XML 52 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Three Months Ended March 31, 2019
 
 
Not Allocated
 
 
(In millions)
U.S.
 
Int'l
 
to Segments
 
Total
Revenues from contracts with customers
$
1,062

 
$
138

 
$

 
$
1,200

Net gain (loss) on commodity derivatives
22

 

 
(113
)
(b) 
(91
)
Income from equity method investments

 
11

 

 
11

Net gain on disposal of assets

 

 
42

(c) 
42

Other income
1

 
3

 
31

(d) 
35

Less costs and expenses:

 

 

 

Production
139

 
50

 
(2
)
 
187

Shipping, handling and other operating
140

 
13

 
1

 
154

Exploration
59

 

 

 
59

Depreciation, depletion and amortization
514

 
34

 
6


554

Impairments

 

 
6

(e) 
6

Taxes other than income
74

 

 
(2
)
 
72

General and administrative
29

 
7

 
58

 
94

Net interest and other

 

 
49

 
49

Other net periodic benefit costs

 
(2
)
 
(3
)

(5
)
Income tax benefit
(2
)
 
(11
)
 
(134
)
(f) 
(147
)
Segment income
$
132

 
$
61

 
$
(19
)
 
$
174

Capital expenditures(a)
$
606

 
$
5

 
$
3

 
$
614

(a) 
Includes accruals.
(b) 
Unrealized loss on commodity derivative instruments (See Note 13).
(c) 
Primarily related to the sale of our working interest in the Droshky field (Gulf of Mexico), which closed during the first quarter of 2019.
(d) 
Primarily related to the indemnification of certain tax liabilities in connection with the 2010-2011 Federal Tax Audit with the IRS (See Note 7).
(e) 
Due to the anticipated sale of our non-operated interest in the Atrush block in Kurdistan (See Note 10).
(f) 
Primarily relates to the settlement of the 2010-2011 Federal Tax Audit with the IRS (See Note 7).




 
Three Months Ended March 31, 2018
 
 
Not Allocated
 
 
(In millions)
U.S.
 
Int'l
 
to Segments
 
Total
Revenue from contracts with customers
$
1,125

 
$
412

 
$

 
$
1,537

Net loss on commodity derivatives
(59
)
 

 
(43
)
(b) 
(102
)
Income from equity method investments

 
37

 

 
37

Net gain on disposal of assets

 

 
257

(c) 
257

Other income
3

 
1

 

 
4

Less costs and expenses:
 
 
 
 
 
 
 
Production
151

 
67

 
(1
)
 
217

Shipping, handling and 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
$
125

 
$
132

 
$
99

 
$
356

Capital expenditures(a)
$
611

 
$
6

 
$
5

 
$
622

(a) 
Includes accruals.
(b) 
Unrealized loss on commodity derivative instruments (See Note 13).
(c) 
Primarily related to the gain on the sale of our Libya subsidiary (See Note 4).
(d) 
Includes pension settlement loss of $4 million (See Note 18).