Revenue

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Revenue

6.  Revenue

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

	Exploration and Production										Midstream		Eliminations		Total
	United States		Guyana		Malaysia and JDA		Other (a)		E&P Total
Three Months Ended June 30, 2023
Sales of net production volumes:
Crude oil revenue	$	710	$	787	$	24	$	—	$	1,521	$	—	$	—	$	1,521
Natural gas liquids revenue	112		—		—		—		112		—		—		112
Natural gas revenue	38		—		182		—		220		—		—		220
Sales of purchased oil and gas	469		15		—		—		484		—		—		484
Intercompany revenue	—		—		—		—		—		322		(322)		—
Total sales (b)	1,329		802		206		—		2,337		322		(322)		2,337
Other operating revenues (c)	(30)		(20)		—		—		(50)		2		—		(48)
Total sales and other operating revenues	$	1,299	$	782	$	206	$	—	$	2,287	$	324	$	(322)	$	2,289
Three Months Ended June 30, 2022
Sales of net production volumes:
Crude oil revenue	$	895	$	681	$	37	$	170	$	1,783	$	—	$	—	$	1,783
Natural gas liquids revenue	173		—		—		—		173		—		—		173
Natural gas revenue	126		—		215		5		346		—		—		346
Sales of purchased oil and gas	761		18		—		36		815		—		—		815
Intercompany revenue	—		—		—		—		—		314		(314)		—
Total sales (b)	1,955		699		252		211		3,117		314		(314)		3,117
Other operating revenues (c)	(95)		(52)		—		(15)		(162)		—		—		(162)
Total sales and other operating revenues	$	1,860	$	647	$	252	$	196	$	2,955	$	314	$	(314)	$	2,955
Six Months Ended June 30, 2023
Sales of net production volumes:
Crude oil revenue	$	1,379	$	1,612	$	53	$	—	$	3,044	$	—	$	—	$	3,044
Natural gas liquids revenue	253		—		—		—		253		—		—		253
Natural gas revenue	92		—		362		—		454		—		—		454
Sales of purchased oil and gas	996		32		—		—		1,028		—		—		1,028
Intercompany revenue	—		—		—		—		—		625		(625)		—
Total sales (b)	2,720		1,644		415		—		4,779		625		(625)		4,779
Other operating revenues (c)	(56)		(27)		—		—		(83)		4		—		(79)
Total sales and other operating revenues	$	2,664	$	1,617	$	415	$	—	$	4,696	$	629	$	(625)	$	4,700
Six Months Ended June 30, 2022
Sales of net production volumes:
Crude oil revenue	$	1,731	$	907	$	68	$	316	$	3,022	$	—	$	—	$	3,022
Natural gas liquids revenue	354		—		—		—		354		—		—		354
Natural gas revenue	211		—		405		10		626		—		—		626
Sales of purchased oil and gas	1,421		22		—		71		1,514		—		—		1,514
Intercompany revenue	—		—		—		—		—		626		(626)		—
Total sales (b)	3,717		929		473		397		5,516		626		(626)		5,516
Other operating revenues (c)	(153)		(67)		—		(28)		(248)		—		—		(248)
Total sales and other operating revenues	$	3,564	$	862	$	473	$	369	$	5,268	$	626	$	(626)	$	5,268

(a)Other includes our interest in the Waha Concession in Libya, which was sold in November 2022.

(b)Guyana crude oil revenue includes $88 million and $196 million of revenue from non-customers for the three and six months ended June 30, 2023, respectively. There was no revenue from non-customers for the three and six months ended June 30, 2022.

(c)Other operating revenues are not a component of revenues from contracts with customers, and primarily 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, 2023.  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, 2023, contract liabilities of $27 million (December 31, 2022: $24 million) were primarily due to 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, 2023 and December 31, 2022, there were no contract assets.