SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Asset Impairments Recorded in Connection with Fair Value Assessment

The following table presents a summary of asset impairments recorded in connection with fair value assessments:

	For the Year Ended December 31,
	2021		2020		2019
	(In millions)
Oil and gas proved property	$	—	$	4,319	$	1,484
Gathering, processing, and transmission facilities	—		68		1,295
Equity method interests	160		—		—
Divested unproved properties and leasehold	—		—		149
Goodwill	—		87		—
Inventory and other	48		27		21
Total Impairments	$	208	$	4,501	$	2,949

Schedule of Allowance for Doubtful Accounts

The following table presents changes to the Company’s allowance for credit loss:

	For the Year Ended December 31,
	2021		2020		2019
	(In millions)
Allowance for credit loss at beginning of year	$	95	$	88	$	92
Additional provisions for the year	19		7		3
Uncollectible accounts written off, net of recoveries	(5)		—		(7)
Allowance for credit loss at end of year	$	109	$	95	$	88

Schedule of Non-cash Impairments of Proved and Unproved Properties

The following table represents non-cash impairments charges of the carrying value of the Company’s proved and unproved properties:

	For the Year Ended December 31,
	2021		2020		2019
	(In millions)
Proved properties:
U.S.	$	—	$	3,938	$	1,484
Egypt	—		374		—
North Sea	—		7		—
Total proved properties	$	—	$	4,319	$	1,484
Unproved properties:
U.S.	$	22	$	92	$	760
Egypt	8		8		8
North Sea	1		1		—
Total unproved properties	$	31	$	101	$	768

Schedule of Goodwill

The following presents the changes to goodwill for the years ended 2020 and 2019:

	Egypt		Total
	(In millions)
Goodwill at December 31, 2018	$	87	$	87
Impairments	—		—
Goodwill at December 31, 2019	87		87
Impairments	(87)		(87)
Goodwill at December 31, 2020	$	—	$	—