	—		$	—		$	10,737
Intersegment Revenues		—		319		—			(319	)		—
Operating Revenues	$	10,737	$	319	$	—		$	(319	)	$	10,737
Net Income (Loss) from Continuing Operations Attributable to Hess Corporation	$	2,086	$	10	$	(404	)	$	—		$	1,692
Interest Expense		—		2		321			—			323
Depreciation, Depletion and Amortization		3,140		70		14			—			3,224
Provision (Benefit) for Income Taxes		989		7		(252	)		—			744
Capital Expenditures		4,920		301		53			—			5,274

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)
2016
Operating revenues	$	3,085		$	610		$	601		$	466		$	—		$	4,762
Net income (loss) from continuing operations attributable to Hess Corporation		(2,353	)		(439	)		(355	)		(1,775	)		(1,210	)		(6,132	)
Depreciation, depletion and amortization		2,133			502			375			224			10			3,244
Impairment		67			—			—			—			—			67
Provision (benefit) for income taxes		411			243			244			715			609			2,222
Identifiable assets		16,096			5,180			1,507			3,238			2,600			28,621
Property, plant and equipment (net) (a)		14,596			4,907			1,266			2,779			47			23,595
Capital expenditures		1,400			59			10			452			—			1,921
2015
Operating revenues	$	4,150		$	870		$	945		$	671		$	—		$	6,636
Net income (loss) from continuing operations attributable to Hess Corporation		(1,834	)		(408	)		(274	)		(115	)		(377	)		(3,008	)
Depreciation, depletion and amortization		2,449			635			539			317			15			3,955
Impairment		986			279			100			251			—			1,616
Provision (benefit) for income taxes		(522	)		(84	)		(48	)		(405	)		(240	)		(1,299	)
Identifiable assets		18,365			6,207			2,178			4,867			2,540			34,157
Property, plant and equipment (net) (a)		15,729			5,300			1,682			3,520			121			26,352
Capital expenditures		2,727			297			160			865			—			4,049
2014
Operating revenues	$	6,270		$	1,557		$	2,002		$	908		$	—		$	10,737
Net income (loss) from continuing operations attributable to Hess Corporation		654			226			545			671			(404	)		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
Capital expenditures		3,467			524			399			831			53			5,274

(a) Of the total Europe, Property, plant and equipment (net), Norway represented $3,893 million in 2016 (2015: $4,108 million).