Revenue (Tables)

12 Months Ended

Dec. 31, 2024

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
2024
Sales of net production volumes:
Crude oil revenue	$	3,205	$	5,525	$	139	$	—	$	8,869	$	—	$	—	$	8,869
Natural gas liquids revenue	613		—		—		—		613		—		—		613
Natural gas revenue	146		—		811		—		957		—		—		957
Sales of purchased oil and gas	2,275		111		—		—		2,386		—		—		2,386
Third-party services	—		—		—		—		—		24		—		24
Intercompany revenue	—		—		—		—		—		1,468		(1,468)		—
Total sales (b)	6,239		5,636		950		—		12,825		1,492		(1,468)		12,849
Other operating revenues (c)	44		—		—		—		44		3		—		47
Total sales and other operating revenues	$	6,283	$	5,636	$	950	$	—	$	12,869	$	1,495	$	(1,468)	$	12,896
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

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

(b)Guyana crude oil revenue includes $842 million of revenue from non-customers in 2024 (2023: $433 million; 2022: $230 million).

(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 nil in 2024 (2023: $(190) million; 2022: $(585) million).