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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Summary of Financial Information for Company's Reportable Segments
Summarized financial information for the Company’s reportable segments is shown in the following table. The accounting policies of the segments are the same as those described in Note 1. Management evaluates the performance of its segments based on operating income, defined as operating revenues less operating costs. Income before income taxes, for the purpose of reconciling the operating income amount shown below to consolidated income before income taxes, is the sum of operating income (loss), interest expense, gain (loss) on derivatives, gain (loss) on early extinguishment of debt and other income (loss). The “Other” column includes items not related to the Company’s reportable segments, including real estate and corporate items.
(in millions)
Exploration
and
Production
MarketingOtherTotal
2022
Revenues from external customers$10,583 $4,419 $— $15,002 
Intersegment revenues(6)10,102 — 10,096 
Depreciation, depletion and amortization expense1,169 5 — 1,174 
Operating income7,253 
(1)
101 — 7,354 
Interest expense (2)
184 — — 184 
Loss on derivatives(5,257)— (2)(5,259)
Loss on early extinguishment of debt— — (14)(14)
Other income, net3 — — 3 
Provision for income taxes (2)
51 — — 51 
Assets11,473 
(3)
1,274 179 12,926 
Capital investments (4)
2,196 — 13 2,209 
2021
Revenues from external customers$4,701 $1,966 $— $6,667 
Intersegment revenues(61)4,223 — 4,162 
Depreciation, depletion and amortization expense537 9 — 546 
Impairments6 — — 6 
Operating income2,583 
(5)
52 — 2,635 
Interest expense (2)
136 — — 136 
Gain (loss) on derivatives(2,437)— 1 (2,436)
Loss on early extinguishment of debt— — (93)(93)
Other income, net5 — — 5 
Assets10,767 
(3)
956 125 11,848 
Capital investments (4)
1,107 — 1 1,108 
2020
Revenues from external customers$1,391 $917 $— $2,308 
Intersegment revenues(43)1,228 — 1,185 
Depreciation, depletion and amortization expense348 9 — 357 
Impairments2,830 — — 2,830 
Operating loss(2,864)
(6)
(7)— (2,871)
Interest expense (2)
94 — — 94 
Gain on derivatives224 — —224 
Gain on early extinguishment of debt— — 35 35 
Other income, net— — 1 1 
Provision for income taxes (2)
407 — — 407 
Assets4,654 
(3)
381 125 5,160 
Capital investments (4)
899 — — 899 
(1)Operating income for the E&P segment includes $27 million of acquisition-related charges for the year ended December 31, 2022.
(2)Interest expense and the provision (benefit) for income taxes by segment are an allocation of corporate amounts as they are incurred at the corporate level.
(3)E&P assets includes office, technology, water infrastructure, drilling rigs and other ancillary equipment not directly related to natural gas and oil properties. This also includes deferred tax assets which are an allocation of corporate amounts as they are incurred at the corporate level.
(4)Capital investments include an increase of $88 million for 2022, an increase of $70 million for 2021 and a decrease of $3 million for 2020 related to the change in accrued expenditures between years. 
(5)Operating income for the E&P segment includes $7 million of restructuring charges and $76 million of acquisition-related charges for the year ended December 31, 2021.
(6)Operating loss for the E&P segment includes $16 million of restructuring charges and $41 million of acquisition-related charges for the year ended December 31, 2020.
The following table presents the breakout of other assets, which represent corporate assets not allocated to segments and assets for non-reportable segments for the years ended December 31, 2022, 2021 and 2020:
For the years ended December 31,
(in millions)202220212020
Cash and cash equivalents$50 $28 $13 
Accounts receivable1 — 1 
Prepayments14 6 6 
Property, plant and equipment19 12 16 
Unamortized debt expense19 10 11 
Right-of-use lease assets57 65 72 
Non-qualified retirement plan3 4 6 
Long term assets16 — — 
$179 $125 $125