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Acquisitions and Divestitures (Tables) - Divestiture [Member]
12 Months Ended
Dec. 31, 2015
Argentina [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 Argentina disposition were as follows:

 

     For the Year Ended December 31,  
         2015              2014              2013      
     (In millions)  

Revenues and other from discontinued operations

    $                 -        $             87        $         494   
  

 

 

    

 

 

    

 

 

 

Loss from Argentina divestiture

            (539)          

Income (loss) from operations in Argentina

            (1)         (192)   

Income tax benefit

            23        -  
  

 

 

    

 

 

    

 

 

 

Income (loss) from discontinued operations, net of tax

    $       $ (517)        $ (192)   
  

 

 

    

 

 

    

 

 

 
Australia [Member]  
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  
     (In millions)  

ASSETS

  

Current assets

    $                 1,992   

Oil and gas assets, net

     5,639   

GTP and other assets, net

     877   
  

 

 

 

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   
  

 

 

 
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 Year Ended December 31,  
    2015    

 

  2014    

 

  2013  
    (In millions)  

Revenues and other from discontinued operations

  $ 288        $ 1,050        $ 1,121   
 

 

 

   

 

 

 

 

   

 

 

 

 

 

Loss on Woodside sale

  $ (922)        $       $  

Loss on Consortium sale

    (1,329)                   

Income (loss) from divested Australian operations

    24          (97)          496   

Income tax benefit (expense)

            1,456          (974)                      4   
 

 

 

   

 

 

 

 

   

 

 

 

 

 

Income (loss) from Australian discontinued operations, net of tax

  $ (771)        $ (1,071)        $ 500