Segment Information (Tables)

3 Months Ended

Mar. 31, 2024


	Three Months Ended March 31, 2024
(In millions)	U.S.		Int’l		Not Allocated to Segments			Total
Revenues from contracts with customers	$	1,422	$	116	$	—		$	1,538
Net loss on commodity derivatives	—		—		(24)		(b)	(24)
Income from equity method investments	—		39		—			39

Other income (expense)	(4)		1		1			(2)
Less costs and expenses:
Production	201		20		—			221
Shipping, handling and other operating, including related party	149		17		3			169
Exploration	7		—		—			7
Depreciation, depletion and amortization	500		10		14			524

Taxes other than income	96		—		—			96
General and administrative	38		3		45			86
Net interest and other	—		—		69			69
Other net periodic benefit costs	—		—		(3)			(3)

Income tax provision (benefit)	93		24		(32)			85
Segment income (loss)	$	334	$	82	$	(119)		$	297
Total assets	$	18,629	$	918	$	121		$	19,668
Capital expenditures(a)	$	598	$	1	$	4		$	603

(a)Includes accruals and excludes acquisitions.

(b)Unrealized loss on commodity derivative instruments (See Note 8).


	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, including related party	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 8).

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