XML 24 R14.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue
7.  Revenue
Revenue from contracts with customers on a disaggregated basis was as follows (in millions):
 Exploration and ProductionMidstreamEliminationsTotal
 United StatesGuyanaMalaysia and JDAOther (a)E&P Total   
Three Months Ended June 30, 2022        
Sales of our net production volumes:        
Crude oil revenue$895 $681 $37 $170 $1,783 $— $— $1,783 
Natural gas liquids revenue173 — — — 173 — — 173 
Natural gas revenue126 — 215 346 — — 346 
Sales of purchased oil and gas761 18 — 36 815 — — 815 
Intercompany revenue— — — — — 314 (314)— 
Total revenues from contracts with customers1,955 699 252 211 3,117 314 (314)3,117 
Other operating revenues (b)(95)(52)— (15)(162)— — (162)
Total sales and other operating revenues$1,860 $647 $252 $196 $2,955 $314 $(314)$2,955 
Three Months Ended June 30, 2021        
Sales of our net production volumes:        
Crude oil revenue$661 $134 $27 $135 $957 $— $— $957 
Natural gas liquids revenue120 — — — 120 — — 120 
Natural gas revenue61 — 178 240 — — 240 
Sales of purchased oil and gas299 — 26 329 — — 329 
Intercompany revenue— — — — — 294 (294)— 
Total revenues from contracts with customers1,141 138 205 162 1,646 294 (294)1,646 
Other operating revenues (b)(53)(6)— (8)(67)— — (67)
Total sales and other operating revenues$1,088 $132 $205 $154 $1,579 $294 $(294)$1,579 
Six Months Ended June 30, 2022
Sales of our net production volumes:
Crude oil revenue$1,731 $907 $68 $316 $3,022 $— $— $3,022 
Natural gas liquids revenue354 — — — 354 — — 354 
Natural gas revenue211 — 405 10 626 — — 626 
Sales of purchased oil and gas1,421 22 — 71 1,514 — — 1,514 
Intercompany revenue— — — — — 626 (626)— 
Total revenues from contracts with customers3,717 929 473 397 5,516 626 (626)5,516 
Other operating revenues (b)(153)(67)— (28)(248)— — (248)
Total sales and other operating revenues$3,564 $862 $473 $369 $5,268 $626 $(626)$5,268 
Six Months Ended June 30, 2021
Sales of our net production volumes:
Crude oil revenue$1,546 $315 $49 $251 $2,161 $— $— $2,161 
Natural gas liquids revenue263 — — — 263 — — 263 
Natural gas revenue174 — 341 519 — — 519 
Sales of purchased oil and gas597 — 45 650 — — 650 
Intercompany revenue— — — — — 583 (583)— 
Total revenues from contracts with customers2,580 323 390 300 3,593 583 (583)3,593 
Other operating revenues (b)(94)(10)— (12)(116)— — (116)
Total sales and other operating revenues$2,486 $313 $390 $288 $3,477 $583 $(583)$3,477 
(a)Other includes Libya and our interests in Denmark, which were sold in the third quarter of 2021.
(b)Includes gains (losses) on commodity derivatives.
There have been no significant changes to contracts with customers or the composition thereof during the six months ended
June 30, 2022.  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. At June 30, 2022, contract liabilities of $24 million (December 31, 2021: $24 million) resulted from a take-or-pay deficiency payment received in the fourth quarter of 2021 that is subject to a make-up period expiring in December 2023. At June 30, 2022 and December 31, 2021, there were no contract assets.