Segment Information (Tables)

3 Months Ended

Mar. 31, 2019



			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.