Segment Information (Tables)

6 Months Ended

Jun. 30, 2018



				Oil and Gas Exploration and Production								Midstream
(millions)	Consolidated			United States		Eastern Mediter- ranean		West Africa		Other Int'l		United States			Intersegment Eliminations and Other ⁽¹⁾			Corporate
Three Months Ended June 30, 2018
Crude Oil Sales	$	749		$	635	$	2	$	112	$	—	$	—		$	—		$	—
NGL Sales	137			137		—		—		—		—			—			—
Natural Gas Sales	214			98		111		5		—		—			—			—
Total Crude Oil, NGL and Natural Gas Sales	1,100			870		113		117		—		—			—			—
Income from Equity Method Investees and Other	64			—		—		36		—		28			—			—
Sales of Purchased Oil and Gas	66			24		—		—		—		42			—			—
Intersegment Revenues	—			—		—		—		—		85			(85		)	—
Total Revenues	1,230			894		113		153		—		155			(85		)	—
Lease Operating Expense	132			114		5		19		—		—			(6		)	—
Production and Ad Valorem Taxes	50			48		—		—		—		2			—			—
Gathering, Transportation and Processing Expense	100			133		—		—		—		22			(55		)	—
Other Royalty Expense	10			10		—		—		—		—			—			—
Total Production Expense	292			305		5		19		—		24			(61		)	—
DD&A	465			394		15		26		—		22			(4		)	12
Loss (Gain) on Divestitures	(78		)	21		10		—		—		(109		)	—			—



Purchased Oil and Gas	71			31			—			—			—			40			—			—
Loss on Commodity Derivative Instruments	249			196			—			53			—			—			—			—
(Loss) Income Before Income Taxes	10			(90		)	62			48			(13		)	175			(18		)	(154		)

Three Months Ended June 30, 2017
Crude Oil Sales	$	557		$	458		$	1		$	98		$	—		$	—		$	—		$	—
NGL Sales	108			108			—			—			—			—			—			—
Natural Gas Sales	352			214			132			6			—			—			—			—
Total Crude Oil, NGL and Natural Gas Sales	1,017			780			133			104			—			—			—			—
Income from Equity Method Investees and Other	42			—			—			25			—			17			—			—
Intersegment Revenues	—			—			—			—			—			69			(69		)	—
Total Revenues	1,059			780			133			129			—			86			(69		)	—
Lease Operating Expense	124			105			6			18			—			—			(5		)	—
Production and Ad Valorem Taxes	32			32			—			—			—			—			—			—
Gathering, Transportation and Processing Expense	121			142			—			—			—			17			(38		)	—
Other Royalty Expense	6			6			—			—			—			—			—			—
Total Production Expense	283			285			6			18			—			17			(43		)	—
DD&A	503			427			19			39			1			5			—			12
Loss on Marcellus Shale Upstream Divestiture	2,322			2,322			—			—			—			—			—			—
Loss on Commodity Derivative Instruments	(57		)	(51		)	—			(6		)	—			—			—			—
(Loss) Income Before Income Taxes	(2,334		)	(2,319		)	106			72			(4		)	58			(13		)	(234		)

Six Months Ended June 30, 2018
Crude Oil Sales	$	1,522		$	1,317		$	4		$	201		$	—		$	—		$	—		$	—
NGL Sales	283			283			—			—			—			—			—			—
Natural Gas Sales	468			218			240			10			—			—			—			—
Total Crude Oil, NGL and Natural Gas Sales	2,273			1,818			244			211			—			—			—			—
Income from Equity Method Investees and Other	124			—			—			71			—			53			—			—
Sales of Purchased Oil and Gas	119			55			—			—			—			64			—			—
Intersegment Revenues	—			—			—			—			—			166			(166		)	—
Total Revenues	2,516			1,873			244			282			—			283			(166		)	—
Lease Operating Expense	287			240			12			41			—			—			(6		)	—
Production and Ad Valorem Taxes	104			101			—			—			—			3			—			—
Gathering, Transportation and Processing Expense	195			260			—			—			—			43			(108		)	—
Other Royalty Expense	27			27			—			—			—			—			—			—
Total Production Expense	613			628			12			41			—			46			(114		)	—
DD&A	933			800			28			52			—			38			(8		)	23
Gain on Divestitures	(666		)	15			(376		)	—			—			(305		)	—			—



Asset Impairments	168			168			—		—			—			—		—			—
Purchased Oil and Gas	128			67			—		—			—			61		—			—
Loss on Commodity Derivative Instruments	328			260			—		68			—			—		—			—
Income (Loss) Before Income Taxes	553			(127		)	535		112			(27		)	428		(40		)	(328		)

Six Months Ended June 30, 2017
Crude Oil Sales	$	1,084		$	897		$	2	$	185		$	—		$	—	$	—		$	—
NGL Sales	213			213			—		—			—			—		—			—
Natural Gas Sales	714			440			263		11			—			—		—			—
Total Crude Oil, NGL and Natural Gas Sales	2,011			1,550			265		196			—			—		—			—
Income from Equity Method Investees and Other	84			—			—		52			—			32		—			—
Intersegment Revenues	—			—			—		—			—			127		(127		)	—
Total Revenues	2,095			1,550			265		248			—			159		(127		)	—
Lease Operating Expense	263			211			14		40			—			—		(2		)	—
Production and Ad Valorem Taxes	73			72			—		—			—			1		—			—
Gathering, Transportation and Processing Expense	240			280			—		—			—			32		(72		)	—
Other Royalty Expense	10			10			—		—			—			—		—			—
Total Production Expense	586			573			14		40			—			33		(74		)	—
DD&A	1,031			886			37		74			2			10		—			22
Loss on Marcellus Shale Upstream Divestiture	2,322			2,322			—		—			—			—		—			—
Gain on Commodity Derivative Instruments	(167		)	(154		)	—		(13		)	—			—		—			—
Income (Loss) Before Income Taxes	(2,275		)	(2,251		)	207		138			(11		)	107		(35		)	(430		)

June 30, 2018
Goodwill ⁽²⁾	$	1,402		$	1,291		$	—	$	—		$	—		$	111	$	—		$	—
Total Assets	21,854			15,138			2,996		1,275			62			2,280		(140		)	243
December 31, 2017
Goodwill ⁽²⁾	1,310			1,310			—		—			—			—		—			—
Total Assets	21,476			15,767			2,846		1,308			114			1,357		(163		)	247

⁽¹⁾ The intersegment eliminations related to income (loss) before income taxes are the result of midstream expenditures. These costs are presented as property, plant and equipment within the E&P business on an unconsolidated basis, in accordance with the successful efforts method of accounting, and are eliminated upon consolidation.

⁽²⁾ Goodwill in the United States reportable segment is associated with our Texas reporting unit. Goodwill in the Midstream segment is associated with the Saddle Butte acquisition.