XML 80 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Year Ended December 31, 2022
(In millions)U.S. Int’l Not Allocated to SegmentsTotal
Revenues from contracts with customers$7,268 $272 $— $7,540 
Net gain (loss) on commodity derivatives(132)— 18 
(b)
(114)
Income from equity method investments— 613 — 613 
Net loss on disposal of assets— — (38)
(c)
(38)
Other income19 7 9 35 
Less costs and expenses:
Production 625 65 — 690 
Shipping, handling and other operating665 18 50 733 
Exploration36 — 74 
(d)
110 
Depreciation, depletion and amortization1,675 60 18 1,753 
Impairments— — 7 7 
Taxes other than income475 — 9 484 
General and administrative131 13 164 308 
Net interest and other— — 188 
(e)
188 
Other net periodic benefit credit— — (16)(16)
Income tax provision (benefit)808 151 (792)
(f)
167 
Segment income$2,740 $585 $287 $3,612 
Total assets$18,429 $1,157 $354 $19,940 
Capital expenditures(a)
$1,463 $2 $15 $1,480 
(a)Includes accruals and excludes acquisitions.
(b)Unrealized gain on commodity derivative instruments (See Note 15).
(c)Includes $39 million in losses resulting from exchanges of unproved acreage in the Permian.
(d)Includes dry well costs and unproved property impairments of $48 million for Louisiana exploration leases and $25 million for Permian exploration leases (See Note 10 and Note 11).
(e)Includes a $17 million gain on our 2025 interest rate swaps (See Note 15).
(f)Includes a $685 million benefit related to the partial release of our valuation allowance (See Note 7).
Year Ended December 31, 2021
(In millions)U.S. Int’l Not Allocated to SegmentsTotal
Revenues from contracts with customers$5,334 $267 $— $5,601 
Net gain (loss) on commodity derivatives(399)— 16 
(b)
(383)
Income from equity method investments— 253 — 253 
Net loss on disposal of assets— — (19)
(c)
(19)
Other income7 4 4 15 
Less costs and expenses:
Production 480 54 — 534 
Shipping, handling and other operating686 16 25 727 
Exploration65 — 71 
(d)
136 
Depreciation, depletion and amortization1,972 68 26 2,066 
Impairments— — 60 
(e)
60 
Taxes other than income346 — (1)345 
General and administrative107 13 171 
(f)
291 
Net interest and other— — 188 
(g)
188 
Other net periodic benefit credit— — (5)(5)
Loss on early extinguishment of debt— — 121 
(h)
121 
Income tax provision (benefit)9 56 (7)

58 
Segment income (loss)$1,277 $317 $(648)$946 
Total assets$15,339 $994 $661 $16,994 
Capital expenditures(a)
$1,018 $— $14 $1,032 
(a)Includes accruals and excludes acquisitions.
(b)Unrealized gain on commodity derivative instruments (See Note 15).
(c)Includes a $20 million loss associated with a previously divested non-core conventional asset, a $12 million pre-tax loss associated with a reduction in our ownership interest in EG LNG (See Note 23) and an $8 million gain on various well bore assignments in Permian and Bakken.
(d)Includes unproved property impairments of $20 million for Louisiana exploration leases and $16 million related to the disposition of a lease in Permian. (See Note 11). Also includes $28 million of expense associated with drilled and uncompleted wells, primarily in Permian, due to a change in our plan of development.
(e)Includes impairments of $24 million for central facilities in Eagle Ford (See Note 11), $5 million for proved properties in Permian (See Note 11) and $30 million associated with decommissioning costs for non-producing long-lived assets in GOM (See Note 11, Note 12, and Note 25)
(f)Includes $13 million associated with the termination of an aircraft lease agreement and $12 million arising from severance expenses associated with a workforce reduction.
(g)Includes a $28 million gain on our 2022 interest rate swaps and a $27 million gain on our 2025 interest rate swaps (See Note 15).
(h)Represents costs related to a make-whole provision premium and the write off of unamortized discount and issuance costs in regards to the redemption of the 2022 Notes in April 2021 and 2025 Notes in September 2021 (See Note 17).
Year Ended December 31, 2020
(In millions)U.S. Int’l Not Allocated to SegmentsTotal
Revenues from contracts with customers$2,924 $173 $— $3,097 
Net gain (loss) on commodity derivatives143 — (27)
(b)
116 
Income (loss) from equity method investments— 10 (171)
(c)
(161)
Net gain on disposal of assets— — 9 9 
Other income15 7 3 25 
Less costs and expenses:
Production 494 59 2 555 
Shipping, handling and other operating534 8 54 596 
Exploration97 — 84 
(d)
181 
Depreciation, depletion and amortization2,211 82 23 2,316 
Impairments— — 144 
(e)
144 
Taxes other than income193 — 7 200 
General and administrative115 14 145 
(f)
274 
Net interest and other— — 256 256 
Other net periodic benefit cost— — 1 
(g)
1 
Loss on early extinguishment of debt— — 28 28 
Income tax benefit(9)(3)(2)(14)
Segment income (loss)$(553)$30 $(928)$(1,451)
Total assets$16,063 $1,081 $812 $17,956 
Capital expenditures(a)
$1,137 $1 $13 $1,151 
(a)Includes accruals and excludes acquisitions.
(b)Unrealized loss on commodity derivative instruments (See Note 15).
(c)Partial impairment of investment in equity method investee (See Note 23).
(d)Primarily related to unproved property impairments of non-core acreage in our United States segment.
(e)Includes the full impairment of the International reporting unit goodwill of $95 million (See Note 14) and proved property impairments of $49 million related to a damaged well in our United States segment.
(f)Includes severance expenses associated with workforce reductions of $17 million.
(g)Includes pension settlement loss of $30 million and pension curtailment gain of $17 million (See Note 19).
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country The following summarizes our balances of property, plant and equipment and equity method investments as of:
December 31,
(In millions)20222021
United States$17,088 $14,152 
Equatorial Guinea866 797 
Total long-lived assets$17,954 $14,949