Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

12.  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:

	Exploration and Production		Midstream		Corporate, Interest and Other		Eliminations		Total
	(In millions)
For the Three Months Ended June 30, 2022
Sales and Other Operating Revenues - Third parties	$	2,955	$	—	$	—	$	—	$	2,955
Intersegment Revenues	—		314		—		(314)		—
Sales and Other Operating Revenues	$	2,955	$	314	$	—	$	(314)	$	2,955
Net Income (Loss) attributable to Hess Corporation	$	723	$	65	$	(121)	$	—	$	667
Depreciation, Depletion and Amortization	345		44		2		—		391
Provision (Benefit) for Income Taxes	321		7		—		—		328
Capital Expenditures	593		72		—		—		665
For the Three Months Ended June 30, 2021
Sales and Other Operating Revenues - Third parties	$	1,579	$	—	$	—	$	—	$	1,579
Intersegment Revenues	—		294		—		(294)		—
Sales and Other Operating Revenues	$	1,579	$	294	$	—	$	(294)	$	1,579
Net Income (Loss) attributable to Hess Corporation	$	(25)	$	76	$	(124)	$	—	$	(73)
Depreciation, Depletion and Amortization	344		41		—		—		385
Impairment and other	147		—		—		—		147
Provision (Benefit) for Income Taxes	119		3		—		—		122
Capital Expenditures	396		47		—		—		443
For the Six Months Ended June 30, 2022
Sales and Other Operating Revenues - Third parties	$	5,268	$	—	$	—	$	—	$	5,268
Intersegment Revenues	—		626		—		(626)		—
Sales and Other Operating Revenues	$	5,268	$	626	$	—	$	(626)	$	5,268
Net Income (Loss) attributable to Hess Corporation	$	1,183	$	137	$	(236)	$	—	$	1,084
Depreciation, Depletion and Amortization	637		89		2		—		728
Provision (Benefit) for Income Taxes	513		12		—		—		525
Capital Expenditures	1,136		109		—		—		1,245
For the Six Months Ended June 30, 2021
Sales and Other Operating Revenues - Third parties	$	3,477	$	—	$	—	$	—	$	3,477
Intersegment Revenues	—		583		—		(583)		—
Sales and Other Operating Revenues	$	3,477	$	583	$	—	$	(583)	$	3,477
Net Income (Loss) attributable to Hess Corporation	$	283	$	151	$	(255)	$	—	$	179
Depreciation, Depletion and Amortization	699		81		1		—		781
Impairment and other	147		—		—		—		147
Provision (Benefit) for Income Taxes	239		6		—		—		245
Capital Expenditures	676		70		—		—		746

Identifiable assets by operating segment were as follows:

	June 30, 2022		December 31, 2021
	(In millions)
Exploration and Production	$	14,886	$	14,173
Midstream	3,755		3,671
Corporate, Interest and Other	2,539		2,671
Total	$	21,180	$	20,515