Revenue

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

6.  Revenue

Revenue from contracts with customers on a disaggregated basis was as follows (in millions):

	Exploration and Production								Midstream		Eliminations		Total
	United States		Guyana		Malaysia and JDA		E&P Total
Three Months Ended March 31, 2024
Sales of net production volumes:
Crude oil revenue	$	789	$	1,510	$	29	$	2,328	$	—	$	—	$	2,328
Natural gas liquids revenue	153		—		—		153		—		—		153
Natural gas revenue	48		—		211		259		—		—		259
Sales of purchased oil and gas	533		30		—		563		—		—		563
Third-party services	—		—		—		—		5		—		5
Intercompany revenue	—		—		—		—		350		(350)		—
Total sales (a)	1,523		1,540		240		3,303		355		(350)		3,308
Other operating revenues (b)	—		—		—		—		1		—		1
Total sales and other operating revenues	$	1,523	$	1,540	$	240	$	3,303	$	356	$	(350)	$	3,309
Three Months Ended March 31, 2023
Sales of net production volumes:
Crude oil revenue	$	669	$	825	$	29	$	1,523	$	—	$	—	$	1,523
Natural gas liquids revenue	141		—		—		141		—		—		141
Natural gas revenue	54		—		180		234		—		—		234
Sales of purchased oil and gas	527		17		—		544		—		—		544
Intercompany revenue	—		—		—		—		303		(303)		—
Total sales (a)	1,391		842		209		2,442		303		(303)		2,442
Other operating revenues (b)	(26)		(7)		—		(33)		2		—		(31)
Total sales and other operating revenues	$	1,365	$	835	$	209	$	2,409	$	305	$	(303)	$	2,411

(a)Guyana crude oil revenue includes $252 million of revenue from non-customers for the three months ended March 31, 2024 (2023: $108 million).

(b)Other operating revenues are not a component of revenues from contracts with customers. Included within other operating revenues are gains (losses) on commodity derivatives of nil for the three months ended March 31, 2024 (2023: $(34) million).

There have been no significant changes to contracts with customers or the composition thereof during the three months ended

March 31, 2024.  Generally, we receive payments from customers on a monthly basis, shortly after the physical delivery of the crude oil, natural gas liquids, or natural gas. At March 31, 2024 and December 31, 2023, there were no contract assets or liabilities.