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Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2016
 
 
 
Not Allocated
 
 
(In millions)
N.A. E&P
 
Int'l E&P
 
OSM
 
to Segments
 
Total
Sales and other operating revenues
$
493

 
$
96

 
$
148

 
$
(23
)
(c) 
$
714

Marketing revenues
31

 
15

 
12

 

 
58

Total revenues
524

 
111

 
160

 
(23
)
 
772

Income from equity method investments

 
14

 

 

 
14

Net gain (loss) on disposal of assets and other income
1

 
6

 

 
(63
)
(d) 
(56
)
Less:
 
 
 
 
 
 
 
 
 
Production expenses
134

 
53

 
141

 

 
328

Marketing costs
32

 
14

 
12

 

 
58

Exploration expenses
18

 
6

 

 


24

Depreciation, depletion and amortization
487

 
50

 
60

 
12

 
609

Impairments
1

 

 

 

 
1

Other expenses (a)
118

 
16

 
7

 
119

(e) 
260

Taxes other than income
42

 

 
5

 
1

 
48

Net interest and other

 

 

 
85

 
85

Income tax benefit
(112
)
 
(12
)
 
(17
)
 
(135
)
 
(276
)
Segment income (loss) / Net income (loss)
$
(195
)
 
$
4

 
$
(48
)
 
$
(168
)
 
$
(407
)
Capital expenditures (b)
$
315

 
$
32

 
$
9

 
$
3

 
$
359


(a) 
Includes other operating expenses and general and administrative expenses.
(b)Includes accruals.
(c) 
Unrealized loss on commodity derivative instruments.
(d) 
Related to the net loss on disposal of assets (see Note 5).
(e) 
Includes pension settlement loss of $48 million and severance related expenses associated with workforce reductions of $7 million (see Note 7).
 
Three Months Ended March 31, 2015
 
 
 
Not Allocated
 
 
(In millions)
N.A. E&P
 
Int'l E&P
 
OSM
 
to Segments
 
Total
Sales and other operating revenues
$
850

 
$
182

 
$
225

 
$
23

(c) 
$
1,280

Marketing revenues
178

 
26

 

 

 
204

Total revenues
1,028

 
208

 
225

 
23

 
1,484

Income from equity method investments

 
36

 

 

 
36

Net gain on disposal of assets and other income

 
10

 
1

 
1

 
12

Less:
 
 
 
 
 
 
 
 
 
Production expenses
202

 
67

 
175

 

 
444

Marketing costs
180

 
25

 

 

 
205

Exploration expenses
35

 
55

 

 

 
90

Depreciation, depletion and amortization
683

 
64

 
62

 
12

 
821

Other expenses (a)
117

 
23

 
9

 
129

(d) 
278

Taxes other than income
61

 

 
5

 
1

 
67

Net interest and other

 

 

 
47

 
47

Income tax benefit
(89
)
 
(3
)
 
(6
)
 
(46
)
 
(144
)
Segment income (loss) / Net income (loss)
$
(161
)
 
$
23

 
$
(19
)
 
$
(119
)
 
$
(276
)
Capital expenditures (b)
$
933

 
$
146

 
$
21

 
$
2

 
$
1,102


(a) 
Includes other operating expenses and general and administrative expenses.
(b) 
Includes accruals.
(c) 
Unrealized gain on commodity derivative instruments.
(d) 
Includes $43 million of severance related expenses associated with a workforce reduction and pension settlement loss of $17 million (see Note 7).