Segment Information (Tables)

6 Months Ended

Jun. 30, 2020


	Three Months Ended June 30, 2020
(In millions)	U.S.		Int’l		Not Allocated to Segments			Total
Revenues from contracts with customers	$	462	$	28	$	—		$	490
Net gain (loss) on commodity derivatives	26		—		(96)		^(b)	(70)
Loss from equity method investments	—		—		(152)		^(c)	(152)
Net loss on disposal of assets	—		—		(2)			(2)
Other income	3		2		1			6
Less costs and expenses:
Production	114		15		—			129
Shipping, handling and other operating	91		1		13			105
Exploration	26		—		—			26
Depreciation, depletion and amortization	569		22		6			597

Taxes other than income	30		—		—			30
General and administrative	32		3		53		^(d)	88
Net interest and other	—		—		69			69
Other net periodic benefit credit	—		—		(7)		^(e)	(7)
Income tax benefit	(6)		(5)		(4)			(15)
Segment loss	$	(365)	$	(6)	$	(379)		$	(750)
Total assets	$	16,791	$	1,144	$	632		$	18,567
Capital expenditures^(a)	$	137	$	—	$	2		$	139

^(a)Includes accruals.

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

^(c)Partial impairment of investment in equity method investee (See N ot e 2 3).

^(d)Includes severance expenses associated with workforce reductions of $13 million.

^(e)Includes pension settlement loss of $14 million and pension curtailment gain of $17 million (See N ote 2 0).


	Three Months Ended June 30, 2019
(In millions)	U.S.		Int’l		Not Allocated 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 credit	—		(1)		(1)			(2)
Income tax provision	3		17		12			32
Segment income (loss)	$	215	$	96	$	(150)		$	161
Total assets	$	17,539	$	2,913	$	830		$	21,282
Capital expenditures^(a)	$	686	$	10	$	5		$	701

^(a)Includes accruals.

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

^(c)Primarily related to the sale of certain non-core proved properties in our International segment (see No te 4).

^(d)Primarily as a result of the anticipated sale of non-core proved properties in our United States segment (See Note 11).


	Six Months Ended June 30, 2020
(In millions)	U.S.		Int’l		Not Allocated to Segments			Total
Revenues from contracts with customers	$	1,432	$	82	$	—		$	1,514
Net gain on commodity derivatives	57		—		75		^(b)	132
Loss from equity method investments	—		(12)		(152)		^(c)	(164)
Net gain on disposal of assets	—		—		7			7
Other income	7		4		2			13
Less costs and expenses:
Production	257		32		—			289
Shipping, handling and other operating	231		4		14			249
Exploration	54		—		—			54
Depreciation, depletion and amortization	1,186		43		12			1,241
Impairments	—		—		97		^(d)	97
Taxes other than income	96		—		—			96
General and administrative	64		7		93		^(e)	164
Net interest and other	—		—		133			133
Other net periodic benefit credit	—		—		(7)		^(f)	(7)
Income tax benefit	(7)		(5)		(6)			(18)
Segment loss	$	(385)	$	(7)	$	(404)		$	(796)
Total assets	$	16,791	$	1,144	$	632		$	18,567
Capital expenditures^(a)	$	698	$	—	$	9		$	707

^(a)Includes accruals.

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

^(c)Partial impairment of investment in equity method investee (See Note 23).

^(d)Includes the full impairment of the International reporting unit goodwill of $95 million (See N ote 14).

^(e)Includes severance expenses associated with workforce reductions of $13 million.

^(f)Includes pension settlement loss of $16 million and pension curtailment gain of $17 million (See Note 20).


	Six Months Ended June 30, 2019
(In millions)	U.S.		Int’l		Not Allocated to Segments			Total
Revenue 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 credit	—		(3)		(4)			(7)
Income tax provision (benefit)	1		6		(122)		^(f)	(115)
Segment income (loss)	$	347	$	157	$	(169)		$	335
Total assets	$	17,539	$	2,913	$	830		$	21,282
Capital expenditures^(a)	$	1,292	$	15	$	8		$	1,315

^(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).

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

^(e)Primarily as a result of anticipated sales of certain non-core proved properties in our International and United States segments.

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