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Segment Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We have two reportable operating segments. Both of these segments are organized and managed based upon geographic location and the nature of the products and services offered.
•United States (“U.S.”) – explores for, produces and markets crude oil and condensate, NGLs and natural gas in the United States; and
•International (“Int’l”) – explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States as well as produces and markets products manufactured from natural gas, such as LNG and methanol, in Equatorial Guinea (“E.G.”)
Segment income represents income that excludes certain items not allocated to our operating segments, net of income taxes. A portion of our corporate and operations general and administrative support costs are not allocated to the operating segments. These unallocated costs primarily consist of employment costs (including pension effects), professional services, facilities and other costs associated with corporate and operations support activities. Additionally, items which affect comparability such as: gains or losses on dispositions, impairments of proved and certain unproved properties, dry wells, changes in our valuation allowance, unrealized gains or losses on commodity and interest rate derivative instruments, effects of pension settlements and curtailments, expensed transaction costs for business combinations or other items (as determined by the chief operating decision maker (“CODM”)) are not allocated to operating segments.
 Three Months Ended September 30, 2023
(In millions)U.S.Int’l Not Allocated to SegmentsTotal
Revenues from contracts with customers$1,700 $71 $— $1,771 
Net gain (loss) on commodity derivatives7 — (6)
(b)
1 
Income from equity method investments— 38 — 38 
Net gain on disposal of assets— — 1 1 
Other income— 1 1 2 
Less costs and expenses:
Production173 19 — 192 
Shipping, handling and other operating162 2 — 

164 
Exploration8 1 11 
(c)
20 
Depreciation, depletion and amortization570 12 1 583 
Taxes other than income112 — 1 113 
General and administrative32 3 37 72 
Net interest and other— — 94 94 
Other net periodic benefit costs— — (5)

(5)
Income tax provision (benefit)145 11 (29)127 
Segment income (loss)$505 $62 $(114)$453 
Total assets$18,503 $1,072 $344 $19,919 
Capital expenditures(a)
$444 $1 $4 $449 
(a)Includes accruals and excludes acquisitions.
(b)Unrealized loss on commodity derivative instruments (See Note 12).
(c)Includes $11 million of unproved impairments related to Permian exploration leases.
 Three Months Ended September 30, 2022
(In millions)U.S.Int’l Not Allocated to SegmentsTotal
Revenues from contracts with customers$1,927 $81 $— $2,008 
Net gain (loss) on commodity derivatives(26)— 67 
(b)
41 
Income from equity method investments— 190 — 190 
Net gain on disposal of assets— — 2 2 
Other income4 1 1 6 
Less costs and expenses:
Production173 20 — 193 
Shipping, handling and other operating171 5 23 199 
Exploration11 — 62 
(c)
73 
Depreciation, depletion and amortization441 14 5 460 
Impairments— — 2 2 
Taxes other than income136 — 1 137 
General and administrative37 4 38 

79 
Net interest and other— — 52 52 
Other net periodic benefit costs— — (5)(5)
Income tax provision (benefit)213 48 (21)240 
Segment income (loss)$723 $181 $(87)$817 
Total assets$15,487 $1,294 $1,077 $17,858 
Capital expenditures(a)
$406 $1 $6 $413 
(a)Includes accruals and excludes acquisitions.
(b)Unrealized gain on commodity derivative instruments (See Note 12).
(c)Includes dry well costs and unproved property impairments of $48 million for Louisiana Austin Chalk exploration leases and $14 million for Permian unproved property leases.
 Nine Months Ended September 30, 2023
(In millions)U.S.Int’l Not Allocated to SegmentsTotal
Revenues from contracts with customers$4,643 $179 $— $4,822 
Net gain (loss) on commodity derivatives27 — (8)
(c)
19 
Income from equity method investments— 140 — 140 
Net gain on disposal of assets— — 6 6 
Other income12 5 2 19 
Less costs and expenses:
Production542 65 — 607 
Shipping, handling and other operating482 5 — 487 
Exploration19 1 26 
(d)
46 
Depreciation, depletion and amortization1,622 34 6 1,662 
Taxes other than income252 
(b)
— (1)251 
General and administrative98 9 118 

225 
Net interest and other— — 268 

268 
Other net periodic benefit costs— — (11)(11)
Income tax provision (benefit)372 29 (87)

314 
Segment income (loss)$1,295 $181 $(319)$1,157 
Total assets$18,503 $1,072 $344 $19,919 
Capital expenditures(a)
$1,661 $3 $9 $1,673 
(a)Includes accruals and excludes acquisitions.
(b)Includes a nonrecurring Eagle Ford severance tax refund of $47 million related to prior years.
(c)Unrealized loss on commodity derivative instruments (See Note 12).
(d)Includes $10 million of dry well expense associated with wells in Permian (See Note 9) and $11 million of unproved impairments related to Permian exploration leases.
Nine Months Ended September 30, 2022
(In millions)U.S.Int’lNot Allocated to SegmentsTotal
Revenue from contracts with customers$5,730 $207 $— $5,937 
Net loss on commodity derivatives(125)— (4)
(b)
(129)
Income from equity method investments— 469 — 

469 
Net gain on disposal of assets— — 1 1 
Other income10 5 10 25 
Less costs and expenses:
Production464 45 — 509 
Shipping, handling and other operating508 15 52 575 
Exploration30 — 62 
(c)
92 
Depreciation, depletion and amortization1,260 45 14 1,319 
Impairments— — 4 4 
Taxes other than income374 — 7 381 
General and administrative94 10 116 220 
Net interest and other— — 128 
(d)
128 
Other net periodic benefit credit— — (14)

(14)
Income tax provision (benefit)655 110 (763)
(e)
2 
Segment income$2,230 $456 $401 $3,087 
Total assets$15,487 $1,294 $1,077 $17,858 
Capital expenditures(a)
$1,124 $1 $11 $1,136 
(a)Includes accruals and excludes acquisitions.
(b)Unrealized loss on commodity derivative instruments (See Note 12).
(c)Includes dry well costs and unproved property impairments of $48 million for Louisiana exploration leases and $14 million for Permian exploration leases.
(d)Includes a $17 million gain on 2025 interest rate swaps (See Note 12).
(e)Includes a $685 million benefit related to the partial release of our valuation allowance (See Note 6).