Revenue

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

7.  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		E&P Total
Three Months Ended March 31, 2025
Sales of net production volumes:
Crude oil revenue	$	745	$	1,149	$	4	$	1,898	$	—	$	—	$	1,898
Natural gas liquids revenue	171		—		—		171		—		—		171
Natural gas revenue	73		—		182		255		—		—		255
Sales of purchased oil and gas	556		24		—		580		—		—		580
Third-party services	—		—		—		—		7		—		7
Intercompany revenue	—		—		—		—		374		(374)		—
Total sales (a)	1,545		1,173		186		2,904		381		(374)		2,911
Other operating revenues (b)	—		—		—		—		1		—		1
Total sales and other operating revenues	$	1,545	$	1,173	$	186	$	2,904	$	382	$	(374)	$	2,912
Three Months Ended March 31, 2024
Sales of net production volumes:
Crude oil revenue	$	789	$	1,510	$	29	$	2,328	$	—	$	—	$	2,328
Natural gas liquids revenue	153		—		—		153		—		—		153
Natural gas revenue	48		—		211		259		—		—		259
Sales of purchased oil and gas	533		30		—		563		—		—		563
Third-party services	—		—		—		—		5		—		5
Intercompany revenue	—		—		—		—		350		(350)		—
Total sales (a)	1,523		1,540		240		3,303		355		(350)		3,308
Other operating revenues (b)	—		—		—		—		1		—		1
Total sales and other operating revenues	$	1,523	$	1,540	$	240	$	3,303	$	356	$	(350)	$	3,309

(a)Guyana crude oil revenue includes $133 million of revenue from non-customers for the three months ended March 31, 2025 (2024 Q1: $252 million).

(b)Other operating revenues are not a component of revenues from contracts with customers.

There have been no significant changes to contracts with customers or the composition thereof during the three months ended March 31, 2025.  At March 31, 2025 and December 31, 2024, there were no contract assets or liabilities.