Segment Information (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2019
Crude Oil Sales	$	688	$	617	$	2	$	69	$	—	$	—		$	—		$	—
NGL Sales	84		84		—		—		—		—			—			—
Natural Gas Sales	182		72		105		5		—		—			—			—
Total Crude Oil, NGL and Natural Gas Sales	954		773		107		74		—		—			—			—
Sales of Purchased Oil and Gas	103		28		—		—		—		52			—			23
Income (Loss) from Equity Method Investees and Other	16		1		—		17		—		(2		)	—			—
Midstream Services Revenues – Third Party	20		—		—		—		—		20			—			—
Intersegment Revenues	—		—		—		—		—		91			(91		)	—
Total Revenues	1,093		802		107		91		—		161			(91		)	23
Lease Operating Expense	122		114		9		10		—		1			(12		)	—
Production and Ad Valorem Taxes	41		40		—		—		—		1			—			—
Gathering, Transportation and Processing Expense	96		124		—		—		—		31			(59		)	—



				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
Other Royalty Expense	1			1			—		—			—			—			—			—
Total Production Expense	260			279			9		10			—			33			(71		)	—
Depreciation, Depletion and Amortization	528			457			17		19			—			26			(6		)	15
Cost of Purchased Oil and Gas	113			28			—		—			—			48			—			37
Gain on Commodity Derivative Instruments	(60		)	(58		)	—		(2		)	—			—			—			—
Income (Loss) Before Income Taxes	28			70			65		59			(15		)	46			(15		)	(182		)
Additions to Long-Lived Assets, Excluding Acquisitions	647			478			119		12			2			52			(25		)	9
Investments in Equity Method Investees	144			—			—		—			—			144			—			—
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			—			—			—			—
Sales of Purchased Oil and Gas	66			—			—		—			—			42			—			24
Income from Equity Method Investees and Other	49			—			—		36			—			13			—			—
Midstream Services Revenues – Third Party	15			—			—		—			—			15			—			—
Intersegment Revenues	—			—			—		—			—			85			(85		)	—
Total Revenues	1,230			870			113		153			—			155			(85		)	24
Lease Operating Expense	132			114			5		19			—			—			(6		)	—
Production and Ad Valorem Taxes	50			48			—		—			—			2			—			—
Gathering, Transportation and Processing Expense	98			131			—		—			—			22			(55		)	—
Other Royalty Expense	10			10			—		—			—			—			—			—
Total Production Expense	290			303			5		19			—			24			(61		)	—
Depreciation, Depletion and Amortization	465			394			15		26			—			22			(4		)	12
(Gain) Loss on Divestitures, Net	(78		)	21			10		—			—			(109		)	—			—
Cost of Purchased Oil and Gas	71			—			—		—			—			40			—			31
Loss on Commodity Derivative Instruments	249			196			—		53			—			—			—			—
Income (Loss) Before Income Taxes	10			(90		)	62		48			(13		)	175			(18		)	(154		)
Additions to Long-Lived Assets, Excluding Acquisitions	935			561			216		3			—			155			(18		)	18
Six Months Ended June 30, 2019
Crude Oil Sales	$	1,300		$	1,162		$	3	$	135		$	—		$	—		$	—		$	—
NGL Sales	180			180			—		—			—			—			—			—
Natural Gas Sales	411			180			222		9			—			—			—			—



				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
Total Crude Oil, NGL and Natural Gas Sales	1,891			1,522			225		144		—			—		—			—
Sales of Purchased Oil and Gas	177			42			—		—		—			85		—			50
Income from Equity Method Investees and Other	33			1			—		32		—			—		—			—
Midstream Services Revenues – Third Party	44			—			—		—		—			44		—			—
Intersegment Revenues	—			—			—		—		—			197		(197		)
Total Revenues	2,145			1,565			225		176		—			326		(197		)	50
Lease Operating Expense	273			239			19		34		—			2		(21		)	—
Production and Ad Valorem Taxes	90			87			—		—		—			3		—			—
Gathering, Transportation and Processing Expense	198			266			—		—		—			60		(128		)	—
Other Royalty Expense	4			4			—		—		—			—		—			—
Total Production Expense	565			596			19		34		—			65		(149		)	—
Depreciation, Depletion and Amortization	1,036			896			33		39		—			51		(13		)	30
Cost of Purchased Oil and Gas	200			42			—		—		—			79		—			79
Firm Transportation Exit Cost	92			—			—		—		—			—		—			92
Loss on Commodity Derivative Instruments	152			130			—		22		—			—		—			—
(Loss) Income Before Income Taxes	(345		)	(177		)	149		70		(31		)	119		(29		)	(446		)
Additions to Long-Lived Assets, Excluding Acquisitions	1,359			990			251		18		12			118		(48		)	18
Investments in Equity Method Investees	415			—			—		—		—			415		—			—
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		—			—		—			—
Sales of Purchased Oil and Gas	119			—			—		—		—			64		—			55
Income from Equity Method Investees and Other	96			—			—		71		—			25		—			—
Midstream Services Revenues – Third Party	28			—			—		—		—			28		—			—
Intersegment Revenues	—			—			—		—		—			166		(166		)	—
Total Revenues	2,516			1,818			244		282		—			283		(166		)	55
Lease Operating Expense	287			240			12		41		—			—		(6		)	—
Production and Ad Valorem Taxes	104			101			—		—		—			3		—			—
Gathering, Transportation and Processing Expense	191			256			—		—		—			43		(108		)	—
Other Royalty Expense	27			27			—		—		—			—		—			—
Total Production Expense	609			624			12		41		—			46		(114		)	—



				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
Depreciation, Depletion and Amortization	933			800			28			52		—			38			(8		)	23
(Gain) Loss on Divestitures, Net	(666		)	15			(376		)	—		—			(305		)	—			—
Asset Impairments	168			168			—			—		—			—			—			—
Cost of Purchased Oil and Gas	128			—			—			—		—			61			—			67
Loss on Commodity Derivative Instruments	328			260			—			68		—			—			—			—
Income (Loss) Before Income Taxes	553			(127		)	535			112		(27		)	428			(40		)	(328		)
Additions to Long-Lived Assets, Excluding Acquisitions	1,840			1,095			363			5		2			397			(50		)	28
June 30, 2019
Property, Plant and Equipment, Net	$	18,775		$	13,095		$	2,879		$	773	$	36		$	1,841		$	(185	)	$	336
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.