XML 25 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Revenue
3 Months Ended
Mar. 31, 2019
Revenue From Contract With Customer [Abstract]  
Revenue

4.  Revenue

Revenue from contracts with customers on a disaggregated basis was as follows (in $ millions):

 

 

Exploration and Production

 

 

Midstream

 

 

Eliminations

 

 

Total

 

 

 

United States

 

 

Denmark

 

 

Libya

 

 

Malaysia & JDA

 

 

E&P Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

682

 

 

$

16

 

 

$

91

 

 

$

21

 

 

$

810

 

 

$

 

 

$

 

 

$

810

 

Natural gas liquids revenue

 

 

68

 

 

 

 

 

 

 

 

 

 

 

 

68

 

 

 

 

 

 

 

 

 

68

 

Natural gas revenue

 

 

42

 

 

 

3

 

 

 

6

 

 

 

180

 

 

 

231

 

 

 

 

 

 

 

 

 

231

 

Sales of purchased oil and gas

 

 

426

 

 

 

 

 

 

22

 

 

 

 

 

 

448

 

 

 

 

 

 

 

 

 

448

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

190

 

 

 

(190

)

 

 

 

Total revenues from contracts with customers

 

 

1,218

 

 

 

19

 

 

 

119

 

 

 

201

 

 

 

1,557

 

 

 

190

 

 

 

(190

)

 

 

1,557

 

Other operating revenues (a)

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

 

 

 

 

 

 

15

 

Total sales and other operating revenues

 

$

1,233

 

 

$

19

 

 

$

119

 

 

$

201

 

 

$

1,572

 

 

$

190

 

 

$

(190

)

 

$

1,572

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2018

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

593

 

 

$

33

 

 

$

99

 

 

$

43

 

 

$

768

 

 

$

 

 

$

 

 

$

768

 

Natural gas liquids revenue

 

 

71

 

 

 

 

 

 

 

 

 

 

 

 

71

 

 

 

 

 

 

 

 

 

71

 

Natural gas revenue

 

 

39

 

 

 

3

 

 

 

8

 

 

 

128

 

 

 

178

 

 

 

 

 

 

 

 

 

178

 

Sales of purchased oil and gas

 

 

325

 

 

 

 

 

 

24

 

 

 

14

 

 

 

363

 

 

 

 

 

 

 

 

 

363

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

167

 

 

 

(167

)

 

 

 

Total revenues from contracts with customers

 

 

1,028

 

 

 

36

 

 

 

131

 

 

 

185

 

 

 

1,380

 

 

 

167

 

 

 

(167

)

 

 

1,380

 

Other operating revenues (a)

 

 

(34

)

 

 

 

 

 

 

 

 

 

 

 

(34

)

 

 

 

 

 

 

 

 

(34

)

Total sales and other operating revenues

 

$

994

 

 

$

36

 

 

$

131

 

 

$

185

 

 

$

1,346

 

 

$

167

 

 

$

(167

)

 

$

1,346

 

(a)

Includes gains (losses) on commodity derivatives.

There have been no significant changes to contracts with customers or composition thereof during the first quarter of 2019.  Generally, we receive payments from customers on a monthly basis, shortly after the physical delivery of the crude oil, NGLs, or natural gas.  We did not recognize any credit losses on receivables with customers in the first quarter of 2019 or 2018.