Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Financial Data by Operating Segment

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 March 31, 2024
Sales and other operating revenues	$	3,303	$	6	$	—	$	—	$	3,309
Intersegment revenues	—		350		—		(350)		—
Total sales and other operating revenues	$	3,303	$	356	$	—	$	(350)	$	3,309
Net income (loss) attributable to Hess Corporation	$	997	$	67	$	(92)	$	—	$	972
Depreciation, depletion and amortization	507		50		—		—		557
Provision for income taxes	334		14		—		—		348
Capital expenditures	888		35		—		—		923
For the Three Months Ended March 31, 2023
Sales and other operating revenues	$	2,409	$	2	$	—	$	—	$	2,411
Intersegment revenues	—		303		—		(303)		—
Total sales and other operating revenues	$	2,409	$	305	$	—	$	(303)	$	2,411
Net income (loss) attributable to Hess Corporation	$	405	$	61	$	(120)	$	—	$	346
Depreciation, depletion and amortization	443		47		1		—		491
Provision for income taxes	170		6		—		—		176
Capital expenditures	735		57		—		—		792

Corporate, Interest and Other had interest income of $17 million for the three months ended March 31, 2024 (2023: $20 million) which is included in Other, net in the Statement of Consolidated Income.

Identifiable assets by operating segment were as follows:

	March 31, 2024		December 31, 2023
	(In millions)
Exploration and Production	$	18,826	$	17,931
Midstream	4,055		3,984
Corporate, Interest and Other	1,838		2,092
Total	$	24,719	$	24,007