Hess (HES) 10-Q8 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2014
Document And Entity Information [Abstract]	'
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	31-Mar-14
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q1
Trading Symbol	'HES
Entity Registrant Name	'HESS CORP
Entity Central Index Key	'0000004447
Current Fiscal Year End Date	'--12-31
Entity Filer Category	'Large Accelerated Filer
Entity Common Stock, Shares Outstanding	314,208,324

Consolidated_Balance_Sheet

Consolidated Balance Sheet (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash and cash equivalents	$1,288	$1,814
Accounts receivable	'	'
Trade	2,808	3,093
Other	417	432
Inventories	1,055	954
Assets held for sale	366	1,097
Other current assets	1,114	1,209
Total current assets	7,048	8,599
INVESTMENTS IN AFFILIATES	485	687
PROPERTY, PLANT AND EQUIPMENT	'	'
Total - at cost	47,057	45,950
Less: Reserves for depreciation, depletion, amortization and lease impairment	17,891	17,179
Property, plant and equipment - net	29,166	28,771
GOODWILL	1,984	1,869
DEFERRED INCOME TAXES	2,207	2,319
OTHER ASSETS	534	509
TOTAL ASSETS	41,424	42,754
CURRENT LIABILITIES	'	'
Accounts payable	2,067	2,109
Accrued liabilities	3,001	3,265
Taxes payable	578	520
Liabilities associated with assets held for sale	193	286
Short-term debt and current maturities of long-term debt	142	378
Total current liabilities	5,981	6,558
LONG-TERM DEBT	5,434	5,420
DEFERRED INCOME TAXES	2,469	2,292
ASSET RETIREMENT OBLIGATIONS	2,198	2,249
OTHER LIABILITIES AND DEFERRED CREDITS	1,100	1,451
Total liabilities	17,182	17,970
Hess Corporation stockholders' equity	'	'
Common stock, par value $1.00 Authorized - 600,000,000 shares Issued - 314,208,324 shares at March 31, 2014; 325,314,177 shares at December 31, 2013	314	325
Capital in excess of par value	3,413	3,498
Retained earnings	20,693	21,235
Accumulated other comprehensive income (loss)	-276	-338
Total Hess Corporation stockholders' equity	24,144	24,720
Noncontrolling interests	98	64
Total equity	24,242	24,784
TOTAL LIABILITIES AND EQUITY	$41,424	$42,754

Consolidated_Balance_Sheet_Par

Consolidated Balance Sheet (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]	'	'
Common stock, par value	$1	$1
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	314,208,324	325,314,177

Statement_of_Consolidated_Inco

Statement of Consolidated Income (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
REVENUES AND NON-OPERATING INCOME	'	'
Sales and other operating revenues	$5,554	$6,106
Gains on asset sales, net	10	688
Other, net	-58	-34
Total revenues and non-operating income	5,506	6,760
COSTS AND EXPENSES	'	'
Cost of products sold (excluding items shown separately below)	2,922	3,054
Operating costs and expenses	466	585
Production and severance taxes	62	130
Marketing expenses	293	225
Exploration expenses, including dry holes and lease impairment	119	219
General and administrative expenses	153	158
Interest expense	81	106
Depreciation, depletion and amortization	752	689
Total costs and expenses	4,848	5,166
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	658	1,594
Provision for income taxes	248	451
INCOME FROM CONTINUING OPERATIONS	410	1,143
Income from discontinued operations, net of income taxes	11	130
NET INCOME	421	1,273
Less: Net income (loss) attributable to noncontrolling interests	35	-3
NET INCOME ATTRIBUTABLE TO HESS CORPORATION	$386	$1,276
NET INCOME ATTRIBUTABLE TO HESS CORPORATION PER SHARE BASIC:	'	'
Continuing operations	$1.17	$3.38
Discontinued operations	$0.04	$0.38
NET INCOME PER SHARE	$1.21	$3.76
DILUTED:	'	'
Continuing operations	$1.16	$3.34
Discontinued operations	$0.04	$0.38
NET INCOME PER SHARE	$1.20	$3.72
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (DILUTED)	322.6	342.6
COMMON STOCK DIVIDENDS PER SHARE	$0.25	$0.10

Statement_of_Consolidated_Comp

Statement of Consolidated Comprehensive Income (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Statement Of Income And Comprehensive Income [Abstract]	'	'
NET INCOME	$421	$1,273
Derivatives designated as cash flow hedges	'	'
Effect of hedge (gains) losses reclassified to income	-5	4
Income taxes on effect of hedge (gains) losses reclassified to income	2	-2
Net effect of hedge (gains) losses reclassified to income	-3	2
Change in fair value of cash flow hedges	14	18
Income taxes on change in fair value of cash flow hedges	-5	-7
Net change in fair value of cash flow hedges	9	11
Change in derivatives designated as cash flow hedges, after taxes	6	13
Pension and other postretirement plans	'	'
Reduction of unrecognized actuarial losses	'	245
Income taxes on actuarial changes in plan liabilities	'	-89
Reduction of unrecognized actuarial losses, net	'	156
Amortization of net actuarial losses	8	22
Income taxes on amortization of net actuarial losses	-3	-8
Net effect of amortization of net actuarial losses	5	14
Change in pension and other postretirement plans, after taxes	5	170
Foreign currency translation adjustment	'	'
Foreign currency translation adjustment	51	-169
Reclassified to Gains on asset sales, net	'	25
Change in foreign currency translation adjustment	51	-144
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)	62	39
COMPREHENSIVE INCOME	483	1,312
Less: Comprehensive income (loss) attributable to noncontrolling interests	35	-5
COMPREHENSIVE INCOME ATTRIBUTABLE TO HESS CORPORATION	$448	$1,317

Statement_of_Consolidated_Cash

Statement of Consolidated Cash Flows (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
NET INCOME	$421	$1,273
Adjustments to reconcile net income to net cash provided by operating activities	'	'
Depreciation, depletion and amortization	752	689
Exploratory dry hole costs	9	30
Lease impairment	32	79
Gains on asset sales, net	-10	-688
Gain recognized on acquisition of controlling interest in equity investee	-39	'
Loss from equity affiliates	93	'
Stock compensation expense	21	12
Provision (benefit) for deferred income taxes	122	122
Income from discontinued operations	-11	-130
Changes in operating assets and liabilities	-227	-590
Cash provided by (used in) operating activities - continuing operations	1,163	797
Cash provided by (used in) operating activities - discontinued operations	-5	22
Net cash provided by (used in) operating activities	1,158	819
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Capital expenditures	-1,444	-1,516
Proceeds from asset sales	1,237	1,326
Other, net	-55	-66
Cash provided by (used in) investing activities - continuing operations	-262	-256
Cash provided by (used in) investing activities - discontinued operations	'	-5
Net cash provided by (used in) investing activities	-262	-261
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Net borrowings (repayments) of debt with maturities of 90 days or less	'	-913
Debt with maturities of greater than 90 days	'	'
Borrowings	'	185
Repayments	-333	-24
Cash dividends paid	-79	-35
Common stock acquired and retired	-1,043	'
Employee stock options exercised, including income tax benefits	33	31
Cash provided by (used in) financing activities - continuing operations	-1,422	-756
Cash provided by (used in) financing activities - discontinued operations	'	'
Net cash provided by (used in) financing activities	-1,422	-756
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-526	-198
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	1,814	642
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$1,288	$444

Statement_of_Consolidated_Equi

Statement of Consolidated Equity (USD $)	Total	Common Stock [Member]	Capital in Excess of Par [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Hess Stockholders' Equity [Member]	Noncontrolling Interests [Member]
In Millions	Total	Common Stock [Member]	Capital in Excess of Par [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total Hess Stockholders' Equity [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2012	$21,203	$342	$3,524	$17,717	($493)	$21,090	$113
NET INCOME	1,273	'	'	1,276	'	1,276	-3
Other comprehensive income (loss)	39	'	'	'	41	41	-2
Comprehensive income (loss)	1,312	'	'	'	'	1,317	-5
Activity related to restricted common stock awards, net	9	1	8	'	'	9	'
Employee stock options, including income tax benefits	33	'	33	'	'	33	'
Performance share units	4	'	4	'	'	4	'
Cash dividends declared	-35	'	'	-35	'	-35	'
Noncontrolling interests, net	-1	'	'	'	'	'	-1
Ending balance at Mar. 31, 2013	22,525	343	3,569	18,958	-452	22,418	107
Beginning balance at Dec. 31, 2013	24,784	325	3,498	21,235	-338	24,720	64
NET INCOME	421	'	'	386	'	386	35
Other comprehensive income (loss)	62	'	'	'	62	62	'
Comprehensive income (loss)	483	'	'	'	'	448	35
Activity related to restricted common stock awards, net	15	1	14	'	'	15	'
Employee stock options, including income tax benefits	35	1	34	'	'	35	'
Performance share units	3	'	3	'	'	3	'
Cash dividends declared	-79	'	'	-79	'	-79	'
Common stock acquired and retired	-998	-13	-136	-849	'	-998	'
Noncontrolling interests, net	-1	'	'	'	'	'	-1
Ending balance at Mar. 31, 2014	$24,242	$314	$3,413	$20,693	($276)	$24,144	$98

Basis_of_Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	1. Basis of Presentation
	The financial statements included in this report reflect all normal and recurring adjustments which, in the opinion of management, are necessary for a fair presentation of Hess Corporation’s (the Corporation or Hess) consolidated financial position at March 31, 2014 and December 31, 2013 and the consolidated results of operations and cash flows for the three month periods ended March 31, 2014 and 2013. The unaudited results of operations for the interim periods reported are not necessarily indicative of results to be expected for the full year.
	In the first quarter of 2013, the Corporation announced several initiatives to continue its transformation into a more focused pure play Exploration and Production (E&P) company. The transformation plan included fully exiting the Corporation’s Marketing and Refining (M&R) businesses, the sale of mature E&P assets, and the pursuit of monetizing Bakken midstream assets by 2015. See also Note 2, Discontinued Operations, Note 4, Dispositions and Note 16, Subsequent Events in the Notes to the Consolidated Financial Statements for a description of the divestitures included in this report.
	The financial statements were prepared in accordance with the requirements of the Securities and Exchange Commission (SEC) for interim reporting. As permitted under those rules, certain notes or other financial information that are normally required by U.S. generally accepted accounting principles (GAAP) have been condensed or omitted from these interim financial statements. These statements, therefore, should be read in conjunction with the consolidated financial statements and related notes included in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2013. Certain information in the financial statements and notes has been reclassified to conform to the current period presentation.

Discontinued_Operations

Discontinued Operations	3 Months Ended
Discontinued Operations	Mar. 31, 2014
Discontinued Operations And Disposal Groups [Abstract]	'
Discontinued Operations	'

	2. Discontinued Operations

	As a result of the Corporation’s divestiture of its energy marketing business and terminals network and its cessation of refining at the Port Reading facility, the results of operations for these businesses have been reported as discontinued operations in the Statement of Consolidated Income. These businesses were previously included in the M&R segment.

	Sales and other operating revenues and Income from discontinued operations were as follows:




		Three Months Ended
		March 31,
		2014		2013
		(In millions)
	Sales and other operating revenues	$	—	$	4,773


	Income from discontinued operations before income taxes	$	18	$	203

	Current tax provision (benefit)		—		—
	Deferred tax provision (benefit)		7		73

	Provision for income taxes		7		73

	Income from discontinued operations, net of income taxes	$	11	$	130


	The Corporation’s retail marketing business and energy trading joint venture have been classified as continuing operations for both periods presented while the Corporation is pursuing different methods of disposal and experiencing lengthy marketing processes. The retail marketing business and energy trading joint venture will be classified as discontinued operations when these businesses are divested.

Exit_and_Disposal_Costs

Exit and Disposal Costs	3 Months Ended
Exit and Disposal Costs	Mar. 31, 2014
Restructuring And Related Activities [Abstract]	'
Exit and Disposal Costs	'
	3. Exit and Disposal Costs
	The following table provides the components of and changes in the Corporation’s restructuring accruals:


		Exploration			Retail			Corporate			Discontinued			Total
		and			Marketing						Operations
		Production			and Other
		(In millions)
	Employee Severance
	Balance at January 1, 2014	$	32		$	40		$	26		$	73		$	171
	Provision		6			17			7			3			33
	Payments		(10	)		—			(5	)		(39	)		(54	)

	Balance at March 31, 2014		28			57			28			37			150


	Facility and Other Exit Costs
	Balance at January 1, 2014		53			4			17			44			118
	Provision		—			13			2			5			20
	Payments		(4	)		(15	)		(1	)		(10	)		(30	)

	Balance at March 31, 2014		49			2			18			39			108


	Total restructuring accruals at March 31, 2014	$	77		$	59		$	46		$	76		$	258

	The following table provides the classification of costs associated with the Corporation’s restructuring program:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Employee Severance
	Operating costs and expenses	$	—		$	34
	Marketing expenses		17			—
	Exploration expenses, including dry holes and lease impairment		3			14
	General and administrative expenses		10			41
	Income from discontinued operations		3			69

	Total employee severance	$	33		$	158


	Facility and Other Exit Costs
	Marketing expenses	$	13		$	—
	General and administrative expenses		2			—
	Income from discontinued operations		5			21

	Total facility and other exit costs	$	20		$	21

	The employee severance charges primarily resulted from the Corporation’s divestiture program announced in March 2013. The severance charges were based on probable amounts incurred under ongoing severance arrangements or other statutory requirements, plus amounts earned through March 31, 2014 under enhanced benefit arrangements. The expense associated with the enhanced benefits is recognized ratably over the estimated service period required for the employee to earn the benefit upon termination.
	The Corporation expects to incur additional enhanced benefit charges of approximately $25 million beyond the amounts accrued at March 31, 2014, of which $3 million relates to E&P, $10 million to Retail Marketing and Other, $8 million to Corporate and $4 million to discontinued operations. The Corporation’s estimate of employee severance costs could change due to a number of factors, including the number of employees that work through the requisite service date and the timing of when each remaining divestiture occurs.
	In the first quarter of 2014, the facility and other exit costs were primarily professional fees associated with the divestitures. The facility and other exit costs in the first quarter of 2013 primarily related to the shutdown costs for Port Reading refining operations.
	For the accrued employee severance at March 31, 2014 totaling $150 million, the Corporation expects to pay approximately 80% in 2014 and the remainder in 2015 and 2016. For the accrued facility and other exit costs totaling $108 million, the Corporation expects to pay approximately 35% in 2014 and the remainder in 2015 and beyond.

Dispositions

Dispositions	3 Months Ended
Dispositions	Mar. 31, 2014
Business Combinations [Abstract]	'
Dispositions	'
	4. Dispositions
	In the first quarter of 2014, the Corporation completed the sale of its interest in the Pangkah asset, offshore Indonesia for cash proceeds of approximately $650 million. This transaction resulted in a pre-tax gain of $31 million after deducting the net book value of assets, including allocated goodwill of $56 million. In addition, the Corporation sold an exploration block in Indonesia for a pre-tax loss of $20 million. In January 2014, the Corporation also announced that it had reached agreement to sell approximately 74,000 undeveloped acres in the dry gas corridor of the Utica shale for $924 million. Approximately 47,000 acres were sold in March 2014 for proceeds of approximately $590 million. There was no gain or loss as a result of this transaction as the carrying amount of undeveloped leasehold costs was reduced by the sales proceeds. See Note 16, Subsequent Events in the Notes to the Consolidated Financial Statements for dispositions occurring after March 31, 2014.
	In March 2013, the Corporation sold its interests in the Azeri-Chirag-Guneshli (ACG) fields (Hess 3%), offshore Azerbaijan in the Caspian Sea, and the associated Baku-Tbilisi-Ceyhan (BTC) oil transportation pipeline company (Hess 2%) for cash proceeds of $884 million. The transaction resulted in an after-tax gain of $360 million. In January 2013, the Corporation completed the sale of its interests in the Beryl fields and the Scottish Area Gas Evacuation System (SAGE) in the United Kingdom North Sea for cash proceeds of $442 million. The transaction resulted in an after-tax gain of $323 million.

Acquisition

Acquisition	3 Months Ended
Acquisition	Mar. 31, 2014
Text Block [Abstract]	'
Acquisition	'

	5. Acquisition

	In January 2014, the Corporation’s retail marketing business acquired its partners’ 56% interest in WilcoHess, a retail gasoline joint venture, for approximately $290 million and the settlement of liabilities. Additionally, as a result of remeasuring the carrying value to fair value of its equity interest in WilcoHess in connection with the business combination, a pre-tax gain of $39 million ($24 million after income taxes) was recognized in Other, net in the Statement of Consolidated Income. Effective from the acquisition date, Hess has consolidated the results of WilcoHess. The impact of this acquisition is not material to the Corporation’s Consolidated Income Statement or Balance Sheet.

Inventories

Inventories	3 Months Ended
Inventories	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	6. Inventories
	Inventories consisted of the following:


		March 31,			December 31,
		2014			2013
		(In millions)
	Crude oil and other charge stocks	$	343		$	291
	Refined petroleum products and natural gas		611			618
	Less: LIFO adjustment		(330	)		(339	)

			624			570
	Merchandise, materials and supplies		431			384

	Total inventories	$	1,055		$	954


	In the first quarter of 2014 and 2013, the Corporation reduced last-in, first-out (LIFO) inventories, which are carried at lower costs than current inventory costs, resulting in gains of $25 million ($16 million after income taxes) and $218 million ($137 million after income taxes), respectively. These gains were classified in Income from discontinued operations. Inventories related to the E&P segment were $655 million at March 31, 2014 and $599 million at December 31, 2013.

Property_Plant_and_Equipment

Property, Plant and Equipment	3 Months Ended
Property, Plant and Equipment	Mar. 31, 2014
Property Plant And Equipment [Abstract]	'
Property, Plant and Equipment	'
	7. Property, Plant and Equipment
	Assets Held for Sale: At March 31, 2014, the Corporation classified as held for sale its oil and gas assets in Thailand totaling $366 million, primarily comprising the net property, plant and equipment balances and allocated goodwill of $76 million. In addition, liabilities, primarily comprising asset retirement obligations and deferred income taxes totaling $193 million, were reported in Liabilities associated with assets held for sale. See Note 16, Subsequent Events in the Notes to the Consolidated Financial Statements for completion of the sale of the Corporation’s assets in Thailand.
	At December 31, 2013, assets totaling $1,097 million, primarily consisting of the net property, plant and equipment balances as well as allocated goodwill of $76 million, for Thailand and the Pangkah Field, offshore Indonesia (Hess 75%) were reported as assets held for sale. In addition, liabilities related to these properties totaling $286 million, primarily consisting of asset retirement obligations and deferred income taxes, were reported in Liabilities associated with assets held for sale. In January 2014, the Corporation completed the sale of its interest in Pangkah. See Note 4, Dispositions in the Notes to the Consolidated Financial Statements.
	Capitalized Exploratory Well Costs: The following table discloses the net changes in capitalized exploratory well costs pending determination of proved reserves for the three months ended March 31, 2014 (in millions):


	Balance at January 1	$	2,045
	Additions to capitalized exploratory well costs pending the determination of proved reserves		24

	Balance at March 31, 2014	$	2,069

	The preceding table excludes exploratory dry hole costs of $9 million which were incurred and subsequently expensed in 2014. Capitalized exploratory well costs greater than one year old after completion of drilling were $1,956 million at March 31, 2014. Approximately 43% of the capitalized well costs in excess of one year relates to Block WA-390-P, offshore Western Australia, where development planning and commercial activities, including negotiations with potential liquefaction partners, are ongoing. Successful negotiation with a third party liquefaction partner is necessary before the Corporation can negotiate a gas sales agreement and sanction development of the project. Approximately 26% relates to the Corporation’s Pony discovery on Block 468 in the deepwater Gulf of Mexico, and 7% relates to the Pony #3 well on Block 469. The Corporation has signed an exchange agreement with the partners of the adjacent Green Canyon Blocks 512 and 511, which contain the Knotty Head discovery. Under this agreement, Hess was appointed operator and has a 25% working interest in the blocks, which are now collectively referred to as the Stampede project. An application to unitize Blocks 468, 512, the western half of 469 and the eastern half of 511 was filed with the Bureau of Safety and Environmental Enforcement in the first quarter of 2014. Field development planning is progressing and the project is targeted for sanction in 2014. Approximately 19% relates to offshore Ghana where the Corporation has drilled seven successful exploration wells. Appraisal plans for the seven wells on the block were submitted to the Ghanaian government for approval in June 2013. Four plans have been approved and discussions continue with the government on the three remaining appraisal plans. The Corporation plans to commence a three well appraisal drilling program in the second quarter of 2014. The remainder of the capitalized well costs in excess of one year relates to projects where further drilling is planned or development planning and other assessment activities are ongoing to determine the economic and operating viability of the projects.

Goodwill

Goodwill	3 Months Ended
Goodwill	Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]	'
Goodwill	'
	8. Goodwill
	The changes in the carrying amount of goodwill are as follows (in millions):


	Balance at January 1, 2014		$	1,869
	Acquisitions *			115

	Balance at March 31, 2014		$	1,984


	*	Represents the goodwill resulting from the Corporation’s WilcoHess acquisition. See Note 5, Acquisition, in the Notes to the Consolidated Financial Statements.

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Debt	'
	9. Debt
	In the first quarter of 2014, the Corporation repaid $333 million of debt, including $74 million assumed in the acquisition of WilcoHess in January 2014. See also Note 5, Acquisition, in the Notes to the Consolidated Financial Statements. There were no borrowings or repayments under the Corporation’s available credit facilities in the first quarter of 2014.

Other_NonOperating_Income

Other Non-Operating Income	3 Months Ended
Other Non-Operating Income	Mar. 31, 2014
Other Income And Expenses [Abstract]	'
Other Non-Operating Income	'
	10. Other Non-operating Income
	In the first quarter of 2014, the Corporation recorded a charge of $84 million ($52 million after income taxes) to reduce to fair value its investment in the Bayonne Energy Center (BEC) joint venture (Hess 50%) based on a Level 3 fair value measurement. This charge was included in Other, net in the Statement of Consolidated Income.
	Pre-tax foreign currency gains (losses) included in Other, net in the Statement of Consolidated Income amounted to the following:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Pre-tax foreign currency gains (losses)	$	(6	)	$	(32	)

Retirement_Plans

Retirement Plans	3 Months Ended
Retirement Plans	Mar. 31, 2014
Compensation And Retirement Disclosure [Abstract]	'
Retirement Plans	'
	11. Retirement Plans
	Components of net periodic pension cost consisted of the following:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Service cost	$	12		$	20
	Interest cost		25			22
	Expected return on plan assets		(40	)		(33	)
	Amortization of net loss		8			21

	Pension expense	$	5		$	30

	In 2014, the Corporation expects to contribute approximately $80 million to its funded pension plans. Through March 31, 2014, the Corporation contributed approximately $20 million of this amount.

Weighted_Average_Common_Shares

Weighted Average Common Shares	3 Months Ended
Weighted Average Common Shares	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Weighted Average Common Shares	'
	12. Weighted Average Common Shares
	The net income and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows:


		Three Months Ended
		March 31,
		2014		2013
		(In millions,
		except per share amounts)
	Income from continuing operations, net of income taxes	$	410	$	1,143
	Less: Net income (loss) attributable to noncontrolling interests		35		(3	)

	Net income from continuing operations attributable to Hess Corporation		375		1,146
	Income from discontinued operations, net of income taxes		11		130


	Net income attributable to Hess Corporation	$	386	$	1,276


	Weighted average common shares outstanding:
	Basic		318.1		339.2
	Effect of dilutive securities
	Restricted common stock		1.5		1.3
	Stock options		1.8		1.3
	Performance share units		1.2		0.8

	Diluted		322.6		342.6


	Net income attributable to Hess Corporation per share:
	Basic:
	Continuing operations	$	1.17	$	3.38
	Discontinued operations		0.04		0.38

	Net income per share	$	1.21	$	3.76


	Diluted:
	Continuing operations	$	1.16	$	3.34
	Discontinued operations		0.04		0.38

	Net income per share	$	1.2	$	3.72

	The Corporation granted 1,016,801 shares of restricted stock, 292,662 performance share units (PSUs) and 162,911 stock options in the first quarter of 2014 and 1,199,332 shares of restricted stock and 279,093 PSUs for the same period in 2013. The weighted average common shares used in the diluted earnings per share calculations exclude the effect of 3,371,122 out-of-the-money stock options for the three months ended March 31, 2014 and 6,077,460 out-of-the-money stock options for the same period in 2013.
	In March 2013, the Corporation announced a board authorized plan to repurchase up to $4 billion of outstanding common stock using proceeds from its announced asset divestiture program. The share repurchase program commenced in August 2013. In the first quarter of 2014, the Corporation purchased approximately 12.6 million shares for a total cost of approximately $1.0 billion, at an average cost of $79.33 per share including transaction fees. As of March 31, 2014, the Corporation may purchase up to approximately $1.5 billion of additional common stock under its board authorized plan.

Guarantees_and_Contingencies

Guarantees and Contingencies	3 Months Ended
Guarantees and Contingencies	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Guarantees and Contingencies	'
	13. Guarantees and Contingencies
	The Corporation is subject to loss contingencies with respect to various claims, lawsuits and other proceedings. The Corporation cannot predict with certainty if, how or when such claims, lawsuits and proceedings will be resolved or what the eventual relief, if any, may be. Numerous issues may need to be resolved, including through lengthy discovery, conciliation and/or arbitration proceedings, or litigation before a loss or range of loss can be reasonably estimated. Subject to the foregoing, in management’s opinion, based upon currently known facts and circumstances, the outcome of such lawsuits, claims and proceedings is not expected to have a material adverse effect on the financial condition of the Corporation. However, the Corporation could incur judgments, enter into settlements or revise its opinion regarding the outcome of certain matters, and such developments could have a material adverse effect on its results of operations in the period in which the amounts are accrued and its cash flows in the period in which the amounts are paid.
	The Corporation, along with many other companies engaged in refining and marketing of gasoline, has been a party to lawsuits and claims related to the use of methyl tertiary butyl ether (MTBE) in gasoline. A series of similar lawsuits, many involving water utilities or governmental entities, were filed in jurisdictions across the U.S. against producers of MTBE and petroleum refiners who produced gasoline containing MTBE, including the Corporation. The principal allegation in all cases was that gasoline containing MTBE is a defective product and that these parties are strictly liable in proportion to their share of the gasoline market for damage to groundwater resources and are required to take remedial action to ameliorate the alleged effects on the environment of releases of MTBE. In 2008, the majority of the cases against the Corporation were settled. In 2010 and 2011, additional cases were settled including an action brought in state court by the State of New Hampshire but cases brought by the State of New Jersey and the Commonwealth of Puerto Rico remained unresolved at year-end 2013. In March 2014, the Corporation agreed to settle claims against it arising out of the New Jersey action for approximately $35 million. The settlement is subject to completion of a 30 day notice and comment period and entry of the settlement by the trial judge. The Corporation has reserves to fully cover this settlement amount.

Segment_Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	14. Segment Information
	The Corporation is transitioning to a pure play E&P company. The results of operations for the downstream businesses that have been sold or ceased operations during 2013 have been classified as discontinued operations. The Corporation currently has two operating segments; E&P and Retail Marketing and Other, which consists of the remaining downstream businesses that it plans to divest. This structure is used by the chief operating decision maker to allocate resources and assess operating performance.
	The Corporation’s results by operating segment were as follows:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Sales and other operating revenues:
	Exploration and Production	$	2,673		$	3,466
	Retail Marketing and Other		2,881			2,640

	Total	$	5,554		$	6,106


	Net income (loss) attributable to Hess Corporation:
	Exploration and Production	$	508		$	1,286
	Retail Marketing and Other		(44	)		(31	)
	Corporate and Interest		(89	)		(109	)

	Income from continuing operations		375			1,146
	Discontinued operations		11			130

	Total	$	386		$	1,276


	Identifiable assets by operating segment were as follows:


		March 31,			December 31,
		2014			2013
		(In millions)
	Exploration and Production	$	36,714		$	37,863
	Retail Marketing and Other		3,869			2,644
	Corporate and Interest		657			939

	Continuing operations		41,240			41,446
	Discontinued operations		184			1,308

	Total	$	41,424		$	42,754

Financial_Risk_Management_and_

Financial Risk Management and Trading Activities	3 Months Ended
Financial Risk Management and Trading Activities	Mar. 31, 2014
Derivative Instruments And Hedging Activities Disclosure [Abstract]	'
Financial Risk Management and Trading Activities	'

	15. Financial Risk Management and Trading Activities

	In the normal course of its business, the Corporation is exposed to commodity risks related to changes in the prices of crude oil and natural gas as well as changes in interest rates and foreign currency values. Prior to the divestiture of its energy marketing business in the fourth quarter of 2014, the Corporation was also exposed to commodity risks related to changes in the prices of the refined petroleum products and electricity. In the disclosures that follow, risk management activities are referred to as corporate and energy marketing risk management activities. The Corporation also has trading operations, through a 50% voting interest in a consolidated partnership, that trades energy-related commodities, securities and derivatives. These activities are also exposed to commodity price risks primarily related to the prices of crude oil, natural gas, refined petroleum products and electricity, as well as foreign currency values.

	The Corporation maintains a control environment for all of its risk management and trading activities under the direction of its chief risk officer and through its corporate risk policy, which the Corporation’s senior management has approved. Controls include volumetric, term and value at risk limits. The chief risk officer must approve the trading of new instruments and commodities. Risk limits are monitored and reported on a daily basis to business units and senior management. The Corporation’s risk management department also performs independent price verifications (IPVs) of sources of fair values and validations of valuation models. The Corporation’s treasury department is responsible for administering foreign exchange rate and interest rate hedging programs using similar controls and processes, where applicable.

	The Corporation’s risk management department, in performing the IPV procedures, utilizes independent sources and valuation models that are specific to the individual contracts and pricing locations to identify positions that require adjustments to better reflect the market. This review is performed quarterly and the results are presented to the chief risk officer and senior management. The IPV process considers the reliability of the pricing services through assessing the number of available quotes, the frequency at which data is available and, where appropriate, the comparability between pricing sources.

	Following is a description of the Corporation’s activities that use derivatives as part of their operations and strategies. Derivatives include both financial instruments and forward purchase and sale contracts. Gross notional amounts of both long and short positions are presented in the volume tables beginning below. These amounts include long and short positions that offset in closed positions and have not reached contractual maturity. Gross notional amounts do not quantify risk or represent assets or liabilities of the Corporation, but are used in the calculation of cash settlements under the contracts.

	Corporate Financial Risk Management Activities: Corporate risk management activities include transactions designed to reduce risk in the selling prices of crude oil or natural gas produced by the Corporation or to reduce exposure to foreign currency or interest rate movements. Generally, futures, swaps or option strategies may be used to fix the forward selling price of a portion of the Corporation’s crude oil or natural gas production. Forward contracts may also be used to purchase certain currencies in which the Corporation does business with the intent of reducing exposure to foreign currency fluctuations. These forward contracts comprise various currencies, primarily the British Pound and Danish Krone. Interest rate swaps may be used to convert interest payments on certain long-term debt from fixed to floating rates.

	The gross volumes of the Corporate risk management derivative contracts outstanding were as follows:



			March 31,			December 31,
			2014			2013
	Commodity, primarily crude oil (millions of barrels)			8			9
	Foreign exchange (millions of USD *)		$	883		$	220
	Interest rate swaps (millions of USD)		$	615		$	865


	*	Denominated in U.S. dollars (USD).

	In the fourth quarter of 2013, the Corporation entered into Brent crude oil fixed-price swap contracts to hedge 25,000 barrels of oil per day (bopd) for calendar year 2014 and in the first quarter of 2014, an additional 5,000 bopd for the remainder of 2014, were hedged. These hedges are at an average price of $109.11 per barrel. In 2013, the Corporation had Brent crude oil fixed-price swap contracts to hedge 90,000 bopd of crude oil sales volumes at an average price of approximately $109.70 per barrel.

	Crude oil price hedging contracts increased E&P Sales and other operating revenues by $3 million ($2 million after income taxes) for the three months ended March 31, 2014, and reduced E&P Sales and other operating revenues by $18 million ($11 million after income taxes) for the three months ended March 31, 2013. At March 31, 2014, the after-tax deferred gains in Accumulated other comprehensive income (loss) related to Brent crude oil hedges were $13 million, which will be reclassified into earnings during 2014 as the hedged crude oil sales are recognized in earnings. The amount of ineffectiveness from Brent crude oil hedges that was recognized immediately in Sales and other operating revenues resulted in a loss of approximately $1 million for the three months ended March 31, 2014, and a gain of $15 million for the three months ended March 31, 2013.

	At March 31, 2014 and December 31, 2013, the Corporation had interest rate swaps with gross notional amounts of $615 million and $865 million, respectively, which were designated as fair value hedges. Changes in the fair value of interest rate swaps and the hedged fixed-rate debt are recorded in Interest expense in the Statement of Consolidated Income. For the three months ended March 31, 2014 and 2013, the Corporation recorded an increase of approximately $1 million and a decrease of $5 million (excluding accrued interest), respectively, in the fair value of interest rate swaps and a corresponding adjustment in the carrying value of the hedged fixed-rate debt.

	Gains or losses on foreign exchange contracts that are not designated as hedges are recognized immediately in Other, net in Revenues and non-operating income in the Statement of Consolidated Income.

	Net realized and unrealized pre-tax gains (losses) on derivative contracts used in Corporate Risk Management activities and not designated as hedges amounted to the following:



			Three Months Ended
			March 31,
			2014			2013
			(In millions)
	Foreign exchange		$	—		$	(33	)


	Energy Marketing Financial Risk Management Activities: In conjunction with the sale of the energy marketing business in the fourth quarter of 2013, certain derivative contracts, including new transactions following the closing date, (the “delayed transfer derivative contracts”) were not transferred to Direct Energy, a North American subsidiary of Centrica plc (Centrica), as required customer or regulatory consents had not been obtained. However, the agreement entered into between Hess and Direct Energy on the closing date transferred all economic risks and rewards of the energy marketing business, including the ownership of the delayed transfer derivative contracts, to Direct Energy. At the end of the first quarter of 2014, a large majority of these contracts were transferred to Direct Energy. As of March 31, 2014, the assets and liabilities related to the delayed transfer derivative contracts that were not transferred remain on the Corporation’s Consolidated Balance Sheet but changes in their fair value are offset based on the terms of the agreement between Hess and Direct Energy. The Corporation therefore has no market risk related to these delayed transfer derivative contracts and only retains credit risk exposure, which has been guaranteed by Centrica. It is expected that the transfer of the remaining contracts will be substantially complete by the end of the second quarter of 2014.

	Trading Activities: Trading activities are conducted through a trading partnership in which the Corporation has a 50% voting interest that is currently for sale. This partnership intends to generate earnings through various strategies primarily using energy-related commodities, securities and derivatives. The information that follows represents 100% of the trading partnership as well as the Corporation’s proprietary trading accounts for 2013.

	The gross volumes of derivative contracts outstanding related to trading activities were as follows:



			March 31,			December 31,
			2014			2013
	Commodity
	Crude oil and refined petroleum products (millions of barrels)			1,823			1,815
	Natural gas (millions of mcf)			2,842			2,735
	Electricity (millions of megawatt hours)			1			1
	Foreign exchange (millions of USD)		$	71		$	52
	Equity securities (millions of shares)			19			11

	Pre-tax unrealized and realized gains (losses) recorded in the Statement of Consolidated Income from trading activities amounted to the following:



		Three Months Ended
		March 31,
		2014			2013
		(In millions)
Commodity		$	85		$	(7	)
Other			15			6

Total *		$	100		$	(1	)



*	The unrealized pre-tax gains and losses included in earnings were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.

Fair Value Measurements: The Corporation generally enters into master netting arrangements to mitigate legal and counterparty credit risk. Master netting arrangements are generally accepted overarching master contracts that govern all individual transactions with the same counterparty entity as a single legally enforceable agreement. The U.S. Bankruptcy Code provides for the enforcement of certain termination and netting rights under certain types of contracts upon the bankruptcy filing of a counterparty, commonly known as the safe harbor provisions. If a master netting arrangement provides for termination and netting upon the counterparty’s bankruptcy, these rights are generally enforceable with respect to safe harbor transactions. If these arrangements provide the right of offset and the Corporation’s intent and practice is to offset amounts in the case of such a termination, the Corporation’s policy is to record the fair value of derivative assets and liabilities on a net basis.

In the normal course of business, the Corporation relies on legal and credit risk mitigation clauses providing for adequate credit assurance as well as close-out netting, including two-party netting and single counterparty multilateral netting. As applied to the Corporation, two-party netting is the right to net amounts owing under safe harbor transactions between a single defaulting counterparty entity and a single Hess entity, and single counterparty multilateral netting is the right to net amounts owing under safe harbor transactions among a single defaulting counterparty entity and multiple Hess entities. The Corporation is reasonably assured that these netting rights would be upheld in a bankruptcy proceeding in the U.S. in which the defaulting counterparty is a debtor under the U.S. Bankruptcy Code.



The following table provides information about the effect of netting arrangements on the presentation of the Corporation’s physical and financial derivative assets and (liabilities) that are measured at fair value, with the effect of “single counterparty multilateral netting” being included in column (v):



					Gross Amounts Offset							Net Amounts			Gross Amounts
					in the Consolidated							Presented in			Not Offset in
					Balance Sheet							the			the
												Consolidated			Consolidated
		Gross			Physical				Cash			Balance Sheet			Balance Sheet			Net
		Amounts			Derivative and				Collateral*									Amounts
					Financial
					Instruments
		(i)			(ii)				(iii)			(iv)=)+(ii)+(iii)			(v)			(vi)=v)+(v)
		(In millions)
March 31, 2014
Assets
Derivative contracts
Commodity		$	2,068		$	(1,655	)		$	(52	)	$	361		$	(13	)	$	348
Interest rate and other			54			(8	)			(10	)		36			—			36
Counterparty netting			—			(43	)			—			(43	)		—			(43	)

Total derivative contracts		$	2,122		$	(1,706	)		$	(62	)	$	354		$	(13	)	$	341


Liabilities
Derivative contracts
Commodity		$	(2,148	)	$	1,655			$	19		$	(474	)	$	13		$	(461	)
Other			(13	)		8				—			(5	)		—			(5	)
Counterparty netting			—			43				—			43			—			43

Total derivative contracts		$	(2,161	)	$	1,706			$	19		$	(436	)	$	13		$	(423	)


December 31, 2013
Assets
Derivative contracts
Commodity		$	3,086		$	(1,867	)		$	(79	)	$	1,140		$	(41	)	$	1,099
Interest rate and other			51			(10	)			—			41			(3	)		38
Counterparty netting			—			(206	)			—			(206	)		—			(206	)

Total derivative contracts		$	3,137		$	(2,083	)		$	(79	)	$	975		$	(44	)	$	931


Liabilities
Derivative contracts
Commodity		$	(3,212	)	$	1,867			$	168		$	(1,177	)	$	41		$	(1,136	)
Other			(12	)		10				—			(2	)		3			1
Counterparty netting			—			206				—			206			—			206

Total derivative contracts		$	(3,224	)	$	2,083			$	168		$	(973	)	$	44		$	(929	)



*	There is no cash collateral that was not offset in the Consolidated Balance Sheet.

The net assets and liabilities that were offset in the Consolidated Balance Sheet as reflected in column (iv) of the table above were included in Accounts receivable – Trade and Accounts payable, respectively. Included in those net amounts were the assets and liabilities related to the Corporation’s discontinued operations of $72 million and $93 million as of March 31, 2014, respectively ($612 million and $620 million as of December 31, 2013).

The table below reflects the gross and net fair values of the corporate and energy marketing risk management and trading derivative instruments:



		Accounts			Accounts
		Receivable			Payable
		(In millions)
March 31, 2014
Derivative contracts designated as hedging instruments
Commodity		$	25		$	—
Interest rate and other			33			(3	)

Total derivative contracts designated as hedging instruments			58			(3	)


Derivative contracts not designated as hedging instruments*
Commodity			2,043			(2,148	)
Foreign exchange			1			(1	)
Equity and other			20			(9	)

Total derivative contracts not designated as hedging instruments			2,064			(2,158	)


Gross fair value of derivative contracts			2,122			(2,161	)
Master netting arrangements			(1,706	)		1,706
Cash collateral (received) posted			(62	)		19

Net fair value of derivative contracts		$	354		$	(436	)


December 31, 2013
Derivative contracts designated as hedging instruments
Commodity		$	11		$	(3	)
Interest rate and other			36			(1	)

Total derivative contracts designated as hedging instruments			47			(4	)


Derivative contracts not designated as hedging instruments*
Commodity			3,075			(3,209	)
Foreign exchange			2			(3	)
Other			13			(8	)

Total derivative contracts not designated as hedging instruments			3,090			(3,220	)


Gross fair value of derivative contracts			3,137			(3,224	)
Master netting arrangements			(2,083	)		2,083
Cash collateral (received) posted			(79	)		168

Net fair value of derivative contracts		$	975		$	(973	)



*	Includes trading derivatives and derivatives used for risk management.

The Corporation determines fair value in accordance with the fair value measurements accounting standard (Accounting Standards Codification 820 – Fair Value Measurements and Disclosures), which established a hierarchy that categorizes the sources of inputs, which generally range from quoted prices for identical instruments in a principal trading market (Level 1) to estimates determined using related market data (Level 3). Measurements derived indirectly from observable inputs or from quoted prices from markets that are less liquid are considered Level 2.



When Level 1 inputs are available within a particular market, those inputs are selected for determination of fair value over Level 2 or 3 inputs in the same market. To value derivatives that are characterized as Level 2 and 3, the Corporation uses observable inputs for similar instruments that are available from exchanges, pricing services or broker quotes. These observable inputs may be supplemented with other methods, including internal extrapolation or interpolation, that result in the most representative prices for instruments with similar characteristics. Multiple inputs may be used to measure fair value, however, the level of fair value for each physical derivative and financial asset or liability presented below is based on the lowest significant input level within this fair value hierarchy.

The following table provides the Corporation’s net physical derivative and financial assets and (liabilities) that are measured at fair value based on this hierarchy:



		Level 1			Level 2				Level 3			Counterparty			Collateral			Balance
		Level 1			Level 2				Level 3			netting			Collateral			Balance
		(In millions)
March 31, 2014
Assets
Derivative contracts
Commodity		$	124		$	219			$	124		$	(54	)	$	(52	)	$	361
Interest rate and other			11			34				1			—			(10	)		36
Collateral and counterparty netting			(1	)		(41	)			(1	)		—			—			(43	)

Total derivative contracts			134			212				124			(54	)		(62	)		354
Other assets measured at fair value on a recurring basis			29			—				—			—			—			29

Total assets measured at fair value		$	163		$	212			$	124		$	(54	)	$	(62	)	$	383	(a)
on a recurring basis		$	163		$	212			$	124		$	(54	)	$	(62	)	$	383	(a)


Liabilities
Derivative contracts
Commodity		$	(63	)	$	(422	)		$	(62	)	$	54		$	19		$	(474	)
Other			—			(1	)			(4	)		—			—			(5	)
Collateral and counterparty netting			1			41				1			—			—			43

Total derivative contracts			(62	)		(382	)			(65	)		54			19			(436	)
Other liabilities measured at fair value on a recurring basis			(77	)		—				—			—			—			(77	)

Total liabilities measured at fair value		$	(139	)	$	(382	)		$	(65	)	$	54		$	19		$	(513	)(b)
on a recurring basis		$	(139	)	$	(382	)		$	(65	)	$	54		$	19		$	(513	)(b)

Other fair value measurement disclosures Long-term debt (c)		$	—		$	(6,734	)		$	—		$	—		$	—		$	(6,734	)




		Level 1			Level 2				Level 3			Counterparty			Collateral			Balance
		Level 1			Level 2				Level 3			netting			Collateral			Balance
		(In millions)
December 31, 2013
Assets
Derivative contracts
Commodity		$	254		$	579			$	494		$	(108	)	$	(79	)	$	1,140
Interest rate and other			2			37				3			(1	)		—			41
Collateral and counterparty netting			(15	)		(191	)			—			—			—			(206	)

Total derivative contracts			241			425				497			(109	)		(79	)		975
Other assets measured at fair value on a recurring basis			—			—				—			—			—			—

Total assets measured at fair value		$	241		$	425			$	497		$	(109	)	$	(79	)	$	975
on a recurring basis		$	241		$	425			$	497		$	(109	)	$	(79	)	$	975


Liabilities
Derivative contracts
Commodity		$	(97	)	$	(1,071	)		$	(285	)	$	108		$	168		$	(1,177	)
Other			—			(3	)			—			1			—			(2	)
Collateral and counterparty netting			15			191				—			—			—			206

Total derivative contracts			(82	)		(883	)			(285	)		109			168			(973	)
Other liabilities measured at fair value on a recurring basis			(31	)		—				—			—			—			(31	)

Total liabilities measured at fair value		$	(113	)	$	(883	)		$	(285	)	$	109		$	168		$	(1,004	)
on a recurring basis		$	(113	)	$	(883	)		$	(285	)	$	109		$	168		$	(1,004	)

Other fair value measurement disclosures		$	—		$	(6,641	)		$	—		$	—		$	—		$	(6,641	)
Long-term debt (c)		$	—		$	(6,641	)		$	—		$	—		$	—		$	(6,641	)



(a)	Includes a total of $134 million of Level 1, $177 million of Level 2 and $51 million of Level 3 assets that relate to the Corporation’s continuing operations.
(b)	Includes a total of $61 million of Level 1, $323 million of Level 2 and $17 million of Level 3 liabilities that relate to the Corporation’s continuing operations.
(c)	Long-term debt, including current maturities, had a carrying value of $5,576 million and $5,798 million at March 31, 2014 and December 31, 2013, respectively.

In addition to the financial assets and liabilities disclosed in the tables above, the Corporation had other short-term financial instruments, primarily cash equivalents and accounts receivable and payable, for which the carrying value approximated their fair value at March 31, 2014 and December 31, 2013.



The following table provides total net transfers into and out of each level of the fair value hierarchy:



		Three Months Ended
		March 31,
		2014			2013
		(In millions)
Transfers into Level 1		$	(10	)	$	(1	)
Transfers out of Level 1			—			—

		$	(10	)	$	(1	)


Transfers into Level 2		$	(18	)	$	—
Transfers out of Level 2			5			(1	)

		$	(13	)	$	(1	)


Transfers into Level 3		$	6		$	2
Transfers out of Level 3			17			—

		$	23		$	2


The Corporation’s policy is to recognize transfers in and transfers out as of the end of the reporting period. Transfers between levels result from the passage of time as contracts move closer to their maturities, fluctuations in the market liquidity for certain contracts and/or changes in the level of significance of fair value measurement inputs.

The following table provides changes in physical derivatives and financial assets and (liabilities) primarily related to commodities that are measured at fair value based on Level 3 inputs:



		Three Months Ended
		March 31,
		2014			2013
		(In millions)
Balance at January 1		$	212		$	141
Unrealized pre-tax gains (losses) included in earnings (a)			(304	)		(63	)
Purchases (b)			5			28
Sales (b)			(4	)		(23	)
Settlements (c)			127			(15	)
Transfers into Level 3			6			2
Transfers out of Level 3			17			—

Balance at March 31		$	59		$	70



(a)	The unrealized pre-tax gains and losses included in earnings were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.
(b)	Purchases and sales primarily represent option premiums paid or received, respectively, during the reporting period and were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.
(c)	Settlements represent realized gains and losses on derivatives settled during the reporting period and were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.

The significant unobservable inputs used in Level 3 fair value measurements for the Corporation’s physical commodity contracts and derivative instruments primarily include less liquid delivered locations for physical commodity contracts or volatility assumptions for out-of-the-money options. The following table provides information about the Corporation’s significant recurring unobservable inputs used in the Level 3 fair value measurements. Natural gas contracts are usually quoted and transacted using basis pricing relative to an active pricing location (e.g. Henry Hub), for which price inputs represent the approximate value of differences in geography and local market conditions. All other price inputs in the table below represent full contract prices. Significant changes in any of the inputs, independently or correlated, may result in a different fair value.



		Unit of		Range /
		Measurement		Weighted Average
March 31, 2014
Assets
Commodity contracts with a fair value of $124 million
Contract prices
Crude oil and refined petroleum products		$ / bbl (a)		$81.13 - 176.82 / 110.61
Electricity		$ / MWH (b)		$17.01 - 153.10 / 59.08

Basis prices
Natural gas		$ / MMBTU (c)		$(4.69) - 13.75 / 0.03

Contract volatilities
Crude oil and refined petroleum products		%		15.79 - 17.44 / 17.07
Natural gas		%		17.00 - 31.00 / 23.00
Electricity		%		19.00 - 42.00 / 35.00


Liabilities
Commodity contracts with a fair value of $62 million
Contract prices
Crude oil and refined petroleum products		$ / bbl (a)		$83.85 - 173.46 / 107.73
Electricity		$ / MWH (b)		$21.16 - 156.10 / 65.30

Basis prices
Natural gas		$ / MMBTU (c)		$(2.15) - 13.60 / 2.64

Contract volatilities
Crude oil and refined petroleum products		%		16.00 - 16.00 / 16.00
Electricity		%		19.00 - 42.00 / 33.00


December 31, 2013
Assets
Commodity contracts with a fair value of $494 million
Contract prices
Crude oil and refined petroleum products		$ / bbl (a)		$78.45 - 228.86 / 118.68
Electricity		$ / MWH (b)		$19.52 - 165.75 / 45.76

Basis prices
Natural gas		$ / MMBTU (c)		$(4.99) - 18.10 / 0.23

Contract volatilities
Crude oil and refined petroleum products		%		16.00 - 18.00 / 17.00
Natural gas		%		17.00 - 35.00 / 22.00
Electricity		%		16.00 - 36.00 / 23.00




		Unit of		Range /
		Measurement		Weighted Average
December 31, 2013
Liabilities
Commodity contracts with a fair value of $285 million
Contract prices
Crude oil and refined petroleum products		$ / bbl (a)		$57.45 - 183.89 / 122.54
Electricity		$ / MWH (b)		$26.48 - 155.33 / 43.12

Basis prices
Natural gas		$ / MMBTU (c)		$(1.90) - 18.00 / (0.62)

Contract volatilities
Crude oil and refined petroleum products		%		16.00 - 17.00 / 17.00
Natural gas		%		34.00 - 35.00 / 35.00
Electricity		%		16.00 - 36.00 / 22.00



(a)	Price per barrel.
(b)	Price per megawatt hour.
(c)	Price per million British thermal unit.

Note: Fair value measurement for all recurring inputs was performed using a combination of income and market approach techniques.

Credit Risk: The Corporation is exposed to credit risks that may at times be concentrated with certain counterparties, groups of counterparties or customers. Accounts receivable are generated from a diverse domestic and international customer base. As of March 31, 2014, the Corporation’s net Accounts receivable – Trade related to continuing operations were concentrated with the following counterparty industry segments: Integrated Oil Companies – 29%, Refiners – 24%, Trading Companies – 21%, Financial Institutions – 15% and Government Entities – 6%. As of December 31, 2013, the Corporation’s net Accounts receivable – Trade were concentrated as follows: Integrated Oil Companies – 45%, Refiners – 18%, Financial Institutions – 14%, Government Entities – 8% and Trading Companies – 7%. The Corporation reduces its risk related to certain counterparties by using master netting arrangements and requiring collateral, generally cash or letters of credit. The Corporation records the cash collateral received or posted as an offset to the fair value of derivatives executed with the same counterparty. At March 31, 2014 and December 31, 2013, the Corporation held cash from counterparties of $62 million and $79 million, respectively. The Corporation posted cash to counterparties at March 31, 2014 and December 31, 2013, of $19 million and $168 million, respectively.

The Corporation had outstanding letters of credit totaling $389 million and $410 million at March 31, 2014 and December 31, 2013, respectively, primarily issued to satisfy margin requirements (approximately $105 million and $196 million related to discontinued operations at March 31, 2014 and December 31, 2013, respectively). Certain of the Corporation’s agreements also contain contingent collateral provisions that could require the Corporation to post additional collateral if the Corporation’s credit rating declines. As of March 31, 2014, the net liability related to both realized and unrealized derivative contracts with contingent collateral provisions was approximately $152 million ($281 million at December 31, 2013). There was $3 million cash collateral posted on those derivatives at March 31, 2014 ($31 million at December 31, 2013). At March 31, 2014 and at December 31, 2013, all three major credit rating agencies that rate the Corporation’s debt had assigned an investment grade rating. If one of the three agencies were to downgrade the Corporation’s rating to below investment grade, the Corporation would be required to post additional collateral of approximately $104 million at March 31, 2014 and $134 million at December 31, 2013.

Subsequent_Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	16. Subsequent Events
	In April 2014, the Corporation sold its interests in Thailand for proceeds totaling approximately $1 billion, based on an effective date of July 1, 2013. The Corporation also signed an agreement in April 2014, with completion expected mid-year, to sell its 50% interest in a joint venture that is constructing an electric generating facility in Newark, New Jersey for approximately $330 million.

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
Discontinued Operations (Tables)	Mar. 31, 2014
Discontinued Operations And Disposal Groups [Abstract]	'
Summary of Sales and Other Operating Revenues and Income from Discontinued Operations	'

	Sales and other operating revenues and Income from discontinued operations were as follows:




		Three Months Ended
		March 31,
		2014		2013
		(In millions)
	Sales and other operating revenues	$	—	$	4,773


	Income from discontinued operations before income taxes	$	18	$	203

	Current tax provision (benefit)		—		—
	Deferred tax provision (benefit)		7		73

	Provision for income taxes		7		73

	Income from discontinued operations, net of income taxes

Exit_and_Disposal_Costs_Tables

Exit and Disposal Costs (Tables)	3 Months Ended
Exit and Disposal Costs (Tables)	Mar. 31, 2014
Restructuring And Related Activities [Abstract]	'
Components of and Changes in Restructuring Accruals	'
	The following table provides the components of and changes in the Corporation’s restructuring accruals:


		Exploration			Retail			Corporate			Discontinued			Total
		and			Marketing						Operations
		Production			and Other
		(In millions)
	Employee Severance
	Balance at January 1, 2014	$	32		$	40		$	26		$	73		$	171
	Provision		6			17			7			3			33
	Payments		(10	)		—			(5	)		(39	)		(54	)

	Balance at March 31, 2014		28			57			28			37			150


	Facility and Other Exit Costs
	Balance at January 1, 2014		53			4			17			44			118
	Provision		—			13			2			5			20
	Payments		(4	)		(15	)		(1	)		(10	)		(30	)

	Balance at March 31, 2014		49			2			18			39			108


	Total restructuring accruals at March 31, 2014	$	77		$	59		$	46		$	76		$	258

Components of Costs Associated with Corporation's Restructuring Program	'
	The following table provides the classification of costs associated with the Corporation’s restructuring program:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Employee Severance
	Operating costs and expenses	$	—		$	34
	Marketing expenses		17			—
	Exploration expenses, including dry holes and lease impairment		3			14
	General and administrative expenses		10			41
	Income from discontinued operations		3			69

	Total employee severance	$	33		$	158


	Facility and Other Exit Costs
	Marketing expenses	$	13		$	—
	General and administrative expenses		2			—
	Income from discontinued operations		5			21

	Total facility and other exit costs	$	20		$	21

Inventories_Tables

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Mar. 31, 2014
Inventory Disclosure [Abstract]	'
Inventories	'
	Inventories consisted of the following:


		March 31,			December 31,
		2014			2013
		(In millions)
	Crude oil and other charge stocks	$	343		$	291
	Refined petroleum products and natural gas		611			618
	Less: LIFO adjustment		(330	)		(339	)

			624			570
	Merchandise, materials and supplies		431			384

	Total inventories	$	1,055		$	954

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	3 Months Ended
Property, Plant and Equipment (Tables)	Mar. 31, 2014
Property Plant And Equipment [Abstract]	'
Net Changes in Capitalized Exploratory Well Costs	'
	Capitalized Exploratory Well Costs: The following table discloses the net changes in capitalized exploratory well costs pending determination of proved reserves for the three months ended March 31, 2014 (in millions):


	Balance at January 1	$	2,045
	Additions to capitalized exploratory well costs pending the determination of proved reserves		24

	Balance at March 31, 2014	$	2,069

Goodwill_Tables

Goodwill (Tables)	3 Months Ended
Goodwill (Tables)	Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]	'
Changes in Carrying Amount of Goodwill	'
	The changes in the carrying amount of goodwill are as follows (in millions):


	Balance at January 1, 2014		$	1,869
	Acquisitions *			115

	Balance at March 31, 2014		$	1,984


	*	Represents the goodwill resulting from the Corporation’s WilcoHess acquisition. See Note 5, Acquisition, in the Notes to the Consolidated Financial Statements.

Other_NonOperating_Income_Tabl

Other Non-Operating Income (Tables)	3 Months Ended
Other Non-Operating Income (Tables)	Mar. 31, 2014
Other Income And Expenses [Abstract]	'
Pre-Tax Foreign Currency Gains (Losses)	'
	Pre-tax foreign currency gains (losses) included in Other, net in the Statement of Consolidated Income amounted to the following:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Pre-tax foreign currency gains (losses)	$	(6	)	$	(32	)

Retirement_Plans_Tables

Retirement Plans (Tables)	3 Months Ended
Retirement Plans (Tables)	Mar. 31, 2014
Compensation And Retirement Disclosure [Abstract]	'
Components of Net Periodic Pension Cost	'
	Components of net periodic pension cost consisted of the following:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Service cost	$	12		$	20
	Interest cost		25			22
	Expected return on plan assets		(40	)		(33	)
	Amortization of net loss		8			21

	Pension expense	$	5		$	30

Weighted_Average_Common_Shares1

Weighted Average Common Shares (Tables)	3 Months Ended
Weighted Average Common Shares (Tables)	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Net Income and Weighted Average Number of Common Shares Used in Basic and Diluted Earnings Per Share Computations	'
	The net income and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows:


		Three Months Ended
		March 31,
		2014		2013
		(In millions,
		except per share amounts)
	Income from continuing operations, net of income taxes	$	410	$	1,143
	Less: Net income (loss) attributable to noncontrolling interests		35		(3	)

	Net income from continuing operations attributable to Hess Corporation		375		1,146
	Income from discontinued operations, net of income taxes		11		130


	Net income attributable to Hess Corporation	$	386	$	1,276


	Weighted average common shares outstanding:
	Basic		318.1		339.2
	Effect of dilutive securities
	Restricted common stock		1.5		1.3
	Stock options		1.8		1.3
	Performance share units		1.2		0.8

	Diluted		322.6		342.6


	Net income attributable to Hess Corporation per share:
	Basic:
	Continuing operations	$	1.17	$	3.38
	Discontinued operations		0.04		0.38

	Net income per share	$	1.21	$	3.76


	Diluted:
	Continuing operations	$	1.16	$	3.34
	Discontinued operations		0.04		0.38

	Net income per share	$	1.2	$	3.72

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2014
Segment Reporting [Abstract]	'
Corporation's Results by Operating Segment	'
	The Corporation’s results by operating segment were as follows:


		Three Months Ended
		March 31,
		2014			2013
		(In millions)
	Sales and other operating revenues:
	Exploration and Production	$	2,673		$	3,466
	Retail Marketing and Other		2,881			2,640

	Total	$	5,554		$	6,106


	Net income (loss) attributable to Hess Corporation:
	Exploration and Production	$	508		$	1,286
	Retail Marketing and Other		(44	)		(31	)
	Corporate and Interest		(89	)		(109	)

	Income from continuing operations		375			1,146
	Discontinued operations		11			130

	Total	$	386		$	1,276

Schedule of Identifiable Assets by Operating Segment	'
	Identifiable assets by operating segment were as follows:


		March 31,			December 31,
		2014			2013
		(In millions)
	Exploration and Production	$	36,714		$	37,863
	Retail Marketing and Other		3,869			2,644
	Corporate and Interest		657			939

	Continuing operations		41,240			41,446
	Discontinued operations		184			1,308

	Total	$	41,424		$	42,754

Financial_Risk_Management_and_1

Financial Risk Management and Trading Activities (Tables)	3 Months Ended
Financial Risk Management and Trading Activities (Tables)	Mar. 31, 2014
Netting Arrangements on Physical and Financial Derivative Assets and (Liabilities)	'
	The following table provides information about the effect of netting arrangements on the presentation of the Corporation’s physical and financial derivative assets and (liabilities) that are measured at fair value, with the effect of “single counterparty multilateral netting” being included in column (v):


							Gross Amounts Offset								Net Amounts				Gross Amounts
							in the Consolidated								Presented in				Not Offset in
							Balance Sheet								the				the
															Consolidated				Consolidated
			Gross				Physical				Cash				Balance Sheet				Balance Sheet				Net
			Amounts				Derivative and				Collateral*												Amounts
							Financial
							Instruments
			(i)				(ii)				(iii)				(iv)=)+(ii)+(iii)				(v)				(vi)=v)+(v)
			(In millions)
	March 31, 2014
	Assets
	Derivative contracts
	Commodity		$	2,068			$	(1,655	)		$	(52	)		$	361			$	(13	)		$	348
	Interest rate and other			54				(8	)			(10	)			36				—				36
	Counterparty netting			—				(43	)			—				(43	)			—				(43	)

	Total derivative contracts		$	2,122			$	(1,706	)		$	(62	)		$	354			$	(13	)		$	341


	Liabilities
	Derivative contracts
	Commodity		$	(2,148	)		$	1,655			$	19			$	(474	)		$	13			$	(461	)
	Other			(13	)			8				—				(5	)			—				(5	)
	Counterparty netting			—				43				—				43				—				43

	Total derivative contracts		$	(2,161	)		$	1,706			$	19			$	(436	)		$	13			$	(423	)


	December 31, 2013
	Assets
	Derivative contracts
	Commodity		$	3,086			$	(1,867	)		$	(79	)		$	1,140			$	(41	)		$	1,099
	Interest rate and other			51				(10	)			—				41				(3	)			38
	Counterparty netting			—				(206	)			—				(206	)			—				(206	)

	Total derivative contracts		$	3,137			$	(2,083	)		$	(79	)		$	975			$	(44	)		$	931


	Liabilities
	Derivative contracts
	Commodity		$	(3,212	)		$	1,867			$	168			$	(1,177	)		$	41			$	(1,136	)
	Other			(12	)			10				—				(2	)			3				1
	Counterparty netting			—				206				—				206				—				206

	Total derivative contracts		$	(3,224	)		$	2,083			$	168			$	(973	)		$	44			$	(929	)


	*	There is no cash collateral that was not offset in the Consolidated Balance Sheet.
Gross and Net Fair Values of Corporate and Energy Marketing Risk Management and Trading Derivative Instruments	'
	The table below reflects the gross and net fair values of the corporate and energy marketing risk management and trading derivative instruments:


			Accounts				Accounts
			Receivable				Payable
			(In millions)
	March 31, 2014
	Derivative contracts designated as hedging instruments
	Commodity		$	25			$	—
	Interest rate and other			33				(3	)

	Total derivative contracts designated as hedging instruments			58				(3	)


	Derivative contracts not designated as hedging instruments*
	Commodity			2,043				(2,148	)
	Foreign exchange			1				(1	)
	Equity and other			20				(9	)

	Total derivative contracts not designated as hedging instruments			2,064				(2,158	)


	Gross fair value of derivative contracts			2,122				(2,161	)
	Master netting arrangements			(1,706	)			1,706
	Cash collateral (received) posted			(62	)			19

	Net fair value of derivative contracts		$	354			$	(436	)


	December 31, 2013
	Derivative contracts designated as hedging instruments
	Commodity		$	11			$	(3	)
	Interest rate and other			36				(1	)

	Total derivative contracts designated as hedging instruments			47				(4	)


	Derivative contracts not designated as hedging instruments*
	Commodity			3,075				(3,209	)
	Foreign exchange			2				(3	)
	Other			13				(8	)

	Total derivative contracts not designated as hedging instruments			3,090				(3,220	)


	Gross fair value of derivative contracts			3,137				(3,224	)
	Master netting arrangements			(2,083	)			2,083
	Cash collateral (received) posted			(79	)			168

	Net fair value of derivative contracts		$	975			$	(973	)


	*	Includes trading derivatives and derivatives used for risk management.
Fair Values for Corporation's Net Physical Derivative and Financial Assets and (Liabilities)	'

	The following table provides the Corporation’s net physical derivative and financial assets and (liabilities) that are measured at fair value based on this hierarchy:



			Level 1				Level 2				Level 3				Counterparty				Collateral				Balance
			Level 1				Level 2				Level 3				netting				Collateral				Balance
			(In millions)
	March 31, 2014
	Assets
	Derivative contracts
	Commodity		$	124			$	219			$	124			$	(54	)		$	(52	)		$	361
	Interest rate and other			11				34				1				—				(10	)			36
	Collateral and counterparty netting			(1	)			(41	)			(1	)			—				—				(43	)

	Total derivative contracts			134				212				124				(54	)			(62	)			354
	Other assets measured at fair value on a recurring basis			29				—				—				—				—				29

	Total assets measured at fair value		$	163			$	212			$	124			$	(54	)		$	(62	)		$	383	(a)
	on a recurring basis		$	163			$	212			$	124			$	(54	)		$	(62	)		$	383	(a)


	Liabilities
	Derivative contracts
	Commodity		$	(63	)		$	(422	)		$	(62	)		$	54			$	19			$	(474	)
	Other			—				(1	)			(4	)			—				—				(5	)
	Collateral and counterparty netting			1				41				1				—				—				43

	Total derivative contracts			(62	)			(382	)			(65	)			54				19				(436	)
	Other liabilities measured at fair value on a recurring basis			(77	)			—				—				—				—				(77	)

	Total liabilities measured at fair value		$	(139	)		$	(382	)		$	(65	)		$	54			$	19			$	(513	)(b)
	on a recurring basis		$	(139	)		$	(382	)		$	(65	)		$	54			$	19			$	(513	)(b)

	Other fair value measurement disclosures Long-term debt (c)		$	—			$	(6,734	)		$	—			$	—			$	—			$	(6,734	)




			Level 1				Level 2				Level 3				Counterparty				Collateral				Balance
			Level 1				Level 2				Level 3				netting				Collateral				Balance
			(In millions)
	December 31, 2013
	Assets
	Derivative contracts
	Commodity		$	254			$	579			$	494			$	(108	)		$	(79	)		$	1,140
	Interest rate and other			2				37				3				(1	)			—				41
	Collateral and counterparty netting			(15	)			(191	)			—				—				—				(206	)

	Total derivative contracts			241				425				497				(109	)			(79	)			975
	Other assets measured at fair value on a recurring basis			—				—				—				—				—				—

	Total assets measured at fair value		$	241			$	425			$	497			$	(109	)		$	(79	)		$	975
	on a recurring basis		$	241			$	425			$	497			$	(109	)		$	(79	)		$	975


	Liabilities
	Derivative contracts
	Commodity		$	(97	)		$	(1,071	)		$	(285	)		$	108			$	168			$	(1,177	)
	Other			—				(3	)			—				1				—				(2	)
	Collateral and counterparty netting			15				191				—				—				—				206

	Total derivative contracts			(82	)			(883	)			(285	)			109				168				(973	)
Other liabilities measured at fair value on a recurring basis			(31	)			—				—				—				—				(31	)

Total liabilities measured at fair value		$	(113	)		$	(883	)		$	(285	)		$	109			$	168			$	(1,004	)
on a recurring basis		$	(113	)		$	(883	)		$	(285	)		$	109			$	168			$	(1,004	)

Other fair value measurement disclosures		$	—			$	(6,641	)		$	—			$	—			$	—			$	(6,641	)
Long-term debt (c)		$	—			$	(6,641	)		$	—			$	—			$	—			$	(6,641	)



(a)	Includes a total of $134 million of Level 1, $177 million of Level 2 and $51 million of Level 3 assets that relate to the Corporation’s continuing operations.
(b)	Includes a total of $61 million of Level 1, $323 million of Level 2 and $17 million of Level 3 liabilities that relate to the Corporation’s continuing operations.
(c)	Long-term debt, including current maturities, had a carrying value of $5,576 million and $5,798 million at March 31, 2014 and December 31, 2013, respectively.
Net Transfers into and Out of Each Level of Fair Value Hierarchy	'
	The following table provides total net transfers into and out of each level of the fair value hierarchy:


			Three Months Ended
			March 31,
			2014				2013
			(In millions)
	Transfers into Level 1		$	(10	)		$	(1	)
	Transfers out of Level 1			—				—

			$	(10	)		$	(1	)


	Transfers into Level 2		$	(18	)		$	—
	Transfers out of Level 2			5				(1	)

			$	(13	)		$	(1	)


	Transfers into Level 3		$	6			$	2
	Transfers out of Level 3			17				—

			$	23			$	2

Changes in Physical Derivatives and Financial Assets and (Liabilities) Primarily Related to Commodities that are Measured at Fair Value Based on Level 3 Inputs	'
	The following table provides changes in physical derivatives and financial assets and (liabilities) primarily related to commodities that are measured at fair value based on Level 3 inputs:


			Three Months Ended
			March 31,
			2014				2013
			(In millions)
	Balance at January 1		$	212			$	141
	Unrealized pre-tax gains (losses) included in earnings (a)			(304	)			(63	)
	Purchases (b)			5				28
	Sales (b)			(4	)			(23	)
	Settlements (c)			127				(15	)
	Transfers into Level 3			6				2
	Transfers out of Level 3			17				—

	Balance at March 31		$	59			$	70


	(a)	The unrealized pre-tax gains and losses included in earnings were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.
	(b)	Purchases and sales primarily represent option premiums paid or received, respectively, during the reporting period and were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.
	(c)	Settlements represent realized gains and losses on derivatives settled during the reporting period and were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.
Commodity Contracts with a Fair Value	'
	The significant unobservable inputs used in Level 3 fair value measurements for the Corporation’s physical commodity contracts and derivative instruments primarily include less liquid delivered locations for physical commodity contracts or volatility assumptions for out-of-the-money options. The following table provides information about the Corporation’s significant recurring unobservable inputs used in the Level 3 fair value measurements. Natural gas contracts are usually quoted and transacted using basis pricing relative to an active pricing location (e.g. Henry Hub), for which price inputs represent the approximate value of differences in geography and local market conditions. All other price inputs in the table below represent full contract prices. Significant changes in any of the inputs, independently or correlated, may result in a different fair value.


			Unit of		Range /
			Measurement		Weighted Average
	March 31, 2014
	Assets
	Commodity contracts with a fair value of $124 million
	Contract prices
	Crude oil and refined petroleum products		$ / bbl (a)		$81.13 - 176.82 / 110.61
	Electricity		$ / MWH (b)		$17.01 - 153.10 / 59.08

	Basis prices
	Natural gas		$ / MMBTU (c)		$(4.69) - 13.75 / 0.03

	Contract volatilities
	Crude oil and refined petroleum products		%		15.79 - 17.44 / 17.07
	Natural gas		%		17.00 - 31.00 / 23.00
	Electricity		%		19.00 - 42.00 / 35.00


	Liabilities
	Commodity contracts with a fair value of $62 million
	Contract prices
	Crude oil and refined petroleum products		$ / bbl (a)		$83.85 - 173.46 / 107.73
	Electricity		$ / MWH (b)		$21.16 - 156.10 / 65.30

	Basis prices
	Natural gas		$ / MMBTU (c)		$(2.15) - 13.60 / 2.64

	Contract volatilities
	Crude oil and refined petroleum products		%		16.00 - 16.00 / 16.00
	Electricity		%		19.00 - 42.00 / 33.00


	December 31, 2013
	Assets
	Commodity contracts with a fair value of $494 million
	Contract prices
	Crude oil and refined petroleum products		$ / bbl (a)		$78.45 - 228.86 / 118.68
	Electricity		$ / MWH (b)		$19.52 - 165.75 / 45.76

	Basis prices
	Natural gas		$ / MMBTU (c)		$(4.99) - 18.10 / 0.23

	Contract volatilities
	Crude oil and refined petroleum products		%		16.00 - 18.00 / 17.00
	Natural gas		%		17.00 - 35.00 / 22.00
	Electricity		%		16.00 - 36.00 / 23.00



			Unit of		Range /
			Measurement		Weighted Average
	December 31, 2013
	Liabilities
	Commodity contracts with a fair value of $285 million
	Contract prices
	Crude oil and refined petroleum products		$ / bbl (a)		$57.45 - 183.89 / 122.54
	Electricity		$ / MWH (b)		$26.48 - 155.33 / 43.12

	Basis prices
	Natural gas		$ / MMBTU (c)		$(1.90) - 18.00 / (0.62)

Contract volatilities
Crude oil and refined petroleum products		%		16.00 - 17.00 / 17.00
Natural gas		%		34.00 - 35.00 / 35.00
Electricity		%		16.00 - 36.00 / 22.00


(a)	Price per barrel.
(b)	Price per megawatt hour.
(c)	Price per million British thermal unit.
Note: Fair value measurement for all recurring inputs was performed using a combination of income and market approach techniques.
Corporate Risk Management [Member]	'
Gross Volumes of Corporation's Derivative Contracts Outstanding	'
	The gross volumes of the Corporate risk management derivative contracts outstanding were as follows:


			March 31,				December 31,
			2014				2013
	Commodity, primarily crude oil (millions of barrels)			8				9
	Foreign exchange (millions of USD *)		$	883			$	220
	Interest rate swaps (millions of USD)		$	615			$	865

	*	Denominated in U.S. dollars (USD).
Net Realized and Unrealized Pre-Tax Gains (Losses) on Derivative Contracts Used in Corporate Risk Management Activities and Not Designated as Hedges	'
	Net realized and unrealized pre-tax gains (losses) on derivative contracts used in Corporate Risk Management activities and not designated as hedges amounted to the following:


			Three Months Ended
			March 31,
			2014				2013
			(In millions)
	Foreign exchange		$	—			$	(33	)




Trading Activities [Member]	'
Gross Volumes of Corporation's Derivative Contracts Outstanding	'
	The gross volumes of derivative contracts outstanding related to trading activities were as follows:


			March 31,				December 31,
			2014				2013
	Commodity
	Crude oil and refined petroleum products (millions of barrels)			1,823				1,815
	Natural gas (millions of mcf)			2,842				2,735
	Electricity (millions of megawatt hours)			1				1
	Foreign exchange (millions of USD)		$	71			$	52
	Equity securities (millions of shares)			19				11
Net Realized and Unrealized Pre-Tax Gains (Losses) on Derivative Contracts Used in Corporate Risk Management Activities and Not Designated as Hedges	'

	Pre-tax unrealized and realized gains (losses) recorded in the Statement of Consolidated Income from trading activities amounted to the following:



			Three Months Ended
			March 31,
			2014				2013
			(In millions)
	Commodity		$	85			$	(7	)
	Other			15				6

	Total *		$	100			$	(1	)


	*	The unrealized pre-tax gains and losses included in earnings were reflected in Sales and other operating revenues and Income from discontinued operations in the Statement of Consolidated Income.

Discontinued_Operations_Summar

Discontinued Operations - Summary of Sales and Other Operating Revenues and Income from Discontinued Operations (Detail) (Discontinued Downstream Businesses [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Discontinued Downstream Businesses [Member]	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Sales and other operating revenues	'	$4,773
Income from discontinued operations before income taxes	18	203
Current tax provision (benefit)	'	'
Deferred tax provision (benefit)	7	73
Provision for income taxes	7	73
Income from discontinued operations, net of income taxes	$11	$130

Exit_and_Disposal_Costs_Compon

Exit and Disposal Costs - Components of and Changes in Restructuring Accruals (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Restructuring Cost and Reserve [Line Items]	'
Balance at ending of period	$258
Employee Severance [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	171
Provision	33
Payments	-54
Balance at ending of period	150
Facility and Other Exit Costs [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	118
Provision	20
Payments	-30
Balance at ending of period	108
Continuing Operations [Member] \| Exploration and Production [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at ending of period	77
Continuing Operations [Member] \| Retail Marketing and Other [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at ending of period	59
Continuing Operations [Member] \| Corporate [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at ending of period	46
Continuing Operations [Member] \| Employee Severance [Member] \| Exploration and Production [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	32
Provision	6
Payments	-10
Balance at ending of period	28
Continuing Operations [Member] \| Employee Severance [Member] \| Retail Marketing and Other [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	40
Provision	17
Payments	'
Balance at ending of period	57
Continuing Operations [Member] \| Employee Severance [Member] \| Corporate [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	26
Provision	7
Payments	-5
Balance at ending of period	28
Continuing Operations [Member] \| Facility and Other Exit Costs [Member] \| Exploration and Production [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	53
Provision	'
Payments	-4
Balance at ending of period	49
Continuing Operations [Member] \| Facility and Other Exit Costs [Member] \| Retail Marketing and Other [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	4
Provision	13
Payments	-15
Balance at ending of period	2
Continuing Operations [Member] \| Facility and Other Exit Costs [Member] \| Corporate [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	17
Provision	2
Payments	-1
Balance at ending of period	18
Discontinued Operations [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at ending of period	76
Discontinued Operations [Member] \| Employee Severance [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	73
Provision	3
Payments	-39
Balance at ending of period	37
Discontinued Operations [Member] \| Facility and Other Exit Costs [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Balance at beginning of period	44
Provision	5
Payments	-10
Balance at ending of period	$39

Exit_and_Disposal_Costs_Compon1

Exit and Disposal Costs - Components of Costs Associated with Corporation's Restructuring Program (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Employee Severance [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Employee severance	$33	$158
Employee Severance [Member] \| Exploration Expenses, Including Dry Holes and Lease Impairment [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Employee severance	3	14
Employee Severance [Member] \| Operating Costs and Expenses [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Employee severance	'	34
Employee Severance [Member] \| Marketing Expenses [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Employee severance	17	'
Employee Severance [Member] \| General and Administrative Expenses [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Employee severance	10	41
Employee Severance [Member] \| Income from Discontinued Operations [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Employee severance	3	69
Facility and other Exit Costs [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Facility and other exit costs	20	21
Facility and other Exit Costs [Member] \| Marketing Expenses [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Facility and other exit costs	13	'
Facility and other Exit Costs [Member] \| General and Administrative Expenses [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Facility and other exit costs	2	'
Facility and other Exit Costs [Member] \| Income from Discontinued Operations [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Facility and other exit costs	$5	$21

Exit_and_Disposal_Costs_Additi

Exit and Disposal Costs - Additional Information (Detail) (USD $)

3 Months Ended

In Millions, unless otherwise specified

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Employee Severance [Member]

Facility and Other Exit Costs [Member]

Continuing Operations [Member]

Discontinued Operations [Member]

Exploration and Production [Member]

Retail Marketing and Other [Member]

Corporate [Member]

Employee Severance [Member]

Facility and Other Exit Costs [Member]

Employee Severance [Member]

Facility and Other Exit Costs [Member]

Employee Severance [Member]

Facility and Other Exit Costs [Member]

Employee Severance [Member]

Facility and Other Exit Costs [Member]

Restructuring Cost and Reserve [Line Items]

Enhanced benefit arrangements

$25

$10

Accrued restructuring costs

$258

$150

$171

$108

$118

$77

$28

$32

$49

$53

$59

$57

$40

$46

$28

$26

$18

$17

$76

$37

$73

$39

$44

Percentage of accrued employee severance to be paid in current year

80.00%

Percentage of accrued facility and other exit costs to be paid in current year

35.00%

Dispositions_Additional_Inform

Dispositions - Additional Information (Detail) (USD $)	3 Months Ended				1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Jan. 31, 2014	Mar. 31, 2014	Jan. 31, 2014	Mar. 31, 2013	Mar. 31, 2013	Mar. 31, 2013	Jan. 31, 2013
			Pangkah [Member]	Exploration Block Indonesia [Member]	Utica Shale [Member]	Utica Shale [Member]	Azeri-Chirag-Guneshli (ACG) Fields [Member]	Baku-Tbilisi-Ceyhan (BTC) Pipeline [Member]	Baku-Tbilisi-Ceyhan Pipeline and Azeri-Chirag-Guneshli Fields [Member]	Beryl Fields and Scottish Area Gas Evacuation System (SAGE) [Member]
					acre	acre
Dispositions [Abstract]	'	'	'	'	'	'	'	'	'	'
Cash proceeds from asset sales	$1,237	$1,326	$650	'	$590	$924	'	'	$884	$442
Gain (loss) on asset sale, pre-tax	'	'	31	-20	'	'	'	'	'	'
Goodwill written off related to sale of business unit	'	'	56	'	'	'	'	'	'	'
Undeveloped area of land under agreement to sell	'	'	'	'	'	74,000	'	'	'	'
Undeveloped area of land sold	'	'	'	'	47,000	'	'	'	'	'
Corporation's proportionate interest in oil and gas assets (in percentage)	'	'	'	'	'	'	3.00%	2.00%	'	'
Gain (loss) on asset sale, after-tax	'	'	'	'	'	'	'	'	$360	$323

Acquisition_Additional_Informa

Acquisition - Additional Information (Detail) (USD $)	3 Months Ended	0 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Jan. 31, 2014
	Mar. 31, 2014	WilcoHess [Member]
Business Acquisition [Line Items]	'	'
Percentage of equity interest	'	56.00%
Business acquisition, cost of acquired entity, purchase price	'	$290
Adjustments of equity investment to fair value, pre-tax gain	39	39
Adjustments of equity investment to fair value, after income taxes	'	$24

Inventories_Inventories_Detail

Inventories - Inventories (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]	'	'
Crude oil and other charge stocks	$343	$291
Refined petroleum products and natural gas	611	618
Less: LIFO adjustment	-330	-339
Total net crude oil, natural gas and refined petroleum product inventories	624	570
Merchandise, materials and supplies	431	384
Total inventories	$1,055	$954

Inventories_Additional_Informa

Inventories - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Inventory [Line Items]	'	'	'
Effect of LIFO inventory liquidation on income, Before tax	$25	$218	'
Effect of LIFO inventory liquidation on income, After tax	16	137	'
Total inventories	1,055	'	954
E&P Segment [Member]	'	'	'
Inventory [Line Items]	'	'	'
Total inventories	$655	'	$599

Property_Plant_and_Equipment_E

Property, Plant and Equipment - Exploration and Production - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Exploration and Production [Member]	Exploration and Production [Member]	Pangkah [Member]
Significant Acquisitions and Disposals [Line Items]	'	'	'	'	'
Carrying amount of properties classified as held for sale	'	'	$366	$1,097	'
Goodwill allocated	1,984	1,869	76	76	'
Assets retirement obligations and deferred income taxes reported in Liabilities associated with assets held for sale	$193	$286	$193	$286	'
Corporation's proportionate interest in oil and gas assets (in percentage)	'	'	'	'	75.00%

Property_Plant_and_Equipment_N

Property, Plant and Equipment - Net Changes in Capitalized Exploratory Well Costs (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Property Plant And Equipment [Abstract]	'
Balance at January 1	$2,045
Additions to capitalized exploratory well costs pending the determination of proved reserves	24
Balance at March 31, 2014	$2,069

Property_Plant_and_Equipment_C

Property, Plant and Equipment - Capitalized Exploratory Well Costs - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
	Well	Scenario Forecast [Member]	Stampede [Member]	Block WA-390-P, offshore Western Australia [Member]	Pony Project - Block 468 [Member]	Pony #3 Well - Block 469 [Member]	Offshore Ghana [Member]
		Well
Capitalized Costs of Unproved Properties Excluded from Amortization [Line Items]	'	'	'	'	'	'	'
Exploratory dry hole costs which were incurred and subsequently expensed	$9	'	'	'	'	'	'
Capitalized exploratory well costs that have been capitalized for period greater than one year	$1,956	'	'	'	'	'	'
Capitalized well costs	'	'	'	43.00%	26.00%	7.00%	19.00%
Working interest in the blocks	'	'	25.00%	'	'	'	'
Number of consecutive successful exploration wells	7	'	'	'	'	'	'
Number of well appraisal drilling plans	7	'	'	'	'	'	'
Number of well appraisal drilling plans approved	4	3	'	'	'	'	'

Goodwill_Changes_in_Carrying_A

Goodwill - Changes in Carrying Amount of Goodwill (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]	'
Balance at beginning of period	$1,869
Acquisitions	115
Balance at end of period	$1,984

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2014	Mar. 31, 2014
Debt Instrument [Line Items]	'	'
Repayments of debt	$333	'
Borrowings or repayments under Corporation's revolving credit facility	'	'
WilcoHess [Member]	'	'
Debt Instrument [Line Items]	'	'
Repayments of debt	$74	'

Other_NonOperating_Income_Addi

Other Non-Operating Income - Additional Information (Detail) (Bayonne Energy Center [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Other Non operating Income Expense [Line Items]	'
Joint venture ownership interest percentage	50.00%
Level 3 [Member]	'
Other Non operating Income Expense [Line Items]	'
Charge to reduce to fair value	$84
Charge to reduce to fair value, after income taxes	$52

Other_NonOperating_Income_PreT

Other Non-Operating Income - Pre-Tax Foreign Currency Gains (Losses) (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Foreign Currency [Abstract]	'	'
Pre-tax foreign currency gains (losses)	($6)	($32)

Retirement_Plans_Components_of

Retirement Plans - Components of Net Periodic Pension Cost (Detail) (Pension Plans [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Pension Plans [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	$12	$20
Interest cost	25	22
Expected return on plan assets	-40	-33
Amortization of net loss	8	21
Pension expense	$5	$30

Retirement_Plans_Additional_In

Retirement Plans - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Compensation And Retirement Disclosure [Abstract]	'
Budgeted contributions to funded pension plans in 2014	$80
Corporation contributed to its pension plans	$20

Weighted_Average_Common_Shares2

Weighted Average Common Shares - Net Income and Weighted Average Number of Common Shares Used in Basic and Diluted Earnings Per Share Computations (Detail) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'
Income from continuing operations, net of income taxes	$410	$1,143
Less: Net income (loss) attributable to noncontrolling interests	35	-3
Net income from continuing operations attributable to Hess Corporation	375	1,146
Income from discontinued operations, net of income taxes	11	130
Net income attributable to Hess Corporation	$386	$1,276
Weighted average common shares outstanding:	'	'
Basic	318.1	339.2
Effect of dilutive securities	'	'
Restricted common stock	1.5	1.3
Stock options	1.8	1.3
Performance share units	1.2	0.8
Diluted	322.6	342.6
Basic:	'	'
Continuing operations	$1.17	$3.38
Discontinued operations	$0.04	$0.38
Net income per share	$1.21	$3.76
DILUTED:	'	'
Continuing operations	$1.16	$3.34
Discontinued operations	$0.04	$0.38
Net income per share	$1.20	$3.72

Weighted_Average_Common_Shares3

Weighted Average Common Shares - Additional Information (Detail) (USD $)	3 Months Ended							1 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
	Mar. 31, 2014	Mar. 31, 2013	Restricted Stock [Member]	Restricted Stock [Member]	Performance Share Units [Member]	Performance Share Units [Member]	Stock Options [Member]	Maximum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'	'	'	'
Shares granted	'	'	1,016,801	1,199,332	292,662	279,093	162,911	'
Out-of-the-money stock options	3,371,122	6,077,460	'	'	'	'	'	'
Repurchase of outstanding common stock	'	'	'	'	'	'	'	$4,000,000,000
Number of shares purchased	12,600,000	'	'	'	'	'	'	'
Shares purchased value	998,000,000	'	'	'	'	'	'	'
Additional amount of common stock that may be repurchased under this board authorized plan	$1,500,000,000	'	'	'	'	'	'	'
Average cost per share of share repurchased	$79.33	'	'	'	'	'	'	'

Guarantees_and_Contingencies_A

Guarantees and Contingencies - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Litigation settlement for MTBE	$35
Settlement is subject to completion of notice and comment period	'30 days

Segment_Information_Additional

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014
	Segment
Segment Reporting [Abstract]	'
Number of operating segments for the Corporation	2

Segment_Information_Schedule_o

Segment Information - Schedule of Financial Information by Operating Segment (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
Sales and other operating revenues	$5,554	$6,106
Net income (loss) attributable to Hess Corporation:	'	'
Net income from continuing operations attributable to Hess Corporation	375	1,146
Discontinued operations	11	130
NET INCOME ATTRIBUTABLE TO HESS CORPORATION	386	1,276
Exploration and Production [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales and other operating revenues	2,673	3,466
Net income (loss) attributable to Hess Corporation:	'	'
Net income from continuing operations attributable to Hess Corporation	508	1,286
Retail Marketing and Other [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Sales and other operating revenues	2,881	2,640
Net income (loss) attributable to Hess Corporation:	'	'
Net income from continuing operations attributable to Hess Corporation	-44	-31
Corporate and Interest [Member]	'	'
Net income (loss) attributable to Hess Corporation:	'	'
Net income from continuing operations attributable to Hess Corporation	($89)	($109)

Segment_Information_Schedule_o1

Segment Information - Schedule of Identifiable Assets by Operating Segment (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'
Identifiable assets	$41,424	$42,754
Continuing Operations [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Identifiable assets	41,240	41,446
Continuing Operations [Member] \| Exploration and Production [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Identifiable assets	36,714	37,863
Continuing Operations [Member] \| Retail Marketing and Other [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Identifiable assets	3,869	2,644
Continuing Operations [Member] \| Corporate and Interest [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Identifiable assets	657	939
Discontinued Operations [Member]	'	'
Segment Reporting Information [Line Items]	'	'
Identifiable assets	$184	$1,308

Financial_Risk_Management_and_2

Financial Risk Management and Trading Activities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments And Hedging Activities Disclosure [Abstract]	'
Voting interest in trading partnership	50.00%

Financial_Risk_Management_and_3

Financial Risk Management and Trading Activities - Gross Volumes of Corporation's Derivative Contracts Outstanding (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Interest rate swaps [Member]	'	'
Derivative [Line Items]	'	'
Derivative notional amount	$615	$865
Gross volumes of derivative contracts outstanding relating to trading activities [Member] \| Foreign exchange [Member]	'	'
Derivative [Line Items]	'	'
Derivative notional amount	71	52
Gross volumes of derivative contracts outstanding relating to trading activities [Member] \| Crude oil and refined petroleum products (millions of barrels) [Member]	'	'
Derivative [Line Items]	'	'
Absolute volume of derivative commodity contracts	1,823	1,815
Gross volumes of derivative contracts outstanding relating to trading activities [Member] \| Natural gas (millions of mcf) [Member]	'	'
Derivative [Line Items]	'	'
Absolute volume of derivative commodity contracts	2,842	2,735
Gross volumes of derivative contracts outstanding relating to trading activities [Member] \| Electricity (millions of megawatt hours) [Member]	'	'
Derivative [Line Items]	'	'
Absolute volume of derivative commodity contracts	1	1
Gross volumes of derivative contracts outstanding relating to trading activities [Member] \| Equity securities (millions of shares) [Member]	'	'
Derivative [Line Items]	'	'
Derivative notional amount	19	11
Gross volumes of the Corporate risk management derivative contracts outstanding [Member] \| Foreign exchange [Member]	'	'
Derivative [Line Items]	'	'
Derivative notional amount	883	220
Gross volumes of the Corporate risk management derivative contracts outstanding [Member] \| Interest rate swaps [Member]	'	'
Derivative [Line Items]	'	'
Derivative notional amount	$615	$865
Gross volumes of the Corporate risk management derivative contracts outstanding [Member] \| Commodity, primarily crude oil (millions of barrels) [Member]	'	'
Derivative [Line Items]	'	'
Absolute volume of derivative commodity contracts	8	9

Financial_Risk_Management_and_4

Financial Risk Management and Trading Activities - Corporate Risk Management Activities - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
	BOPD	BOPD	BOPD
Derivative [Line Items]	'	'	'
Total number of barrels per day hedged based on new Brent crude oil cash flow hedges	'	90,000	25,000
Total number of additional barrels per day hedged based on new Brent crude oil cash flow hedges	5,000	'	'
Average price per barrel	109.11	109.7	'
Interest rate swaps [Member]	'	'	'
Derivative [Line Items]	'	'	'
Derivative notional amount	$615	'	865
New Brent Crude Hedges [Member]	'	'	'
Derivative [Line Items]	'	'	'
Change in the carrying value of the hedged fixed-rate debt - increase/(decrease)	1	-5	'
Change in the fair value of interest rate swaps - increase/(decrease)	1	-5	'
Corporate Risk Management [Member] \| New Brent Crude Hedges [Member]	'	'	'
Derivative [Line Items]	'	'	'
Gain (loss) on ineffectiveness reflected in earnings	-1	15	'
Corporate Risk Management [Member] \| Closed & New Brent Crude Hedges [Member]	'	'	'
Derivative [Line Items]	'	'	'
After-tax deferred gains in Accumulated other comprehensive income (loss)	13	'	'
Sales and other operating revenues [Member]	'	'	'
Derivative [Line Items]	'	'	'
Realized gains (losses) from E&P hedging activities due to the increase (decrease) in sales and other operating revenues	3	18	'
Realized gains (losses) from E&P hedging activities net of income taxes	$2	$11	'

Financial_Risk_Management_and_5

Financial Risk Management and Trading Activities - Net Realized and Unrealized Pre-Tax Gains (Losses) on Derivative Contracts Used in Corporate Risk Management Activities and Not Designated as Hedges (Detail) (Foreign exchange [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Foreign exchange [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Net realized and unrealized pre-tax gains (losses) on derivative contracts used in Corporate Risk Management activities and not designated as hedges	'	($33)

Financial_Risk_Management_and_6

Financial Risk Management and Trading Activities - Trading Activities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments And Hedging Activities Disclosure [Abstract]	'
Voting interest in trading partnership	50.00%
Percentage of information disclosed for trading partnership	100.00%

Financial_Risk_Management_and_7

Financial Risk Management and Trading Activities - Pre-Tax Unrealized and Realized Gains (Losses) from Trading Activities (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Pre-tax unrealized and realized gains (losses) from trading activities	$100	($1)
Commodity [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Pre-tax unrealized and realized gains (losses) from trading activities	85	-7
Other [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Pre-tax unrealized and realized gains (losses) from trading activities	$15	$6

Financial_Risk_Management_and_8

Financial Risk Management and Trading Activities - Netting Arrangements on Physical and Financial Derivative Assets and (Liabilities) (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts, Assets	$2,122	$3,137
Physical Derivative and Financial Instruments, Assets	-1,706	-2,083
Cash Collateral, Assets	-62	-79
Net Amounts Presented in the Consolidated Balance Sheet, Assets	354	975
Gross Amounts Not Offset in the Consolidated Balance Sheet, Assets	-13	-44
Net Amounts, Assets	341	931
Gross Amounts, Liabilities	-2,161	-3,224
Physical Derivative and Financial Instruments, Liabilities	1,706	2,083
Cash Collateral, Liabilities	19	168
Net Amounts Presented in the Consolidated Balance Sheet, Liabilities	-436	-973
Gross Amounts Not Offset in the Consolidated Balance Sheet, Liabilities	13	44
Net Amounts, Liabilities	-423	-929
Commodity [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts, Assets	2,068	3,086
Physical Derivative and Financial Instruments, Assets	-1,655	-1,867
Cash Collateral, Assets	-52	-79
Net Amounts Presented in the Consolidated Balance Sheet, Assets	361	1,140
Gross Amounts Not Offset in the Consolidated Balance Sheet, Assets	-13	-41
Net Amounts, Assets	348	1,099
Gross Amounts, Liabilities	-2,148	-3,212
Physical Derivative and Financial Instruments, Liabilities	1,655	1,867
Cash Collateral, Liabilities	19	168
Net Amounts Presented in the Consolidated Balance Sheet, Liabilities	-474	-1,177
Gross Amounts Not Offset in the Consolidated Balance Sheet, Liabilities	13	41
Net Amounts, Liabilities	-461	-1,136
Interest rate and other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts, Assets	54	51
Physical Derivative and Financial Instruments, Assets	-8	-10
Cash Collateral, Assets	-10	'
Net Amounts Presented in the Consolidated Balance Sheet, Assets	36	41
Gross Amounts Not Offset in the Consolidated Balance Sheet, Assets	'	-3
Net Amounts, Assets	36	38
Other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Gross Amounts, Liabilities	-13	-12
Physical Derivative and Financial Instruments, Liabilities	8	10
Net Amounts Presented in the Consolidated Balance Sheet, Liabilities	-5	-2
Gross Amounts Not Offset in the Consolidated Balance Sheet, Liabilities	'	3
Net Amounts, Liabilities	-5	1
Counterparty netting [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Physical Derivative and Financial Instruments, Assets	-43	-206
Net Amounts Presented in the Consolidated Balance Sheet, Assets	-43	-206
Net Amounts, Assets	-43	-206
Physical Derivative and Financial Instruments, Liabilities	43	206
Net Amounts Presented in the Consolidated Balance Sheet, Liabilities	43	206
Net Amounts, Liabilities	$43	$206

Financial_Risk_Management_and_9

Financial Risk Management and Trading Activities - Fair Value Measurements - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivative [Line Items]	'	'
Total net derivative contract assets	$341	$931
Total net derivative contract liabilities	423	929
Discontinued Operations [Member]	'	'
Derivative [Line Items]	'	'
Total net derivative contract assets	72	612
Total net derivative contract liabilities	$93	$620

Recovered_Sheet1

Financial Risk Management and Trading Activities - Gross and Net Fair Values of Corporate and Energy Marketing Risk Management and Trading Derivative Instruments (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]	'	'
Cash collateral (received) posted	$3	$31
Accounts Receivable [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts designated as hedging instruments	58	47
Derivative contracts not designated as hedging instruments	2,064	3,090
Gross fair value of derivative contracts	2,122	3,137
Master netting arrangements	-1,706	-2,083
Cash collateral (received) posted	-62	-79
Net fair value of derivative contracts	354	975
Accounts Receivable [Member] \| Commodity [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts designated as hedging instruments	25	11
Derivative contracts not designated as hedging instruments	2,043	3,075
Accounts Receivable [Member] \| Interest rate and other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts designated as hedging instruments	33	36
Accounts Receivable [Member] \| Foreign exchange [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts not designated as hedging instruments	1	2
Accounts Receivable [Member] \| Equity and other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts not designated as hedging instruments	20	'
Accounts Receivable [Member] \| Other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts not designated as hedging instruments	'	13
Accounts Payable [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts designated as hedging instruments	-3	-4
Derivative contracts not designated as hedging instruments	-2,158	-3,220
Gross fair value of derivative contracts	-2,161	-3,224
Master netting arrangements	1,706	2,083
Cash collateral (received) posted	19	168
Net fair value of derivative contracts	-436	-973
Accounts Payable [Member] \| Commodity [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts designated as hedging instruments	'	-3
Derivative contracts not designated as hedging instruments	-2,148	-3,209
Accounts Payable [Member] \| Interest rate and other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts designated as hedging instruments	-3	-1
Accounts Payable [Member] \| Foreign exchange [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts not designated as hedging instruments	-1	-3
Accounts Payable [Member] \| Equity and other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts not designated as hedging instruments	-9	'
Accounts Payable [Member] \| Other [Member]	'	'
Derivatives, Fair Value [Line Items]	'	'
Derivative contracts not designated as hedging instruments	'	($8)

Recovered_Sheet2

Financial Risk Management and Trading Activities - Fair Values for Corporation's Net Physical Derivative and Financial Assets and (Liabilities) (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Assets	'	'
Net derivative contracts (Assets)	$354	$975
Other assets measured at fair value on a recurring basis	29	'
Total assets measured at fair value on a recurring basis	383	975
Liabilities	'	'
Net derivative contracts (Liabilities)	-436	-973
Other liabilities measured at fair value on a recurring basis	-77	-31
Total liabilities measured at fair value on a recurring basis	-513	-1,004
Other fair value measurement disclosures Long-term debt	-6,734	-6,641
Commodity [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	361	1,140
Liabilities	'	'
Total derivative contracts (Liabilities)	-474	-1,177
Interest rate and other [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	36	41
Net derivative contracts (Assets)	36	41
Collateral and counterparty netting [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	-43	-206
Liabilities	'	'
Net derivative contracts (Liabilities)	43	206
Other [Member]	'	'
Liabilities	'	'
Total derivative contracts (Liabilities)	-5	-2
Level 1 [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	134	241
Other assets measured at fair value on a recurring basis	29	'
Total assets measured at fair value on a recurring basis	163	241
Liabilities	'	'
Net derivative contracts (Liabilities)	-62	-82
Other liabilities measured at fair value on a recurring basis	-77	-31
Total liabilities measured at fair value on a recurring basis	-139	-113
Other fair value measurement disclosures Long-term debt	'	'
Level 1 [Member] \| Commodity [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	124	254
Liabilities	'	'
Total derivative contracts (Liabilities)	-63	-97
Level 1 [Member] \| Interest rate and other [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	11	2
Level 1 [Member] \| Collateral and counterparty netting [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	-1	-15
Liabilities	'	'
Net derivative contracts (Liabilities)	1	15
Level 1 [Member] \| Other [Member]	'	'
Liabilities	'	'
Total derivative contracts (Liabilities)	'	'
Level 2 [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	212	425
Other assets measured at fair value on a recurring basis	'	'
Total assets measured at fair value on a recurring basis	212	425
Liabilities	'	'
Net derivative contracts (Liabilities)	-382	-883
Other liabilities measured at fair value on a recurring basis	'	'
Total liabilities measured at fair value on a recurring basis	-382	-883
Other fair value measurement disclosures Long-term debt	-6,734	-6,641
Level 2 [Member] \| Commodity [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	219	579
Liabilities	'	'
Total derivative contracts (Liabilities)	-422	-1,071
Level 2 [Member] \| Interest rate and other [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	34	37
Level 2 [Member] \| Collateral and counterparty netting [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	-41	-191
Liabilities	'	'
Net derivative contracts (Liabilities)	41	191
Level 2 [Member] \| Other [Member]	'	'
Liabilities	'	'
Total derivative contracts (Liabilities)	-1	-3
Level 3 [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	124	497
Other assets measured at fair value on a recurring basis	'	'
Total assets measured at fair value on a recurring basis	124	497
Liabilities	'	'
Net derivative contracts (Liabilities)	-65	-285
Other liabilities measured at fair value on a recurring basis	'	'
Total liabilities measured at fair value on a recurring basis	-65	-285
Other fair value measurement disclosures Long-term debt	'	'
Level 3 [Member] \| Commodity [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	124	494
Liabilities	'	'
Total derivative contracts (Liabilities)	-62	-285
Level 3 [Member] \| Interest rate and other [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	1	3
Level 3 [Member] \| Collateral and counterparty netting [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	-1	'
Liabilities	'	'
Net derivative contracts (Liabilities)	1	'
Level 3 [Member] \| Other [Member]	'	'
Liabilities	'	'
Total derivative contracts (Liabilities)	-4	'
Counterparty netting [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	-54	-109
Other assets measured at fair value on a recurring basis	'	'
Total assets measured at fair value on a recurring basis	-54	-109
Liabilities	'	'
Net derivative contracts (Liabilities)	54	109
Other liabilities measured at fair value on a recurring basis	'	'
Total liabilities measured at fair value on a recurring basis	54	109
Other fair value measurement disclosures Long-term debt	'	'
Counterparty netting [Member] \| Commodity [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	-54	-108
Liabilities	'	'
Total derivative contracts (Liabilities)	54	108
Counterparty netting [Member] \| Interest rate and other [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	'	-1
Counterparty netting [Member] \| Collateral and counterparty netting [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	'	'
Liabilities	'	'
Net derivative contracts (Liabilities)	'	'
Counterparty netting [Member] \| Other [Member]	'	'
Liabilities	'	'
Total derivative contracts (Liabilities)	'	1
Collateral [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	-62	-79
Other assets measured at fair value on a recurring basis	'	'
Total assets measured at fair value on a recurring basis	-62	-79
Liabilities	'	'
Net derivative contracts (Liabilities)	19	168
Other liabilities measured at fair value on a recurring basis	'	'
Total liabilities measured at fair value on a recurring basis	19	168
Other fair value measurement disclosures Long-term debt	'	'
Collateral [Member] \| Commodity [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	-52	-79
Liabilities	'	'
Total derivative contracts (Liabilities)	19	168
Collateral [Member] \| Interest rate and other [Member]	'	'
Assets	'	'
Total derivative contracts (Assets)	-10	'
Collateral [Member] \| Collateral and counterparty netting [Member]	'	'
Assets	'	'
Net derivative contracts (Assets)	'	'
Liabilities	'	'
Net derivative contracts (Liabilities)	'	'
Collateral [Member] \| Other [Member]	'	'
Liabilities	'	'
Total derivative contracts (Liabilities)	'	'

Recovered_Sheet3

Financial Risk Management and Trading Activities - Fair Values for Corporation's Net Physical Derivative and Financial Assets and (Liabilities) (Parenthetical) (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured at fair value on a recurring basis	$383	$975
Total liabilities measured at fair value on a recurring basis	513	1,004
Long-term debt including current maturities	5,576	5,798
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured at fair value on a recurring basis	163	241
Total liabilities measured at fair value on a recurring basis	139	113
Level 1 [Member] \| Continuing Operations [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured at fair value on a recurring basis	134	'
Total liabilities measured at fair value on a recurring basis	61	'
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured at fair value on a recurring basis	212	425
Total liabilities measured at fair value on a recurring basis	382	883
Level 2 [Member] \| Continuing Operations [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured at fair value on a recurring basis	177	'
Total liabilities measured at fair value on a recurring basis	323	'
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured at fair value on a recurring basis	124	497
Total liabilities measured at fair value on a recurring basis	65	285
Level 3 [Member] \| Continuing Operations [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total assets measured at fair value on a recurring basis	51	'
Total liabilities measured at fair value on a recurring basis	$17	'

Recovered_Sheet4

Financial Risk Management and Trading Activities - Net Transfers into and out of Each Level of Fair Value Hierarchy (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value measurements net transfers in	($10)	($1)
Fair value measurements net transfers out	'	'
Fair Value Measurements Net Transfers Into Or Out Of, Total	-10	-1
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value measurements net transfers in	-18	'
Fair value measurements net transfers out	5	-1
Fair Value Measurements Net Transfers Into Or Out Of, Total	-13	-1
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value measurements net transfers in	6	2
Fair value measurements net transfers out	17	'
Fair Value Measurements Net Transfers Into Or Out Of, Total	$23	$2

Recovered_Sheet5

Financial Risk Management and Trading Activities - Changes in Physical Derivatives and Financial Assets and (Liabilities) Primarily Related to Commodities that are Measured at Fair Value Based on Level 3 Inputs (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]	'	'
Balance at beginning of period	$212	$141
Unrealized pre-tax gains (losses) included in earnings	-304	-63
Purchases	5	28
Sales	-4	-23
Settlements	127	-15
Transfers into Level 3	6	2
Transfers out of Level 3	17	'
Balance at end of period	$59	$70

Recovered_Sheet6

Financial Risk Management and Trading Activities - Commodity Contracts with a Fair Value (Detail)	Mar. 31, 2014	Dec. 31, 2013
Minimum [Member] \| Basis prices [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	-4.69	-4.99
Range of measurement of liabilities for recurring inputs	-2.15	-1.9
Minimum [Member] \| Contract volatilities [Member] \| Electricity [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	19.00%	16.00%
Percentage range of measurement of liabilities for recurring inputs	19.00%	16.00%
Minimum [Member] \| Contract volatilities [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of liabilities for recurring inputs	'	34.00%
Minimum [Member] \| Commodity [Member] \| Contract prices [Member] \| Crude oil and refined petroleum products [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	81.13	78.45
Range of measurement of liabilities for recurring inputs	83.85	57.45
Minimum [Member] \| Commodity [Member] \| Contract prices [Member] \| Electricity [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	17.01	19.52
Range of measurement of liabilities for recurring inputs	21.16	26.48
Minimum [Member] \| Commodity [Member] \| Contract volatilities [Member] \| Crude oil and refined petroleum products [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	15.79%	16.00%
Percentage range of measurement of liabilities for recurring inputs	16.00%	16.00%
Minimum [Member] \| Commodity [Member] \| Contract volatilities [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	17.00%	17.00%
Maximum [Member] \| Basis prices [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	13.75	18.1
Range of measurement of liabilities for recurring inputs	13.6	18
Maximum [Member] \| Contract volatilities [Member] \| Electricity [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	42.00%	36.00%
Percentage range of measurement of liabilities for recurring inputs	42.00%	36.00%
Maximum [Member] \| Contract volatilities [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of liabilities for recurring inputs	'	35.00%
Maximum [Member] \| Commodity [Member] \| Contract prices [Member] \| Crude oil and refined petroleum products [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	176.82	228.86
Range of measurement of liabilities for recurring inputs	173.46	183.89
Maximum [Member] \| Commodity [Member] \| Contract prices [Member] \| Electricity [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	153.1	165.75
Range of measurement of liabilities for recurring inputs	156.1	155.33
Maximum [Member] \| Commodity [Member] \| Contract volatilities [Member] \| Crude oil and refined petroleum products [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	17.44%	18.00%
Percentage range of measurement of liabilities for recurring inputs	16.00%	17.00%
Maximum [Member] \| Commodity [Member] \| Contract volatilities [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	31.00%	35.00%
Weighted Average [Member] \| Basis prices [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	0.03	0.23
Range of measurement of liabilities for recurring inputs	2.64	-0.62
Weighted Average [Member] \| Contract volatilities [Member] \| Electricity [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	35.00%	23.00%
Percentage range of measurement of liabilities for recurring inputs	33.00%	22.00%
Weighted Average [Member] \| Contract volatilities [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of liabilities for recurring inputs	'	35.00%
Weighted Average [Member] \| Commodity [Member] \| Contract prices [Member] \| Crude oil and refined petroleum products [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	110.61	118.68
Range of measurement of liabilities for recurring inputs	107.73	122.54
Weighted Average [Member] \| Commodity [Member] \| Contract prices [Member] \| Electricity [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Range of measurement of assets for recurring inputs	59.08	45.76
Range of measurement of liabilities for recurring inputs	65.3	43.12
Weighted Average [Member] \| Commodity [Member] \| Contract volatilities [Member] \| Crude oil and refined petroleum products [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	17.07%	17.00%
Percentage range of measurement of liabilities for recurring inputs	16.00%	17.00%
Weighted Average [Member] \| Commodity [Member] \| Contract volatilities [Member] \| Natural gas [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Percentage range of measurement of assets for recurring inputs	23.00%	22.00%

Recovered_Sheet7

Financial Risk Management and Trading Activities - Commodity Contracts with a Fair Value (Parenthetical) (Detail) (Commodity [Member], USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Total derivative contracts (Assets)	$361	$1,140
Total derivatives contract (liabilities)	474	1,177
Level 3 [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Total derivative contracts (Assets)	124	494
Total derivatives contract (liabilities)	$62	$285

Recovered_Sheet8

Financial Risk Management and Trading Activities - Credit Risk - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'	'
Cash held from counterparties	$62	$79
Cash posted to counterparties	19	168
Outstanding letters of credit	389	410
Cash collateral (received) posted	3	31
Additional collateral	104	134
Discontinued Operations [Member]	'	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'	'
Outstanding letters of credit	105	196
Net liability related to derivatives with contingent collateral provisions	$152	$281
Integrated Oil Companies [Member]	'	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'	'
Accounts receivable - Trade	29.00%	45.00%
Refiners [Member]	'	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'	'
Accounts receivable - Trade	24.00%	18.00%
Financial Institutions [Member]	'	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'	'
Accounts receivable - Trade	15.00%	14.00%
Government Entities [Member]	'	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'	'
Accounts receivable - Trade	6.00%	8.00%
Trading Companies [Member]	'	'
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]	'	'
Accounts receivable - Trade	21.00%	7.00%

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	3 Months Ended		1 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Apr. 30, 2014	Apr. 30, 2014
			Subsequent Events [Member]	Subsequent Events [Member]
			Thailand [Member]	Newark Energy Center [Member]
Subsequent Events [Line Items]	'	'	'	'
Cash proceeds on sale of interests	$1,237	$1,326	$1,000	$330
Percentage of interest sold in joint venture	'	'	'	50.00%