Revenue (Tables)

9 Months Ended

Sep. 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 September 30, 2023
Sales of net production volumes:
Crude oil revenue	$	861	$	896	$	36	$	—	$	1,793	$	—	$	—	$	1,793
Natural gas liquids revenue	133		—		—		—		133		—		—		133
Natural gas revenue	44		—		223		—		267		—		—		267
Sales of purchased oil and gas	640		20		—		—		660		—		—		660
Intercompany revenue	—		—		—		—		—		361		(361)		—
Total sales (b)	1,678		916		259		—		2,853		361		(361)		2,853
Other operating revenues (c)	(27)		(17)		(11)		—		(55)		2		—		(53)
Total sales and other operating revenues	$	1,651	$	899	$	248	$	—	$	2,798	$	363	$	(361)	$	2,800
Three Months Ended September 30, 2022
Sales of net production volumes:
Crude oil revenue	$	895	$	838	$	34	$	97	$	1,864	$	—	$	—	$	1,864
Natural gas liquids revenue	191		—		—		—		191		—		—		191
Natural gas revenue	145		—		150		6		301		—		—		301
Sales of purchased oil and gas	889		20		—		22		931		—		—		931
Intercompany revenue	—		—		—		—		—		335		(335)		—
Total sales (b)	2,120		858		184		125		3,287		335		(335)		3,287
Other operating revenues (c)	(98)		(59)		—		(8)		(165)		—		—		(165)
Total sales and other operating revenues	$	2,022	$	799	$	184	$	117	$	3,122	$	335	$	(335)	$	3,122
Nine Months Ended September 30, 2023
Sales of net production volumes:
Crude oil revenue	$	2,240	$	2,508	$	89	$	—	$	4,837	$	—	$	—	$	4,837
Natural gas liquids revenue	386		—		—		—		386		—		—		386
Natural gas revenue	136		—		585		—		721		—		—		721
Sales of purchased oil and gas	1,636		52		—		—		1,688		—		—		1,688
Intercompany revenue	—		—		—		—		—		986		(986)		—
Total sales (b)	4,398		2,560		674		—		7,632		986		(986)		7,632
Other operating revenues (c)	(83)		(44)		(11)		—		(138)		6		—		(132)
Total sales and other operating revenues	$	4,315	$	2,516	$	663	$	—	$	7,494	$	992	$	(986)	$	7,500
Nine Months Ended September 30, 2022
Sales of net production volumes:
Crude oil revenue	$	2,626	$	1,745	$	102	$	413	$	4,886	$	—	$	—	$	4,886
Natural gas liquids revenue	545		—		—		—		545		—		—		545
Natural gas revenue	356		—		555		16		927		—		—		927
Sales of purchased oil and gas	2,310		42		—		93		2,445		—		—		2,445
Intercompany revenue	—		—		—		—		—		961		(961)		—
Total sales (b)	5,837		1,787		657		522		8,803		961		(961)		8,803
Other operating revenues (c)	(251)		(126)		—		(36)		(413)		—		—		(413)
Total sales and other operating revenues	$	5,586	$	1,661	$	657	$	486	$	8,390	$	961	$	(961)	$	8,390

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

(b)Guyana crude oil revenue includes $112 million and $308 million of revenue from non-customers for the three and nine months ended September 30, 2023, respectively, compared to $56 million for both the three and nine months ended September 30, 2022.

(c)Other operating revenues are not a component of revenues from contracts with customers, and primarily includes gains (losses) on commodity derivatives.