Segment Information

3 Months Ended

Mar. 31, 2015

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 in the business of crude oil and natural gas exploration, development, production, and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon, Sierra Leone, and Gabon); Eastern Mediterranean (Israel and Cyprus); and Other International and Corporate. Other International includes the North Sea, China (through June 30, 2014), Falkland Islands, Nicaragua and new ventures. Income (loss) from continuing operations before income taxes for the United States and West Africa includes gains and losses on commodity derivative instruments.

(millions)	Consolidated			United States			West Africa			Eastern Mediterranean		Other Int'l & Corporate
Three Months Ended March 31, 2015
Revenues from Third Parties	$	740		$	478		$	138		$	120	$	4
Income from Equity Method Investees	18			11			7			—		—
Gathering, Marketing and Processing	1			1			—			—		—
Total Revenues	759			490			145			120		4
DD&A	454			357			77			15		5
Asset Impairments	27			3			—			24		—
Gain on Commodity Derivative Instruments	(150		)	(105		)	(45		)	—		—
Income (Loss) Before Income Taxes	(42		)	(1		)	74			51		(166		)
Three Months Ended March 31, 2014
Revenues from Third Parties	$	1,327		$	842		$	323		$	112	$	50
Income from Equity Method Investees	52			—			52			—		—
Total Revenues	1,379			842			375			112		50
DD&A	425			308			76			14		27
Asset Impairments	97			5			—			—		92
Loss on Commodity Derivative Instruments	75			76			(1		)	—		—
Income (Loss) from Before Income Taxes	277			183			261			77		(244		)
March 31, 2015
Total Assets	$	23,261		$	16,998		$	2,732		$	2,840	$	691
December 31, 2014
Total Assets	22,553			16,400			2,763			2,806		584