BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Financial Segment Information

Financial information for each segment is presented below:

	Egypt(1)		North Sea		U.S.		Altus Midstream		Intersegment Eliminations & Other		Total(2)
	Upstream
	(In millions)
2022
Oil revenues	$	3,145	$	1,232	$	2,458	$	—	$	—	$	6,835
Natural gas revenues	370		281		918		—		—		1,569
Natural gas liquids revenues	6		45		768		—		(3)		816
Oil, natural gas, and natural gas liquids production revenues	3,521		1,558		4,144		—		(3)		9,220
Purchased oil and gas sales	—		—		1,850		5		—		1,855
Midstream service affiliate revenues	—		—		—		16		(16)		—
	3,521		1,558		5,994		21		(19)		11,075
Operating Expenses:
Lease operating expenses	526		404		515		—		(1)		1,444
Gathering, processing, and transmission	22		43		315		5		(18)		367
Purchased oil and gas costs	—		—		1,776		—		—		1,776
Taxes other than income	—		—		265		3		—		268
Exploration(4)	84		35		24		—		162		305
Depreciation, depletion, and amortization	400		238		593		2		—		1,233
Asset retirement obligation accretion	—		82		34		1		—		117
	1,032		802		3,522		11		143		5,510
Operating Income (Loss)	$	2,489	$	756	$	2,472	$	10	$	(162)	5,565
Other Income (Expense):
Gain on divestitures, net											1,180
Losses on previously sold Gulf of Mexico properties											(157)
Derivative instrument losses, net											(114)
Other											148
General and administrative											(483)
Transaction, reorganization, and separation											(26)
Financing costs, net											(379)
Income Before Income Taxes											$	5,734
Total Assets(3)	$	3,148	$	1,911	$	7,574	$	—	$	514	$	13,147
Net Property and Equipment	$	1,976	$	1,386	$	5,226	$	—	$	424	$	9,012
Additions to Net Property and Equipment	$	695	$	210	$	1,439	$	—	$	263	$	2,607

	Egypt(1)		North Sea		U.S.		Altus Midstream		Intersegment Eliminations & Other		Total(2)
	Upstream
	(In millions)
2021
Oil revenues	$	1,806	$	929	$	1,850	$	—	$	—	$	4,585
Natural gas revenues	270		183		754		—		—		1,207
Natural gas liquids revenues	9		24		676		—		(3)		706
Oil, natural gas, and natural gas liquids production revenues	2,085		1,136		3,280		—		(3)		6,498
Purchased oil and gas sales	—		—		1,476		11		—		1,487
Midstream service affiliate revenues	—		—		—		127		(127)		—
	2,085		1,136		4,756		138		(130)		7,985
Operating Expenses:
Lease operating expenses	469		383		391		—		(2)		1,241
Gathering, processing, and transmission	12		39		309		32		(128)		264
Purchased oil and gas costs	—		—		1,575		5		—		1,580
Taxes other than income	—		—		190		14		—		204
Exploration(4)	63		34		28		—		30		155
Depreciation, depletion, and amortization	524		270		554		12		—		1,360
Asset retirement obligation accretion	—		79		30		4		—		113
Impairments	26		22		—		160		—		208
	1,094		827		3,077		227		(100)		5,125
Operating Income (Loss)	$	991	$	309	$	1,679	$	(89)	$	(30)	2,860
Other Income (Expense):
Gain on divestitures, net											67
Losses on previously sold Gulf of Mexico properties											(446)
Derivative instrument gains, net											94
Other											228
General and administrative											(376)
Transaction, reorganization, and separation											(22)
Financing costs, net											(514)
Income Before Income Taxes											$	1,891
Total Assets(3)	$	2,796	$	2,199	$	6,269	$	1,698	$	341	$	13,303
Net Property and Equipment	$	1,720	$	1,646	$	4,507	$	187	$	275	$	8,335
Additions to Net Property and Equipment	$	319	$	159	$	523	$	3	$	151	$	1,155

	Egypt(1)		North Sea		U.S.		Altus Midstream		Intersegment Eliminations & Other		Total(2)
	Upstream
	(In millions)
2020
Oil revenues	$	1,102	$	795	$	1,209	$	—	$	—	$	3,106
Natural gas revenues	280		67		251		—		—		598
Natural gas liquids revenues	8		21		304		—		—		333
Oil, natural gas, and natural gas liquids production revenues	1,390		883		1,764		—		—		4,037
Purchased oil and gas sales	—		—		394		4		—		398
Midstream service affiliate revenues	—		—		—		145		(145)		—
	1,390		883		2,158		149		(145)		4,435
Operating Expenses:
Lease operating expenses	424		305		400		—		(2)		1,127
Gathering, processing, and transmission	38		50		291		38		(143)		274
Purchased oil and gas costs	—		—		354		3		—		357
Taxes other than income	—		—		108		15		—		123
Exploration(4)	63		28		168		—		15		274
Depreciation, depletion, and amortization	601		380		779		12		—		1,772
Asset retirement obligation accretion	—		73		32		4		—		109
Impairments	529		7		3,963		2		—		4,501
	1,655		843		6,095		74		(130)		8,537
Operating Income (Loss)	$	(265)	$	40	$	(3,937)	$	75	$	(15)	(4,102)
Other Income (Expense):
Gain on divestitures, net											32
Derivative instrument losses, net											(223)
Other											64
General and administrative											(290)
Transaction, reorganization, and separation											(54)
Financing costs, net											(267)
Loss Before Income Taxes											$	(4,840)
Total Assets(3)	$	3,003	$	2,220	$	5,540	$	1,786	$	197	$	12,746
Net Property and Equipment	$	1,955	$	1,773	$	4,760	$	196	$	135	$	8,819
Additions to Net Property and Equipment	$	454	$	215	$	345	$	12	$	136	$	1,162

(1)Includes revenue from non-customers for the years ended December 31, 2022, 2021, and 2020 of:

	For the Year Ended December 31,
	2022		2021		2020
	(In millions)
Oil	$	989	$	420	$	95
Natural gas	117		47		14
Natural gas liquids	2		2		—

(2)Includes a noncontrolling interest in Egypt and Altus Midstream.

(3)Intercompany balances are excluded from total assets.

(4)Exploration expense under Intersegment Eliminations & Other primarily reflects the Company’s Suriname exploration activities.