Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Information [Abstract]

Summary Financial Information For Company's Reportable Segments

	Exploration
	and		Midstream
	Production		Services		Other			Total
	(in millions)
Three months ended March 31, 2015:
Revenues from external customers	$	660	$	273	$	–		$	933
Intersegment revenues		(5)		665		1			661
Operating income (loss)		78		88		(1)			165
Other loss		(1)		–		–			(1)
Gain (loss) on derivatives		15		–		(1)			14
Depreciation, depletion and amortization		278		15		–			293
Interest expense (1)		45		7		(1)			51
Provision for income taxes (1)		18		31		–			49
Assets		13,703		1,616		268	(2)		15,587
Capital investments (3)		1,030		138		3			1,171
Three months ended March 31, 2014:
Revenues from external customers	$	796	$	317	$	–		$	1,113
Intersegment revenues		6		913		–			919
Operating income		352		83		–			435
Other income (loss), net		2		–		(1)			1
Loss on derivatives		(100)		–		–			(100)
Depreciation, depletion and amortization		211		14		–			225
Interest expense (1)		9		4		–			13
Provision for income taxes (1)		98		31		–			129
Assets		6,621		1,544		258	(2)		8,423
Capital investments (3)		499		39		4			542

⁽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 an immaterial increase and $6 million increase for the three month periods ended March 31, 2015 and 2014, respectively, relating to the change in accrued expenditures between periods.  E&P capital for the three months ended March 31, 2015 includes approximately $534 million related to the WPX and Statoil Property Acquisitions. Midstream capital for the three months ended March 31, 2015 includes approximately $119 million of firm transport associated with the WPX Property Acquisition.