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Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Three Months Ended June 30, 2019
 
 
Not Allocated
 
 
(In millions)
U.S.
 
Int’l
 
to Segments
 
Total
Revenues from contracts with customers
$
1,200

 
$
181

 
$

 
$
1,381

Net gain on commodity derivatives
5

 

 
11

(b) 
16

Income from equity method investments

 
31

 

 
31

Net loss on disposal of assets

 

 
(8
)
(c) 
(8
)
Other income
4

 
2

 
7

 
13

Less costs and expenses:
 
 
 
 
 
 
 
Production
147

 
46

 

 
193

Shipping, handling and other operating
147

 
10

 
13

 
170

Exploration
26

 

 

 
26

Depreciation, depletion and amortization
561

 
38

 
6

 
605

Impairments

 

 
18

(d) 
18

Taxes other than income
79

 

 

 
79

General and administrative
31

 
8

 
48

 
87

Net interest and other

 

 
64

 
64

Other net periodic benefit costs

 
(1
)
 
(1
)
 
(2
)
Income tax provision (benefit)
3

 
17

 
12

 
32

Segment income
$
215

 
$
96

 
$
(150
)
 
$
161

Capital expenditures(a)
$
686

 
$
10

 
$
5

 
$
701

(a) 
Includes accruals.
(b) 
Unrealized gain on commodity derivative instruments (See Note 13).
(c) 
Primarily related to the sale of our certain non-core proved properties in our International segment (See Note 4).
(d) 
Primarily a result of the anticipated sale of non-core proved properties in the United States segment (See Note 10).
 
Three Months Ended June 30, 2018
 
 
Not Allocated
 
 
(In millions)
U.S.
 
Int’l
 
to Segments
 
Total
Revenues from contracts with customers
$
1,221

 
$
226

 
$

 
$
1,447

Net loss on commodity derivatives
(107
)
 

 
(45
)
(b) 
(152
)
Income from equity method investments

 
60

 

 
60

Net gain on disposal of assets

 

 
50

 
50

Other income
2

 
2

 
8

 
12

Less costs and expenses:
 
 
 
 
 
 
 
Production
153

 
52

 

 
205

Shipping, handling and other operating
117

 
10

 
(1
)
 
126

Exploration
64

 
1

 

 
65

Depreciation, depletion and amortization
556

 
50

 
6

 
612

Impairments

 

 
34

(c) 
34

Taxes other than income
68

 

 
(3
)
 
65

General and administrative
35

 
9

 
61

 
105

Net interest and other

 

 
65

 
65

Other net periodic benefit costs

 
(2
)
 
2

 

Income tax provision (benefit)

 
26

 
18

 
44

Segment income (loss)
$
123

 
$
142

 
$
(169
)
 
$
96

Capital expenditures(a)
$
641

 
$
16

 
$
5

 
$
662


(a) 
Includes accruals.
(b) 
Unrealized loss on commodity derivative instruments (See Note 13).
(c) 
Primarily a result of anticipated sales of certain non-core proved properties in our International and United States segments (See Note 10).

 
Six Months Ended June 30, 2019
 
 
Not Allocated
 
 
(In millions)
U.S.
 
Int’l
 
to Segments
 
Total
Revenues from contracts with customers
$
2,262

 
$
319

 
$

 
$
2,581

Net gain (loss) on commodity derivatives
27

 

 
(102
)
(b) 
(75
)
Income from equity method investments

 
42

 

 
42

Net gain on disposal of assets

 

 
34

(c) 
34

Other income
5

 
5

 
38

(d) 
48

Less costs and expenses:

 

 

 

Production
286

 
96

 
(2
)
 
380

Shipping, handling and other operating
287

 
23

 
14

 
324

Exploration
85

 

 

 
85

Depreciation, depletion and amortization
1,075

 
72

 
12


1,159

Impairments

 

 
24

(e) 
24

Taxes other than income
153

 

 
(2
)
 
151

General and administrative
60

 
15

 
106

 
181

Net interest and other

 

 
113

 
113

Other net periodic benefit costs

 
(3
)
 
(4
)

(7
)
Income tax provision (benefit)
1

 
6

 
(122
)
(f) 
(115
)
Segment income
$
347

 
$
157

 
$
(169
)
 
$
335

Capital expenditures(a)
$
1,292

 
$
15

 
$
8

 
$
1,315


(a) 
Includes accruals.
(b) 
Unrealized loss on commodity derivative instruments (See Note 13).
(c) 
Primarily related to the sale of our working interest in the Droshky field (Gulf of Mexico) (See Note 4).
(d) 
Primarily related to the indemnification of certain tax liabilities in connection with the 2010-2011 Federal Tax Audit (See Note 7).
(e) 
Primarily a result of anticipated sales of our certain non-core proved properties in our International and United States segments (See Note 10).
(f) 
Primarily relates to the settlement of the 2010-2011 Federal Tax Audit (See Note 7).




 
Six Months Ended June 30, 2018
 
 
Not Allocated
 
 
(In millions)
U.S.
 
Int’l
 
to Segments
 
Total
Revenue from contracts with customers
$
2,346

 
$
638

 
$

 
$
2,984

Net loss on commodity derivatives
(166
)
 

 
(88
)
(b) 
(254
)
Income from equity method investments

 
97

 

 
97

Net gain on disposal of assets

 

 
307

(c) 
307

Other income
5

 
3

 
8

 
16

Less costs and expenses:
 
 
 
 
 
 
 
Production
304

 
119

 
(1
)
 
422

Shipping, handling and other operating
228

 
29

 
(1
)
 
256

Exploration
115

 
2

 

 
117

Depreciation, depletion and amortization
1,084

 
104

 
14

 
1,202

Impairments

 

 
42

(d) 
42

Taxes other than income
132

 

 
(3
)
 
129

General and administrative
71

 
18

 
116

 
205

Net interest and other

 

 
110

 
110

Other net periodic benefit costs

 
(4
)
 
7

 
3

Income tax provision (benefit)
3

 
196

 
13

 
212

Segment income (loss)
$
248

 
$
274

 
$
(70
)
 
$
452

Capital expenditures(a)
$
1,252

 
$
22

 
$
10

 
$
1,284

(a) 
Includes accruals.
(b) 
Unrealized loss on commodity derivative instruments (See Note 13).
(c) 
Primarily related to the gain on sale of our Libya subsidiary (See Note 4).
(d) 
Primarily a result of anticipated sales of certain non-core proved properties in our International and United States segments (See Note 4).