Segment Information (Tables)

6 Months Ended

Jun. 30, 2020



			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, 2020
Crude Oil Sales	$	261	$	230		$	—		$	31	$	—	$	—		$	—		$	—
NGL Sales	40		40			—			—		—		—			—			—
Natural Gas Sales	192		48			139			5		—		—			—			—
Total Crude Oil, NGL and Natural Gas Sales	493		318			139			36		—		—			—			—
Sales of Purchased Oil and Gas	49		4			—			—		—		29			—			16
Income (Loss) from Equity Method Investments and Other	3		(1		)	(1		)	8		—		(3		)	—			—
Midstream Services Revenues – Third Party	26		—			—			—		—		26			—			—
Intersegment Revenues	—		—			—			—		—		92			(92		)	—
Total Revenues	571		321			138			44		—		144			(92		)	16
Lease Operating Expense	98		81			15			20		—		(1		)	(17		)	—
Production and Ad Valorem Taxes	24		23			—			—		—		1			—			—
Gathering, Transportation and Processing Expense	89		133			3			—		—		20			(67		)	—
Other Royalty Expense	3		3			—			—		—		—			—			—
Total Production Expense	214		240			18			20		—		20			(84		)	—
Exploration Expense	15		5			2			5		3		—			—			—



				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	320			252			16		22			—			26			(8		)	12
Cost of Purchased Oil and Gas	63			4			—		—			—			29			—			30
Asset Impairments	51			—			—		51			—			—			—			—
Loss on Commodity Derivative Instruments	158			149			—		9			—			—			—			—
(Loss) Income Before Income Taxes	(476		)	(359		)	83		(69		)	(6		)	58			11			(194		)
Additions to Long-Lived Assets, Excluding Acquisitions	106			65			13		19			2			5			(4		)	6
Additions to Equity Method Investments	3			—			—		—			—			3			—			—
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 Investments 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		)	—
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
Additions to Equity Method Investments	144			—			—		—			—			144			—			—
Six Months Ended June 30, 2020
Crude Oil Sales	$	839		$	722		$	1	$	116		$	—		$	—		$	—		$	—
NGL Sales	102			102			—		—			—			—			—			—
Natural Gas Sales	446			108			329		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	1,387			932			330			125			—			—			—			—
Sales of Purchased Oil and Gas	174			29			—			—			—			112			—			33
Loss from Equity Method Investments and Other	(21		)	(1		)	(3		)	(9		)	—			(8		)	—			—
Midstream Services Revenues – Third Party	51			—			—			—			—			51			—			—
Intersegment Revenues	—			—			—			—			—			207			(207		)	—
Total Revenues	1,591			960			327			116			—			362			(207		)	33
Lease Operating Expense	236			189			28			50			—			—			(31		)	—
Production and Ad Valorem Taxes	63			60			—			—			—			3			—			—
Gathering, Transportation and Processing Expense	184			279			6			—			—			41			(142		)	—
Other Royalty Expense	7			7			—			—			—			—			—			—
Total Production Expense	490			535			34			50			—			44			(173		)	—
Exploration Expense	1,519			1,499			4			8			8			—			—			—
Depreciation, Depletion and Amortization	812			671			35			46			—			52			(17		)	25
Cost of Purchased Oil and Gas	202			32			—			—			—			109			—			61
Asset Impairments	2,754			2,703			—			51			—			—			—			—
Goodwill Impairment	110			—			—			—			—			110			—			—
(Gain) Loss on Commodity Derivative Instruments	(231		)	(240		)	—			9			—			—			—			—
(Loss) Income Before Income Taxes	(4,494		)	(4,276		)	228			(59		)	(12		)	27			—			(402		)
Additions to Long-Lived Assets, Excluding Acquisitions	548			422			44			38			11			48			(28		)	13
Additions to Equity Method Investments	155			—			—			—			—			155			—			—
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			—			—			—			—
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 Investments 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		)	—



				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	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		—			—
June 30, 2020
Property, Plant and Equipment, Net	$	12,986		$	7,473		$	3,058	$	737	$	55		$	1,721	$	(222	)	$	164
December 31, 2019
Property, Plant and Equipment, Net	$	17,451		$	11,859		$	3,041	$	793	$	44		$	1,721	$	(223	)	$	216

⁽¹⁾

Intersegment eliminations related to loss before income taxes are the result of midstream expenditures. Certain of these expenditures 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. Other expenditures are presented as production expense. Intercompany revenues and expenses are eliminated upon consolidation.