Divestitures

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

4. Divestitures

The following summarizes the proceeds received and gains (losses) recognized on divestitures:



	Six Months Ended
	June 30,
millions	2019		2018
Proceeds received, net of closing adjustments	$	31	$	384
Gains (losses) on divestitures, net	1		28

2018 During the six months ended June 30, 2018, the Company divested of the following U.S. onshore and Gulf of Mexico assets:


–	Alaska nonoperated assets, included primarily in the Exploration and Production reporting segment, for net proceeds of $383 million and net losses of $37 million in 2018 and $154 million in the fourth quarter of 2017.

–

Ram Powell nonoperated assets in the Gulf of Mexico, included in the Exploration and Production reporting segment, resulting in a net gain of $67 million.