Segment Information (Tables)

3 Months Ended

Mar. 31, 2023


	Three Months Ended March 31, 2023
(In millions)	U.S.		Int’l		Not Allocated to Segments			Total
Revenues from contracts with customers	$	1,503	$	64	$	—		$	1,567
Net gain on commodity derivatives	13		—		2		(b)	15
Income from equity method investments	—		80		—			80
Net gain on disposal of assets	—		—		5			5
Other income	11		1		1			13
Less costs and expenses:
Production	178		23		—			201
Shipping, handling and other operating	159		3		—			162
Exploration	5		—		10		(c)	15
Depreciation, depletion and amortization	505		12		3			520

Taxes other than income	97		—		(2)			95
General and administrative	35		3		44			82
Net interest and other	—		—		82			82
Other net periodic benefit costs	—		—		(3)			(3)

Income tax provision (benefit)	123		15		(29)			109
Segment income (loss)	$	425	$	89	$	(97)		$	417
Total assets	$	18,696	$	1,148	$	168		$	20,012
Capital expenditures(a)	$	597	$	2	$	2		$	601

(a)Includes accruals and excludes acquisitions.

(b)Unrealized gain on commodity derivative instruments (See Note 12).

(c)Includes $10 million of dry well expense associated with wells in Permian (See Note 9).


	Three Months Ended March 31, 2022
(In millions)	U.S.		Int’l		Not Allocated to Segments			Total
Revenues from contracts with customers	$	1,714	$	47	$	—		$	1,761
Net loss on commodity derivatives	(29)		—		(114)		(b)	(143)
Income from equity method investments	—		127		—			127

Other income	4		2		2			8
Less costs and expenses:
Production	141		11		—			152
Shipping, handling and other operating	150		9		26			185
Exploration	11		—		—			11
Depreciation, depletion and amortization	404		15		4			423

Taxes other than income	99		—		5			104
General and administrative	30		3		40			73
Net interest and other	—		—		22		(c)	22
Other net periodic benefit costs	—		—		(4)			(4)

Income tax provision (benefit)	193		23		(733)		(d)	(517)
Segment income	$	661	$	115	$	528		$	1,304
Total assets	$	15,684	$	1,102	$	1,195		$	17,981
Capital expenditures(a)	$	346	$	(1)	$	3		$	348

(a)Includes accruals.

(b)Unrealized loss on commodity derivative instruments (See Note 12).

(c)Includes a $17 million gain on 2025 interest rate swaps (See Note 12).

(d)Includes a $685 million benefit related to the partial release of our valuation allowance (See Note 6).