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Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
We have operations throughout the world and manage our operations by country. The following information is grouped into four components that are all primarily in the business of crude oil and natural gas exploration, development, and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon, Senegal/Guinea-Bissau); Eastern Mediterranean (Israel and Cyprus); and Other International and Corporate. Other International includes China, Ecuador (through May 2011), and new ventures. As of June 30, 2012, our North Sea geographical segment was reclassified to held for sale. See Note 3. Acquisitions and Divestitures.
 
 
Consolidated
 
United
States
 
West
Africa
 
Eastern
Mediterranean
 
Other Int'l &
Corporate
(millions)
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Revenues from Third Parties
$
934

 
$
527

 
$
332

 
$
29

 
$
46

Income from Equity Method Investees
32

 
1

 
31

 
—

 
—

Total Revenues
966

 
528

 
363

 
29

 
46

DD&A
325

 
232

 
62

 
10

 
21

Asset Impairments (1)
73

 
73

 
—

 
—

 
—

Gain on Divestiture
(9
)
 
(9
)
 
—

 
—

 
—

Gain on Commodity Derivative Instruments (2)
(276
)
 
(93
)
 
(183
)
 
—

 
—

Income (Loss) from Continuing Operations Before Income Taxes
390

 
48

 
455

 
5

 
(118
)
Three Months Ended June 30, 2011
 

 
 

 
 

 
 

 
 

Revenues from Third Parties
$
794

 
$
553

 
$
118

 
$
76

 
$
47

Income from Equity Method Investees
48

 
—

 
48

 
—

 
—

Total Revenues
842

 
553

 
166

 
76

 
47

DD&A
211

 
187

 
7

 
7

 
10

Asset Impairments (1)
131

 
131

 
—

 
—

 
—

Gain on Divestiture (3)
(25
)
 
—

 
—

 
—

 
(25
)
Gain on Commodity Derivative Instruments (2)
(143
)
 
(142
)
 
(1
)
 
—

 
—

Income (Loss) from Continuing Operations Before Income Taxes
356

 
250

 
116

 
57

 
(67
)
Six Months Ended June 30, 2012
 
 
 
 
 
 
 
 
 
Revenues from Third Parties
$
1,970

 
$
1,080

 
$
715

 
$
73

 
$
102

Income from Equity Method Investees
86

 
3

 
83

 
—

 
—

Total Revenues
2,056

 
1,083

 
798

 
73

 
102

DD&A
619

 
430

 
135

 
15

 
39

Asset Impairments (1)
73

 
73

 
—

 
—

 
—

Gain on Divestiture
(9
)
 
(9
)
 
—

 
—

 
—

(Gain) on Commodity Derivative Instruments (2)
(180
)
 
(102
)
 
(78
)
 
—

 
—

Income (Loss) from Continuing Operations Before Income Taxes
724

 
241

 
682

 
37

 
(236
)
Six Months Ended June 30, 2011
 

 
 

 
 

 
 

 
 

Revenues from Third Parties
$
1,533

 
$
1,059

 
$
248

 
$
128

 
$
98

Income from Equity Method Investees
96

 
—

 
96

 
—

 
—

Total Revenues
1,629

 
1,059

 
344

 
128

 
98

DD&A
404

 
354

 
17

 
11

 
22

Asset Impairments (1)
137

 
137

 
—

 
—

 
—

Gain on Divestiture (3)
(26
)
 
(1
)
 
—

 
—

 
(25
)
Loss on Commodity Derivative Instruments (2)
143

 
50

 
93

 
—

 
—

Income (Loss) from Continuing Operations Before Income Taxes
325

 
213

 
190

 
96

 
(174
)
June 30, 2012
 

 
 

 
 

 
 

 
 

Goodwill
$
696

 
$
696

 
$
—

 
$
—

 
$
—

Total Assets
16,657

 
11,188

 
2,761

 
2,289

 
419

December 31, 2011
 

 
 

 
 

 
 

 
 

Goodwill
696

 
696

 
—

 
—

 
—

Total Assets
16,106

 
11,201

 
2,728

 
1,751

 
426

(1) See Note 4. Asset Impairments.
(2) See Note 6. Derivative Instruments and Hedging Activities.
(3) Amount relates primarily to the transfer of our Ecuador assets to the Ecuadorian government. See Note 2. Basis of Presentation.