Segment Information

3 Months Ended

Mar. 31, 2019

Note 3. Segment Information

We have the following reportable segments: United States (US onshore and Gulf of Mexico (until April 2018)); Eastern Mediterranean (Israel and Cyprus); West Africa (Equatorial Guinea, Cameroon and Gabon); Other International (Canada and New Ventures, including Colombia); and Midstream. The Midstream segment includes the consolidated accounts of Noble Midstream Partners and other US onshore midstream assets.

The geographical reportable segments are in the business of crude oil and natural gas acquisition and exploration, development, and production (Oil and Gas Exploration and Production). The Midstream reportable segment develops, owns, and operates domestic midstream infrastructure assets, as well as invests in other midstream projects. The chief operating decision maker analyzes income before income taxes to assess the performance of Noble Energy's reportable segments as management believes this measure provides useful information in assessing our operating and financial performance across periods.

Corporate level expenses include debt, headquarters depreciation, corporate general and administrative expenses, exit costs and certain costs associated with mitigating the effects of our retained Marcellus Shale firm transportation agreements.



			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 March 31, 2019
Crude Oil Sales	$	612	$	545	$	1	$	66	$	—	$	—	$	—		$	—
NGL Sales	96		96		—		—		—		—		—			—
Natural Gas Sales	229		108		117		4		—		—		—			—
Total Crude Oil, NGL and Natural Gas Sales	937		749		118		70		—		—		—			—
Sales of Purchased Oil and Gas	74		14		—		—		—		33		—			27
Income from Equity Method Investees	17		—		—		15		—		2		—			—
Midstream Services Revenues – Third Party	24		—		—		—		—		24		—			—
Intersegment Revenues	—		—		—		—		—		106		(106		)	—
Total Revenues	1,052		763		118		85		—		165		(106		)	27
Lease Operating Expense	151		125		10		24		—		1		(9		)	—
Production and Ad Valorem Taxes	49		47		—		—		—		2		—			—
Gathering, Transportation and Processing Expense	102		142		—		—		—		29		(69		)	—
Other Royalty Expense	3		3		—		—		—		—		—			—
Total Production Expense	305		317		10		24		—		32		(78		)	—
Depreciation, Depletion and Amortization	508		439		16		20		—		25		(7		)	15



				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
Cost of Purchased Oil and Gas	87			14			—			—		—			31			—			42
Firm Transportation Exit Cost	92			—			—			—		—			—			—			92
Loss on Commodity Derivative Instruments	212			188			—			24		—			—			—			—
(Loss) Income Before Income Taxes	(373		)	(247		)	84			11		(16		)	73			(14		)	(264		)
Additions to Long-Lived Assets, Excluding Acquisitions	712			511			132			5		10			66			(23		)	11
Investments in Equity Method Investees	271			—			—			—		—			271			—			—
Three Months Ended March 31, 2018
Crude Oil Sales	$	773		$	682		$	2		$	89	$	—		$	—		$	—		$	—
NGL Sales	146			146			—			—		—			—			—			—
Natural Gas Sales	254			120			129			5		—			—			—			—
Total Crude Oil, NGL and Natural Gas Sales	1,173			948			131			94		—			—			—			—
Sales of Purchased Oil and Gas	53			—			—			—		—			22			—			31
Income from Equity Method Investees	47			—			—			35		—			12			—			—
Midstream Services Revenues – Third Party	13			—			—			—		—			13			—			—
Intersegment Revenues	—			—			—			—		—			81			(81		)	—
Total Revenues	1,286			948			131			129		—			128			(81		)	31
Lease Operating Expense	155			126			7			22		—			—			—			—
Production and Ad Valorem Taxes	54			53			—			—		—			1			—			—
Gathering, Transportation and Processing Expense	93			128			—			—		—			20			(53		)	—
Other Royalty Expense	17			17			—			—		—			—			—			—
Total Production Expense	319			324			7			22		—			21			(53		)	—
Depreciation, Depletion and Amortization	468			404			13			26		—			17			(3		)	11
Gain on Divestitures, Net	(588		)	(6		)	(386		)	—		—			(196		)	—			—
Asset Impairments	168			168			—			—		—			—			—			—
Cost of Purchased Oil and Gas	57			—			—			—		—			21			—			36
Loss on Commodity Derivative Instruments	79			64			—			15		—			—			—			—
Income (Loss) Before Income Taxes	543			(43		)	473			64		(9		)	247			(15		)	(174		)
Additions to Long-Lived Assets, Excluding Acquisitions	905			534			147			2		2			242			(32		)	10
March 31, 2019
Property, Plant and Equipment, Net	$	18,701		$	13,145		$	2,728		$	736	$	119		$	1,801		$	(162	)	$	334
December 31, 2018
Property, Plant and Equipment, Net	$	18,419		$	13,044		$	2,630		$	805	$	37		$	1,742		$	(145	)	$	306

⁽¹⁾

The intersegment eliminations related to income 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.