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Revenue
6 Months Ended
Jun. 30, 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 June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

762

 

 

$

51

 

 

$

130

 

 

$

24

 

 

$

967

 

 

$

 

 

$

 

 

$

967

 

Natural gas liquids revenue

 

 

48

 

 

 

 

 

 

 

 

 

 

 

 

48

 

 

 

 

 

 

 

 

 

48

 

Natural gas revenue

 

 

33

 

 

 

2

 

 

 

6

 

 

 

154

 

 

 

195

 

 

 

 

 

 

 

 

 

195

 

Sales of purchased oil and gas

 

 

439

 

 

 

 

 

 

22

 

 

 

 

 

 

461

 

 

 

 

 

 

 

 

 

461

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

190

 

 

 

(190

)

 

 

 

Total revenues from contracts with customers

 

 

1,282

 

 

 

53

 

 

 

158

 

 

 

178

 

 

 

1,671

 

 

 

190

 

 

 

(190

)

 

 

1,671

 

Other operating revenues (a)

 

 

(11

)

 

 

 

 

 

 

 

 

 

 

 

(11

)

 

 

 

 

 

 

 

 

(11

)

Total sales and other operating revenues

 

$

1,271

 

 

$

53

 

 

$

158

 

 

$

178

 

 

$

1,660

 

 

$

190

 

 

$

(190

)

 

$

1,660

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2018

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

692

 

 

$

19

 

 

$

110

 

 

$

28

 

 

$

849

 

 

$

 

 

$

 

 

$

849

 

Natural gas liquids revenue

 

 

75

 

 

 

 

 

 

 

 

 

 

 

 

75

 

 

 

 

 

 

 

 

 

75

 

Natural gas revenue

 

 

37

 

 

 

2

 

 

 

7

 

 

 

165

 

 

 

211

 

 

 

 

 

 

 

 

 

211

 

Sales of purchased oil and gas

 

 

424

 

 

 

 

 

 

22

 

 

 

 

 

 

446

 

 

 

 

 

 

 

 

 

446

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

176

 

 

 

(176

)

 

 

 

Total revenues from contracts with customers

 

 

1,228

 

 

 

21

 

 

 

139

 

 

 

193

 

 

 

1,581

 

 

 

176

 

 

 

(176

)

 

 

1,581

 

Other operating revenues (a)

 

 

(47

)

 

 

 

 

 

 

 

 

 

 

 

(47

)

 

 

 

 

 

 

 

 

(47

)

Total sales and other operating revenues

 

$

1,181

 

 

$

21

 

 

$

139

 

 

$

193

 

 

$

1,534

 

 

$

176

 

 

$

(176

)

 

$

1,534

 

(a)

Includes gains (losses) on commodity derivatives.

 

 

 

Exploration and Production

 

 

Midstream

 

 

Eliminations

 

 

Total

 

 

 

United States

 

 

Denmark

 

 

Libya

 

 

Malaysia & JDA

 

 

E&P Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

1,444

 

 

$

67

 

 

$

221

 

 

$

45

 

 

$

1,777

 

 

$

 

 

$

 

 

$

1,777

 

Natural gas liquids revenue

 

 

116

 

 

 

 

 

 

 

 

 

 

 

 

116

 

 

 

 

 

 

 

 

 

116

 

Natural gas revenue

 

 

75

 

 

 

5

 

 

 

12

 

 

 

334

 

 

 

426

 

 

 

 

 

 

 

 

 

426

 

Sales of purchased oil and gas

 

 

865

 

 

 

 

 

 

44

 

 

 

 

 

 

909

 

 

 

 

 

 

 

 

 

909

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

380

 

 

 

(380

)

 

 

 

Total revenues from contracts with customers

 

 

2,500

 

 

 

72

 

 

 

277

 

 

 

379

 

 

 

3,228

 

 

 

380

 

 

 

(380

)

 

 

3,228

 

Other operating revenues (a)

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

4

 

Total sales and other operating revenues

 

$

2,504

 

 

$

72

 

 

$

277

 

 

$

379

 

 

$

3,232

 

 

$

380

 

 

$

(380

)

 

$

3,232

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2018

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

1,285

 

 

$

52

 

 

$

209

 

 

$

71

 

 

$

1,617

 

 

$

 

 

$

 

 

$

1,617

 

Natural gas liquids revenue

 

 

146

 

 

 

 

 

 

 

 

 

 

 

 

146

 

 

 

 

 

 

 

 

 

146

 

Natural gas revenue

 

 

76

 

 

 

5

 

 

 

15

 

 

 

293

 

 

 

389

 

 

 

 

 

 

 

 

 

389

 

Sales of purchased oil and gas

 

 

749

 

 

 

 

 

 

46

 

 

 

14

 

 

 

809

 

 

 

 

 

 

 

 

 

809

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

343

 

 

 

(343

)

 

 

 

Total revenues from contracts with customers

 

 

2,256

 

 

 

57

 

 

 

270

 

 

 

378

 

 

 

2,961

 

 

 

343

 

 

 

(343

)

 

 

2,961

 

Other operating revenues (a)

 

 

(81

)

 

 

 

 

 

 

 

 

 

 

 

(81

)

 

 

 

 

 

 

 

 

(81

)

Total sales and other operating revenues

 

$

2,175

 

 

$

57

 

 

$

270

 

 

$

378

 

 

$

2,880

 

 

$

343

 

 

$

(343

)

 

$

2,880

 

(a)

Includes gains (losses) on commodity derivatives.

There have been no significant changes to contracts with customers or composition thereof during the six months ended June 30, 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 during the first six months of 2019 nor 2018.