Hess 2014 Annual Report Download - page 92

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77
HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
77
19. Segment Information
The Corporation has substantially completed its transition to a pure play E&P company. The results of operations for its retail,
energy marketing, terminal and refining businesses as well as the energy trading joint venture, HETCO, have been classified as
discontinued operations. The Corporation currently has one operating segment, Exploration and Production, and other unallocated
costs reflected under Corporate, Interest and Other. The following table presents operating segment financial data for continuing
operations:
Exploration
and
Production
Corporate,
Interest
and Other Total
(In millions)
2014
Operating revenues ...................................................................................................................... $ 10,737 $ — $ 10,737
N
et income (loss) from continuing operations attributable to Hess Corporation ......................... $ 2,098 $ (406) $ 1,692
Interest expense .............................................................................................................. .............. $ — $ 323 $ 323
Depreciation, depletion and amortization .................................................................................... 3,210 14 3,224
Provision (benefit) for income taxes ............................................................................................ 996 (252) 744
Investments in affiliates ............................................................................................................... 151 — 151
Identifiable assets ........................................................................................................................ 36,512 908 37,420
Capital expenditures ..................................................................................................................... 5,221 53 5,274
2013
Operating revenues ...................................................................................................................... $ 11,905 $ — $ 11,905
N
et Income (loss) from continuing operations attributable to Hess Corporation ......................... $ 4,303 $ (443) $ 3,860
Interest expense .............................................................................................................. .............. $ — $ 406 $ 406
Depreciation, depletion and amortization .................................................................................... 2,671 16 2,687
Asset impairments ............................................................................................................. ........... 289 — 289
Provision (benefit) for income taxes ............................................................................................ 831 (266) 565
Investments in affiliates ............................................................................................................... 109 397 506
Identifiable assets ........................................................................................................................ 37,863 1,352 39,215
Capital expenditures ..................................................................................................................... 5,709 58 5,767
2012
Operating revenues ...................................................................................................................... $ 12,245 $ — $ 12,245
N
et income (loss) from continuing operations attributable to Hess Corporation ......................... $ 2,212 $ (422) $ 1,790
Interest expense .............................................................................................................. .............. $ — $ 419 $ 419
Depreciation, depletion and amortization .................................................................................... 2,853 13 2,866
Asset impairments ............................................................................................................. ........... 582 — 582
Provision (benefit) for income taxes ............................................................................................ 1,793 (264) 1,529
Investments in affiliates ............................................................................................................... 75 198 273
Identifiable assets ........................................................................................................................ 37,687 813 38,500
Capital expenditures ..................................................................................................................... 7,676 6 7,682