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Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Reconciliation of Consolidated Adjusted EBITDAX to Income (Loss) before Income Taxes



	Years Ended December 31,
millions	2012		2011		2010
Income (loss) before income taxes	$	3,565	$	(3,424)	$	1,641
Exploration expense		1,946		1,076		974
DD&A		3,964		3,830		3,714
Impairments		389		1,774		216
Deepwater Horizon settlement and related costs		18		3,930		15
Algeria exceptional profits tax settlement⁽¹⁾		(1,797)		—		—
Tronox-related contingent loss⁽¹⁾		(250)		250		(95)
Interest expense		742		839		855
Unrealized (gains) losses on derivatives, net		377		616		(114)
Realized (gains) losses on other derivatives, net⁽¹⁾		66		59		—
Less net income attributable to noncontrolling interests		54		81		60
Consolidated Adjusted EBITDAX	$	8,966	$	8,869	$	7,146

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(1) In the first quarter of 2012, the Company revised the definition of Adjusted EBITDAX to exclude Algeria exceptional profits tax settlement, Tronox-related contingent loss, and realized (gains) losses on other derivatives, net. Prior periods have been adjusted to reflect this change.

Schedule of Segment Reporting Information, by Segment


		Oil and Gas						Other and
		Exploration						Intersegment
millions		& Production		Midstream		Marketing		Eliminations		Total
2012
Sales revenues		$	6,752	$	325	$	6,230	$	—	$	13,307
Intersegment revenues			5,318		959		(5,734)		(543)		—
Gains (losses) on divestitures and other, net			(65)		(8)		—		177		104
	Total revenues and other		12,005		1,276		496		(366)		13,411
Operating costs and expenses⁽¹⁾			3,505		748		616		295		5,164
Realized (gains) losses on commodity
	derivatives, net		—		—		—		(753)		(753)
Other (income) expense, net⁽²⁾			—		—		—		(4)		(4)
Net income attributable to
	noncontrolling interests		—		54		—		—		54
Total expenses and other			3,505		802		616		(462)		4,461
Unrealized (gains) losses on derivatives, net
	included in marketing revenue		—		—		16		—		16
Adjusted EBITDAX		$	8,500	$	474	$	(104)	$	96	$	8,966
Net properties and equipment		$	31,939	$	4,459	$	94	$	1,906	$	38,398
Capital expenditures		$	5,836	$	1,250	$	70	$	155	$	7,311
Goodwill		$	5,317	$	175	$	—	$	—	$	5,492


		Oil and Gas						Other and
		Exploration						Intersegment
millions		& Production		Midstream		Marketing		Eliminations		Total
2011
Sales revenues		$	7,519	$	342	$	6,023	$	(2)	$	13,882
Intersegment revenues			5,005		957		(5,515)		(447)		—
Gains (losses) on divestitures and other, net			(41)		(13)		—		139		85
	Total revenues and other		12,483		1,286		508		(310)		13,967
Operating costs and expenses⁽¹⁾			3,696		786		559		186		5,227
Realized (gains) losses on commodity
	derivatives, net		—		—		—		(226)		(226)
Other (income) expense, net⁽²⁾			—		—		—		4		4
Net income attributable to
	noncontrolling interests		—		81		—		—		81
Total expenses and other			3,696		867		559		(36)		5,086
Unrealized (gains) losses on derivatives, net
	included in marketing revenue		—		—		(12)		—		(12)
Adjusted EBITDAX		$	8,787	$	419	$	(63)	$	(274)	$	8,869
Net properties and equipment		$	32,235	$	3,432	$	9	$	1,825	$	37,501
Capital expenditures		$	5,026	$	1,420	$	—	$	107	$	6,553
Goodwill		$	5,475	$	166	$	—	$	—	$	5,641


2010
Sales revenues		$	5,613	$	192	$	5,037	$	—	$	10,842
Intersegment revenues			4,136		831		(4,572)		(395)		—
Gains (losses) on divestitures and other, net			—		—		—		142		142
	Total revenues and other		9,749		1,023		465		(253)		10,984
Operating costs and expenses⁽¹⁾			2,963		655		457		221		4,296
Realized (gains) losses on commodity
	derivatives, net		—		—		—		(498)		(498)
Other (income) expense, net⁽²⁾			—		—		—		(24)		(24)
Net income attributable to
	noncontrolling interests		—		60		—		—		60
Total expenses and other			2,963		715		457		(301)		3,834
Unrealized (gains) losses on derivatives, net
	included in marketing revenue		—		—		(4)		—		(4)
Adjusted EBITDAX		$	6,786	$	308	$	4	$	48	$	7,146
Net properties and equipment		$	32,850	$	3,303	$	9	$	1,795	$	37,957
Capital expenditures		$	4,672	$	384	$	—	$	113	$	5,169
Goodwill		$	5,143	$	139	$	—	$	—	$	5,282

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(1) Operating costs and expenses exclude exploration expense, DD&A, impairments, Deepwater Horizon settlement and related costs, and Algeria exceptional profits tax settlement since these expenses are excluded from Adjusted EBITDAX.

(2) Other (income) expense, net excludes Tronox-related contingent loss since this expense is excluded from Adjusted EBITDAX.

Schedule of Sales Revenues and Net Properties and Equipment by Geographic Area



	Years Ended December 31,
millions	2012		2011		2010
Sales Revenues
United States	$	9,911	$	10,477	$	8,806
Algeria		2,182		2,258		1,582
Other International		1,214		1,147		454
Total	$	13,307	$	13,882	$	10,842



	December 31,
millions	2012		2011
Net Properties and Equipment
United States	$	33,337	$	33,050
Algeria		1,575		1,416
Other International		3,486		3,035
Total	$	38,398	$	37,501

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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