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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Financial Segment Information
Financial information for each country is presented below:

 

    United
States
    Canada     Egypt     Australia     North Sea     Argentina     Other
International
    Total  
    (In millions)  

For the Quarter Ended

March 31, 2013

               

Oil and Gas Production Revenues

  $ 1,677     $ 297     $ 1,009     $ 298     $ 740     $ 125     $ —       $ 4,146  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating Income (Loss) (1)

  $ 585     $ (5   $ 658     $ 138     $ 246     $ (63   $ —       $ 1,559  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Other Income (Expense):

               

Other

                  (70

General and administrative

                  (116

Financing costs, net

                  (53
               

 

 

 

Income Before Income Taxes

                $ 1,320  
               

 

 

 

Total Assets

  $ 32,205     $ 6,935     $ 7,031     $ 6,729     $ 7,053     $ 1,729     $ 110     $ 61,792  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

For the Quarter Ended

March 31, 2012

               

Oil and Gas Production Revenues

  $ 1,550     $ 353     $ 1,249     $ 426     $ 742     $ 137     $ —       $ 4,457  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating Income (Loss) (1)

  $ 672     $ (487   $ 928     $ 250     $ 264     $ 28     $ —       $ 1,655  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

Other Income (Expense):

               

Other

                  79  

General and administrative

                  (128

Merger, acquisitions & transition

                  (6

Financing costs, net

                  (40
               

 

 

 

Income Before Income Taxes

                $ 1,560  
               

 

 

 

Total Assets

  $ 24,209     $ 8,372     $ 6,870     $ 5,334     $ 6,591     $ 1,773     $ 88     $ 53,237  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) 

Operating Income (Loss) consists of oil and gas production revenues less depreciation, depletion and amortization, asset retirement obligation accretion, lease operating expenses, gathering and transportation costs, and taxes other than income. Argentina’s operating loss for the first quarter ended March 31, 2013, includes additional depletion of $65 million to write-down the carrying value of oil and gas properties. Canada’s operating loss for the first quarter ended March 31, 2012, includes additional depletion of $521 million to write-down the carrying value of oil and gas properties.