Segment Information (Tables)

9 Months Ended

Sep. 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 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.