BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2012

Financial Segment Information

Financial information for each country is presented below:

	United States		Canada			Egypt		Australia		North Sea		Argentina		Other International			Total
	(In millions)
2012
Oil and gas production revenues	$	6,226	$	1,322		$	4,554	$	1,575	$	2,751	$	519	$	—		$	16,947
Operating Expenses:
Depreciation, depletion, and amortization
Recurring		2,056		594			925		466		914		228		—			5,183
Additional		—		1,883			—		—		—		—		43			1,926
Asset retirement obligation accretion		112		41			—		17		58		4		—			232
Lease operating expenses		1,386		458			410		215		315		184		—			2,968
Gathering and transportation		69		163			39		—		24		8		—			303
Taxes other than income		292		50			14		11		451		44		—			862
Operating Income (Loss)(1)	$	2,311	$	(1,867	)	$	3,166	$	866	$	989	$	51	$	(43	)		5,473
Other Income (Expense):
Other																		131
General and administrative																		(531	)
Merger, acquisitions & transition																		(31	)
Financing costs, net																		(165	)
Income Before Income Taxes																	$	4,877
Net Property and Equipment	$	28,552	$	6,640		$	5,151	$	5,312	$	5,927	$	1,621	$	77		$	53,280
Total Assets	$	31,175	$	7,142		$	7,311	$	6,280	$	6,874	$	1,835	$	120		$	60,737
Additions to Net Property and Equipment	$	9,586	$	1,096		$	1,153	$	1,581	$	1,104	$	337	$	98		$	14,955
2011
Oil and gas production revenues	$	6,103	$	1,617		$	4,791	$	1,734	$	2,091	$	474	$	—		$	16,810
Operating Expenses:
Depreciation, depletion, and amortization
Recurring		1,684		546			818		440		409		198		—			4,095
Additional		—		—			—		—		—		—		109			109
Asset retirement obligation accretion		97		26			—		10		17		4		—			154
Lease operating expenses		1,167		470			398		197		208		165		—			2,605
Gathering and transportation		64		165			35		—		25		7		—			296
Taxes other than income		259		51			13		9		539		28		—			899
Operating Income (Loss)(1)	$	2,832	$	359		$	3,527	$	1,078	$	893	$	72	$	(109	)		8,652
Other Income (Expense):
Other																		78
General and administrative																		(459	)
Merger, acquisitions & transition																		(20	)
Financing costs, net																		(158	)
Income Before Income Taxes																	$	8,093
Net Property and Equipment	$	21,038	$	8,022		$	4,923	$	4,194	$	5,737	$	1,512	$	22		$	45,448
Total Assets	$	23,499	$	8,816		$	6,656	$	4,681	$	6,600	$	1,766	$	33		$	52,051
Additions to Net Property and Equipment	$	3,854	$	1,288		$	1,015	$	1,140	$	4,175	$	374	$	73		$	11,919
2010
Oil and gas production revenues	$	4,300	$	1,074		$	3,372	$	1,459	$	1,606	$	372	$	—		$	12,183
Operating Expenses:
Depreciation, depletion, and amortization
Recurring		1,163		294			754		408		304		160		—			3,083
Asset retirement obligation accretion		62		23			—		9		15		2		—			111
Lease operating expenses		924		334			298		185		168		123		—			2,032
Gathering and transportation		42		75			31		—		25		5		—			178
Taxes other than income		190		35			10		11		422		22		—			690
Operating Income(1)	$	1,919	$	313		$	2,279	$	846	$	672	$	60	$	—			6,089
Other Expense:
Other																		(91	)
General and administrative																		(380	)
Merger, acquisitions & transition																		(183	)
Financing costs, net																		(229	)
Income Before Income Taxes																	$	5,206
Net Property and Equipment	$	19,069	$	7,497		$	4,726	$	3,495	$	1,970	$	1,336	$	58		$	38,151
Total Assets	$	21,326	$	8,273		$	6,036	$	3,831	$	2,362	$	1,537	$	60		$	43,425
Additions to Net Property and Equipment	$	10,371	$	5,277		$	1,569	$	925	$	620	$	274	$	20		$	19,056

(1) Operating Income (Loss) consists of oil and gas production revenues less depreciation, depletion and amortization, asset retirement obligation accretion, lease operating expenses, gathering and transportation costs, and taxes other than income. Canada’s operating loss for 2012 includes additional depletion of $1.9 billon to write-down the carrying value of oil and gas properties.