Segment Information (Tables)

12 Months Ended

Dec. 31, 2019



	Year Ended December 31, 2019
(In millions)	U.S.		Int’l			Not Allocated to Segments				Total
Revenues from contracts with customers	$	4,602	$	461		$	—			$	5,063
Net gain (loss) on commodity derivatives	52		—			(124		)	^(b)	(72		)
Income from equity method investments	—		87			—				87
Net gain on disposal of assets	—		—			50			^(c)	50
Other income	13		9			40				62
Less costs and expenses:
Production	588		126			(2		)		712
Shipping, handling and other operating	561		26			18				605
Exploration	149		—			—				149
Depreciation, depletion and amortization	2,250		121			26				2,397
Impairments	—		—			24			^(d)	24
Taxes other than income	311		—			—				311
General and administrative	127		25			204				356
Net interest and other	—		—			244				244
Other net periodic benefit costs	—		(3		)	—			^(e)	(3		)
Loss on early extinguishment of debt	—		—			3				3
Income tax provision (benefit)	6		29			(123		)		(88		)
Segment income (loss)	$	675	$	233		$	(428	)		$	480
Total assets	$	17,781	$	1,530		$	934			$	20,245
Capital expenditures^(a)	$	2,550	$	16		$	25			$	2,591


^(a)	Includes accruals and excludes acquisitions.


^(b)	Unrealized loss on commodity derivative instruments (see Note 15).


^(c)	Primarily related to the sale of our working interest in the Droshky field (Gulf of Mexico) and the sale of our U.K. business (see Note 5).


^(d)	Primarily a result of anticipated sales of non-core proved properties in our International and United States segments (see Note 11).


^(e)	Includes pension settlement loss of $12 million (see Note 19).



	Year Ended December 31, 2018
(In millions)	U.S.			Int’l			Not Allocated to Segments				Total
Revenues from contracts with customers	$	4,886		$	1,016		$	—			$	5,902
Net gain (loss) on commodity derivatives	(281		)	—			267			^(b)	(14		)
Income from equity method investments	—			225			—				225
Net gain on disposal of assets	—			—			319			^(c)	319
Other income	16			12			122			^(d)	150
Less costs and expenses:
Production	625			215			2				842
Shipping, handling and other operating	499			70			6				575
Exploration	246			3			40			^(e)	289
Depreciation, depletion and amortization	2,217			197			27				2,441
Impairments	—			—			75			^(f)	75
Taxes other than income	301			—			(2		)		299
General and administrative	146			32			216				394
Net interest and other	—			—			226				226
Other net periodic benefit costs	—			(9		)	23			^(g)	14
Income tax provision (benefit)	(21		)	272			80				331
Segment income	$	608		$	473		$	15			$	1,096
Total assets	$	17,321		$	2,083		$	1,917			$	21,321
Capital expenditures^(a)	$	2,620		$	39		$	26			$	2,685


^(a)	Includes accruals and excludes acquisitions.


^(b)	Unrealized gain on commodity derivative instruments (see Note 15).


^(c)	Primarily related to the gain on sale of our Libya subsidiary(see Note 5).


^(d)	Primarily a reduction of asset retirement obligations in our International segment (see Note 12).


^(e)	Primarily related to dry well expense and unproved property impairments associated with the Rodo well in Alba Block Sub Area B, offshore E.G. (see Note 10).


^(f)	Due to the anticipated sales of certain non-core proved properties in our International and United States segments (see Note 11).


^(g)	Includes pension settlement loss of $21 million (see Note 19).



	Year Ended December 31, 2017
(In millions)	U.S.			Int’l			Not Allocated to Segments				Total
Revenues from contracts with customers	$	3,093		$	1,154		$	—			$	4,247
Net gain (loss) on commodity derivatives	45			—			(81		)	^(b)	(36		)
Marketing revenues	29			133			—				162
Income from equity method investments	—			256			—				256
Net gain on disposal of assets	1			—			57			^(c)	58
Other income	12			6			60				78
Less costs and expenses:
Production	476			239			1				716
Marketing costs	36			132			—				168
Shipping, handling and other operating	354			77			—				431
Exploration	154			5			250			^(d)	409
Depreciation, depletion and amortization	2,011			328			33				2,372
Impairments	4			—			225			^(e)	229
Taxes other than income	173			—			10				183
General and administrative	119			30			222				371
Net interest and other	—			—			270			^(f)	270
Other net periodic benefit costs	—			(8		)	27			^(g)	19
Loss on early extinguishment of debt	—			—			51			^(h)	51
Income tax provision	1			372			3				376
Segment income (loss)	$	(148	)	$	374		$	(1,056	)		$	(830	)
Total assets	$	16,863		$	4,201		$	948			$	22,012
Capital expenditures^(a)	$	2,081		$	42		$	27			$	2,150


^(a)	Includes accruals and excludes acquisitions.


^(b)	Unrealized loss on commodity derivative instruments (see Note 15).


^(c)	Primarily related to the sale of certain conventional assets in Oklahoma and Colorado(see Note 5).


^(d)	Primarily related to unproved property impairments associated with certain non-core properties within our International segment (see Note 11).


^(e)	Primarily related to proved property impairments associated with certain non-core properties within our International segment (see Note 11).


^(f)	Includes a gain of $46 million resulting from the termination of our forward starting interest rate swaps (see Note 15).


^(g)	Includes pension settlement loss of $32 million (see Note 19).

^(h)

Primarily related to the make-whole call provisions paid upon redemption of our senior unsecured notes (see Note 17).

The following summarizes property, plant and equipment and equity method investments.