Revenue (Tables)

3 Months Ended

Mar. 31, 2025

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		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.