BUSINESS SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2013
Oil and Gas Production Revenues	$	2,029	$	325		$	1,022	$	279	$	633	$	121		$	—		$	4,409
Operating Income (Loss) (1)	$	310	$	4		$	658	$	117	$	186	$	(115	)	$	(76	)	$	1,084
Other Income (Expense):
Derivative instrument gains (losses), net																			(422	)
Other																			32
General and administrative																			(127	)
Financing costs, net																			(51	)
Income Before Income Taxes																		$	516
For the Nine Months Ended September 30, 2013
Oil and Gas Production Revenues	$	5,543	$	952		$	2,924	$	867	$	2,025	$	363		$	—		$	12,674
Operating Income (Loss) (1)	$	1,607	$	17		$	1,827	$	373	$	634	$	(181	)	$	(76	)	$	4,201
Other Income (Expense):
Derivative instrument gains (losses), net																			(275	)
Other																			79
General and administrative																			(376	)
Financing costs, net																			(155	)
Income Before Income Taxes																		$	3,474
Total Assets	$	29,503	$	7,083		$	7,142	$	7,567	$	7,292	$	1,598		$	54		$	60,239
For the Quarter Ended September 30, 2012
Oil and Gas Production Revenues	$	1,533	$	318		$	1,143	$	397	$	624	$	126		$	—		$	4,141
Operating Income (Loss)(1)	$	495	$	(744	)	$	781	$	231	$	236	$	6		$	(7	)	$	998
Other Income (Expense):
Other																			38
General and administrative																			(124	)
Merger, acquisitions & transition																			(7	)
Financing costs, net																			(40	)
Income Before Income Taxes																		$	865
For the Nine Months Ended September 30, 2012
Oil and Gas Production Revenues	$	4,525	$	966		$	3,403	$	1,211	$	2,060	$	389		$	—		$	12,554
Operating Income (Loss) (1)	$	1,692	$	(1,903	)	$	2,380	$	683	$	752	$	51		$	(14	)	$	3,641
Other Income (Expense):
Other																			133
General and administrative																			(384	)
Merger, acquisitions & transition																			(29	)
Financing costs, net																			(125	)
Income Before Income Taxes																		$	3,236
Total Assets	$	29,786	$	7,349		$	7,208	$	5,876	$	6,581	$	1,823		$	187		$	58,810

⁽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. The U.S. operating loss includes a $552 million non-cash write-down for the quarter and nine months ended September 30, 2013. Argentina’s operating loss for the quarter and first nine months of 2013 includes additional depletion of $116 million and $181 million, respectively, to write-down the carrying value of oil and gas properties. Canada’s operating loss for the third quarter and first nine months of 2012 includes additional depletion of $721 million and $1.9 billion, respectively, to write-down the carrying value of oil and gas properties. Separately, in the third quarter of 2013 the Company exited operations in Kenya and recorded $75 million to additional DD&A associated with the impairment of the carrying value of the Kenyan oil and gas property leases.