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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
 
Three Months Ended June 30, 2018
 
 
Not Allocated
 
 
(In millions)
U.S. E&P
 
Int'l E&P
 
to Segments
 
Total
Revenues from contracts with customers
$
1,221

 
$
226

 
$

 
$
1,447

Net gain (loss) on commodity derivatives
(107
)
 

 
(45
)
(b) 
(152
)
Income from equity method investments

 
60

 

 
60

Net gain (loss) on disposal of assets

 

 
50

 
50

Other income
2

 
2

 
8

 
12

Less:
 
 
 
 
 
 
 
Production expenses
153

 
52

 

 
205

Shipping, handling and other operating
117

 
10

 
(1
)
 
126

Exploration
64

 
1

 

 
65

Depreciation, depletion and amortization
556

 
50

 
6

 
612

Impairments

 

 
34

(c) 
34

Taxes other than income
68

 

 
(3
)
 
65

General and administrative
35

 
9

 
61

 
105

Net interest and other

 

 
65

 
65

Other net periodic benefit costs

 
(2
)
 
2

(d) 

Income tax provision (benefit)

 
26

 
18

 
44

Segment income (loss) / Income (loss) from continuing operations
$
123

 
$
142

 
$
(169
)
 
$
96

Capital expenditures (a)
$
641

 
$
16

 
$
5

 
$
662


(a) 
Includes accruals.
(b) 
Unrealized loss on commodity derivative instruments (See Note 12).
(c) 
Primarily a result of anticipated sales of certain non-core proved properties in our International and United States E&P segments (See Note 11).
(d) 
Includes pension settlement loss of $2 million (See Note 16).


 
Three Months Ended June 30, 2017
 
 
Not Allocated
 
 
(In millions)
U.S. E&P
 
Int'l E&P
 
to Segments
 
Total
Revenues from contracts with customers
$
682

 
$
220

 
$

 
$
902

Net gain (loss) on commodity derivatives
13

 

 
43

(b) 
56

Marketing revenues
7

 
28

 

 
35

Income from equity method investments

 
51

 

 
51

Net gain on disposal of assets

 

 
6

 
6

Other income
2

 
4

 
3

 
9

Less:
 
 
 
 
 
 
 
Production expenses
118

 
60

 

 
178

Marketing costs
9

 
29

 

 
38

Shipping, handling and other operating
96

 
13

 
2

 
111

Exploration
30

 

 

 
30

Depreciation, depletion and amortization
495

 
89

 
8

 
592

Taxes other than income
33

 

 
12

 
45

General and administrative
30

 
9

 
51

 
90

Net interest and other

 

 
86

 
86

Other net periodic benefit costs

 
(2
)
 
3

(c) 
1

Income tax provision (benefit)

 
46

 
(5
)
 
41

Segment income (loss) / Income (loss) from continuing operations
$
(107
)
 
$
59

 
$
(105
)
 
$
(153
)
Capital expenditures (a)
$
575

 
$
14

 
$
10

 
$
599


(a) 
Includes accruals.
(b) 
Unrealized gain on commodity derivative instruments (See Note 12).
(c) 
Includes pension settlement loss of $3 million (See Note 16).
 
Six Months Ended June 30, 2018
 
 
Not Allocated
 
 
(In millions)
U.S. E&P
 
Int'l E&P
 
to Segments
 
Total
Revenues from contracts with customers
$
2,346

 
$
638

 
$

 
$
2,984

Net gain (loss) on commodity derivatives
(166
)
 

 
(88
)
(b) 
(254
)
Income from equity method investments

 
97

 

 
97

Net gain (loss) on disposal of assets

 

 
307

(c) 
307

Other income
5

 
3

 
8

 
16

Less:

 

 

 

Production expenses
304

 
119

 
(1
)
 
422

Shipping, handling and other operating
228

 
29

 
(1
)
 
256

Exploration
115

 
2

 

 
117

Depreciation, depletion and amortization
1,084

 
104

 
14


1,202

Impairments

 

 
42

(d) 
42

Taxes other than income
132

 

 
(3
)
 
129

General and administrative
71

 
18

 
116

 
205

Net interest and other

 

 
110

 
110

Other net periodic benefit costs

 
(4
)
 
7

(e) 
3

Income tax provision (benefit)
3

 
196

 
13

 
212

Segment income (loss) / Income (loss) from continuing operations
$
248

 
$
274

 
$
(70
)
 
$
452

Capital expenditures (a)
$
1,252

 
$
22

 
$
10

 
$
1,284

(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) 
Primarily a result of anticipated sales of certain non-core proved properties in our International and United States E&P segments (See Note 11).
(e) 
Includes pension settlement loss of $6 million (See Note 16).


 
Six Months Ended June 30, 2017
 
 
Not Allocated
 
 
(In millions)
U.S. E&P
 
Int'l E&P
 
to Segments
 
Total
Revenue from contracts with customers
$
1,352

 
$
423

 
$

 
$
1,775

Net gain (loss) on commodity derivatives
17

 

 
120

(b) 
137

Marketing revenues
13

 
56

 

 
69

Income from equity method investments

 
120

 

 
120

Net gain (loss) on disposal of assets
1

 

 
6

 
7

Other income
6

 
14

 
3

 
23

Less:
 
 
 
 
 
 
 
Production expenses
227

 
104

 

 
331

Marketing costs
16

 
56

 

 
72

Shipping, handling and other operating
170

 
28

 
2

 
200

Exploration
56

 
2

 

 
58

Depreciation, depletion and amortization
967

 
164

 
17

 
1,148

Impairments
4

 

 

 
4

Taxes other than income
72

 

 
12

 
84

General and administrative
63

 
15

 
109

 
187

Net interest and other

 

 
164

 
164

Other net periodic benefit costs

 
(4
)
 
15

(c) 
11

Income tax provision (benefit)

 
96

 
(21
)
 
75

Segment income (loss) / Income (loss) from continuing operations
$
(186
)
 
$
152

 
$
(169
)
 
$
(203
)
Capital expenditures (a)
$
924

 
$
23

 
$
11

 
$
958

(a) 
Includes accruals.
(b) 
Unrealized gain on commodity derivative instruments (See Note 12).
(c) 
Includes pension settlement loss of $17 million (See Note 16).