Revenue (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of Revenue from Contracts with Customers on a Disaggregated Basis

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).