Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2018

Revenue Recognition

Schedule of reconciliation of revenue from customers to total net sales

The following table shows a reconciliation of revenue from customers to total net sales (in millions):

	Three Months Ended June 30,		Six Months Ended June 30,
	2018		2018
Revenue from customers	$	3,831	$	7,556
All other revenues (a)		252		290
Total net sales	$	4,083	$	7,846

(a)     Includes net marketing margin and chemical exchange contracts.

Schedule of revenue from customers by segment, product, and geographical area

Chemical and midstream revenues are shown by area based on the location of the sale (in millions):

For the three months ended June 30, 2018
	United				Latin		Other
Revenue by Product	States		Middle East		America		International		Total
Oil and Gas Segment
Oil	$	1,334	$	718	$	180	$	—	$	2,232
NGL		111		64		—		—		175
Gas		42		73		3		—		118
Other		4		1		1		—		6
Segment Total	$	1,491	$	856	$	184	$	—	$	2,531
Chemical Segment	$	1,102	$	—	$	51	$	17	$	1,170
Midstream Segment
Marketing and Trading	$	2	$	—	$	—	$	—	$	2
Gas Processing		131		104		—		—		235
Pipelines		101		—		—		—		101
Power and Other		19		—		—		—		19
Segment Total	$	253	$	104	$	—	$	—	$	357
Intersegment Eliminations	$	(227)	$	—	$	—	$	—	$	(227)
Consolidated	$	2,619	$	960	$	235	$	17	$	3,831

For the six months ended June 30, 2018
	United				Latin		Other
Revenue by Product	States		Middle East		America		International		Total
Oil and Gas Segment
Oil	$	2,581	$	1,491	$	350	$	—	$	4,422
NGL		200		115		—		—		315
Gas		94		138		7		—		239
Other		7		1		1		—		9
Segment Total	$	2,882	$	1,745	$	358	$	—	$	4,985
Chemical Segment	$	2,182	$	—	$	103	$	38	$	2,323
Midstream Segment
Marketing and Trading	$	8	$	—	$	—	$	—	$	8
Gas Processing		268		200		—		—		468
Pipelines		195		—		—		—		195
Power and Other		38		—		—		—		38
Segment Total	$	509	$	200	$	—	$	—	$	709
Intersegment Eliminations	$	(461)	$	—	$	—	$	—	$	(461)
Consolidated	$	5,112	$	1,945	$	461	$	38	$	7,556