Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Carrying Amount of Major Assets and Liabilities Associated with Disposition

The carrying amounts of the major classes of consolidated assets and liabilities associated with the Australia dispositions were as follows:

	December 31,
	2014
ASSETS
Current assets	$	1,992
Net property and equipment		6,516
Total assets	$	8,508
LIABILITIES
Current liabilities	$	606
Asset retirement obligations		517
Non-current deferred tax liability		922
Other long-term liabilities		33
Total liabilities	$	2,078

Australia Divestiture [Member]

Summary of Sales and Other Operating Revenue and Loss from Discontinued Operation Related to Disposition

Sales and other operating revenues and loss from discontinued operations related to the Australia dispositions were as follows:

	For the Quarter Ended						For the Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(In millions)
Revenues and other from discontinued operations	$	101		$	195		$	288		$	482
Loss on Woodside sale	$	(922	)	$	—		$	(922	)	$	—
Loss on Consortium sale		(1,329	)		—			(1,329	)		—
Income (loss) from divested Australian operations		(11	)		68			24			217
Income tax benefit (expense)		1,530			(12	)		1,363			(60	)
Income (loss) from Australian discontinued operations, net of tax	$	(732	)	$	56		$	(864	)	$	157

Argentina Divestiture [Member]

Summary of Sales and Other Operating Revenue and Loss from Discontinued Operation Related to Disposition

The results of operations during 2014 related to Argentina have been classified as discontinued operations in this Quarterly Report on Form 10-Q. The 2014 loss from Argentina discontinued operations of $517 million is included in “Net income (loss) from discontinued operations, net of tax” on the Consolidated Statement of Operations.

	For the Six Months Ended
	June 30,
	2015		2014
	(In millions)
Revenues and other from discontinued operations	$	—	$	87
Loss from Argentina divestiture		—		(539	)
Loss from operations in Argentina		—		(1	)
Income tax benefit		—		23
Loss from discontinued operations, net of tax	$	—	$	(517	)