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Segment Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
491 

 

$
258 

 

$

– 

 

$
749 

Intersegment revenues

 

 
(3)

 

 
489 

 

 

– 

 

 
486 

Operating income (loss)

 

 
(2,910)

 

 
68 

 

 

– 

 

 
(2,842)

Gain on derivatives

 

 
15 

 

 

– 

 

 

– 

 

 
15 

Depreciation, depletion and amortization

 

 
255 

 

 
20 

 

 

– 

 

 
275 

Impairment of natural gas and oil properties

 

 
2,839 

 

 

– 

 

 

– 

 

 
2,839 

Provision (benefit) for income taxes (1)

 

 
(1,112)

 

 
24 

 

 

– 

 

 
(1,088)

Assets

 

 
9,159 

 

 
1,329 

 

 
237 

(2)

 
10,725 

Capital investments (3)

 

 
461 

 

 
7 

 

 

– 

 

 
468 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 
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 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exploration

 

 

 

 

 

 

 

 

 

 

 

and

 

Midstream

 

 

 

 

 

 

 

 

Production

 

Services

 

Other

 

Total

 

 

(in millions)

Nine months ended September 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$
1,647 

 

$
798 

 

$
1 

 

$
2,446 

Intersegment revenues

 

 
(14)

 

 
1,653 

 

 

– 

 

 
1,639 

Operating income (loss)

 

 
(4,471)

 

 
511 

 

 
(1)

 

 
(3,961)

Other income, net

 

 
2 

 

 

– 

 

 

– 

 

 
2 

Gain (loss) on derivatives

 

 
32 

 

 

– 

 

 
(2)

 

 
30 

Depreciation, depletion and amortization

 

 
824 

 

 
52 

 

 

– 

 

 
876 

Impairment of natural gas and oil properties

 

 
4,374 

 

 

– 

 

 

– 

 

 
4,374 

Interest expense (1)

 

 
45 

 

 
7 

 

 

– 

 

 
52 

Provision (benefit) for income taxes (1)

 

 
(1,724)

 

 
193 

 

 
(1)

 

 
(1,532)

Assets

 

 
9,159 

 

 
1,329 

 

 
237 

(2)

 
10,725 

Capital investments (3)

 

 
1,880 

 

 
164 

 

 
10 

 

 
2,054 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 income, net

 

 
1 

 

 

– 

 

 

               –

 

 
1 

Loss on derivatives

 

 
(27)

 

 
(1)

 

 
(1)

 

 
(29)

Depreciation, depletion and amortization

 

 
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 

 

(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 a $6 million increase and a $53 million increase for the three months ended September 30, 2015 and 2014, respectively, and a $5 million decrease and a $114 million increase for the nine months ended September 30, 2015 and 2014, respectively, relating to the change in accrued expenditures between periods.  E&P capital for the nine month period ended September 30, 2015 includes approximately $516 million related to the WPX Property and Statoil Property Acquisitions. Midstream capital for the nine months ended September 30, 2015 includes approximately $119 million associated with the intangible asset related to the firm transportation acquired through the WPX Property Acquisition.