Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

	Three Months Ended March 31, 2020
(In millions)	U.S.			Int’l			Not Allocated to Segments				Total
Revenues from contracts with customers	$	970		$	54		$	—			$	1,024
Net gain (loss) on commodity derivatives	31			—			171			(b)	202
Income (loss) from equity method investments	—			(12		)	—				(12		)
Net gain on disposal of assets	—			—			9				9
Other income	4			2			1				7
Less costs and expenses:
Production	143			17			—				160
Shipping, handling and other operating	140			3			1				144
Exploration	28			—			—				28
Depreciation, depletion and amortization	617			21			6				644
Impairments	—			—			97			(c)	97
Taxes other than income	66			—			—				66
General and administrative	32			4			40				76
Net interest and other	—			—			64				64
Other net periodic benefit costs	—			—			—				—
Income tax benefit	(1		)	—			(2		)		(3		)
Segment loss	$	(20	)	$	(1	)	$	(25	)		$	(46	)
Total assets	$	17,453		$	1,405		$	857			$	19,715
Capital expenditures(a)	$	561		$	—		$	7			$	568

^(a)  Includes accruals.

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

^(c)  Includes the full impairment of the International reporting unit goodwill of $95 million (See Note 14).

	Three Months Ended March 31, 2019
(In millions)	U.S.			Int’l			Not Allocated to Segments				Total
Revenues from contracts with customers	$	1,062		$	138		$	—			$	1,200
Net gain (loss) on commodity derivatives	22			—			(113		)	(b)	(91		)
Income from equity method investments	—			11			—				11
Net gain on disposal of assets	—			—			42			(c)	42
Other income	1			3			31			(d)	35
Less costs and expenses:
Production	139			50			(2		)		187
Shipping, handling and other operating	140			13			1				154
Exploration	59			—			—				59
Depreciation, depletion and amortization	514			34			6				554
Impairments	—			—			6			(e)	6
Taxes other than income	74			—			(2		)		72
General and administrative	29			7			58				94
Net interest and other	—			—			49				49
Other net periodic benefit costs	—			(2		)	(3		)		(5		)
Income tax benefit	(2		)	(11		)	(134		)	(f)	(147		)
Segment income (loss)	$	132		$	61		$	(19	)		$	174
Total assets	$	17,503		$	2,668		$	1,239			$	21,410
Capital expenditures(a)	$	606		$	5		$	3			$	614

^(a)  Includes accruals.

^(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), which closed during the first quarter of 2019.

^(d)  Primarily related to the indemnification of certain tax liabilities in connection with the 2010-2011 Federal Tax Audit with the IRS (See Note 7).

^(e)  Due to the anticipated sale of non-operated interest in the Atrush block in Kurdistan (See Note 11).

^(f) 

Primarily relates to the settlement of the 2010-2011 Federal Tax Audit (See Note 7).