Segment Information (Tables)

12 Months Ended

Dec. 31, 2018



	Year Ended December 31, 2018
							Not Allocated
(In millions)	U.S.			Int'l			to Segments				Total
Revenues from contracts with customers	$	4,886		$	1,016		$	—			$	5,902
Net gain (loss) on commodity derivatives	(281		)	—			267			^(b)	(14		)
Income from equity method investments	—			225			—				225
Net gain (loss) on disposal of assets	—			—			319			^(c)	319
Other income	16			12			122			^(d)	150
Less costs and expenses:
Production	625			215			2				842
Shipping, handling and other operating	499			70			6				575
Exploration	246			3			40			^(e)	289
Depreciation, depletion and amortization	2,217			197			27				2,441
Impairments	—			—			75			^(f)	75
Taxes other than income	301			—			(2		)		299
General and administrative	146			32			216				394
Net interest and other	—			—			226				226
Other net periodic benefit costs	—			(9		)	23			^(g)	14
Income tax provision (benefit)	(21		)	272			80				331
Segment income (loss) / Income (loss) from continuing operations	$	608		$	473		$	15			$	1,096
Capital expenditures^(a)	$	2,620		$	39		$	26			$	2,685


^(a)	Includes accruals.


^(b)	Unrealized gain on commodity derivative instruments (see Note 14).


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

^(d)Primarily a reduction of asset retirement obligations in our International segment (see Note 12).


^(e)	Primarily related to dry well expense and unproved property impairment associated with the Rodo well in Alba Block Sub Area B, offshore E.G. (see Note 10).


^(f)	Due to the anticipated sales of certain non-core proved properties in our International and United States segments (see Note 11).


^(g)	Includes pension settlement loss of $21 million (see Note 18).



	Year Ended December 31, 2017
							Not Allocated
(In millions)	U.S.			Int'l			to Segments				Total
Revenues from contracts with customers	$	3,093		$	1,154		$	—			$	4,247
Net gain (loss) on commodity derivatives	45			—			(81		)	^(b)	(36		)
Marketing revenues	29			133			—				162
Income from equity method investments	—			256			—				256
Net gain on disposal of assets	1			—			57			^(c)	58
Other income	12			6			60				78
Less costs and expenses:
Production	476			239			1				716
Marketing	36			132			—				168
Shipping, handling, and other operating	354			77			—				431
Exploration	154			5			250			^(d)	409
Depreciation, depletion and amortization	2,011			328			33				2,372
Impairments	4			—			225			^(e)	229
Taxes other than income	173			—			10				183
General and administrative	119			30			222				371
Net interest and other	—			—			270			^(f)	270
Other net periodic benefit costs	—			(8		)	27			^(g)	19
Loss on early extinguishment of debt	—			—			51			^(h)	51
Income tax provision (benefit)	1			372			3				376
Segment income (loss) / Income (loss) from continuing operations	$	(148	)	$	374		$	(1,056	)		$	(830	)
Capital expenditures^(a)	$	2,081		$	42		$	27			$	2,150


^(a)	Includes accruals.


^(b)	Unrealized loss on commodity derivative instruments (see Note 14).


^(c)	Primarily related to the sale of certain conventional assets in Oklahoma and Colorado(see Note 5).

^(d)Primarily related to unproved property impairments associated with certain non-core properties within our International segment (see Note 11).


^(e)	Primarily related to proved property impairments associated with certain non-core properties within our International segment (see Note 11).


^(f)	Includes a gain of $46 million resulting from the termination of our forward starting interest rate swaps (see Note 14).


^(g)	Includes pension settlement loss of $32 million (see Note 18).


^(h)	Primarily related to the make-whole call provisions paid upon redemption of our senior unsecured notes (see Note 16).



	Year Ended December 31, 2016
							Not Allocated
(In millions)	U.S.			Int'l			to Segments				Total
Revenues from contracts with customers	$	2,331		$	665		$	—			$	2,996
Net gain (loss) on commodity derivatives	44			—			(110		)	^(b)	(66		)
Marketing revenues	135			105			—				240
Income from equity method investments	—			175			—				175
Net gain (loss) on disposal of assets	8			2			379			^(c)	389
Other income	20			30			3				53
Less costs and expenses:
Production	486			234			—				720
Marketing costs	142			103			—				245
Shipping, handling, and other operating	328			43			113			^(d)	484
Exploration	127			17			179			^(e)	323
Depreciation, depletion and amortization	1,835			276			45				2,156
Impairments	20			—			47			^(f)	67
Taxes other than income	149			—			2				151
General and administrative	94			30			247				371
Net interest and other	—			—			332				332
Other net periodic benefit costs	—			(3		)	105			^(g)	102
Income tax provision (benefit)	(228		)	49			1,102			^(h)	923
Segment income (loss) / Income (loss) from continuing operations	$	(415	)	$	228		$	(1,900	)		$	(2,087	)
Capital expenditures^(a)	$	936		$	82		$	18			$	1,036


^(a)	Includes accruals.


^(b)	Unrealized loss on commodity derivative instruments (see Note 14).


^(c)	Primarily related to net gain on disposal of assets (see Note 5).


^(d)	Includes termination payment on our Gulf of Mexico deepwater drilling rig commitment of $113 million.


^(e)	Primarily related to impairments associated with the decision to not drill remaining Gulf of Mexico undeveloped leases(see Note 11).

^(f)Proved property impairments (see Note 11).


^(g)	Includes pension settlement loss of $103 million (see Note 18).


^(h)	Increased valuation allowance on certain of our deferred tax assets of $1,346 million.

The following summarizes revenues from external customers by geographic area.

The following summarizes total revenues from external customers (including commodity derivatives) by product line.

The following summarizes property, plant and equipment and equity method investments.