Dispositions (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Our Norway business is reflected as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for the periods prior to and including 2014. Select amounts reported in discontinued operations were as follows:

	Year Ended December 31,
(In millions)	2014		2013
Revenues applicable to discontinued operations	$	1,981	$	3,176
Pretax income from discontinued operations	$	1,693	$	2,537
Pretax gain on disposition of discontinued operations	$	1,406	$	—

In the first quarter of 2014, we closed the sales of our 10% non-operated working interests in the Production Sharing Contracts and Joint Operating Agreements for Angola Blocks 31 and 32 for aggregate proceeds of approximately $2 billion. A $532 million after-tax gain on the sale of our Angola assets was recorded in 2014. Included in this after-tax gain is a deferred tax benefit reflecting our ability to utilize foreign tax credits that otherwise would have needed a valuation allowance.

Our Angola operations are reflected as discontinued operations in the consolidated statements of income and the consolidated statements of cash flows for the periods prior to and including 2014. Select amounts reported in discontinued operations were as follows:

	Year Ended December 31,
(In millions)		2014		2013
Revenues applicable to discontinued operations		$	58	$	361
Pretax income from discontinued operations		$	51	$	247
Pretax gain on disposition of discontinued operations		$	426	$	—