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Revenue
9 Months Ended
Sep. 30, 2019
Revenue From Contract With Customer [Abstract]  
Revenue

4.  Revenue

Revenue from contracts with customers on a disaggregated basis was as follows:

 

 

Exploration and Production

 

 

Midstream

 

 

Eliminations

 

 

Total

 

 

 

United States

 

 

Denmark

 

 

Libya

 

 

Malaysia & JDA

 

 

E&P Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Three Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

749

 

 

$

31

 

 

$

122

 

 

$

22

 

 

$

924

 

 

$

 

 

$

 

 

$

924

 

Natural gas liquids revenue

 

 

46

 

 

 

 

 

 

 

 

 

 

 

 

46

 

 

 

 

 

 

 

 

 

46

 

Natural gas revenue

 

 

34

 

 

 

2

 

 

 

5

 

 

 

160

 

 

 

201

 

 

 

 

 

 

 

 

 

201

 

Sales of purchased oil and gas

 

 

381

 

 

 

 

 

 

23

 

 

 

3

 

 

 

407

 

 

 

 

 

 

 

 

 

407

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

215

 

 

 

(215

)

 

 

 

Total revenues from contracts with customers

 

 

1,210

 

 

 

33

 

 

 

150

 

 

 

185

 

 

 

1,578

 

 

 

215

 

 

 

(215

)

 

 

1,578

 

Other operating revenues (a)

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

 

 

2

 

Total sales and other operating revenues

 

$

1,212

 

 

$

33

 

 

$

150

 

 

$

185

 

 

$

1,580

 

 

$

215

 

 

$

(215

)

 

$

1,580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2018

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

826

 

 

$

54

 

 

$

108

 

 

$

29

 

 

$

1,017

 

 

$

 

 

$

 

 

$

1,017

 

Natural gas liquids revenue

 

 

90

 

 

 

 

 

 

 

 

 

 

 

 

90

 

 

 

 

 

 

 

 

 

90

 

Natural gas revenue

 

 

44

 

 

 

3

 

 

 

5

 

 

 

178

 

 

 

230

 

 

 

 

 

 

 

 

 

230

 

Sales of purchased oil and gas

 

 

482

 

 

 

 

 

 

22

 

 

 

 

 

 

504

 

 

 

 

 

 

 

 

 

504

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

184

 

 

 

(184

)

 

 

 

Total revenues from contracts with customers

 

 

1,442

 

 

 

57

 

 

 

135

 

 

 

207

 

 

 

1,841

 

 

 

184

 

 

 

(184

)

 

 

1,841

 

Other operating revenues (a)

 

 

(48

)

 

 

 

 

 

 

 

 

 

 

 

(48

)

 

 

 

 

 

 

 

 

(48

)

Total sales and other operating revenues

 

$

1,394

 

 

$

57

 

 

$

135

 

 

$

207

 

 

$

1,793

 

 

$

184

 

 

$

(184

)

 

$

1,793

 

(a)

Includes gains (losses) on commodity derivatives.

 

 

 

Exploration and Production

 

 

Midstream

 

 

Eliminations

 

 

Total

 

 

 

United States

 

 

Denmark

 

 

Libya

 

 

Malaysia & JDA

 

 

E&P Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

Nine Months Ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

2,193

 

 

$

98

 

 

$

343

 

 

$

67

 

 

$

2,701

 

 

$

 

 

$

 

 

$

2,701

 

Natural gas liquids revenue

 

 

162

 

 

 

 

 

 

 

 

 

 

 

 

162

 

 

 

 

 

 

 

 

 

162

 

Natural gas revenue

 

 

109

 

 

 

7

 

 

 

17

 

 

 

494

 

 

 

627

 

 

 

 

 

 

 

 

 

627

 

Sales of purchased oil and gas

 

 

1,246

 

 

 

 

 

 

67

 

 

 

3

 

 

 

1,316

 

 

 

 

 

 

 

 

 

1,316

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

595

 

 

 

(595

)

 

 

 

Total revenues from contracts with customers

 

 

3,710

 

 

 

105

 

 

 

427

 

 

 

564

 

 

 

4,806

 

 

 

595

 

 

 

(595

)

 

 

4,806

 

Other operating revenues (a)

 

 

6

 

 

 

 

 

 

 

 

 

 

 

 

6

 

 

 

 

 

 

 

 

 

6

 

Total sales and other operating revenues

 

$

3,716

 

 

$

105

 

 

$

427

 

 

$

564

 

 

$

4,812

 

 

$

595

 

 

$

(595

)

 

$

4,812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2018

 

 

 

Sales of our net production volumes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Crude oil revenue

 

$

2,111

 

 

$

106

 

 

$

317

 

 

$

100

 

 

$

2,634

 

 

$

 

 

$

 

 

$

2,634

 

Natural gas liquids revenue

 

 

236

 

 

 

 

 

 

 

 

 

 

 

 

236

 

 

 

 

 

 

 

 

 

236

 

Natural gas revenue

 

 

120

 

 

 

8

 

 

 

20

 

 

 

471

 

 

 

619

 

 

 

 

 

 

 

 

 

619

 

Sales of purchased oil and gas

 

 

1,231

 

 

 

 

 

 

68

 

 

 

14

 

 

 

1,313

 

 

 

 

 

 

 

 

 

1,313

 

Intercompany revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

527

 

 

 

(527

)

 

 

 

Total revenues from contracts with customers

 

 

3,698

 

 

 

114

 

 

 

405

 

 

 

585

 

 

 

4,802

 

 

 

527

 

 

 

(527

)

 

 

4,802

 

Other operating revenues (a)

 

 

(129

)

 

 

 

 

 

 

 

 

 

 

 

(129

)

 

 

 

 

 

 

 

 

(129

)

Total sales and other operating revenues

 

$

3,569

 

 

$

114

 

 

$

405

 

 

$

585

 

 

$

4,673

 

 

$

527

 

 

$

(527

)

 

$

4,673

 

(a)

Includes gains (losses) on commodity derivatives.

There have been no significant changes to contracts with customers or composition thereof during the nine months ended September 30, 2019.  Generally, we receive payments from customers on a monthly basis, shortly after the physical delivery of the crude oil, natural gas liquids, or natural gas.  We did not recognize any credit losses on receivables with customers during the first nine months of 2019 nor 2018.