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Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
 
Three Months Ended June 30, 2016
 
 
 
Not Allocated
 
 
(In millions)
N.A. E&P
 
Int'l E&P
 
OSM
 
to Segments
 
Total
Sales and other operating revenues
$
617

 
$
159

 
$
185

 
$
(91
)
(c) 
$
870

Marketing revenues
53

 
23

 
13

 

 
89

Total revenues
670

 
182

 
198

 
(91
)
 
959

Income from equity method investments

 
37

 

 

 
37

Net gain on disposal of assets and other income
2

 
7

 
1

 
296

(d) 
306

Less:
 
 
 
 
 
 
 
 
 
Production expenses
129

 
56

 
165

 

 
350

Marketing costs
52

 
23

 
13

 

 
88

Exploration expenses
37

 
4

 
7

 
141

(e) 
189

Depreciation, depletion and amortization
433

 
68

 
49

 
11

 
561

Other expenses (a)
97

 
22

 
9

 
99

(f) 
227

Taxes other than income
35

 

 
4

 

 
39

Net interest and other

 

 

 
86

 
86

Income tax benefit
(41
)
 
(2
)
 
(10
)
 
(15
)
 
(68
)
Segment income (loss) / Net income (loss)
$
(70
)
 
$
55

 
$
(38
)
 
$
(117
)
 
$
(170
)
Capital expenditures (b)
$
153

 
$
12

 
$
7

 
$
5

 
$
177


(a) 
Includes other operating expenses and general and administrative expenses.
(b) 
Includes accruals.
(c) 
Unrealized loss on commodity derivative instruments.
(d) 
Primarily related to partial sale of Wyoming upstream and midstream assets. (See note 6.)
(e) 
Impairments associated with decision to not drill remaining Gulf of Mexico undeveloped leases.
(f) 
Includes pension settlement loss of $31 million (See note 8).
 
Three Months Ended June 30, 2015
 
 
 
Not Allocated
 
 
(In millions)
N.A. E&P
 
Int'l E&P
 
OSM
 
to Segments
 
Total
Sales and other operating revenues
$
993

 
$
211

 
$
147

 
$
(44
)
(c) 
$
1,307

Marketing revenues
110

 
30

 
43

 

 
183

Total revenues
1,103

 
241

 
190

 
(44
)
 
1,490

Income from equity method investments

 
26

 

 

 
26

Net gain on disposal of assets and other income
11

 
4

 

 

 
15

Less:
 
 
 
 
 
 
 
 
 
Production expenses
179

 
64

 
207

 

 
450

Marketing costs
112

 
29

 
41

 

 
182

Exploration expenses
91

 
20

 

 

 
111

Depreciation, depletion and amortization
634

 
71

 
35

 
11

 
751

Impairments

 

 

 
44

(d) 
44

Other expenses (a)
99

 
19

 
9

 
122

(e) 
249

Taxes other than income
67

 

 
5

 
6

 
78

Net interest and other

 

 

 
58

 
58

Income tax provision (benefit)
(23
)
 
27

 
(30
)
 
20

(f) 
(6
)
Segment income (loss) / Net income (loss)
$
(45
)
 
$
41

 
$
(77
)
 
$
(305
)
 
$
(386
)
Capital expenditures (b)
$
551

 
$
99

 
$
16

 
$
12

 
$
678

(a) 
Includes other operating expenses and general and administrative expenses.
(b) 
Includes accruals.
(c) 
Unrealized loss on commodity derivative instruments.
(d) 
Proved property impairment (See Note 13).
(e) 
Includes pension settlement loss of $64 million (see Note 8).
(f) 
Includes $135 million of deferred tax expense related to Alberta provincial corporate tax rate increase (see Note 9).
 
Six Months Ended June 30, 2016
 
 
 
Not Allocated
 
 
(In millions)
N.A. E&P
 
Int'l E&P
 
OSM
 
to Segments
 
Total
Sales and other operating revenues
$
1,110

 
$
255

 
$
333

 
$
(114
)
(c) 
$
1,584

Marketing revenues
84

 
38

 
25

 

 
147

Total revenues
1,194

 
293

 
358

 
(114
)
 
1,731

Income from equity method investments

 
51

 

 

 
51

Net gain on disposal of assets and other income
3

 
13

 
1

 
233

(d) 
250

Less:
 
 
 
 
 
 
 
 
 
Production expenses
263

 
109

 
306

 

 
678

Marketing costs
84

 
37

 
25

 

 
146

Exploration expenses
55

 
10

 
7

 
141

(e) 
213

Depreciation, depletion and amortization
920

 
118

 
109

 
23

 
1,170

Impairments
1

 

 

 

 
1

Other expenses (a)
215

 
38

 
16

 
218

(f) 
487

Taxes other than income
77

 

 
9

 
1

 
87

Net interest and other

 

 

 
171

 
171

Income tax benefit
(153
)
 
(14
)
 
(27
)
 
(150
)
 
(344
)
Segment income (loss) / Net income (loss)
$
(265
)
 
$
59

 
$
(86
)
 
$
(285
)
 
$
(577
)
Capital expenditures (b)
$
468

 
$
44

 
$
16

 
$
8

 
$
536

(a) 
Includes other operating expenses and general and administrative expenses.
(b)Includes accruals.
(c) 
Unrealized loss on commodity derivative instruments.
(d) 
Related to net gain on disposal of assets (see Note 6).
(e) 
Impairments associated with decision to not drill remaining Gulf of Mexico undeveloped leases.
(f) 
Includes pension settlement loss of $79 million and severance related expenses associated with workforce reductions of $8 million (see Note 8).
 
Six Months Ended June 30, 2015
 
 
 
Not Allocated
 
 
(In millions)
N.A. E&P
 
Int'l E&P
 
OSM
 
to Segments
 
Total
Sales and other operating revenues
$
1,843

 
$
393

 
$
372

 
$
(21
)
(c) 
$
2,587

Marketing revenues
288

 
56

 
43

 

 
387

Total revenues
2,131

 
449

 
415

 
(21
)
 
2,974

Income from equity method investments

 
62

 

 

 
62

Net gain on disposal of assets and other income
11

 
14

 
1

 
1

 
27

Less:
 
 
 
 
 
 
 
 
 
Production expenses
381

 
131

 
382

 

 
894

Marketing costs
292

 
54

 
41

 

 
387

Exploration expenses
126

 
75

 

 

 
201

Depreciation, depletion and amortization
1,317

 
135

 
97

 
23

 
1,572

Impairments

 

 

 
44

(d) 
44

Other expenses (a)
216

 
42

 
18

 
251

(e) 
527

Taxes other than income
128

 

 
10

 
7

 
145

Net interest and other

 

 

 
105

 
105

Income tax provision (benefit)
(112
)
 
24

 
(36
)
 
(26
)
(f) 
(150
)
Segment income (loss) / Net income (loss)
$
(206
)
 
$
64

 
$
(96
)
 
$
(424
)
 
$
(662
)
Capital expenditures (b)
$
1,484

 
$
245

 
$
37

 
$
14

 
$
1,780

(a) 
Includes other operating expenses and general and administrative expenses.
(b) 
Includes accruals.
(c) 
Unrealized loss on commodity derivative instruments.
(d) 
Proved property impairments (See Note 13).
(e) 
Includes pension settlement loss of $81 million and severance related expenses associated with workforce reductions of $43 million (see Note 8).
(f) 
Includes $135 million of deferred tax expense related to Alberta provincial corporate tax rate increase (see Note 9).