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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Information [Abstract]  
Summary Financial Information For Company's Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration

 

 

 

 

 

 

 

 

 

 

 

and

 

Midstream

 

 

 

 

 

 

 

 

Production

 

Services

 

Other

 

Total

 

 

(in millions)

Three months ended June 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
496 

 

$
267 

 

$
1 

 

$
764 

Intersegment revenues

 

 
(6)

 

 
499 

 

 
(1)

 

 
492 

Operating income (loss)

 

 
(1,639)

 

 
355 

 

 

–  

 

 
(1,284)

Other income, net

 

 
3 

 

 

– 

 

 

–  

 

 
3 

Gain (loss) on derivatives

 

 
2 

 

 

– 

 

 
(1)

 

 
1 

Depreciation, depletion and amortization

 

 
291 

 

 
17 

 

 

–  

 

 
308 

Impairment of natural gas and oil properties

 

 
1,535 

 

 

– 

 

 

–  

 

 
1,535 

Interest expense (1)

 

 

–  

 

 

– 

 

 
1 

 

 
1 

Provision (benefit) for income taxes (1)

 

 
(630)

 

 
138 

 

 
(1)

 

 
(493)

Assets

 

 
11,882 

 

 
1,352 

 

 
270 

(2)

 
13,504 

Capital investments (3)

 

 
389 

 

 
19 

 

 
7 

 

 
415 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
721 

 

$
314 

 

$

–  

 

$
1,035 

Intersegment revenues

 

 
4 

 

 
817 

 

 

–  

 

 
821 

Operating income (loss)

 

 
275 

 

 
93 

 

 
(1)

 

 
367 

Loss on derivatives

 

 
(7)

 

 
(1)

 

 

–  

 

 
(8)

Depreciation, depletion and amortization

 

 
216 

 

 
14 

 

 

–  

 

 
230 

Interest expense (1)

 

 
10 

 

 
2 

 

 

–  

 

 
12 

Provision for income taxes (1)

 

 
105 

 

 
35 

 

 

–  

 

 
140 

Assets

 

 
7,127 

 

 
1,532 

 

 
228 

(2)

 
8,887 

Capital investments (3)

 

 
676 

 

 
36 

 

 
9 

 

 
721 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration

 

 

 

 

 

 

 

 

 

 

 

and

 

Midstream

 

 

 

 

 

 

 

 

Production

 

Services

 

Other

 

Total

 

 

(in millions)

Six months ended June 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
1,156 

 

$
540 

 

$
1 

 

$
1,697 

Intersegment revenues

 

 
(11)

 

 
1,164 

 

 

– 

 

 
1,153 

Operating income (loss)

 

 
(1,561)

 

 
443 

 

 
(1)

 

 
(1,119)

Other income, net

 

 
2 

 

 

– 

 

 

– 

 

 
2 

Gain (loss) on derivatives

 

 
17 

 

 

– 

 

 
(2)

 

 
15 

Depreciation, depletion and amortization

 

 
569 

 

 
32 

 

 

– 

 

 
601 

Impairment of natural gas and oil properties

 

 
1,535 

 

 

– 

 

 

– 

 

 
1,535 

Interest expense (1)

 

 
45 

 

 
7 

 

 

– 

 

 
52 

Provision (benefit) for income taxes (1)

 

 
(612)

 

 
169 

 

 
(1)

 

 
(444)

Assets

 

 
11,882 

 

 
1,352 

 

 
270 

(2)

 
13,504 

Capital investments (3)

 

 
1,419 

 

 
157 

 

 
10 

 

 
1,586 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
1,517 

 

$
631 

 

$

–  

 

$
2,148 

Intersegment revenues

 

 
10 

 

 
1,730 

 

 

–  

 

 
1,740 

Operating income

 

 
627 

 

 
175 

 

 

–  

 

 
802 

Other income, net

 

 
1 

 

 

–  

 

 

               –

 

 
1 

Loss on derivatives

 

 
(107)

 

 
(1)

 

 

–  

 

 
(108)

Depreciation, depletion and amortization

 

 
427 

 

 
28 

 

 

–  

 

 
455 

Interest expense (1)

 

 
18 

 

 
7 

 

 

–  

 

 
25 

Provision for income taxes (1)

 

 
202 

 

 
67 

 

 

–  

 

 
269 

Assets

 

 
7,127 

 

 
1,532 

 

 
228 

(2)

 
8,887 

Capital investments (3)

 

 
1,175 

 

 
75 

 

 
13 

 

 
1,263 

 

(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 $11 million decrease and  a  $56 million increase for the three months ended June 30, 2015 and 2014, respectively, and an $11 million decrease and a $61 million increase for the six months ended June 30, 2015 and 2014, respectively, relating to the change in accrued expenditures between periods.  E&P capital for the three month period ended June 30, 2015 includes approximately $516 million related to the WPX Property and Statoil Property Acquisitions. Midstream capital for the six months ended June 30, 2015 includes approximately $119 million associated with the intangible asset related to the firm transportation acquired through the WPX Property Acquisition.