Hess (HES) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2019shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	HES
Entity Registrant Name	HESS CORPORATION
Entity Central Index Key	0000004447
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	304,480,590
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	1-1204
Entity Tax Identification Number	134921002
Entity Address, Address Line One	1185 AVENUE OF THE AMERICAS
Entity Address, City or Town	NEW YORK
Entity Address, State or Province	N.Y.
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	997-8500

Consolidated Balance Sheet

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 2,208	$ 2,694
Accounts receivable:
From contracts with customers	868	771
Joint venture and other	192	230
Inventories	278	245
Other current assets	138	519
Total current assets	3,684	4,459
Property, plant and equipment:
Total — at cost	34,098	33,222
Less: Reserves for depreciation, depletion, amortization and lease impairment	17,991	17,139
Property, plant and equipment — net	16,107	16,083
Operating lease right-of-use assets — net	615	0
Finance lease right-of-use assets — net	322	0
Goodwill	360	360
Deferred income taxes	21	21
Other assets	586	510
Total Assets	21,695	21,433
Current Liabilities:
Accounts payable	353	495
Accrued liabilities	1,541	1,560
Taxes payable	95	81
Current maturities of long-term debt	14	67
Current portion of operating and finance lease obligations	329	0
Total current liabilities	2,332	2,203
Long-term debt	6,511	6,605
Long-term operating lease obligations	395	0
Long-term finance lease obligations	246	0
Deferred income taxes	418	421
Asset retirement obligations	738	741
Other liabilities and deferred credits	524	575
Total Liabilities	11,164	10,545
Hess Corporation stockholders’ equity:
Preferred stock, par value $1.00; Authorized - 20,000,000 shares, Series A 8% Cumulative Mandatory Convertible; $1,000 per share liquidation preference; Issued - 0 shares (2018: 574,997)	0	1
Common stock, par value $1.00; Authorized -600,000,000 shares; Issued - 304,480,590 shares (2018: 291,434,534)	304	291
Capital in excess of par value	5,513	5,386
Retained earnings	4,125	4,257
Accumulated other comprehensive income (loss)	(648)	(306)
Total Hess Corporation stockholders’ equity	9,294	9,629
Noncontrolling interests	1,237	1,259
Total equity	10,531	10,888
Total Liabilities and Equity	$ 21,695	$ 21,433

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	574,997
Preferred stock, liquidation preference per share	$ 1,000	$ 1,000
Series A, cumulative mandatory convertible preferred stock - dividend rate	8.00%	8.00%
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	304,480,590	291,434,534

Statement of Consolidated Incom

Statement of Consolidated Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues and Non-Operating Income
Sales and other operating revenues	$ 1,660	$ 1,534	$ 3,232	$ 2,880
Gains on asset sales, net	22	11	22	18
Other, net	15	21	42	58
Total revenues and non-operating income	1,697	1,566	3,296	2,956
Costs and Expenses
Marketing, including purchased oil and gas	477	450	885	808
Operating costs and expenses	285	288	551	576
Production and severance taxes	46	42	85	81
Exploration expenses, including dry holes and lease impairment	43	62	77	102
General and administrative expenses	89	129	176	239
Interest expense	97	98	195	201
Loss on debt extinguishment	0	26	0	53
Depreciation, depletion and amortization	494	444	992	861
Total costs and expenses	1,531	1,539	2,961	2,921
Income (Loss) Before Income Taxes	166	27	335	35
Provision (benefit) for income taxes	132	114	226	187
Net Income (Loss)	34	(87)	109	(152)
Less: Net income (loss) attributable to noncontrolling interests	40	43	83	84
Net Income (Loss) Attributable to Hess Corporation	(6)	(130)	26	(236)
Less: Preferred stock dividends	0	12	4	23
Net Income (Loss) Attributable to Hess Corporation Common Stockholders	$ (6)	$ (142)	$ 22	$ (259)
Net Income (Loss) Attributable to Hess Corporation Per Common Share:
Basic	$ (0.02)	$ (0.48)	$ 0.07	$ (0.85)
Diluted	$ (0.02)	$ (0.48)	$ 0.07	$ (0.85)
Weighted Average Number of Common Shares Outstanding:
Basic	302.2	297.5	299.8	303.5
Diluted	302.2	297.5	302.1	303.5
Common Stock Dividends Per Share	$ 0.25	$ 0.25	$ 0.50	$ 0.50

Statement of Consolidated Compr

Statement of Consolidated Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net Income (Loss)	$ 34	$ (87)	$ 109	$ (152)
Derivatives designated as cash flow hedges
Effect of hedge (gains) losses reclassified to income	14	49	(1)	80
Income taxes on effect of hedge (gains) losses reclassified to income	0	0	0	0
Net effect of hedge (gains) losses reclassified to income	14	49	(1)	80
Change in fair value of cash flow hedges	0	(13)	(346)	(35)
Income taxes on change in fair value of cash flow hedges	0	0	0	0
Net change in fair value of cash flow hedges	0	(13)	(346)	(35)
Change in derivatives designated as cash flow hedges, after taxes	14	36	(347)	45
Pension and other postretirement plans
(Increase) reduction in unrecognized actuarial losses	(24)	5	(18)	130
Income taxes on actuarial changes in plan liabilities	0	(1)	0	(31)
(Increase) reduction in unrecognized actuarial losses, net	(24)	4	(18)	99
Amortization of net actuarial losses	12	9	23	21
Income taxes on amortization of net actuarial losses	0	0	0	0
Net effect of amortization of net actuarial losses	12	9	23	21
Change in pension and other postretirement plans, after taxes	(12)	13	5	120
Other Comprehensive Income (Loss)	2	49	(342)	165
Comprehensive Income (Loss)	36	(38)	(233)	13
Less: Comprehensive income (loss) attributable to noncontrolling interests	40	43	83	84
Comprehensive Income (Loss) Attributable to Hess Corporation	$ (4)	$ (81)	$ (316)	$ (71)

Statement of Consolidated Cash

Statement of Consolidated Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows From Operating Activities
Net income (loss)	$ 109	$ (152)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gains on asset sales, net	(22)	(18)
Depreciation, depletion and amortization	992	861
Exploratory dry hole costs	0	13
Exploration lease and other impairment	11	20
Stock compensation expense	48	32
Noncash (gains) losses on commodity derivatives, net	58	85
Provision (benefit) for deferred income taxes and other tax accruals	(1)	(34)
Loss on debt extinguishment	0	53
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(70)	(68)
(Increase) decrease in inventories	(33)	1
Increase (decrease) in accounts payable and accrued liabilities	(130)	(64)
Increase (decrease) in taxes payable	14	(34)
Changes in other operating assets and liabilities	(63)	(60)
Net cash provided by (used in) operating activities	913	635
Cash Flows From Investing Activities
Additions to property, plant and equipment - E&P	(1,085)	(793)
Additions to property, plant and equipment - Midstream	(210)	(100)
Payments for Midstream equity investments	(23)	(41)
Proceeds from asset sales, net of cash sold	22	33
Other, net	(1)	(5)
Net cash provided by (used in) investing activities	(1,297)	(906)
Cash Flows From Financing Activities
Net borrowings (repayments) of debt with maturities of 90 days or less	160	0
Debt with maturities of greater than 90 days – Repayments	(5)	(591)
Payments on finance lease obligations	(45)	0
Common stock acquired and retired	(25)	(890)
Cash dividends paid	(164)	(176)
Noncontrolling interests, net	(27)	(23)
Other, net	4	12
Net cash provided by (used in) financing activities	(102)	(1,668)
Net Increase (Decrease) in Cash and Cash Equivalents	(486)	(1,939)
Cash and Cash Equivalents at Beginning of Year	2,694	4,847
Cash and Cash Equivalents at End of Period	$ 2,208	$ 2,908

Statement of Consolidated Equit

Statement of Consolidated Equity - USD ($) $ in Millions	Total	Mandatory Convertible Preferred Stock	Common Stock	Capital in Excess of Par	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total Hess Stockholders' Equity	Noncontrolling Interests
Balance at Dec. 31, 2017	$ 12,354	$ 1	$ 315	$ 5,824	$ 5,597	$ (686)	$ 11,051	$ 1,303
Cumulative effect of adoption of new accounting standards at Dec. 31, 2017	0	0	0	0	1	(1)	0	0
Net income (loss)	(152)	0	0	0	(236)	0	(236)	84
Other comprehensive income (loss)	165	0	0	0	0	165	165	0
Share-based compensation	48	0	1	47	0	0	48	0
Dividends on preferred stock	(23)	0	0	0	(23)	0	(23)	0
Dividends on common stock	(153)	0	0	0	(153)	0	(153)	0
Common stock acquired and retired	(880)	0	(16)	(370)	(494)	0	(880)	0
Noncontrolling interests, net	(23)	0	0	0	0	0	0	(23)
Balance at Jun. 30, 2018	11,336	1	300	5,501	4,692	(522)	9,972	1,364
Balance at Mar. 31, 2018	11,937	1	308	5,701	5,166	(571)	10,605	1,332
Net income (loss)	(87)	0	0	0	(130)	0	(130)	43
Other comprehensive income (loss)	49	0	0	0	0	49	49	0
Share-based compensation	35	0	0	35	0	0	35	0
Dividends on preferred stock	(12)	0	0	0	(12)	0	(12)	0
Dividends on common stock	(75)	0	0	0	(75)	0	(75)	0
Common stock acquired and retired	(500)	0	(8)	(235)	(257)	0	(500)	0
Noncontrolling interests, net	(11)	0	0	0	0	0	0	(11)
Balance at Jun. 30, 2018	11,336	1	300	5,501	4,692	(522)	9,972	1,364
Balance at Dec. 31, 2018	10,888	1	291	5,386	4,257	(306)	9,629	1,259
Net income (loss)	109	0	0	0	26	0	26	83
Other comprehensive income (loss)	(342)	0	0	0	0	(342)	(342)	0
Preferred stock conversion	0	(1)	12	(11)	0	0	0	0
Share-based compensation	61	0	1	60	0	0	61	0
Dividends on preferred stock	(4)	0	0	0	(4)	0	(4)	0
Dividends on common stock	(154)	0	0	0	(154)	0	(154)	0
Sale of water business to Hess Infrastructure Partners	0	0	0	78	0	0	78	(78)
Noncontrolling interests, net	(27)	0	0	0	0	0	0	(27)
Balance at Jun. 30, 2019	10,531	0	304	5,513	4,125	(648)	9,294	1,237
Balance at Mar. 31, 2019	10,553	0	304	5,481	4,207	(650)	9,342	1,211
Net income (loss)	34	0	0	0	(6)	0	(6)	40
Other comprehensive income (loss)	2	0	0	0	0	2	2	0
Share-based compensation	32	0	0	32	0	0	32	0
Dividends on common stock	(76)	0	0	0	(76)	0	(76)	0
Noncontrolling interests, net	(14)	0	0	0	0	0	0	(14)
Balance at Jun. 30, 2019	$ 10,531	$ 0	$ 304	$ 5,513	$ 4,125	$ (648)	$ 9,294	$ 1,237

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [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 our consolidated financial position at June 30, 2019 and December 31, 2018, the consolidated results of operations for the three and six months ended June 30, 2019 and 2018, and consolidated cash flows for the six months ended June 30, 2019 and 2018. The unaudited results of operations for the interim periods reported are not necessarily indicative of results to be expected for the full year. 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 generally accepted accounting principles (GAAP) in the United States 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, 2018. On January 1, 2019, we adopted Accounting Standards Codification (ASC) Topic 842, Leases Extractive Activities – Oil and Gas The adoption of ASC 842 did not have an impact on our Statement of Consolidated Income Statement of Consolidated Cash Flows Consolidated Balance Sheet December 31, 2018 Adjustment for Finance Leases Adjustment for Operating Leases January 1, 2019 (In Millions) Assets Property, plant and equipment — net $ 16,083 $ (346 ) $ — $ 15,737 Operating lease right-of-use assets — net — — 804 804 Finance lease right-of-use assets — net — 346 — 346 Liabilities Accrued liabilities 1,560 — (2 ) 1,558 Current maturities of long-term debt 67 (55 ) — 12 Current portion of operating and finance lease obligations — 55 382 437 Long-term debt 6,605 (254 ) — 6,351 Long-term operating lease obligations — — 516 516 Long-term finance lease obligations — 254 — 254 Other liabilities and deferred credits 575 — (92 ) 483 New Accounting Pronouncements: In June 2016, the FASB issued Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses. This ASU makes changes to the impairment model for trade receivables, net investments in leases, debt securities, loans and certain other instruments. The standard requires the use of a forward-looking "expected loss" model compared to the current "incurred loss" model. We expect to adopt this ASU in the first quarter of 2020 when the standard becomes effective. We continue to evaluate this ASU but do not believe it will have a material impact on our Consolidated Financial Statements.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	2. Le ases We determine if an arrangement is an operating lease or a finance lease at inception by evaluating whether the contract conveys the right to control an identified asset during the period of use. ROU assets represent our right to use an identified asset for the lease term and lease obligations represent our obligation to make payments as set forth in the lease arrangement. ROU assets and liabilities are recognized in the Consolidated Balance Sheet Finance lease cost is recognized as amortization of the ROU asset and interest expense on the lease liability. Operating lease cost is generally recognized on a straight-line basis. Operating lease costs for drilling rigs used to drill development wells and successful exploration wells are capitalized. Operating lease cost for other ROU assets used in oil and gas producing activities are either capitalized or expensed on a straight-line basis based on the nature of operation for which the ROU asset is utilized. Leases with an initial term of 12 months or less are not recorded on the balance sheet as permitted under ASC 842. We recognize lease cost for short-term leases on a straight-line basis over the term of the lease. Some of our leases include one or more options to renew. The renewal option is at our sole discretion and is not included in the lease term for measurement of the lease obligation unless we are reasonably certain, at the commencement date of the lease, to renew the lease. Operating and finance leases presented on the Consolidated Balance Sheet Operating Leases Finance Leases (In millions) Right-of-use assets - net (a) $ 615 $ 322 Lease obligations: Current $ 313 $ 16 Long-term 395 246 Total lease obligations $ 708 $ 262 (a) Finance lease ROU assets have a cost of $384 million and accumulated amortization of $62 million. Lease obligations represent 100% of the present value of future minimum lease payments in the lease arrangement. Where we have contracted directly with a lessor in our role as operator of an unincorporated oil and gas venture, we bill our partners their proportionate share for reimbursements as payments under lease agreements become due pursuant to the terms of our joint operating and other agreements. The nature of our leasing arrangements at June 30, 2019 was as follows: Operating leases : In the normal course of business, we primarily lease drilling rigs, office space, logistical assets (offshore vessels, aircraft, and shorebases), and equipment. Finance leases: In 2018, we entered into a sale and lease-back arrangement for a floating storage and offloading vessel to handle produced condensate at North Malay Basin, offshore Peninsular Malaysia (Hess operated – 50%). No gain or loss was recognized from the sale transaction. The remaining lease term utilized in the lease obligation is 14.3 years. Maturities of lease obligations at June 30, 2019 were as follows: Operating Leases Finance Leases (In millions) 2019 $ 206 $ 18 2020 183 36 2021 70 36 2022 64 36 2023 64 36 Remaining years 198 248 Total lease payments 785 410 Less: Imputed interest (77 ) (148 ) Total lease obligations $ 708 $ 262 The following information relates to the Operating and Finance leases recorded at June 30, 2019: Operating Leases Finance Leases Weighted average remaining lease term 4.9 years 14.3 years Range of remaining lease terms 0.1 - 9.1 years 14.3 years Weighted average discount rate 4.3% 7.9% The components of lease costs were as follows: Three Months Ended Six Months Ended June 30, 2019 (In millions) Operating lease cost $ 107 $ 210 Finance lease cost: Amortization of leased assets 11 24 Interest on lease obligations 5 11 Short-term lease cost (a) 39 71 Variable lease cost (b) 21 40 Sublease income (c) (3 ) (6 ) Total lease cost $ 180 $ 350 (a) Short-term lease cost is primarily attributable to equipment used in global exploration, development, and production activities. Future short-term lease costs will vary based on activity levels of our operated assets. (b) Variable lease costs for the drilling rig leases result from differences in the minimum rate and the actual usage of the ROU asset during the lease period. Variable lease costs for logistical assets result from differences in stated monthly rates and total charges reflecting the actual usage of the ROU asset during the lease period. Variable lease costs for our office leases represent common area maintenance charges which have not been separated from lease components. (c) We sublease certain of our office space to third parties under our head lease. The above lease costs represent 100% of the lease payments due for the period, including where we as operator have contracted directly with suppliers. As the payments under lease agreements where we are operator become due, we bill our partners their proportionate share for reimbursement pursuant to the terms of our joint operating agreements. Reimbursements are not reflected in the table above. Certain lease costs above associated with exploration and development activities are included in capital expenditures. Supplemental cash flow information related to leases for the six months ended June 30, 2019 was as follows: Operating Leases Finance Leases (In millions) Cash paid for amounts included in the measurement of lease obligations (a): Operating cash flows $ 209 $ 11 Financing cash flows — 48 Noncash transactions: Leased assets recognized for new lease obligations incurred 3 — (a) Amounts represent gross lease payments before any recovery from partners.

Preferred Stock Conversion

Preferred Stock Conversion	6 Months Ended
	Jun. 30, 2019
Stockholders Equity Note [Abstract]
Preferred Stock Conversion	3. Preferred Stock Conversion On January 31, 2019, the Corporation’s 8.00% Series A Mandatory Convertible Preferred Stock (Preferred Stock) automatically converted into shares of common stock at a rate of 21.822 shares of common stock per share of Preferred Stock. In total, the Preferred Stock was converted into approximately 12.5 million shares of common stock. In connection with the Preferred Stock offering in 2016, the Corporation entered into capped call transactions to reduce the potential dilution to the Corporation’s common stock upon conversion of the Preferred Stock, subject to a cap. The Corporation received approximately 0.9 million shares of common stock upon settlement of the capped call transactions. As a result, the net number of common shares issued by the Corporation upon conversion of the Preferred Stock was approximately 11.6 million shares.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue	4. Revenue Revenue from contracts with customers on a disaggregated basis was as follows (in $ millions): Exploration and Production Midstream Eliminations Total United States Denmark Libya Malaysia & JDA E&P Total Three Months Ended June 30, 2019 Sales of our net production volumes: Crude oil revenue $ 762 $ 51 $ 130 $ 24 $ 967 $ — $ — $ 967 Natural gas liquids revenue 48 — — — 48 — — 48 Natural gas revenue 33 2 6 154 195 — — 195 Sales of purchased oil and gas 439 — 22 — 461 — — 461 Intercompany revenue — — — — — 190 (190 ) — Total revenues from contracts with customers 1,282 53 158 178 1,671 190 (190 ) 1,671 Other operating revenues (a) (11 ) — — — (11 ) — — (11 ) Total sales and other operating revenues $ 1,271 $ 53 $ 158 $ 178 $ 1,660 $ 190 $ (190 ) $ 1,660 Three Months Ended June 30, 2018 Sales of our net production volumes: Crude oil revenue $ 692 $ 19 $ 110 $ 28 $ 849 $ — $ — $ 849 Natural gas liquids revenue 75 — — — 75 — — 75 Natural gas revenue 37 2 7 165 211 — — 211 Sales of purchased oil and gas 424 — 22 — 446 — — 446 Intercompany revenue — — — — — 176 (176 ) — Total revenues from contracts with customers 1,228 21 139 193 1,581 176 (176 ) 1,581 Other operating revenues (a) (47 ) — — — (47 ) — — (47 ) Total sales and other operating revenues $ 1,181 $ 21 $ 139 $ 193 $ 1,534 $ 176 $ (176 ) $ 1,534 (a) Includes gains (losses) on commodity derivatives. Exploration and Production Midstream Eliminations Total United States Denmark Libya Malaysia & JDA E&P Total Six Months Ended June 30, 2019 Sales of our net production volumes: Crude oil revenue $ 1,444 $ 67 $ 221 $ 45 $ 1,777 $ — $ — $ 1,777 Natural gas liquids revenue 116 — — — 116 — — 116 Natural gas revenue 75 5 12 334 426 — — 426 Sales of purchased oil and gas 865 — 44 — 909 — — 909 Intercompany revenue — — — — — 380 (380 ) — Total revenues from contracts with customers 2,500 72 277 379 3,228 380 (380 ) 3,228 Other operating revenues (a) 4 — — — 4 — — 4 Total sales and other operating revenues $ 2,504 $ 72 $ 277 $ 379 $ 3,232 $ 380 $ (380 ) $ 3,232 Six Months Ended June 30, 2018 Sales of our net production volumes: Crude oil revenue $ 1,285 $ 52 $ 209 $ 71 $ 1,617 $ — $ — $ 1,617 Natural gas liquids revenue 146 — — — 146 — — 146 Natural gas revenue 76 5 15 293 389 — — 389 Sales of purchased oil and gas 749 — 46 14 809 — — 809 Intercompany revenue — — — — — 343 (343 ) — Total revenues from contracts with customers 2,256 57 270 378 2,961 343 (343 ) 2,961 Other operating revenues (a) (81 ) — — — (81 ) — — (81 ) Total sales and other operating revenues $ 2,175 $ 57 $ 270 $ 378 $ 2,880 $ 343 $ (343 ) $ 2,880 (a) Includes gains (losses) on commodity derivatives. There have been no significant changes to contracts with customers or composition thereof during the six months ended June 30, 2019. Generally, we receive payments from customers on a monthly basis, shortly after the physical delivery of the crude oil, NGLs, or natural gas. We did not recognize any credit losses on receivables with customers during the first six months of 2019 nor 2018.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories consisted of the following: June 30, December 31, 2019 2018 (In millions) Crude oil and natural gas liquids $ 82 $ 74 Materials and supplies 196 171 Total Inventories $ 278 $ 245

Capitalized Exploratory Well Co

Capitalized Exploratory Well Costs	6 Months Ended
	Jun. 30, 2019
Capitalized Exploratory Well Costs [Abstract]
Capitalized Exploratory Well Costs	6. Capitalized Exploratory Well Costs The following table discloses the net changes in capitalized exploratory well costs pending determination of proved reserves during the six months ended June 30, 2019 (in millions): Balance at January 1, 2019 $ 418 Additions to capitalized exploratory well costs pending the determination of proved reserves 101 Reclassifications to wells, facilities and equipment based on the determination of proved reserves (25 ) Balance at June 30, 2019 $ 494 Reclassifications to wells, facilities and equipment based on the determination of proved reserves resulted from sanction of the second phase of development for the Liza Field, offshore Guyana. Capitalized exploratory well costs capitalized for greater than one year following completion of drilling were $349 million at June 30, 2019 and primarily related to Guyana: Approximately 45% of the capitalized well costs in excess of one year relates to eight successful exploration wells where hydrocarbons were encountered on the Stabroek Block (Hess 30%), offshore Guyana. The operator plans further appraisal drilling for certain fields and is conducting pre-development planning for additional phases of development beyond the two existing sanctioned phases of development. Gulf of Mexico: Approximately 35% of the capitalized well costs in excess of one year relates to the appraisal of the northern portion of the Shenzi Field (Hess 28%) in the Gulf of Mexico, where hydrocarbons were encountered in the fourth quarter of 2015. Following exploration and appraisal drilling activities completed by the operator in prior years on adjacent blocks to the north of our Shenzi blocks, the operator is planning to acquire 3D seismic in 2019 for use in development planning of the northern portion of the Shenzi Field. Joint Development Area (JDA): Approximately 10% of the capitalized well costs in excess of one year relates to the JDA (Hess 50%) in the Gulf of Thailand, where hydrocarbons were encountered in three successful exploration wells drilled in the western part of Block A-18. The operator has submitted a development plan concept to the regulator to facilitate commercial negotiations for an extension of the existing gas sales contract to include development of the western part of the Block. Malaysia: Approximately 10% of the capitalized well costs in excess of one year relates to the North Malay Basin (Hess 50%), offshore Peninsular Malaysia, where hydrocarbons were encountered in four successful exploration wells in the second quarter of 2018 and one successful exploration well drilled in the fourth quarter of 2015. In 2019, we are continuing to conduct subsurface evaluations for consideration in future phases of field development.

Hess Infrastructure Partners LP

Hess Infrastructure Partners LP	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Hess Infrastructure Partners LP	7. Hess Infrastructure Partners LP We consolidate the activities of Hess Infrastructure Partners LP (HIP), a 50/50 joint venture between Hess Corporation and Global Infrastructure Partners (GIP), which qualifies as a variable interest entity (VIE) under U.S. GAAP. We have concluded that we are the primary beneficiary of the VIE, as defined in the accounting standards, since we have the power, through our 50% ownership, to direct those activities that most significantly impact the economic performance of HIP. As of June 30, 2019, the Midstream segment is comprised of HIP, which owns the general partner of Hess Midstream Partners LP (HESM). HESM owns an approximate 20% controlling interest in the operating companies that comprise our midstream joint venture while HIP owns the remaining 80%, other than a water services business that is wholly owned by HIP. At June 30, 2019, HIP liabilities totaling $1,279 million (December 31, 2018: $1,105 million) are on a nonrecourse basis to Hess Corporation, while HIP assets available to settle the obligations of HIP include cash and cash equivalents totaling $17 million (December 31, 2018: $109 million) and property, plant and equipment with a carrying value of $2,863 million (December 31, 2018: $2,664 million). On March 1, 2019, HIP completed the acquisition of Hess’ water services business for $225 million in cash. As a result of this transaction between entities under common control, we recorded an after-tax gain of $78 million in additional paid-in- with an offsetting reduction to noncontrolling interest to reflect the adjustment to GIP’s noncontrolling interest in HIP. On March 22, 2019, HIP and HESM acquired crude oil and gas gathering assets, and HIP acquired water gathering assets of Summit Midstream Partners LP’s Tioga Gathering System for aggregate cash consideration of approximately $90 million, with the potential for an additional $10 million of contingent payments in future periods subject to certain future performance metrics.

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	8. Retirement Plans Components of net periodic pension cost consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (In millions) Service cost $ 11 $ 10 $ 21 $ 24 Interest cost (a) 24 24 48 47 Expected return on plan assets (a) (45 ) (49 ) (90 ) (98 ) Amortization of unrecognized net actuarial losses (a) 12 9 23 21 Curtailment gains (a) — — — (2 ) Pension (income) expense (a) $ 2 $ (6 ) $ 2 $ (8 ) (a) Net non-service pension cost included in Other, net in the Statement of Consolidated Income for the three and six months ended June 30, 2019 was income of $9 million and $19 million, respectively, compared with income of $16 million and $32 million for the three and six months ended June 30, 2018, respectively. In 2019, we expect to contribute $40 million to our funded pension plans. Through June 30, 2019, we have contributed $20

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	9. Debt Hess Corporation: In the second quarter of 2019, the Corporation entered into a new fully undrawn $3.5 billion revolving credit facility with a maturity date of May 15, 2023, which replaced the Corporation’s previous revolving credit facility maturing in January 2021. The new facility can be used for borrowings and letters of credit. Borrowings on the new facility will generally bear interest at 1.30% above the London Interbank Offered Rate (LIBOR), though the interest rate is subject to adjustment if the Corporation’s credit rating changes. The facility is subject to customary representations, warranties and covenants, including a financial covenant limiting the ratio of Total Consolidated Debt to Total Capitalization (as such terms are defined in the credit agreement for the facility) of the Corporation and its consolidated subsidiaries to 0.650 to 1.000, and customary events of default. In the first quarter of 2018, we paid $415 million to redeem $350 million principal amount of 8.125% notes due 2019 and to purchase other notes with a Hess Midstream: In the first quarter of 2019, HIP and HESM borrowed a total of $199 million from their revolving credit facilities of which $39 million was repaid in the second quarter of 2019.

Weighted Average Common Shares

Weighted Average Common Shares	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Weighted Average Common Shares	10. Weighted Average Common Shares The Net income (loss) and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (In millions) Net income (loss) attributable to Hess Corporation Common Stockholders: Net income (loss) $ 34 $ (87 ) $ 109 $ (152 ) Less: Net income (loss) attributable to noncontrolling interests 40 43 83 84 Less: Preferred stock dividends — 12 4 23 Net income (loss) attributable to Hess Corporation Common Stockholders $ (6 ) $ (142 ) $ 22 $ (259 ) Weighted average number of common shares outstanding: Basic 302.2 297.5 299.8 303.5 Effect of dilutive securities Restricted common stock — — 0.9 — Stock options — — 0.2 — Performance share units — — 1.2 — Diluted 302.2 297.5 302.1 303.5 The following table summarizes the number of antidilutive shares excluded from the computation of diluted shares: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Restricted common stock 2,156,525 2,849,465 28,970 2,885,890 Stock options 4,894,731 5,623,004 2,920,944 5,715,292 Performance share units 1,858,050 1,072,395 32,831 847,741 Common shares from conversion of preferred stocks — 12,547,650 1,954,473 12,566,312 During the six months ended June 30, 2019, we granted 945,009 shares of restricted stock (2018: 1,081,923), 234,866 performance share units (2018: 278,003) and 526,968 stock options (2018: 683,167).

Guarantees and Contingencies

Guarantees and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Guarantees and Contingencies	11. Guarantees and Contingencies We are subject to loss contingencies with respect to various claims, lawsuits and other proceedings. A liability is recognized in our consolidated financial statements when it is probable that a loss has been incurred and the amount can be reasonably estimated. If the risk of loss is probable, but the amount cannot be reasonably estimated or the risk of loss is only reasonably possible, a liability is not accrued; however, we disclose the nature of those contingencies. We cannot predict with certainty if, how or when existing claims, lawsuits and proceedings will be resolved or what the eventual relief, if any, may be, particularly for proceedings that are in their early stages of development or where plaintiffs seek indeterminate damages. We, along with many companies that have been or continue to be engaged in refining and marketing of gasoline, have 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 us. The principal allegation in all cases was that gasoline containing MTBE was a defective product and that these producers and refiners 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. The majority of the cases asserted against us have been settled. There are three remaining active cases, filed by Pennsylvania, Rhode Island, and Maryland. In June 2014, the Commonwealth of Pennsylvania filed a lawsuit alleging that we and all major oil companies with operations in Pennsylvania, have damaged the groundwater by introducing thereto gasoline with MTBE. The Pennsylvania suit has been forwarded to the existing MTBE multidistrict litigation pending in the Southern District of New York. In September 2016, the State of Rhode Island also filed a lawsuit alleging that we and other major oil companies damaged the groundwater in Rhode Island by introducing thereto gasoline with MTBE. The suit filed in Rhode Island is proceeding in Federal court. In December 2017, the State of Maryland filed a lawsuit alleging that we and other major oil companies damaged the groundwater in Maryland by introducing thereto gasoline with MTBE. The suit filed in Maryland state court, was served on us in January 2018 and has been removed to Federal court by the defendants. In September 2003, we received a directive from the New Jersey Department of Environmental Protection (NJDEP) to remediate contamination in the sediments of the Lower Passaic River. The NJDEP is also seeking natural resource damages. The directive, insofar as it affects us, relates to alleged releases from a petroleum bulk storage terminal in Newark, New Jersey we previously owned. We and over 70 companies entered into an Administrative Order on Consent with the Environmental Protection Agency (EPA) to study the same contamination; this work remains ongoing. We and other parties settled a cost recovery claim by the State of New Jersey and agreed with the EPA to fund remediation of a portion of the site. On March 4, 2016, the EPA issued a Record of Decision (ROD) in respect of the lower eight miles of the Lower Passaic River, selecting a remedy that includes bank-to-bank dredging at an estimated cost of $1.38 billion. In March 2014, we received an Administrative Order from the EPA requiring us and 26 other parties to undertake the Remedial Design for the remedy selected by the EPA for the Gowanus Canal Superfund Site in Brooklyn, New York. The remedy includes dredging of surface sediments and the placement of a cap over the deeper sediments throughout the Canal and in-situ stabilization of certain contaminated sediments that will remain in place below the cap. The EPA’s original estimate was that this remedy would cost $506 million On September 28, 2017, we received a general notice letter and offer to settle from the EPA relating to Superfund claims for the Ector Drum, Inc. Superfund Site in Odessa, Texas. The EPA and Texas Commission on Environmental Quality took clean-up and response action at the site commencing in 2014 and concluded in December 2015. The site was determined to have improperly stored industrial waste, including drums with oily liquids. The total clean-up cost incurred by the EPA was approximately $3.5 million. We are negotiating a voluntary settlement with the EPA for an amount that is not expected to be material. We periodically receive notices from the EPA that we are a “potential responsible party” under the Superfund legislation with respect to various waste disposal sites. Under this legislation, all potentially responsible parties may be jointly and severally liable. For any site for which we have received such a notice, the EPA’s claims or assertions of liability against us relating to these sites have not been fully developed, or the EPA’s claims have been settled or a settlement is under consideration, in all cases for amounts that are not material. The ultimate impact of these proceedings, and of any related proceedings by private parties, on our business or accounts cannot be predicted at this time due to the large number of other potentially responsible parties and the speculative nature of clean-up cost estimates, but is not expected to be material. From time to time, we are involved in other judicial and administrative proceedings, including proceedings relating to other environmental matters. We cannot predict with certainty if, how or when such proceedings will be resolved or what the eventual relief, if any, may be, particularly for proceedings that are in their early stages of development or where plaintiffs seek indeterminate damages. Numerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters before a loss or range of loss can be reasonably estimated for any proceeding. Subject to the foregoing, in management’s opinion, based upon currently known facts and circumstances, the outcome of lawsuits, claims and proceedings, including the matters disclosed above, is not expected to have a material adverse effect on our financial condition, results of operations or cash flows. However, we could incur judgments, enter into settlements, or revise our opinion regarding the outcome of certain matters, and such developments could have a material adverse effect on our results of operations in the period in which the amounts are accrued and our cash flows in the period in which the amounts are paid.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	12. Segment Information We currently have two operating segments, Exploration and Production and Midstream. All unallocated costs are reflected under Corporate, Interest and Other. The following table presents operating segment financial data: Exploration and Production Midstream Corporate, Interest and Other Eliminations Total (In millions) For the Three Months Ended June 30, 2019 Sales and Other Operating Revenues - Third parties $ 1,660 $ — $ — $ — $ 1,660 Intersegment Revenues — 190 — (190 ) — Sales and Other Operating Revenues $ 1,660 $ 190 $ — $ (190 ) $ 1,660 Net Income (Loss) attributable to Hess Corporation $ 68 $ 35 $ (109 ) $ — $ (6 ) Depreciation, Depletion and Amortization 459 35 — — 494 Provision (Benefit) for Income Taxes (a) 131 — 1 — 132 Capital Expenditures 625 69 — — 694 For the Three Months Ended June 30, 2018 Sales and Other Operating Revenues - Third parties $ 1,534 $ — $ — $ — $ 1,534 Intersegment Revenues — 176 — (176 ) — Sales and Other Operating Revenues $ 1,534 $ 176 $ — $ (176 ) $ 1,534 Net Income (Loss) attributable to Hess Corporation $ 31 $ 30 $ (191 ) $ — $ (130 ) Depreciation, Depletion and Amortization 407 31 6 — 444 Provision (Benefit) for Income Taxes (a) 105 9 — — 114 Capital Expenditures 486 84 — — 570 For the Six Months Ended June 30, 2019 Sales and Other Operating Revenues - Third parties $ 3,232 $ — $ — $ — $ 3,232 Intersegment Revenues — 380 — (380 ) — Sales and Other Operating Revenues $ 3,232 $ 380 $ — $ (380 ) $ 3,232 Net Income (Loss) attributable to Hess Corporation $ 177 $ 72 $ (223 ) $ — $ 26 Depreciation, Depletion and Amortization 923 69 — — 992 Provision (Benefit) for Income Taxes (a) 226 — — — 226 Capital Expenditures 1,140 196 — — 1,336 For the Six Months Ended June 30, 2018 Sales and Other Operating Revenues - Third parties $ 2,880 $ — $ — $ — $ 2,880 Intersegment Revenues — 343 — (343 ) — Sales and Other Operating Revenues $ 2,880 $ 343 $ — $ (343 ) $ 2,880 Net Income (Loss) attributable to Hess Corporation $ 6 $ 58 $ (300 ) $ — $ (236 ) Depreciation, Depletion and Amortization 792 62 7 — 861 Provision (Benefit) for Income Taxes (a) 200 18 (31 ) — 187 Capital Expenditures 840 121 — — 961 (a) Commencing January 1, 2019, management changed its measurement of segment earnings to reflect income taxes on a post U.S. tax consolidation and valuation allowance assessment basis. In 2018, the provision for income taxes in the Midstream segment was presented before consolidating its operations with other U.S. activities of the Corporation and prior to evaluating realizability of net U.S. deferred taxes. An offsetting impact was presented in the E&P segment. If 2018 segment results were prepared on a basis consistent with 2019, in the three and six months ended June 30, 2018, Midstream segment net income attributable to Hess Corporation would have been $39 million and $76 million, respectively, and E&P segment net income (loss) attributable to Hess Corporation would have been income of $22 million and a loss of $12 million, respectively. Identifiable assets by operating segment were as follows: June 30, December 31, 2019 2018 (In millions) Exploration and Production $ 16,572 $ 16,109 Midstream 3,337 3,285 Corporate, Interest and Other 1,786 2,039 Total $ 21,695 $ 21,433

Financial Risk Management Activ

Financial Risk Management Activities	6 Months Ended
	Jun. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Financial Risk Management Activities	13. Financial Risk Management Activities In the normal course of our business, we are 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. Financial risk management activities include transactions designed to reduce risk in the selling prices of crude oil or natural gas we produce or by reducing our 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 our crude oil or natural gas production. Forward contracts may also be used to purchase certain currencies in which we conduct business with the intent of reducing exposure to foreign currency fluctuations. At June 30, 2019, these forward contracts relate to the British Pound. Interest rate swaps may be used to convert interest payments on certain long-term debt from fixed to floating rates. We present gross notional amounts of both long and short positions in the table 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. The gross notional amounts of outstanding West Texas Intermediate (WTI) commodity contracts as of the dates shown below were as follows: June 30, 2019 December 31, 2018 Calendar year program 2019 2019 Contract type Puts Puts Effective date Jul. 1, 2019 Jan. 1, 2019 End date Dec. 31, 2019 Dec. 31, 2019 Crude oil volumes (millions of barrels) 17.5 34.7 Floor price per barrel – WTI $ 60 $ 60 The gross notional amounts of outstanding financial risk management derivative contracts, excluding commodity contracts, were as follows: June 30, 2019 December 31, 2018 (In millions) Foreign exchange $ 44 $ 16 Interest rate swaps $ 100 $ 100 The table below reflects the gross and net fair values of risk management derivative instruments and their respective financial statement caption in the Consolidated Balance Sheet Assets Liabilities (In millions) June 30, 2019 Derivative Contracts Designated as Hedging Instruments: Commodity - Other current assets $ 91 $ — Interest rate - Other assets (noncurrent) 1 — Total derivative contracts designated as hedging instruments 92 — Gross fair value of derivative contracts 92 — Master netting arrangements — — Net Fair Value of Derivative Contracts $ 92 $ — December 31, 2018 Derivative Contracts Designated as Hedging Instruments: Commodity - Other current assets $ 484 $ — Interest rate - Other liabilities and deferred credits (noncurrent) — (2 ) Total derivative contracts designated as hedging instruments 484 (2 ) Gross fair value of derivative contracts 484 (2 ) Master netting arrangements — — Net Fair Value of Derivative Contracts $ 484 $ (2 ) All fair values in the table above are based on Level 2 inputs. Derivative contracts designated as hedging instruments: Crude oil derivatives: In the three and six months ended June 30, 2019, the impact from crude oil hedging contracts on Sales and other operating revenues was a decrease of $14 million and an increase of $1 million , respectively. Crude oil price hedging contracts for the three and six months ended June 30, 2018 decreased Sales and other operating revenues by $44 million and $74 million, respectively. At June 30, 2019, pre-tax deferred gains in related to outstanding crude oil price hedging contracts were $17 million, all of which will be reclassified into earnings during the remainder of 2019 as the originally hedged crude oil sales are recognized in earnings. Interest rate swaps designated as fair value hedges: At June 30, 2019 and December 31, 2018, we had interest rate swaps with gross notional amounts totaling $100 million, which were designated as fair value hedges where we have converted interest payments on certain long-term debt from fixed to floating rates. Changes in the fair value of interest rate swaps and the hedged fixed - rate debt are recorded in in the . For the three and six months ended June 30, 2019, the change in fair value of interest rate swaps was a decrease in the liability of $2 million and $3 million, respectively, compared with an increase in liability of $1 million and $4 million in the three and six months ended June 30, 2018, respectively, with a corresponding adjustment in the carrying value of the hedged fixed-rate debt. Derivative contracts not designated as hedging instruments: Foreign exchange: Foreign exchange gains and losses which are reported in Other, net in Revenues and non-operating income in the Statement of Consolidated Income were losses of $2 million and gains of $3 million in the three and six months ended June 30, 2019, respectively, compared with losses of $5 million and less than $1 million in the three and six months ended June 30, 2018, respectively. A component of foreign exchange gains and losses are the results of foreign exchange derivative contracts that are not designated as hedges which amounted to gains of $1 million and $1 million in the three and six months ended June 30, 2019, respectively, compared with losses of $3 million and $1 million in the three and six months ended June 30, 2018, respectively. Crude oil derivatives: In the three and six months ended June 30, 2018, noncash adjustments to de-designated crude oil price hedging contracts decreased Sales and other operating revenues by $8 million and $16 million, respectively. Fair Value Measurement: We have other short-term financial instruments, primarily cash equivalents, accounts receivable and accounts payable, for which the carrying value approximated fair value at June 30, 2019. At June 30, 2019, total long-term debt, which was substantially comprised of fixed-rate debt instruments, had a carrying value of $6,525 million and a fair value of $7,264 million based on Level 2 inputs.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements: In June 2016, the FASB issued Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses. This ASU makes changes to the impairment model for trade receivables, net investments in leases, debt securities, loans and certain other instruments. The standard requires the use of a forward-looking "expected loss" model compared to the current "incurred loss" model. We expect to adopt this ASU in the first quarter of 2020 when the standard becomes effective. We continue to evaluate this ASU but do not believe it will have a material impact on our Consolidated Financial Statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Impact of adoption on Consolidated Balance Sheet	The adoption of ASC 842 did not have an impact on our Statement of Consolidated Income Statement of Consolidated Cash Flows Consolidated Balance Sheet December 31, 2018 Adjustment for Finance Leases Adjustment for Operating Leases January 1, 2019 (In Millions) Assets Property, plant and equipment — net $ 16,083 $ (346 ) $ — $ 15,737 Operating lease right-of-use assets — net — — 804 804 Finance lease right-of-use assets — net — 346 — 346 Liabilities Accrued liabilities 1,560 — (2 ) 1,558 Current maturities of long-term debt 67 (55 ) — 12 Current portion of operating and finance lease obligations — 55 382 437 Long-term debt 6,605 (254 ) — 6,351 Long-term operating lease obligations — — 516 516 Long-term finance lease obligations — 254 — 254 Other liabilities and deferred credits 575 — (92 ) 483

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Balance Sheet Information Related to Operating and Finance Leases	Operating and finance leases presented on the Consolidated Balance Sheet Operating Leases Finance Leases (In millions) Right-of-use assets - net (a) $ 615 $ 322 Lease obligations: Current $ 313 $ 16 Long-term 395 246 Total lease obligations $ 708 $ 262 (a) Finance lease ROU assets have a cost of $384 million and accumulated amortization of $62 million.
Schedule of Maturities of Lease Obligations	Maturities of lease obligations at June 30, 2019 were as follows: Operating Leases Finance Leases (In millions) 2019 $ 206 $ 18 2020 183 36 2021 70 36 2022 64 36 2023 64 36 Remaining years 198 248 Total lease payments 785 410 Less: Imputed interest (77 ) (148 ) Total lease obligations $ 708 $ 262
Summary of Information Relates to Operating and Finance Leases Recorded	The following information relates to the Operating and Finance leases recorded at June 30, 2019: Operating Leases Finance Leases Weighted average remaining lease term 4.9 years 14.3 years Range of remaining lease terms 0.1 - 9.1 years 14.3 years Weighted average discount rate 4.3% 7.9%
Schedule of Components of Lease Cost	The components of lease costs were as follows: Three Months Ended Six Months Ended June 30, 2019 (In millions) Operating lease cost $ 107 $ 210 Finance lease cost: Amortization of leased assets 11 24 Interest on lease obligations 5 11 Short-term lease cost (a) 39 71 Variable lease cost (b) 21 40 Sublease income (c) (3 ) (6 ) Total lease cost $ 180 $ 350 (a) Short-term lease cost is primarily attributable to equipment used in global exploration, development, and production activities. Future short-term lease costs will vary based on activity levels of our operated assets. (b) Variable lease costs for the drilling rig leases result from differences in the minimum rate and the actual usage of the ROU asset during the lease period. Variable lease costs for logistical assets result from differences in stated monthly rates and total charges reflecting the actual usage of the ROU asset during the lease period. Variable lease costs for our office leases represent common area maintenance charges which have not been separated from lease components. (c) We sublease certain of our office space to third parties under our head lease.
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases for the six months ended June 30, 2019 was as follows: Operating Leases Finance Leases (In millions) Cash paid for amounts included in the measurement of lease obligations (a): Operating cash flows $ 209 $ 11 Financing cash flows — 48 Noncash transactions: Leased assets recognized for new lease obligations incurred 3 — (a) Amounts represent gross lease payments before any recovery from partners.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue From Contract With Customer [Abstract]
Summary of Revenue from Contracts with Customers on a Disaggregated Basis	Revenue from contracts with customers on a disaggregated basis was as follows (in $ millions): Exploration and Production Midstream Eliminations Total United States Denmark Libya Malaysia & JDA E&P Total Three Months Ended June 30, 2019 Sales of our net production volumes: Crude oil revenue $ 762 $ 51 $ 130 $ 24 $ 967 $ — $ — $ 967 Natural gas liquids revenue 48 — — — 48 — — 48 Natural gas revenue 33 2 6 154 195 — — 195 Sales of purchased oil and gas 439 — 22 — 461 — — 461 Intercompany revenue — — — — — 190 (190 ) — Total revenues from contracts with customers 1,282 53 158 178 1,671 190 (190 ) 1,671 Other operating revenues (a) (11 ) — — — (11 ) — — (11 ) Total sales and other operating revenues $ 1,271 $ 53 $ 158 $ 178 $ 1,660 $ 190 $ (190 ) $ 1,660 Three Months Ended June 30, 2018 Sales of our net production volumes: Crude oil revenue $ 692 $ 19 $ 110 $ 28 $ 849 $ — $ — $ 849 Natural gas liquids revenue 75 — — — 75 — — 75 Natural gas revenue 37 2 7 165 211 — — 211 Sales of purchased oil and gas 424 — 22 — 446 — — 446 Intercompany revenue — — — — — 176 (176 ) — Total revenues from contracts with customers 1,228 21 139 193 1,581 176 (176 ) 1,581 Other operating revenues (a) (47 ) — — — (47 ) — — (47 ) Total sales and other operating revenues $ 1,181 $ 21 $ 139 $ 193 $ 1,534 $ 176 $ (176 ) $ 1,534 (a) Includes gains (losses) on commodity derivatives. Exploration and Production Midstream Eliminations Total United States Denmark Libya Malaysia & JDA E&P Total Six Months Ended June 30, 2019 Sales of our net production volumes: Crude oil revenue $ 1,444 $ 67 $ 221 $ 45 $ 1,777 $ — $ — $ 1,777 Natural gas liquids revenue 116 — — — 116 — — 116 Natural gas revenue 75 5 12 334 426 — — 426 Sales of purchased oil and gas 865 — 44 — 909 — — 909 Intercompany revenue — — — — — 380 (380 ) — Total revenues from contracts with customers 2,500 72 277 379 3,228 380 (380 ) 3,228 Other operating revenues (a) 4 — — — 4 — — 4 Total sales and other operating revenues $ 2,504 $ 72 $ 277 $ 379 $ 3,232 $ 380 $ (380 ) $ 3,232 Six Months Ended June 30, 2018 Sales of our net production volumes: Crude oil revenue $ 1,285 $ 52 $ 209 $ 71 $ 1,617 $ — $ — $ 1,617 Natural gas liquids revenue 146 — — — 146 — — 146 Natural gas revenue 76 5 15 293 389 — — 389 Sales of purchased oil and gas 749 — 46 14 809 — — 809 Intercompany revenue — — — — — 343 (343 ) — Total revenues from contracts with customers 2,256 57 270 378 2,961 343 (343 ) 2,961 Other operating revenues (a) (81 ) — — — (81 ) — — (81 ) Total sales and other operating revenues $ 2,175 $ 57 $ 270 $ 378 $ 2,880 $ 343 $ (343 ) $ 2,880 (a) Includes gains (losses) on commodity derivatives.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: June 30, December 31, 2019 2018 (In millions) Crude oil and natural gas liquids $ 82 $ 74 Materials and supplies 196 171 Total Inventories $ 278 $ 245

Capitalized Exploratory Well _2

Capitalized Exploratory Well Costs (Tables)	6 Months Ended
	Jun. 30, 2019
Capitalized Exploratory Well Costs [Abstract]
Net Changes in Capitalized Exploratory Well Costs	The following table discloses the net changes in capitalized exploratory well costs pending determination of proved reserves during the six months ended June 30, 2019 (in millions): Balance at January 1, 2019 $ 418 Additions to capitalized exploratory well costs pending the determination of proved reserves 101 Reclassifications to wells, facilities and equipment based on the determination of proved reserves (25 ) Balance at June 30, 2019 $ 494

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Compensation And Retirement Disclosure [Abstract]
Components of Net Periodic Pension Cost	Components of net periodic pension cost consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (In millions) Service cost $ 11 $ 10 $ 21 $ 24 Interest cost (a) 24 24 48 47 Expected return on plan assets (a) (45 ) (49 ) (90 ) (98 ) Amortization of unrecognized net actuarial losses (a) 12 9 23 21 Curtailment gains (a) — — — (2 ) Pension (income) expense (a) $ 2 $ (6 ) $ 2 $ (8 ) (a) Net non-service pension cost included in Other, net in the Statement of Consolidated Income for the three and six months ended June 30, 2019 was income of $9 million and $19 million, respectively, compared with income of $16 million and $32 million for the three and six months ended June 30, 2018, respectively.

Weighted Average Common Shares

Weighted Average Common Shares (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Income (Loss) and Weighted Average Number of Common Shares Used in the Computation of Basic and Diluted Earnings Per Share	The Net income (loss) and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 (In millions) Net income (loss) attributable to Hess Corporation Common Stockholders: Net income (loss) $ 34 $ (87 ) $ 109 $ (152 ) Less: Net income (loss) attributable to noncontrolling interests 40 43 83 84 Less: Preferred stock dividends — 12 4 23 Net income (loss) attributable to Hess Corporation Common Stockholders $ (6 ) $ (142 ) $ 22 $ (259 ) Weighted average number of common shares outstanding: Basic 302.2 297.5 299.8 303.5 Effect of dilutive securities Restricted common stock — — 0.9 — Stock options — — 0.2 — Performance share units — — 1.2 — Diluted 302.2 297.5 302.1 303.5
Summary of Antidilutive Shares Excluded from Computation of Diluted Shares	The following table summarizes the number of antidilutive shares excluded from the computation of diluted shares: Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Restricted common stock 2,156,525 2,849,465 28,970 2,885,890 Stock options 4,894,731 5,623,004 2,920,944 5,715,292 Performance share units 1,858,050 1,072,395 32,831 847,741 Common shares from conversion of preferred stocks — 12,547,650 1,954,473 12,566,312

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Financial Data and Identifiable Assets by Operating Segment	Exploration and Production Midstream Corporate, Interest and Other Eliminations Total (In millions) For the Three Months Ended June 30, 2019 Sales and Other Operating Revenues - Third parties $ 1,660 $ — $ — $ — $ 1,660 Intersegment Revenues — 190 — (190 ) — Sales and Other Operating Revenues $ 1,660 $ 190 $ — $ (190 ) $ 1,660 Net Income (Loss) attributable to Hess Corporation $ 68 $ 35 $ (109 ) $ — $ (6 ) Depreciation, Depletion and Amortization 459 35 — — 494 Provision (Benefit) for Income Taxes (a) 131 — 1 — 132 Capital Expenditures 625 69 — — 694 For the Three Months Ended June 30, 2018 Sales and Other Operating Revenues - Third parties $ 1,534 $ — $ — $ — $ 1,534 Intersegment Revenues — 176 — (176 ) — Sales and Other Operating Revenues $ 1,534 $ 176 $ — $ (176 ) $ 1,534 Net Income (Loss) attributable to Hess Corporation $ 31 $ 30 $ (191 ) $ — $ (130 ) Depreciation, Depletion and Amortization 407 31 6 — 444 Provision (Benefit) for Income Taxes (a) 105 9 — — 114 Capital Expenditures 486 84 — — 570 For the Six Months Ended June 30, 2019 Sales and Other Operating Revenues - Third parties $ 3,232 $ — $ — $ — $ 3,232 Intersegment Revenues — 380 — (380 ) — Sales and Other Operating Revenues $ 3,232 $ 380 $ — $ (380 ) $ 3,232 Net Income (Loss) attributable to Hess Corporation $ 177 $ 72 $ (223 ) $ — $ 26 Depreciation, Depletion and Amortization 923 69 — — 992 Provision (Benefit) for Income Taxes (a) 226 — — — 226 Capital Expenditures 1,140 196 — — 1,336 For the Six Months Ended June 30, 2018 Sales and Other Operating Revenues - Third parties $ 2,880 $ — $ — $ — $ 2,880 Intersegment Revenues — 343 — (343 ) — Sales and Other Operating Revenues $ 2,880 $ 343 $ — $ (343 ) $ 2,880 Net Income (Loss) attributable to Hess Corporation $ 6 $ 58 $ (300 ) $ — $ (236 ) Depreciation, Depletion and Amortization 792 62 7 — 861 Provision (Benefit) for Income Taxes (a) 200 18 (31 ) — 187 Capital Expenditures 840 121 — — 961 (a) Commencing January 1, 2019, management changed its measurement of segment earnings to reflect income taxes on a post U.S. tax consolidation and valuation allowance assessment basis. In 2018, the provision for income taxes in the Midstream segment was presented before consolidating its operations with other U.S. activities of the Corporation and prior to evaluating realizability of net U.S. deferred taxes. An offsetting impact was presented in the E&P segment. If 2018 segment results were prepared on a basis consistent with 2019, in the three and six months ended June 30, 2018, Midstream segment net income attributable to Hess Corporation would have been $39 million and $76 million, respectively, and E&P segment net income (loss) attributable to Hess Corporation would have been income of $22 million and a loss of $12 million, respectively. Identifiable assets by operating segment were as follows: June 30, December 31, 2019 2018 (In millions) Exploration and Production $ 16,572 $ 16,109 Midstream 3,337 3,285 Corporate, Interest and Other 1,786 2,039 Total $ 21,695 $ 21,433

Financial Risk Management Act_2

Financial Risk Management Activities (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments Gain Loss [Line Items]
Gross and Net Fair Values of Financial Risk Management Derivative Instruments	The table below reflects the gross and net fair values of risk management derivative instruments and their respective financial statement caption in the Consolidated Balance Sheet Assets Liabilities (In millions) June 30, 2019 Derivative Contracts Designated as Hedging Instruments: Commodity - Other current assets $ 91 $ — Interest rate - Other assets (noncurrent) 1 — Total derivative contracts designated as hedging instruments 92 — Gross fair value of derivative contracts 92 — Master netting arrangements — — Net Fair Value of Derivative Contracts $ 92 $ — December 31, 2018 Derivative Contracts Designated as Hedging Instruments: Commodity - Other current assets $ 484 $ — Interest rate - Other liabilities and deferred credits (noncurrent) — (2 ) Total derivative contracts designated as hedging instruments 484 (2 ) Gross fair value of derivative contracts 484 (2 ) Master netting arrangements — — Net Fair Value of Derivative Contracts $ 484 $ (2 )
Related to West Texas Intermediate (WTI) Instruments
Derivative Instruments Gain Loss [Line Items]
Summary of Gross Notional Amounts of Outstanding West Texas Intermediate (WTI) Commodity Contracts	The gross notional amounts of outstanding West Texas Intermediate (WTI) commodity contracts as of the dates shown below were as follows: June 30, 2019 December 31, 2018 Calendar year program 2019 2019 Contract type Puts Puts Effective date Jul. 1, 2019 Jan. 1, 2019 End date Dec. 31, 2019 Dec. 31, 2019 Crude oil volumes (millions of barrels) 17.5 34.7 Floor price per barrel – WTI $ 60 $ 60
Excluding West Texas Intermediate (WTI)
Derivative Instruments Gain Loss [Line Items]
Gross Notional Amounts of Outstanding Financial Risk Management Derivative Contracts	The gross notional amounts of outstanding financial risk management derivative contracts, excluding commodity contracts, were as follows: June 30, 2019 December 31, 2018 (In millions) Foreign exchange $ 44 $ 16 Interest rate swaps $ 100 $ 100

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($)	Jan. 01, 2019	Dec. 31, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative effect of retained earnings		$ 0
ASC 842
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative effect of retained earnings	$ 0

Basis of Presentation - Schedul

Basis of Presentation - Schedule of Impact of adoption on Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Assets
Property, plant and equipment — net	$ 16,107		$ 16,083
Operating lease right-of-use assets — net	615		0
Finance lease right-of-use assets — net	322		0
Liabilities
Accrued liabilities	1,541		1,560
Current maturities of long-term debt	14		67
Current portion of operating and finance lease obligations	329		0
Long-term debt	6,511		6,605
Long-term operating lease obligations	395		0
Long-term finance lease obligations	246		0
Other liabilities and deferred credits	$ 524		$ 575
ASC 842
Assets
Property, plant and equipment — net		$ 15,737
Operating lease right-of-use assets — net		804
Finance lease right-of-use assets — net		346
Liabilities
Accrued liabilities		1,558
Current maturities of long-term debt		12
Current portion of operating and finance lease obligations		437
Long-term debt		6,351
Long-term operating lease obligations		516
Long-term finance lease obligations		254
Other liabilities and deferred credits		483
ASC 842 | Adjustment For Finance Leases
Assets
Property, plant and equipment — net		(346)
Operating lease right-of-use assets — net		0
Finance lease right-of-use assets — net		346
Liabilities
Accrued liabilities		0
Current maturities of long-term debt		(55)
Current portion of operating and finance lease obligations		55
Long-term debt		(254)
Long-term operating lease obligations		0
Long-term finance lease obligations		254
Other liabilities and deferred credits		0
ASC 842 | Adjustment For Operating Leases
Assets
Property, plant and equipment — net		0
Operating lease right-of-use assets — net		804
Finance lease right-of-use assets — net		0
Liabilities
Accrued liabilities		(2)
Current maturities of long-term debt		0
Current portion of operating and finance lease obligations		382
Long-term debt		0
Long-term operating lease obligations		516
Long-term finance lease obligations		0
Other liabilities and deferred credits		$ (92)

Leases - Schedule of Consolidat

Leases - Schedule of Consolidated Balance Sheet Information Related to Operating and Finance Leases (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease right-of-use assets — net	$ 615	$ 0
Operating Leases, Lease obligations:
Operating Leases, Lease Liabilities, Current	313
Long-term operating lease obligations	395	0
Operating Leases, Total lease obligations	708
Finance lease right-of-use assets — net	322	0
Financing Leases, Lease obligations:
Financing Leases, Lease liabilities, Current	16
Financing Leases, Lease liabilities, Long-term	246	$ 0
Financing Leases, Total lease obligations	$ 262

Leases - Schedule of Consolid_2

Leases - Schedule of Consolidated Balance Sheet Information Related to Operating and Finance Leases (Parenthetical) (Detail) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
Finance lease, right-of-use assets, amortization cost	$ 384
Finance lease, right-of-use assets, accumulated amortization	$ 62

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Leases [Line Items]
Lease obligations as percentage of present value of future minimum lease payments in lease arrangement	100.00%
Lease payments as a percentage of lease costs	100.00%
Floating, Storage and Offloading Vessel
Leases [Line Items]
North Malay Basin, offshore Peninsular Malaysia - Hess operated interest	50.00%	50.00%
Gain or loss on sale of transaction		$ 0
Finance lease term	14 years 3 months 18 days

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Obligations (Detail) $ in Millions	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating Leases, 2019	$ 206
Operating Leases, 2020	183
Operating Leases, 2021	70
Operating Leases, 2022	64
Operating Leases, 2023	64
Operating Leases, Remaining years	198
Total lease payments	785
Less: Imputed interest	(77)
Total lease obligations	708
Financing Leases, 2019	18
Financing Leases, 2020	36
Financing Leases, 2021	36
Financing Leases, 2022	36
Financing Leases, 2023	36
Financing Leases, Remaining years	248
Total lease payments	410
Less: Imputed interest	(148)
Total lease obligations	$ 262

Leases - Summary of Information

Leases - Summary of Information Relates to Operating and Finance Leases Recorded (Detail)	6 Months Ended
	Jun. 30, 2019
Leases [Line Items]
Operating leases, Weighted average remaining lease term	4 years 10 months 24 days
Operating leases, Weighted average discount rate	4.30%
Finance leases, Weighted average remaining lease term	14 years 3 months 18 days
Finance leases, Range of remaining lease terms	14 years 3 months 18 days
Finance leases, Weighted average discount rate	7.90%
Minimum
Leases [Line Items]
Operating leases, Range of remaining lease terms	1 month 6 days
Maximum [Member]
Leases [Line Items]
Operating leases, Range of remaining lease terms	9 years 1 month 6 days

Leases - Components of Lease Co

Leases - Components of Lease Costs (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 107	$ 210
Finance lease cost:
Amortization of leased assets	11	24
Interest on lease obligations	5	11
Short-term lease cost	39	71
Variable lease cost	21	40
Sublease income	(3)	(6)
Total lease cost	$ 180	$ 350

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease obligations:
Operating Leases, Operating cash flows	$ 209
Operating Leases, Financing cash flows	0
Finance Leases, Operating cash flows	11
Finance Leases, Financing cash flows	48
Noncash transactions:
Operating Leases, Leased assets recognized for new lease obligations incurred	3
Finance Leases, Leased assets recognized for new lease obligations incurred	$ 0

Preferred Stock Conversion - Ad

Preferred Stock Conversion - Additional Information (Detail) - shares shares in Millions	Jan. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Class Of Stock [Line Items]
Series A, cumulative mandatory convertible preferred stock - dividend rate		8.00%	8.00%
Series A Mandatory Convertible Preferred Stock
Class Of Stock [Line Items]
Common stock issuance following preferred stock conversion	12.5	12.5
Series A, cumulative mandatory convertible preferred stock - dividend rate	8.00%	8.00%
Number of common shares received from capped call upon conversion of preferred stocks	0.9	0.9
Net number of common shares issued upon conversion of preferred stocks	11.6	11.6
Convertible preferred stock conversion in to common stock converted shares		21.822

Revenue - Summary of Revenue fr

Revenue - Summary of Revenue from Contracts with Customers on a Disaggregated Basis (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	$ 1,671	$ 1,581	$ 3,228	$ 2,961
Other operating revenues (a)	(11)	(47)	4	(81)
Total sales and other operating revenues	1,660	1,534	3,232	2,880
Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Crude Oil Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	967	849	1,777	1,617
Natural Gas Liquids Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	48	75	116	146
Natural Gas Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	195	211	426	389
Sales of Purchased Oil and Gas
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	461	446	909	809
Operating Segments | Exploration and Production
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	1,671	1,581	3,228	2,961
Other operating revenues (a)	(11)	(47)	4	(81)
Total sales and other operating revenues	1,660	1,534	3,232	2,880
Operating Segments | Exploration and Production | Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | United States
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	1,282	1,228	2,500	2,256
Other operating revenues (a)	(11)	(47)	4	(81)
Total sales and other operating revenues	1,271	1,181	2,504	2,175
Operating Segments | Exploration and Production | United States | Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Denmark
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	53	21	72	57
Other operating revenues (a)	0	0	0	0
Total sales and other operating revenues	53	21	72	57
Operating Segments | Exploration and Production | Denmark | Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Libya
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	158	139	277	270
Other operating revenues (a)	0	0	0	0
Total sales and other operating revenues	158	139	277	270
Operating Segments | Exploration and Production | Libya | Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Malaysia & JDA
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	178	193	379	378
Other operating revenues (a)	0	0	0	0
Total sales and other operating revenues	178	193	379	378
Operating Segments | Exploration and Production | Malaysia & JDA | Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Crude Oil Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	967	849	1,777	1,617
Operating Segments | Exploration and Production | Crude Oil Revenue | United States
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	762	692	1,444	1,285
Operating Segments | Exploration and Production | Crude Oil Revenue | Denmark
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	51	19	67	52
Operating Segments | Exploration and Production | Crude Oil Revenue | Libya
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	130	110	221	209
Operating Segments | Exploration and Production | Crude Oil Revenue | Malaysia & JDA
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	24	28	45	71
Operating Segments | Exploration and Production | Natural Gas Liquids Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	48	75	116	146
Operating Segments | Exploration and Production | Natural Gas Liquids Revenue | United States
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	48	75	116	146
Operating Segments | Exploration and Production | Natural Gas Liquids Revenue | Denmark
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Natural Gas Liquids Revenue | Libya
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Natural Gas Liquids Revenue | Malaysia & JDA
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Natural Gas Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	195	211	426	389
Operating Segments | Exploration and Production | Natural Gas Revenue | United States
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	33	37	75	76
Operating Segments | Exploration and Production | Natural Gas Revenue | Denmark
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	2	2	5	5
Operating Segments | Exploration and Production | Natural Gas Revenue | Libya
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	6	7	12	15
Operating Segments | Exploration and Production | Natural Gas Revenue | Malaysia & JDA
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	154	165	334	293
Operating Segments | Exploration and Production | Sales of Purchased Oil and Gas
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	461	446	909	809
Operating Segments | Exploration and Production | Sales of Purchased Oil and Gas | United States
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	439	424	865	749
Operating Segments | Exploration and Production | Sales of Purchased Oil and Gas | Denmark
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Exploration and Production | Sales of Purchased Oil and Gas | Libya
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	22	22	44	46
Operating Segments | Exploration and Production | Sales of Purchased Oil and Gas | Malaysia & JDA
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	14
Operating Segments | Midstream
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	190	176	380	343
Other operating revenues (a)	0	0	0	0
Total sales and other operating revenues	190	176	380	343
Operating Segments | Midstream | Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	190	176	380	343
Operating Segments | Midstream | Crude Oil Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Midstream | Natural Gas Liquids Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Midstream | Natural Gas Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Operating Segments | Midstream | Sales of Purchased Oil and Gas
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Eliminations
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	(190)	(176)	(380)	(343)
Other operating revenues (a)	0	0	0	0
Total sales and other operating revenues	(190)	(176)	(380)	(343)
Eliminations | Intercompany Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	(190)	(176)	(380)	(343)
Eliminations | Crude Oil Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Eliminations | Natural Gas Liquids Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Eliminations | Natural Gas Revenue
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	0	0	0	0
Eliminations | Sales of Purchased Oil and Gas
Disaggregation Of Revenue [Line Items]
Total revenues from contracts with customers	$ 0	$ 0	$ 0	$ 0

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Exploration and Production
Disaggregation Of Revenue [Line Items]
Credit losses on receivables with customers	$ 0

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Crude oil and natural gas liquids	$ 82	$ 74
Materials and supplies	196	171
Total Inventories	$ 278	$ 245

Capitalized Exploratory Well _3

Capitalized Exploratory Well Costs - Net Changes in Capitalized Exploratory Well Costs (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Capitalized Exploratory Well Costs [Abstract]
Beginning balance	$ 418
Additions to capitalized exploratory well costs pending the determination of proved reserves	101
Reclassifications to wells, facilities and equipment based on the determination of proved reserves	(25)
Ending balance	$ 494

Capitalized Exploratory Well _4

Capitalized Exploratory Well Costs - Additional Information (Detail) $ in Millions	Jun. 30, 2019USD ($)
Capitalized Exploratory Well Costs [Line Items]
Capitalized exploratory well costs that have been capitalized for period greater than one year	$ 349
Eight Wells where Hydrocarbons were Encountered Related to Six Discoveries on the Stabroek Block, Offshore Guyana
Capitalized Exploratory Well Costs [Line Items]
Capitalized well costs percentage	45.00%
Project interest percentage	30.00%
Northern Portion of Shenzi Field, Gulf of Mexico
Capitalized Exploratory Well Costs [Line Items]
Capitalized well costs percentage	35.00%
Project interest percentage	28.00%
JDA, Gulf of Thailand
Capitalized Exploratory Well Costs [Line Items]
Capitalized well costs percentage	10.00%
Project interest percentage	50.00%
North Malay Basin, offshore Peninsular Malaysia
Capitalized Exploratory Well Costs [Line Items]
Capitalized well costs percentage	10.00%
Project interest percentage	50.00%

Hess Infrastructure Partners _2

Hess Infrastructure Partners LP - Additional Information (Detail) - USD ($) $ in Millions	Mar. 22, 2019	Mar. 01, 2019	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Variable Interest Entity [Line Items]
Cash and cash equivalents			$ 2,208	$ 2,694	$ 2,908	$ 4,847
Property, plant and equipment, net			$ 16,107	16,083
Hess Infrastructure Partners LP (HIP)
Variable Interest Entity [Line Items]
Ownership percentage in Hess Infrastructure Partners LP (HIP) by Hess Corporation			50.00%
Water disposal management business, cash paid		$ 225
Cash consideration	$ 90
Contingent payments subject to certain future performance	$ 10
Hess Infrastructure Partners LP (HIP) | Additional Paid-in-Capital
Variable Interest Entity [Line Items]
Sale of water management business, after-tax gain offset to noncontrolling interests		$ 78
Hess Infrastructure Partners LP (HIP) | Midstream Segment
Variable Interest Entity [Line Items]
Variable Interest Entity Ownership Percentage			80.00%
Variable Interest Entity, Primary Beneficiary | Hess Infrastructure Partners LP (HIP)
Variable Interest Entity [Line Items]
Ownership percentage in Hess Infrastructure Partners LP (HIP) by Hess Corporation			50.00%
Cash and cash equivalents			$ 17	109
Property, plant and equipment, net			2,863	2,664
HIP's liabilities on a nonrecourse to Hess Corporation			$ 1,279	$ 1,105
Variable Interest Entity, Primary Beneficiary | Hess Midstream Partners LP (HIP) | Midstream Segment
Variable Interest Entity [Line Items]
Variable Interest Entity Ownership Percentage			20.00%

Retirement Plans - Components o

Retirement Plans - Components of Net Periodic Pension Cost (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Compensation And Retirement Disclosure [Abstract]
Service cost	$ 11	$ 10	$ 21	$ 24
Interest cost	24	24	48	47
Expected return on plan assets	(45)	(49)	(90)	(98)
Amortization of unrecognized net actuarial losses	12	9	23	21
Curtailment gains	0	0	0	(2)
Pension (income) expense	$ 2	$ (6)	$ 2	$ (8)

Retirement Plans - Components_2

Retirement Plans - Components of Net Periodic Pension Cost (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Compensation And Retirement Disclosure [Abstract]
Net non-service pension (income) costs included in Other, net	$ 9	$ 16	$ 19	$ 32

Retirement Plans - Additional I

Retirement Plans - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Compensation And Retirement Disclosure [Abstract]
Corporation's estimated contribution for funded pension plans in 2019	$ 40
Corporation's contribution for funded pension plan during the year to date	$ 20

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Debt Instrument Redemption [Line Items]
Terminated interest rate swaps					terminated interest rate swaps with a notional amount of $350 million
Amount of terminated interest rate swaps				$ 350
Loss on debt extinguishment	$ 0		$ 26		$ 0	$ 53
Other Notes
Debt Instrument Redemption [Line Items]
Debt instrument redemption amount			138			138
Carrying value of purchased debt			$ 112	$ 38		$ 112
8.125% Notes Due 2019
Debt Instrument Redemption [Line Items]
Debt instrument covenant, description				8.125%
Debt instrument redemption amount				$ 415
Debt instrument redemption of principal amount				$ 350
Debt instrument maturity year				2019
Revolving Credit Facility
Debt Instrument Redemption [Line Items]
Debt Instrument, undrawn borrowing capacity, amount	$ 3,500				$ 3,500
Debt instrument maturity year	May 15, 2023				May 15, 2023
Debt instrument covenant, description	1.30%				1.30%
Debt instrument covenant, ratio	0.650				0.650
Revolving credit facility expiration date	Jan. 31, 2021				Jan. 31, 2021
Revolving Credit Facility | Hess Midstream
Debt Instrument Redemption [Line Items]
Borrowing from revolving credit line		$ 199
Repayment of debt	$ 39

Weighted Average Common Share_2

Weighted Average Common Shares - Basic and Diluted Earnings Per Share (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income (loss) attributable to Hess Corporation Common Stockholders:
Net Income (Loss)	$ 34	$ (87)	$ 109	$ (152)
Less: Net income (loss) attributable to noncontrolling interests	40	43	83	84
Less: Preferred stock dividends	0	12	4	23
Net Income (Loss) Attributable to Hess Corporation Common Stockholders	$ (6)	$ (142)	$ 22	$ (259)
Weighted average number of common shares outstanding:
Basic	302.2	297.5	299.8	303.5
Diluted	302.2	297.5	302.1	303.5
Restricted Common Stock
Weighted average number of common shares outstanding:
Effect of dilutive securities	0	0	0.9	0
Stock Options
Weighted average number of common shares outstanding:
Effect of dilutive securities	0	0	0.2	0
Performance Share Units
Weighted average number of common shares outstanding:
Effect of dilutive securities	0	0	1.2	0

Weighted Average Common Share_3

Weighted Average Common Shares - Antidilutive Shares Excluded from Computation of Diluted Shares (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restricted Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of diluted shares	2,156,525	2,849,465	28,970	2,885,890
Stock Options
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of diluted shares	4,894,731	5,623,004	2,920,944	5,715,292
Performance Share Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of diluted shares	1,858,050	1,072,395	32,831	847,741
Common Shares from Conversion of Preferred Stocks
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive shares excluded from computation of diluted shares	0	12,547,650	1,954,473	12,566,312

Weighted Average Common Share_4

Weighted Average Common Shares - Additional Information (Detail) - shares	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Shares granted, restricted stock	945,009	1,081,923
Shares granted, performance share units	234,866	278,003
Shares granted, stock options	526,968	683,167

Guarantees and Contingencies -

Guarantees and Contingencies - Additional Information (Detail) $ in Millions	Mar. 04, 2016USD ($)	Mar. 31, 2014USD ($)	Jun. 30, 2019USD ($)Case
MTBE Cases
Loss Contingencies [Line Items]
Total number of remaining active cases filed | Case			3
Lower Passaic River
Loss Contingencies [Line Items]
Estimated remediation cost	$ 1,380
Gowanus Canal Superfund Site
Loss Contingencies [Line Items]
Estimated remediation cost		$ 506
Ector Drum, Inc. Superfund Site
Loss Contingencies [Line Items]
Estimated remediation cost			$ 3.5

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2019Segment
Segment Reporting [Abstract]
Number of operating segments for the Corporation	2

Segment Information - Financial

Segment Information - Financial Data by Operating Segment (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Sales and other operating revenues - third-parties	$ 1,660	$ 1,534	$ 3,232	$ 2,880
Intersegment revenues	0	0	0	0
Total sales and other operating revenues	1,660	1,534	3,232	2,880
Net Income (Loss) attributable to Hess Corporation	(6)	(130)	26	(236)
Depreciation, depletion and amortization	494	444	992	861
Provision (benefit) for income taxes	132	114	226	187
Capital Expenditures	694	570	1,336	961
Identifiable assets	21,695		21,695		$ 21,433
Eliminations
Segment Reporting Information [Line Items]
Sales and other operating revenues - third-parties	0	0	0	0
Intersegment revenues	(190)	(176)	(380)	(343)
Total sales and other operating revenues	(190)	(176)	(380)	(343)
Net Income (Loss) attributable to Hess Corporation	0	0	0	0
Depreciation, depletion and amortization	0	0	0	0
Provision (benefit) for income taxes	0	0	0	0
Capital Expenditures	0	0	0	0
Exploration and Production | Operating Segments
Segment Reporting Information [Line Items]
Sales and other operating revenues - third-parties	1,660	1,534	3,232	2,880
Intersegment revenues	0	0	0	0
Total sales and other operating revenues	1,660	1,534	3,232	2,880
Net Income (Loss) attributable to Hess Corporation	68	31	177	6
Depreciation, depletion and amortization	459	407	923	792
Provision (benefit) for income taxes	131	105	226	200
Capital Expenditures	625	486	1,140	840
Identifiable assets	16,572		16,572		16,109
Midstream | Operating Segments
Segment Reporting Information [Line Items]
Sales and other operating revenues - third-parties	0	0	0	0
Intersegment revenues	190	176	380	343
Total sales and other operating revenues	190	176	380	343
Net Income (Loss) attributable to Hess Corporation	35	30	72	58
Depreciation, depletion and amortization	35	31	69	62
Provision (benefit) for income taxes	0	9	0	18
Capital Expenditures	69	84	196	121
Identifiable assets	3,337		3,337		3,285
Corporate, Interest and Other | Operating Segments
Segment Reporting Information [Line Items]
Sales and other operating revenues - third-parties	0	0	0	0
Intersegment revenues	0	0	0	0
Total sales and other operating revenues	0	0	0	0
Net Income (Loss) attributable to Hess Corporation	(109)	(191)	(223)	(300)
Depreciation, depletion and amortization	0	6	0	7
Provision (benefit) for income taxes	1	0	0	(31)
Capital Expenditures	0	$ 0	0	$ 0
Identifiable assets	$ 1,786		$ 1,786		$ 2,039

Segment Information - Financi_2

Segment Information - Financial Data by Operating Segment (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net Income (Loss) attributable to Hess Corporation	$ (6)	$ (130)	$ 26	$ (236)
Midstream Segment | Operating Segments
Segment Reporting Information [Line Items]
Net Income (Loss) attributable to Hess Corporation	35	30	72	58
Midstream Segment | Operating Segments | Pro Forma
Segment Reporting Information [Line Items]
Net Income (Loss) attributable to Hess Corporation		39		76
Exploration and Production | Operating Segments
Segment Reporting Information [Line Items]
Net Income (Loss) attributable to Hess Corporation	$ 68	31	$ 177	6
Exploration and Production | Operating Segments | Pro Forma
Segment Reporting Information [Line Items]
Net Income (Loss) attributable to Hess Corporation		$ 22		$ (12)

Financial Risk Management Act_3

Financial Risk Management Activities - Summary of Gross Notional Amounts of Outstanding West Texas Intermediate (WTI) Commodity Contracts (Detail) - WTI - 2019	6 Months Ended	12 Months Ended
	Jun. 30, 2019MMBbls$ / bbl	Dec. 31, 2018MMBbls$ / bbl
Derivative [Line Items]
Calendar year program	2019	2019
Contract type	Puts	Puts
Effective date	Jul. 1, 2019	Jan. 1, 2019
End date	Dec. 31, 2019	Dec. 31, 2019
Crude oil volumes (millions of barrels) | MMBbls	17.5	34.7
Floor price per barrel – WTI | $ / bbl	60	60

Financial Risk Management Act_4

Financial Risk Management Activities - Gross Notional Amounts of Derivative Contracts Outstanding Excluding Commodity Contracts (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Foreign Exchange
Derivative [Line Items]
Outstanding gross notional amount	$ 44,000,000	$ 16,000,000
Interest Rate Swaps | Designated as Fair Value Hedges
Derivative [Line Items]
Outstanding gross notional amount	$ 100,000,000	$ 100,000,000

Financial Risk Management Act_5

Financial Risk Management Activities - Gross and Net Fair Values (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Derivatives Fair Value [Line Items]
Assets - Gross fair value of derivative contracts	$ 92	$ 484
Assets – Master netting arrangements	0	0
Assets - Net Fair Value of Derivative Contracts	92	484
Liabilities - Gross fair value of derivative contracts	0	(2)
Liabilities - Master netting arrangements	0	0
Liabilities - Net Fair Value of Derivative Contracts	0	(2)
Derivative Contracts Designated as Hedging Instruments
Derivatives Fair Value [Line Items]
Assets - Gross fair value of derivative contracts	92	484
Liabilities - Gross fair value of derivative contracts	0	(2)
Derivative Contracts Designated as Hedging Instruments | Commodity | Other Current Assets
Derivatives Fair Value [Line Items]
Assets - Gross fair value of derivative contracts	91	484
Liabilities - Gross fair value of derivative contracts	0	0
Derivative Contracts Designated as Hedging Instruments | Interest Rate | Other Assets (Noncurrent)
Derivatives Fair Value [Line Items]
Assets - Gross fair value of derivative contracts	1
Liabilities - Gross fair value of derivative contracts	$ 0
Derivative Contracts Designated as Hedging Instruments | Interest Rate | Other Liabilities and Deferred Credits
Derivatives Fair Value [Line Items]
Assets - Gross fair value of derivative contracts		0
Liabilities - Gross fair value of derivative contracts		$ (2)

Financial Risk Management Act_6

Financial Risk Management Activities - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Interest Rate Swaps | Designated as Fair Value Hedges
Derivative Instruments Gain Loss [Line Items]
Outstanding gross notional amount	$ 100,000,000		$ 100,000,000		$ 100,000,000
Unrealized change in fair value of interest rate swaps - (increase) decrease in derivative liability	2,000,000	$ (1,000,000)	3,000,000	$ (4,000,000)
Foreign Exchange
Derivative Instruments Gain Loss [Line Items]
Outstanding gross notional amount	44,000,000		44,000,000		$ 16,000,000
Foreign exchange gains (losses) reported in Other, net in Revenues and Non-Operating Income in the Statement of Consolidated Income	(2,000,000)	(5,000,000)	3,000,000	(1,000,000)
Gains (Losses) on foreign exchange contracts not designated as hedging instruments	1,000,000	(3,000,000)	1,000,000	(1,000,000)
Derivative Contracts Designated as Hedging Instruments | Crude Oil
Derivative Instruments Gain Loss [Line Items]
Increased (decreased) sales and other operating revenue	$ (14,000,000)	(44,000,000)	1,000,000	(74,000,000)
Pre-tax deferred income (losses) in Accumulated other comprehensive income (loss) to be reclassified into earnings during the remainder of 2019			$ 17,000,000
Derivative Contracts Not Designated as Hedging Instruments | Crude Oil
Derivative Instruments Gain Loss [Line Items]
Crude oil price hedging contracts decreased sales and other operating revenues by this amount, pre-tax		$ (8,000,000)		$ (16,000,000)

Financial Risk Management Act_7

Financial Risk Management Activities - Fair Value Measurements - Additional Information (Detail) $ in Millions	Jun. 30, 2019USD ($)
Carrying value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total long-term debt	$ 6,525
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total long-term debt fair value	$ 7,264