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Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Financial Segment Information
Financial information for each country is presented below:
 
 
 
United
States
 
Canada
 
Egypt(1)
 
North Sea
 
Other
International
 
Total(3)
 
 
(In millions)
For the Quarter Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Oil and Gas Production Revenues
 
$
520

 
$
73

 
$
542

 
$
251

 
$
—

 
$
1,386

Operating Income (Loss)(2)
 
$
(109
)
 
$
(57
)
 
$
220

 
$
(115
)
 
$
—

 
$
(61
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
17

Other
 
 
 
 
 
 
 
 
 
 
 
(21
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
(103
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(9
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(104
)
Loss Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
(281
)
For the Six Months Ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Oil and Gas Production Revenues
 
$
929

 
$
156

 
$
934

 
$
454

 
$
—

 
$
2,473

Operating Income (Loss)(2)
 
$
(267
)
 
$
(118
)
 
$
261

 
$
(101
)
 
$
(1
)
 
$
(226
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
16

Other
 
 
 
 
 
 
 
 
 
 
 
(24
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
(196
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(24
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(209
)
Loss Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
(663
)
Total Assets
 
$
12,383

 
$
2,070

 
$
5,520

 
$
4,326

 
$
47

 
$
24,346

 
 
United
States
 
Canada
 
Egypt(1)
 
North Sea
 
Other
International
 
Total(3)
 
 
(In millions)
For the Quarter Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Oil and Gas Production Revenues
 
$
767

 
$
138

 
$
703

 
$
383

 
$
—

 
$
1,991

Operating Income (Loss)(2)
 
$
(363
)
 
$
(78
)
 
$
335

 
$
(40
)
 
$
(1
)
 
$
(147
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
227

Other
 
 
 
 
 
 
 
 
 
 
 
28

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(111
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(66
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(117
)
Loss From Continuing Operations Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
(186
)
For the Six Months Ended June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Oil and Gas Production Revenues
 
$
1,427

 
$
271

 
$
1,256

 
$
696

 
$
—

 
$
3,650

Operating Income (Loss)(2)
 
$
(2,382
)
 
$
(174
)
 
$
499

 
$
(72
)
 
$
(1
)
 
$
(2,130
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
209

Other
 
 
 
 
 
 
 
 
 
 
 
22

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(195
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(120
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(241
)
Loss From Continuing Operations Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
(2,455
)
Total Assets
 
$
20,367

 
$
3,932

 
$
7,435

 
$
4,488

 
$
580

 
$
36,802

(1)
Includes a noncontrolling interest in Egypt.
(2)
Operating Income (Loss) consists of oil and gas production revenues less lease operating expenses, gathering and transportation costs, taxes other than income, exploration costs, depreciation, depletion, and amortization, asset retirement obligation accretion, and impairments. The operating income (loss) of U.S., Canada, and North Sea includes asset impairments totaling $125 million, $9 million, and $105 million, respectively, for the second quarter of 2016. The operating income (loss) of U.S., Canada, and North Sea includes asset impairments totaling $166 million, $10 million, and $105 million, respectively, for the first six months of 2016. The operating income (loss) of U.S., Canada, Egypt, and North Sea includes asset impairments totaling $465 million, $27 million, $5 million, and $163 million, respectively, for the second quarter of 2015. The operating income (loss) of U.S., Canada, Egypt, and North Sea include asset impairments totaling $2.4 billion, $54 million, $267 million, and $13 million, respectively, for the first six months of 2015.
(3)
Amounts for 2015 have been restated to exclude Australia discontinued operations.