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BUSINESS SEGMENT INFORMATION - Financial Segment Information (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Operating Expenses:          
Lease operating expenses [1] $ 369,000,000 $ 352,000,000 $ 695,000,000 $ 666,000,000  
Taxes other than income 46,000,000 47,000,000 96,000,000 97,000,000  
Exploration 28,000,000 37,000,000 70,000,000 81,000,000  
Depreciation, depletion, and amortization 394,000,000 339,000,000 767,000,000 647,000,000  
Asset retirement obligation accretion 34,000,000 29,000,000 74,000,000 57,000,000  
Impairments 0 46,000,000 0 46,000,000  
Total operating expenses 1,049,000,000 1,056,000,000 2,119,000,000 2,089,000,000  
Operating Income (Loss) 844,000,000 688,000,000 1,613,000,000 1,600,000,000  
Other Income (Expense):          
Derivative instrument gains, net 1,000,000 0 1,000,000 0  
Loss on previously sold Gulf of Mexico properties (17,000,000) 0 (83,000,000) 0  
Loss on offshore decommissioning contingency     (83,000,000)    
Gain on divestitures, net 276,000,000 5,000,000 283,000,000 6,000,000  
Other, net 5,000,000 109,000,000 20,000,000 77,000,000  
General and administrative (68,000,000) (66,000,000) (151,000,000) (124,000,000)  
Transaction, reorganization, and separation (5,000,000) (2,000,000) (14,000,000) (6,000,000)  
Financing costs, net (26,000,000) (42,000,000) (59,000,000) (91,000,000)  
NET INCOME BEFORE INCOME TAXES 1,010,000,000 692,000,000 1,610,000,000 1,462,000,000  
Total Assets 17,285,000,000 14,572,000,000 17,285,000,000 14,572,000,000 $ 16,944,000,000
Operating Segments          
Other Income (Expense):          
Impairments of oil and gas properties 0        
Operating Segments | U.S.          
Operating Expenses:          
Lease operating expenses 129,000,000 132,000,000 257,000,000 272,000,000  
Taxes other than income 46,000,000 47,000,000 96,000,000 97,000,000  
Exploration 1,000,000 3,000,000 12,000,000 6,000,000  
Depreciation, depletion, and amortization 167,000,000 152,000,000 324,000,000 279,000,000  
Asset retirement obligation accretion 8,000,000 10,000,000 23,000,000 20,000,000  
Impairments   0   0  
Total operating expenses 506,000,000 532,000,000 1,086,000,000 1,133,000,000  
Operating Income (Loss) 374,000,000 226,000,000 661,000,000 496,000,000  
Other Income (Expense):          
Total Assets 11,701,000,000 9,489,000,000 11,701,000,000 9,489,000,000  
Impairments of oil and gas properties   3,000,000 10,000,000 5,000,000  
Operating Segments | Egypt          
Operating Expenses:          
Lease operating expenses 123,000,000 121,000,000 243,000,000 218,000,000  
Taxes other than income 0 0 0 0  
Exploration 25,000,000 30,000,000 56,000,000 66,000,000  
Depreciation, depletion, and amortization 152,000,000 126,000,000 297,000,000 249,000,000  
Asset retirement obligation accretion 0 0 0 0  
Impairments   0   0  
Total operating expenses 307,000,000 283,000,000 609,000,000 546,000,000  
Operating Income (Loss) 439,000,000 425,000,000 871,000,000 884,000,000  
Other Income (Expense):          
Total Assets 3,740,000,000 3,365,000,000 3,740,000,000 3,365,000,000  
Operating Segments | North Sea          
Operating Expenses:          
Lease operating expenses 117,000,000 99,000,000 195,000,000 176,000,000  
Taxes other than income 0 0 0 0  
Exploration 1,000,000 4,000,000 1,000,000 9,000,000  
Depreciation, depletion, and amortization 75,000,000 61,000,000 146,000,000 119,000,000  
Asset retirement obligation accretion 26,000,000 19,000,000 51,000,000 37,000,000  
Impairments   46,000,000   46,000,000  
Total operating expenses 235,000,000 241,000,000 423,000,000 410,000,000  
Operating Income (Loss) 32,000,000 37,000,000 82,000,000 220,000,000  
Other Income (Expense):          
Total Assets 1,844,000,000 1,719,000,000 1,844,000,000 1,719,000,000  
Impairments of oil and gas properties   3,000,000   6,000,000  
Intersegment Eliminations & Other          
Operating Expenses:          
Lease operating expenses 0 0 0 0  
Taxes other than income 0 0 0 0  
Exploration 1,000,000 0 1,000,000 0  
Depreciation, depletion, and amortization 0 0 0 0  
Asset retirement obligation accretion 0 0 0 0  
Impairments   0   0  
Total operating expenses 1,000,000 0 1,000,000 0  
Operating Income (Loss) (1,000,000) 0 (1,000,000) 0  
Other Income (Expense):          
Total Assets 0 (1,000,000) 0 (1,000,000)  
Oil and gas          
Segment Reporting Information [Line Items]          
Total revenues 1,893,000,000 1,744,000,000 3,732,000,000 3,689,000,000  
Oil and gas | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 880,000,000 758,000,000 1,747,000,000 1,629,000,000  
Oil and gas | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 746,000,000 708,000,000 1,480,000,000 1,430,000,000  
Oil and gas | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 267,000,000 278,000,000 505,000,000 630,000,000  
Oil and gas | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Total revenues [1] 1,663,000,000 1,600,000,000 3,299,000,000 3,306,000,000  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs [1] 83,000,000 75,000,000 159,000,000 148,000,000  
Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 650,000,000 614,000,000 1,314,000,000 1,246,000,000  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 60,000,000 57,000,000 116,000,000 112,000,000  
Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 746,000,000 708,000,000 1,480,000,000 1,430,000,000  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 7,000,000 6,000,000 13,000,000 13,000,000  
Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 267,000,000 278,000,000 505,000,000 630,000,000  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 16,000,000 12,000,000 30,000,000 23,000,000  
Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 0 0 0 0  
Purchased oil and gas          
Segment Reporting Information [Line Items]          
Total revenues [1] 230,000,000 144,000,000 433,000,000 383,000,000  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs [1] 95,000,000 131,000,000 258,000,000 347,000,000  
Purchased oil and gas | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 230,000,000 144,000,000 433,000,000 383,000,000  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 95,000,000 131,000,000 258,000,000 347,000,000  
Purchased oil and gas | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 0 0 0 0  
Purchased oil and gas | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 0 0 0 0  
Purchased oil and gas | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 0 0 0 0  
Oil revenues          
Other Income (Expense):          
Revenue from non-customers 177,000,000 165,000,000 351,000,000 337,000,000  
Oil revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Total revenues 1,436,000,000 1,326,000,000 2,785,000,000 2,676,000,000  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 550,000,000 473,000,000 1,055,000,000 912,000,000  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 673,000,000 618,000,000 1,330,000,000 1,247,000,000  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 213,000,000 235,000,000 400,000,000 517,000,000  
Oil revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Natural gas revenues          
Other Income (Expense):          
Revenue from non-customers 19,000,000 24,000,000 40,000,000 50,000,000  
Natural gas revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Total revenues 127,000,000 175,000,000 297,000,000 413,000,000  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 7,000,000 46,000,000 58,000,000 131,000,000  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 73,000,000 90,000,000 150,000,000 183,000,000  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 47,000,000 39,000,000 89,000,000 99,000,000  
Natural gas revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Natural gas liquids revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Total revenues 100,000,000 99,000,000 217,000,000 217,000,000  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 93,000,000 95,000,000 201,000,000 203,000,000  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 0 0 0 0  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 7,000,000 4,000,000 16,000,000 14,000,000  
Natural gas liquids revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Total revenues $ 0 $ 0 $ 0 $ 0  
[1] For transactions with Kinetik prior to the Company’s sale of its remaining shares of Kinetik Class A Common Stock and the resignation of the Company’s designated director from the Kinetik board of directors, refer to Note 6—Equity Method Interests.