Segment Information

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Information

8.  Segment Information

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

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

For the Three Months Ended March 31, 2017	Exploration and Production			Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	1,275		$	2	$	—		$	—		$	1,277
Intersegment Revenues		—			147		—			(147	)		—
Operating Revenues	$	1,275		$	149	$	—		$	(147	)	$	1,277
Net Income (Loss) attributable to Hess Corporation	$	(233	)	$	18	$	(109	)	$	—		$	(324	)
Depreciation, Depletion and Amortization		703			32		2			—			737
Provision (Benefit) for Income Taxes (a)		(20	)		11		(4	)		—			(13	)
Capital Expenditures		342			28		—			—			370
For the Three Months Ended March 31, 2016	Exploration and Production			Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	971		$	2	$	—		$	—		$	973
Intersegment Revenues		—			133		—			(133	)		—
Operating Revenues	$	971		$	135	$	—		$	(133	)	$	973
Net Income (Loss) attributable to Hess Corporation	$	(453	)	$	16	$	(72	)	$	—		$	(509	)
Depreciation, Depletion and Amortization		837			28		3			—			868
Provision (Benefit) for Income Taxes		(315	)		9		(40	)		—			(346	)
Capital Expenditures		504			36		—			—			540

(a) The provision for income taxes in the Midstream segment is presented before consolidating its operations with other U.S. activities of the Company and prior to evaluating realizability of net U.S. deferred taxes.  An offsetting impact is presented in the E&P segment.

Identifiable assets by operating segment were as follows:

	March 31,		December 31,
	2017		2016
	(In millions)
Exploration and Production	$	22,481	$	22,856
Midstream		3,166		3,165
Corporate, Interest and Other		2,453		2,600
Total	$	28,100	$	28,621