Segment Information

We have two reportable operating segments. Both of these segments are organized and managed based upon both geographic location and the nature of the products and services it offers.


•	United States E&P ("U.S. E&P") – explores for, produces and markets crude oil and condensate, NGLs and natural gas in the United States


•	International E&P ("Int’l E&P") – explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of the United States and produces and markets products manufactured from natural gas, such as LNG and methanol, in Equatorial Guinea (“E.G.”)

Information regarding assets by segment is not presented because it is not reviewed by the chief operating decision maker (“CODM”). Segment income (loss) represents income (loss) which excludes certain items not allocated to our operating segments, net of income taxes. A portion of our corporate and operations general and administrative support costs are not allocated to the operating segments. These unallocated costs primarily consist of employment costs (including pension effects), professional services, facilities and other costs associated with corporate and operations support activities. Additionally, items which affect comparability such as: gains or losses on dispositions, certain impairments, unrealized gains or losses on commodity derivative instruments, pension settlement losses or other items (as determined by the CODM) are not allocated to operating segments.



	Three Months Ended March 31, 2018
							Not Allocated
(In millions)	U.S. E&P			Int'l E&P			to Segments				Total
Revenues from contracts with customers	$	1,125		$	412		$	—			$	1,537
Net gain (loss) on commodity derivatives	(59		)	—			(43		)	^(b)	(102		)
Income from equity method investments	—			37			—				37
Net gain (loss) on disposal of assets	—			—			257			^(c)	257
Other income	3			1			—				4
Less:
Production expenses	151			67			(1		)		217
Other operating	111			19			—				130
Exploration	51			1			—				52
Depreciation, depletion and amortization	528			54			8				590
Impairments	—			—			8				8
Taxes other than income	64			—			—				64
General and administrative	36			9			55				100
Net interest and other	—			—			45				45
Other net periodic benefit costs	—			(2		)	5			^(d)	3
Income tax provision (benefit)	3			170			(5		)		168
Segment income (loss) / Income (loss) from continuing operations	$	125		$	132		$	99			$	356
Capital expenditures ^(a)	$	611		$	6		$	5			$	622


^(a)	Includes accruals.


^(b)	Unrealized loss on commodity derivative instruments (See Note 12).


^(c)	Primarily related to the gain on sale of our Libya subsidiary (See Note 5).


^(d)	Includes pension settlement loss of $4 million (See Note 16).



	Three Months Ended March 31, 2017
							Not Allocated
(In millions)	U.S. E&P			Int'l E&P			to Segments				Total
Revenue from contracts with customers	$	670		$	203		$	—			$	873
Net gain (loss) on commodity derivatives	4			—			77			^(b)	81
Marketing revenues	6			28			—				34
Income from equity method investments	—			69			—				69
Net gain (loss) on disposal of assets	1			—			—				1
Other income	4			10			—				14
Less:
Production expenses	109			44			—				153
Marketing costs	7			27			—				34
Other operating	74			15			—				89
Exploration	26			2			—				28
Depreciation, depletion and amortization	472			75			9				556
Impairments	4			—			—				4
Taxes other than income	39			—			—				39
General and administrative	33			6			58				97
Net interest and other	—			—			78				78
Other net periodic benefit costs	—			(2		)	12			^(c)	10
Income tax provision (benefit)	—			50			(16		)		34
Segment income (loss) / Income (loss) from continuing operations	$	(79	)	$	93		$	(64	)		$	(50	)
Capital expenditures ^(a)	$	349		$	9		$	1			$	359


^(a)	Includes accruals.


^(b)	Unrealized gain on commodity derivative instruments (See Note 12).


^(c)	Includes pension settlement loss of $14 million (See Note 16).