Revenue (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Summary of Revenue from Contracts with Customers on a Disaggregated Basis

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.