Segment Information

9 Months Ended

Sep. 30, 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, New Ventures and 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.

Expenses related to debt, such as interest and other debt-related costs, headquarters depreciation, corporate general and administrative expenses, exit costs and certain costs associated with mitigating the effects of our retained Marcellus Shale transportation agreements, are recorded at the Corporate level.



			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, 2019
Crude Oil Sales	$	724	$	645	$	1	$	78	$	—	$	—		$	—		$	—
NGL Sales	78		78		—		—		—		—			—			—
Natural Gas Sales	201		79		118		4		—		—			—			—
Total Crude Oil, NGL and Natural Gas Sales	1,003		802		119		82		—		—			—			—
Sales of Purchased Oil and Gas	87		22		—		—		—		47			—			18
Income (Loss) from Equity Method Investments and Other	10		1		—		14		—		(5		)	—			—
Midstream Services Revenues – Third Party	19		—		—		—		—		19			—			—
Intersegment Revenues	—		—		—		—		—		125			(125		)	—
Total Revenues	1,119		825		119		96		—		186			(125		)	18
Lease Operating Expense	132		111		7		22		—		1			(9		)	—
Production and Ad Valorem Taxes	52		51		—		—		—		1			—			—
Gathering, Transportation and Processing Expense	108		173		1		—		—		5			(71		)	—
Other Royalty Expense	5		5		—		—		—		—			—			—
Total Production Expense	297		340		8		22		—		7			(80		)	—



				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	583			505			17		21			1			26			(8		)	21
Cost of Purchased Oil and Gas	96			17			—		—			—			46			—			33
Gain on Commodity Derivative Instruments	(129		)	(123		)	—		(6		)	—			—			—			—
Income (Loss) Before Income Taxes	51			92			74		56			(17		)	83			(23		)	(214		)
Additions to Long-Lived Assets, Excluding Acquisitions	595			377			129		46			2			56			(26		)	11
Additions to Equity Method Investments	271			—			185		—			—			86			—			—
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			—			—		—			—			46			—			26
Income from Equity Method Investments and Other	44			—			—		34			—			10			—			—
Midstream Services Revenues – Third Party	21			—			—		—			—			21			—			—
Intersegment Revenues	—			—			—		—			—			91			(91		)	—
Total Revenues	1,273			919			124		127			—			168			(91		)	26
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		)	—
Depreciation, Depletion and Amortization	485			414			16		25			1			24			(5		)	10
(Gain) Loss on Divestitures, Net	(193		)	5			—		—			—			(198		)	—			—
Cost of Purchased Oil and Gas	76			—			—		—			—			44			—			32
Loss on Commodity Derivative Instruments	155			140			—		15			—			—			—			—
Income (Loss) Before Income Taxes	307			31			143		68			(17		)	268			(16		)	(170		)
Additions to Long-Lived Assets, Excluding Acquisitions	768			535			170		4			1			82			(22		)	(2		)
Nine Months Ended September 30, 2019
Crude Oil Sales	$	2,024		$	1,807		$	4	$	213		$	—		$	—		$	—		$	—
NGL Sales	258			258			—		—			—			—			—			—
Natural Gas Sales	612			259			340		13			—			—			—			—
Total Crude Oil, NGL and Natural Gas Sales	2,894			2,324			344		226			—			—			—			—



				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
Sales of Purchased Oil and Gas	264			64			—		—		—			132			—			68
Income (Loss) from Equity Method Investments and Other	43			2			—		46		—			(5		)	—			—
Midstream Services Revenues – Third Party	63			—			—		—		—			63			—			—
Intersegment Revenues	—			—			—		—		—			322			(322		)	—
Total Revenues	3,264			2,390			344		272		—			512			(322		)	68
Lease Operating Expense	405			350			26		56		—			3			(30		)	—
Production and Ad Valorem Taxes	142			138			—		—		—			4			—			—
Gathering, Transportation and Processing Expense	306			439			1		—		—			65			(199		)	—
Other Royalty Expense	9			9			—		—		—			—			—			—
Total Production Expense	862			936			27		56		—			72			(229		)	—
Depreciation, Depletion and Amortization	1,619			1,401			50		60		1			77			(21		)	51
Cost of Purchased Oil and Gas	296			59			—		—		—			125			—			112
Firm Transportation Exit Cost	92			—			—		—		—			—			—			92
Loss on Commodity Derivative Instruments	23			7			—		16		—			—			—			—
(Loss) Income Before Income Taxes	(294		)	(85		)	223		126		(48		)	202			(52		)	(660		)
Additions to Long-Lived Assets, Excluding Acquisitions	1,954			1,367			380		64		14			174			(74		)	29
Additions to Equity Method Investments	686			—			185		—		—			501			—			—
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			—			—		—		—			110			—			81
Income from Equity Method Investments and Other	140			—			—		105		—			35			—			—
Midstream Services Revenues – Third Party	49			—			—		—		—			49			—			—
Intersegment Revenues	—			—			—		—		—			257			(257		)	—
Total Revenues	3,789			2,737			368		409		—			451			(257		)	81
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		)	—
Depreciation, Depletion and Amortization	1,418			1,214			44		77		1			62			(13		)	33



				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
(Gain) Loss on Divestitures, Net	(859		)	20			(376		)	—		—			(503		)	—			—
Asset Impairments	168			168			—			—		—			—			—			—
Cost of Purchased Oil and Gas	204			—			—			—		—			106			—			98
Loss on Commodity Derivative Instruments	483			400			—			83		—			—			—			—
Income (Loss) Before Income Taxes	860			(94		)	678			180		(44		)	690			(52		)	(498		)
Additions to Long-Lived Assets, Excluding Acquisitions	2,608			1,630			533			9		3			479			(72		)	26
September 30, 2019
Property, Plant and Equipment, Net	$	18,797		$	13,170		$	3,001		$	801	$	39		$	1,682		$	(198	)	$	302
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 (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.