XML 54 R28.htm IDEA: XBRL DOCUMENT v3.19.2
Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table disaggregates revenue by significant product type and segment:
millions
Exploration
& Production
 
WES Midstream
 
Other and
Intersegment
Eliminations
 
Total
 
Three Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Oil sales
 
$
2,470

 
$
—

 
$
—

 
$
2,470

Natural-gas sales
 
205

 
—

 
—

 
205

Natural-gas liquids sales
 
216

 
—

 
—

 
216

Gathering, processing, and marketing sales (1)
 
1

 
685

 
(82
)
 
604

Other, net
 
12

 
—

 
21

 
33

Total Revenue from Customers
 
$
2,904

 
$
685

 
$
(61
)
 
$
3,528

Gathering, processing, and marketing sales (2)
 
—

 
—

 
(139
)
 
(139
)
Gains (losses) on divestitures, net
 
6

 
—

 
—

 
6

Other, net
 
(16
)
 
70

 
(7
)
 
47

Total Revenue from Other than Customers
 
$
(10
)
 
$
70

 
$
(146
)
 
$
(86
)
Total Revenue and Other
 
$
2,894

 
$
755

 
$
(207
)
 
$
3,442

 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Oil sales
 
$
2,265

 
$
—

 
$
—

 
$
2,265

Natural-gas sales
 
203

 
—

 
—

 
203

Natural-gas liquids sales
 
318

 
—

 
—

 
318

Gathering, processing, and marketing sales (1)
 
—

 
519

 
84

 
603

Other, net
 
4

 
—

 
21

 
25

Total Revenue from Customers
 
$
2,790

 
$
519

 
$
105

 
$
3,414

Gathering, processing, and marketing sales (2)
 
—

 
(1
)
 
(220
)
 
(221
)
Gains (losses) on divestitures, net
 
52

 
1

 
(1
)
 
52

Other, net
 
(1
)
 
39

 
8

 
46

Total Revenue from Other than Customers
 
$
51

 
$
39

 
$
(213
)
 
$
(123
)
Total Revenue and Other
 
$
2,841

 
$
558

 
$
(108
)
 
$
3,291

(1) 
The amount in Other and Intersegment Eliminations primarily represents sales of third-party natural gas and NGLs of $176 million and intersegment eliminations of $(233) million for the three months ended June 30, 2019, and sales of third-party natural gas and NGLs of $261 million and intersegment eliminations of $(174) million for the three months ended June 30, 2018.
(2) 
The amount in Other and Intersegment Eliminations represents purchases of third-party natural gas and NGLs. Although these purchases are reported net in gathering, processing, and marketing sales in the Company’s Consolidated Statements of Income, they are shown separately on this table as the purchases are not considered revenue from customers.

2. Revenue from Contracts with Customers (Continued)
millions
Exploration
& Production
 
WES Midstream
 
Other and
Intersegment
Eliminations
 
Total
 
Six Months Ended June 30, 2019
 
 
 
 
 
 
 
 
Oil sales
 
$
4,566

 
$
—

 
$
—

 
$
4,566

Natural-gas sales
 
525

 
—

 
—

 
525

Natural-gas liquids sales
 
456

 
—

 
—

 
456

Gathering, processing, and marketing sales (1)
 
2

 
1,357

 
(107
)
 
1,252

Other, net
 
21

 
—

 
46

 
67

Total Revenue from Customers
 
$
5,570

 
$
1,357

 
$
(61
)
 
$
6,866

Gathering, processing, and marketing sales (2)
 
—

 
—

 
(317
)
 
(317
)
Gains (losses) on divestitures, net
 
6

 
—

 
(5
)
 
1

Other, net
 
(17
)
 
132

 
(5
)
 
110

Total Revenue from Other than Customers
 
$
(11
)
 
$
132

 
$
(327
)
 
$
(206
)
Total Revenue and Other
 
$
5,559

 
$
1,489

 
$
(388
)
 
$
6,660

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
Oil sales
 
$
4,392

 
$
—

 
$
—

 
$
4,392

Natural-gas sales
 
450

 
—

 
—

 
450

Natural-gas liquids sales
 
610

 
—

 
—

 
610

Gathering, processing, and marketing sales (1)
 
—

 
1,021

 
130

 
1,151

Other, net
 
7

 
—

 
40

 
47

Total Revenue from Customers
 
$
5,459

 
$
1,021

 
$
170

 
$
6,650

Gathering, processing, and marketing sales (2)
 
—

 
(2
)
 
(407
)
 
(409
)
Gains (losses) on divestitures, net
 
19

 
1

 
8

 
28

Other, net
 
(13
)
 
80

 
—

 
67

Total Revenue from Other than Customers
 
$
6

 
$
79

 
$
(399
)
 
$
(314
)
Total Revenue and Other
 
$
5,465

 
$
1,100

 
$
(229
)
 
$
6,336

(1) 
The amount in Other and Intersegment Eliminations primarily represents sales of third-party natural gas and NGLs of $381 million and intersegment eliminations of $(456) million for the six months ended June 30, 2019, and sales of third-party natural gas and NGLs of $485 million and intersegment eliminations of $(337) million for the six months ended June 30, 2018.
(2) 
The amount in Other and Intersegment Eliminations represents purchases of third-party natural gas and NGLs. Although these purchases are reported net in gathering, processing, and marketing sales in the Company’s Consolidated Statements of Income, they are shown separately on this table as the purchases are not considered revenue from customers.
Schedule of Contract with Customer Liabilities Activity The following table summarizes the current period activity related to contract liabilities from contracts with customers:
millions
 
Balance at December 31, 2018
$
150

Increase due to cash received, excluding revenues recognized in the period (1)
20

Decrease due to revenue recognized (2)
(23
)
Balance at June 30, 2019
$
147

 
 
Contract liabilities at June 30, 2019
 
Other current liabilities
$
19

Other long-term liabilities - other
128

Total contract liabilities from contracts with customers
$
147
Schedule of Expected Revenue Recognition from Satisfaction of Performance Obligations Therefore, the following table represents only a small portion of Anadarko’s expected future consolidated revenues as future revenue from the sale of most products and services is dependent on future production or variable customer volume and variable commodity prices for that volume.
millions
Exploration
& Production
 
WES Midstream
 
Other and
Intersegment
Eliminations
 
Total
 
Remainder of 2019
 
$
52

 
$
380

 
$
(250
)
 
$
182

2020
 
103

 
873

 
(620
)
 
356

2021
 
103

 
912

 
(681
)
 
334

2022
 
7

 
963

 
(739
)
 
231

2023
 
7

 
918

 
(729
)
 
196

Thereafter
 
60

 
4,341

 
(3,830
)
 
571

Total
 
$
332

 
$
8,387

 
$
(6,849
)
 
$
1,870