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BUSINESS SEGMENT INFORMATION - Financial Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Operating Expenses:          
Lease operating expenses [1] $ 321 $ 381 $ 1,016 $ 1,047  
Taxes other than income 41 56 137 153  
Exploration 25 39 95 120  
Depreciation, depletion, and amortization 418 377 1,185 1,024  
Asset retirement obligation accretion 33 29 107 86  
Impairments 1,111 0 1,111 46  
Total operating expenses 2,280 1,176 4,399 3,265  
Operating Income (Loss) (302) 1,036 1,311 2,636  
Other Income (Expense):          
Derivative instrument gains, net 0 0 1 0  
Loss on offshore decommissioning contingency     (83)    
Gain on divestitures, net 1 1 284 7  
Other, net 20 7 40 84  
General and administrative (78) (132) (229) (256)  
Transaction, reorganization, and separation (3) (5) (17) (11)  
Financing costs, net (20) (40) (79) (131)  
NET INCOME (LOSS) BEFORE INCOME TAXES (382) 867 1,228 2,329  
Total Assets 16,936 14,799 16,936 14,799 $ 16,944
Operating Segments | U.S.          
Operating Expenses:          
Lease operating expenses 125 151 382 423  
Taxes other than income 41 56 137 153  
Exploration 4 4 16 10  
Depreciation, depletion, and amortization 178 158 502 437  
Asset retirement obligation accretion 7 9 30 29  
Impairments 315   315 0  
Total operating expenses 988 644 2,074 1,777  
Operating Income (Loss) 99 344 760 840  
Other Income (Expense):          
Total Assets 11,973 9,616 11,973 9,616  
Impairments of oil and gas properties   2 10 7  
Operating Segments | Egypt          
Operating Expenses:          
Lease operating expenses 109 128 352 346  
Taxes other than income 0 0 0 0  
Exploration 21 25 77 91  
Depreciation, depletion, and amortization 167 129 464 378  
Asset retirement obligation accretion 0 0 0 0  
Impairments 0   0 0  
Total operating expenses 303 295 912 841  
Operating Income (Loss) 451 510 1,322 1,394  
Other Income (Expense):          
Total Assets 3,525 3,518 3,525 3,518  
Operating Segments | North Sea          
Operating Expenses:          
Lease operating expenses 87 102 282 278  
Taxes other than income 0 0 0 0  
Exploration 0 9 1 18  
Depreciation, depletion, and amortization 73 90 219 209  
Asset retirement obligation accretion 26 20 77 57  
Impairments 796   796 46  
Total operating expenses 989 236 1,412 646  
Operating Income (Loss) (852) 183 (770) 403  
Other Income (Expense):          
Total Assets 1,439 1,665 1,439 1,665  
Impairments of oil and gas properties   6   12  
Intersegment Eliminations & Other          
Operating Expenses:          
Lease operating expenses 0 0 0 0  
Taxes other than income 0 0 0 0  
Exploration 0 1 1 1  
Depreciation, depletion, and amortization 0 0 0 0  
Asset retirement obligation accretion 0 0 0 0  
Impairments 0   0 0  
Total operating expenses 0 1 1 1  
Operating Income (Loss) 0 (1) (1) (1)  
Other Income (Expense):          
Total Assets (1) 0 (1) 0  
Oil and gas          
Segment Reporting Information [Line Items]          
Total revenues 1,978 2,212 5,710 5,901  
Oil and gas | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 1,087 988 2,834 2,617  
Oil and gas | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 754 805 2,234 2,235  
Oil and gas | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 137 419 642 1,049  
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] 1,544 1,983 4,843 5,289  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs [1] 78 83 237 231  
Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 653 759 1,967 2,005  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 65 55 181 167  
Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 754 805 2,234 2,235  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 6 13 19 26  
Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 137 419 642 1,049  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 7 15 37 38  
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] 434 229 867 612  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs [1] 253 211 511 558  
Purchased oil and gas | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 434 229 867 612  
Operating Expenses:          
Gathering, processing, and transmission/Purchased oil and gas costs 253 211 511 558  
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 182 202 533 539  
Oil revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Total revenues 1,345 1,629 4,130 4,305  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 555 557 1,610 1,469  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 673 724 2,003 1,971  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 117 348 517 865  
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 22 23 63 73  
Natural gas revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Total revenues 99 230 396 643  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 3 83 61 214  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 81 81 231 264  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 15 66 104 165  
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 100 124 317 341  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 95 119 296 322  
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 5 5 21 19  
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.