Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2018
Crude Oil Sales	$	744	$	655	$	2	$	87	$	—	$	—	$	—		$	—
NGL Sales	166		166		—		—		—		—		—			—
Natural Gas Sales	226		98		122		6		—		—		—			—
Total Crude Oil, NGL and Natural Gas Sales	1,136		919		124		93		—		—		—			—
Sales of Purchased Oil and Gas	72		26		—		—		—		46		—			—
Income from Equity Method Investees and Other	65		—		—		34		—		31		—			—
Intersegment Revenues	—		—		—		—		—		91		(91		)	—
Total Revenues	1,273		945		124		127		—		168		(91		)	—
Lease Operating Expense	124		114		7		15		—		—		(12		)	—
Production and Ad Valorem Taxes	47		46		—		—		—		1		—			—
Gathering, Transportation and Processing Expense	97		129		—		—		—		28		(60		)	—
Other Royalty Expense	5		5		—		—		—		—		—			—
Total Production Expense	273		294		7		15		—		29		(72		)	—



				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
DD&A	485			414			16			25		1			24			(5		)	10
(Gain) Loss on Divestitures, Net	(193		)	5			—			—		—			(198		)	—			—
Purchased Oil and Gas	76			32			—			—		—			44			—			—
Gain on Asset Retirement Obligation Revisions	(10		)	—			—			—		(10		)	—			—			—
Loss on Commodity Derivative Instruments	155			140			—			15		—			—			—			—
Gain on Investment in Shares of Tamar Petroleum Ltd., Net	(32		)	—			(32		)	—		—			—			—			—
Income (Loss) Before Income Taxes	307			31			143			68		(17		)	268			(16		)	(170		)

Three Months Ended September 30, 2017
Crude Oil Sales	$	553		$	487		$	2		$	64	$	—		$	—		$	—		$	—
NGL Sales	116			116			—			—		—			—			—			—
Natural Gas Sales	238			93			139			6		—			—			—			—
Total Crude Oil, NGL and Natural Gas Sales	907			696			141			70		—			—			—			—
Income from Equity Method Investees and Other	53			—			—			33		—			20			—			—
Intersegment Revenues	—			—			—			—		—			72			(72		)	—
Total Revenues	960			696			141			103		—			92			(72		)	—
Lease Operating Expense	151			118			9			25		—			—			(1		)	—
Production and Ad Valorem Taxes	31			30			—			—		—			1			—			—
Gathering, Transportation and Processing Expense	93			129			—			—		—			20			(56		)	—
Other Royalty Expense	5			5			—			—		—			—			—			—
Total Production Expense	280			282			9			25		—			21			(57		)	—
DD&A	523			442			18			41		1			10			(1		)	12
Gain on Asset Retirement Obligation Revisions	(42		)	—			—			—		(42		)	—			—			—
Loss on Debt Extinguishment	98			—			—			—		—			—			—			98
Loss on Commodity Derivative Instruments	22			16			—			6		—			—			—			—
(Loss) Income Before Income Taxes	(208		)	(115		)	109			24		23			58			(12		)	(295		)

Nine Months Ended September 30, 2018
Crude Oil Sales	$	2,266		$	1,972		$	6		$	288	$	—		$	—		$	—		$	—
NGL Sales	449			449			—			—		—			—			—			—
Natural Gas Sales	694			316			362			16		—			—			—			—
Total Crude Oil, NGL and Natural Gas Sales	3,409			2,737			368			304		—			—			—			—
Sales of Purchased Oil and Gas	191			81			—			—		—			110			—			—
Income from Equity Method Investees and Other	189			—			—			105		—			84			—			—
Intersegment Revenues	—			—			—			—		—			257			(257		)	—
Total Revenues	3,789			2,818			368			409		—			451			(257		)	—



				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
Lease Operating Expense	411			354			19			56			—			—			(18		)	—
Production and Ad Valorem Taxes	151			147			—			—			—			4			—			—
Gathering, Transportation and Processing Expense	292			389			—			—			—			71			(168		)	—
Other Royalty Expense	32			32			—			—			—			—			—			—
Total Production Expense	886			922			19			56			—			75			(186		)	—
DD&A	1,418			1,214			44			77			1			62			(13		)	33
(Gain) Loss on Divestitures, Net	(859		)	20			(376		)	—			—			(503		)	—			—
Asset Impairments	168			168			—			—			—			—			—			—
Purchased Oil and Gas	204			98			—			—			—			106			—			—
Gain on Asset Retirement Obligation Revisions	(21		)	—			—			—			(21		)	—			—			—
Loss on Commodity Derivative Instruments	483			400			—			83			—			—			—			—
Gain on Investment in Shares of Tamar Petroleum Ltd., Net	(6		)	—			(6		)	—			—			—			—			—
Income (Loss) Before Income Taxes	860			(94		)	678			180			(44		)	690			(52		)	(498		)

Nine Months Ended September 30, 2017
Crude Oil Sales	$	1,637		$	1,383		$	5		$	249		$	—		$	—		$	—		$	—
NGL Sales	329			329			—			—			—			—			—			—
Natural Gas Sales	952			534			401			17			—			—			—			—
Total Crude Oil, NGL and Natural Gas Sales	2,918			2,246			406			266			—			—			—			—
Income from Equity Method Investees and Other	137			—			—			84			—			53			—			—
Intersegment Revenues	—			—			—			—			—			198			(198		)	—
Total Revenues	3,055			2,246			406			350			—			251			(198		)	—
Lease Operating Expense	414			332			23			65			—			—			(6		)	—
Production and Ad Valorem Taxes	104			102			—			—			—			2			—			—
Gathering, Transportation and Processing Expense	333			416			—			—			—			53			(136		)	—
Other Royalty Expense	15			15			—			—			—			—			—			—
Total Production Expense	866			865			23			65			—			55			(142		)	—
DD&A	1,554			1,326			58			114			4			20			(2		)	34
Loss on Marcellus Shale Exit Activities	2,326			2,326			—			—			—			—			—			—
Clayton Williams Energy Acquisition Expenses	98			98			—			—			—			—			—			—
Loss on Debt Extinguishment	98			—			—			—			—			—			—			98
Gain on Asset Retirement Obligation Revisions	(42		)	—			—			—			(42		)	—			—			—
Gain on Commodity Derivative Instruments	(145		)	(138		)	—			(7		)	—			—			—			—
(Loss) Income Before Income Taxes	(2,483		)	(2,433		)	316			162			11			165			(47		)	(657		)



			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
September 30, 2018
Goodwill ⁽²⁾	$	1,401	$	1,291	$	—	$	—	$	—	$	110	$	—		$	—
Total Assets ⁽³⁾	22,147		15,440		3,184		1,208		66		2,318		(150		)	81
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 first quarter 2018 Saddle Butte acquisition.