Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

 Beginning in 2013, we changed our reportable segments and revised our management reporting to better reflect the growing importance of United States unconventional resource plays to our business. All periods presented have been recast to reflect these new segments.

We have three reportable operating segments.  Each of these segments is organized and managed based upon both geographic location and the nature of the products and services it offers:

• North America E&P ("N.A. E&P") – explores for, produces and markets liquid hydrocarbons and natural gas in North America;

• International E&P ("Int'l E&P") – explores for, produces and markets liquid hydrocarbons and natural gas outside of North America and produces and markets products manufactured from natural gas, such as LNG and methanol, in E.G.; and

• Oil Sands Mining (“OSM”) – mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.

Information regarding assets by segment is not presented because it is not reviewed by the chief operating decision maker (“CODM”).  Segment income represents income from continuing operations excluding certain items not allocated to segments, net of income taxes, attributable to the operating segments. Our corporate and operations support general and administrative costs are not allocated to the operating segments. These costs primarily consist of employment costs (including pension effects), professional services, facilities and other costs associated with corporate and operations support activities, net of associated income tax effects. Unrealized gains or losses on crude oil derivative instruments, certain impairments, gains or losses on dispositions or other items that affect comparability (as determined by the CODM) also are not allocated to operating segments.

In 2013, we entered into agreements to sell our Angola assets; therefore, the Angola operations are reflected as discontinued operations and excluded from the International E&P segment in all periods presented.

As discussed in Note 3, our downstream business was spun-off on June 30, 2011 and has been reported as discontinued operations for 2011.  Sales to MPC previously reported as intersegment revenues are reported as sales and other operating revenues because such sales were expected to continue subsequent to the spin-off.  These sales were $1.4 billion in the first six months of 2011.

2013							Not Allocated
(In millions)	N.A. E&P		Int'l E&P		OSM		to Segments				Total
Sales and other operating revenues	$	5,068	$	5,827	$	1,576	$	(52	)	(c)	$	12,419
Marketing revenues	1,797		267		18		—				2,082
Total revenues	6,865		6,094		1,594		(52		)		14,501
Income from equity method investments	—		427		—		(4		)	(d)	423
Net gain (loss) on disposal of assets and other income	12		50		5		(32		)		35
Production expenses	797		534		1,000		—				2,331
Marketing costs	1,796		258		18		—				2,072
Exploration expenses	725		263		—		—				988
Depreciation, depletion and amortization	1,927		621		218		24				2,790
Impairments	41		—		—		55				96
Other expenses (a)	420		239		66		401				1,126
Taxes other than income	318		7		22		5				352
Net interest and other	—		—		—		274				274
Provision (benefit) for income taxes	324		3,226		69		(282		)		3,337
Segment income/Income from continuing operations	$	529	$	1,423	$	206	$	(565	)		$	1,593
Capital expenditures (b)	$	3,649	$	764	$	286	$	285			$	4,984

^(a)  Includes other operating expenses and general and administrative expenses.

^(b)  Includes accruals.

^(c)  Unrealized gain (loss) on crude oil derivative instruments.

^(d)  EGHoldings impairment (see Note 15).

2012							Not Allocated
(In millions)	N.A. E&P		Int'l E&P		OSM		to Segments				Total
Sales and other operating revenues	$	3,944	$	7,445	$	1,521	$	53		(c)	$	12,963
Marketing revenues	2,451		248		30		—				2,729
Total revenues	6,395		7,693		1,551		53				15,692
Income from equity method investments	2		368		—		—				370
Net gain (loss) on disposal of assets and other income	11		30		4		114				159
Production expenses	706		500		996		—				2,202
Marketing costs	2,444		269		31		—				2,744
Exploration expenses	588		118		—		—				706
Depreciation, depletion and amortization	1,428		787		217		45				2,477
Impairments	11		—		—		360				371
Other expenses (a)	400		200		60		464				1,124
Taxes other than income	226		5		22		(5		)		248
Net interest and other	—		—		—		219				219
Provision (benefit) for income taxes	223		4,552		58		(316		)		4,517
Segment income/Income from continuing operations	$	382	$	1,660	$	171	$	(600	)		$	1,613
Capital expenditures (b)	$	3,988	$	489	$	188	$	466			$	5,131

2011								Not Allocated
(In millions)	N.A. E&P		Int'l E&P		OSM			to Segments			Total
Sales and other operating revenues	$	3,364	$	5,851	$	1,535		$	—		$	10,750
Marketing revenues	3,614		252		53			—			3,919
Total revenues	6,978		6,103		1,588			—			14,669
Income from equity method investments	20		442		—			—			462
Net gain (loss) on disposal of assets and other income	21		73		(17		)	74			151
Production expenses	545		409		915			82			1,951
Marketing costs	3,598		247		53			—			3,898
Exploration expenses	388		253		—			—			641
Depreciation, depletion and amortization	1,191		828		196			48			2,263
Impairments	12		—		—			298			310
Other expenses (a)	494		191		46			465			1,196
Taxes other than income	182		6		17			(12		)	193
Net interest and loss on early extinguishment of debt	—		—		—			386			386
Provision (benefit) for income taxes	217		2,693		83			(267		)	2,726
Segment income/Income from continuing operations	$	392	$	1,991	$	261		$	(926	)	$	1,718
Capital expenditures (b)	$	2,163	$	544	$	308		$	384		$	3,399

Revenues from external customers are attributed to geographic areas based upon selling location. The following summarizes revenues from external customers by geographic area.

(In millions)	2013		2012		2011
United States	$	6,813	$	6,448	$	6,978
Norway	3,183		3,714		3,563
Canada	1,594		1,551		1,588
Libya(a)	1,106		1,989		216
Other international	1,805		1,990		2,324
Total revenues	$	14,501	$	15,692	$	14,669

^(a)  See Note 13 for discussion of Libya operations.

In 2013, sales to British Petroleum and its affiliates accounted for approximately 11 percent of our total revenues. In 2012, Statoil, the purchaser of the majority of our Libyan crude oil, accounted for approximately 15 percent of our total revenues, while sales to Shell Oil and its affiliates accounted for approximately 12 percent of total revenues. In 2011, our sales to MPC accounted for approximately 18 percent of total revenues.

Revenues by product line were:

(In millions)	2013		2012		2011
Liquid hydrocarbons	$	11,932	$	12,983	$	11,778
Natural gas	937		1,052		1,203
Synthetic crude oil	1,542		1,409		1,442
Other	90		248		246
Total revenues	$	14,501	$	15,692	$	14,669

The following summarizes certain long-lived assets by geographic area, including property, plant and equipment and equity method investments.

	December 31,
(In millions)	2013		2012
United States	$	14,635	$	13,677
Canada	9,794		9,693
Norway	977		987
Equatorial Guinea	1,977		2,081
Other international	1,963		3,113
Total long-lived assets	$	29,346	$	29,551