Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Financial Segment Information

Financial information for each country is presented below:

	United											Other
	States			Canada			Egypt(1)		North Sea			International		Total(3)
	(In millions)
For the Quarter Ended June 30, 2015
Oil and Gas Production Revenues	$	767		$	138		$	664	$	383		$	—	$	1,952
Operating Income (Loss)(2)	$	(4,224	)	$	(886	)	$	214	$	(581	)	$	—	$	(5,477	)
Other Income (Expense):
Other															25
General and administrative															(111	)
Transaction, reorganization, and separation costs															(66	)
Financing costs, net															(63	)
Loss Before Income Taxes														$	(5,692	)
For the Six Months Ended June 30, 2015
Oil and Gas Production Revenues	$	1,427		$	271		$	1,196	$	696		$	—	$	3,590
Operating Income (Loss)(2)	$	(9,546	)	$	(2,314	)	$	318	$	(1,245	)	$	—	$	(12,787	)
Other Income (Expense):
Other															17
General and administrative															(193	)
Transaction, reorganization, and separation costs															(120	)
Financing costs, net															(133	)
Loss Before Income Taxes														$	(13,216	)
Total Assets	$	18,615		$	3,585		$	7,679	$	4,838		$	595	$	35,312
For the Quarter Ended June 30, 2014
Oil and Gas Production Revenues	$	1,529		$	293		$	989	$	660		$	—	$	3,471
Operating Income (Loss)(2)	$	679		$	47		$	585	$	(39	)	$	—	$	1,272
Other Income (Expense):
Derivative instrument gains (losses), net															(174	)
Other															(8	)
General and administrative															(113	)
Transaction, reorganization, and separation costs															(14	)
Financing costs, net															(52	)
Income Before Income Taxes														$	911
For the Six Months Ended June 30, 2014
Oil and Gas Production Revenues	$	3,034		$	611		$	1,939	$	1,278		$	—	$	6,862
Operating Income(2)	$	1,342		$	119		$	1,121	$	144		$	—	$	2,726
Other Income (Expense):
Derivative instrument gains (losses), net															(194	)
Other															9
General and administrative															(221	)
Transaction, reorganization, and separation costs															(32	)
Financing costs, net															(97	)
Income Before Income Taxes														$	2,191
Total Assets	$	31,547		$	6,842		$	7,264	$	6,713		$	534	$	52,900

⁽¹⁾  Includes a noncontrolling interest in Egypt.

⁽²⁾  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 operating income (loss) of U.S., Canada, and North Sea for the second quarter of 2015 includes non-cash write-downs of each region’s carrying value of oil and gas properties of $4.3 billion, $835 million and $663 million, respectively. For the first six months of 2015, operating income (loss) of U.S., Canada, and North Sea include non-cash write-downs of each region’s carrying value of oil and gas properties of $9.6 billion, $2.2 billion, and $1.3 billion, respectively. North Sea’s operating income (loss) for the second quarter and first six months of 2014 includes a $203 million non-cash write-down of the carrying value of oil and gas properties.

⁽³⁾  Amounts for 2014 have been restated to exclude Argentina and Australia discontinued operations. Total Assets for the 2014 periods also excludes $8.3 million of divested Australian assets.