Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment Information [Abstract]

Summary Financial Information For Company's Reportable Segments

	Exploration
	and		Midstream
	Production		Services		Other			Total
	(in millions)
Three months ended September 30, 2014:
Revenues from external customers	$	652	$	276	$	–		$	928
Intersegment revenues		3		707		–			710
Operating income		189		97		–			286
Gain (loss) on derivatives		79		–		(1)			78
Depreciation, depletion and amortization expense		223		15		–			238
Interest expense(1)		10		2		1			13
Provision (benefit) for income taxes(1)		107		34		(1)			140
Assets		7,461		1,494		222	(2)		9,177
Capital investments(3)		531		34		9			574
Three months ended September 30, 2013:
Revenues from external customers	$	622	$	246	$	–		$	868
Intersegment revenues		1		601		–			602
Operating income		223		86		–			309
Gain on derivatives		11		1		–			12
Depreciation, depletion and amortization expense		192		13		–			205
Interest expense(1)		9		2		–			11
Provision for income taxes(1)		88		36		–			124
Assets		6,265		1,388		241	(2)		7,894
Capital investments(3)		496		40		6			542

	Exploration
	and		Midstream
	Production		Services		Other			Total
	(in millions)
Nine months ended September 30, 2014:
Revenues from external customers	$	2,169	$	907	$	–		$	3,076
Intersegment revenues		13		2,437		–			2,450
Operating income (loss)		817		272		(1)			1,088
Other gain, net		1		–		–			1
Loss on derivatives		(27)		(1)		(1)			(29)
Depreciation, depletion and amortization expense		650		43		–			693
Interest expense(1)		29		9		1			39
Provision (benefit) for income taxes(1)		309		101		(1)			409
Assets		7,461		1,494		222	(2)		9,177
Capital investments(3)		1,706		109		22			1,837
Nine months ended September 30, 2013:
Revenues from external customers	$	1,749	$	715	$	–		$	2,464
Intersegment revenues		4		1,740		–			1,744
Operating income		651		235		–			886
Gain on derivatives		74		1		–			75
Depreciation, depletion and amortization expense		534		37		–			571
Interest expense(1)		21		8		–			29
Provision for income taxes(1)		282		91		–			373
Assets		6,265		1,388		241	(2)		7,894
Capital investments(3)		1,603		135		17			1,755

⁽¹⁾ Interest expense and the provision for income taxes by segment are allocated as they are incurred at the corporate level.

⁽²⁾ Other assets represent corporate assets not allocated to segments and assets for non reportable segments.

⁽³⁾ Capital investments includes increases of $53 million and decreases of $15 million for the three month periods ended September 30, 2014 and 2013, respectively, and increases of $114 million and  $26 million for the nine month periods ended September 30, 2014 and 2013, respectively,  relating to the change in accrued expenditures between periods.