Revenue (Tables)

12 Months Ended

Dec. 31, 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
2023
Sales of net production volumes:
Crude oil revenue	$	3,058	$	3,486	$	144	$	—	$	6,688	$	—	$	—	$	6,688
Natural gas liquids revenue	529		—		—		—		529		—		—		529
Natural gas revenue	182		—		800		—		982		—		—		982
Sales of purchased oil and gas	2,390		70		—		—		2,460		—		—		2,460
Third-party services	—		—		—		—		—		8		—		8
Intercompany revenue	—		—		—		—		—		1,338		(1,338)		—
Total sales (b)	6,159		3,556		944		—		10,659		1,346		(1,338)		10,667
Other operating revenues (c)	(78)		(62)		(19)		—		(159)		3		—		(156)
Total sales and other operating revenues	$	6,081	$	3,494	$	925	$	—	$	10,500	$	1,349	$	(1,338)	$	10,511
2022
Sales of net production volumes:
Crude oil revenue	$	3,407	$	2,771	$	134	$	509	$	6,821	$	—	$	—	$	6,821
Natural gas liquids revenue	703		—		—		—		703		—		—		703
Natural gas revenue	438		—		739		21		1,198		—		—		1,198
Sales of purchased oil and gas	2,978		53		—		112		3,143		—		—		3,143
Intercompany revenue	—		—		—		—		—		1,273		(1,273)		—
Total sales (b)	7,526		2,824		873		642		11,865		1,273		(1,273)		11,865
Other operating revenues (c)	(312)		(188)		—		(41)		(541)		—		—		(541)
Total sales and other operating revenues	$	7,214	$	2,636	$	873	$	601	$	11,324	$	1,273	$	(1,273)	$	11,324
2021
Sales of net production volumes:
Crude oil revenue	$	2,958	$	765	$	83	$	519	$	4,325	$	—	$	—	$	4,325
Natural gas liquids revenue	594		—		—		—		594		—		—		594
Natural gas revenue	350		—		655		10		1,015		—		—		1,015
Sales of purchased oil and gas	1,638		16		—		95		1,749		—		—		1,749
Intercompany revenue	—		—		—		—		—		1,204		(1,204)		—
Total sales (b)	5,540		781		738		624		7,683		1,204		(1,204)		7,683
Other operating revenues (c)	(162)		(27)		—		(21)		(210)		—		—		(210)
Total sales and other operating revenues	$	5,378	$	754	$	738	$	603	$	7,473	$	1,204	$	(1,204)	$	7,473

(a)Other includes our interest in the Waha Concession in Libya, which was sold in November 2022, and our interests in Denmark, which were sold in August 2021.

(b)Guyana crude oil revenue includes $433 million of revenue from non-customers in 2023 (2022: $230 million). There was no sales revenue from non-customers in 2021.

(c)Other operating revenues are not a component of revenues from contracts with customers. Included within other operating revenues are gains (losses) on commodity derivatives of $(190) million in 2023, $(585) million in 2022, and $(243) million in 2021.