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BUSINESS SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Financial Segment Information
Financial information for each area is presented below:
 
 
United
States
 
Canada(1)
 
Egypt(2,3)
 
North Sea
 
Other
International
 
Total
 
 
(In millions)
For the Quarter Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 

Oil revenues
 
$
607

 
$

 
$
649

 
$
320

 
$

 
$
1,576

Natural gas revenues
 
96

 

 
89

 
27

 

 
212

Natural gas liquids revenues
 
139

 

 
4

 
5

 

 
148

Total Oil and Gas Production Revenues
 
$
842

 
$

 
$
742

 
$
352

 
$

 
$
1,936

Operating Income (Loss)(4)
 
$
192

 
$

 
$
401

 
$
146

 
$
(1
)
 
$
738

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
2

Other(5)
 
 
 
 
 
 
 
 
 
 
 
(9
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
(117
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(12
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(94
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
508

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
1,160

 
$

 
$
1,218

 
$
591

 
$

 
$
2,969

Natural gas revenues
 
206

 

 
177

 
51

 

 
434

Natural gas liquids revenues
 
250

 

 
7

 
9

 

 
266

Total Oil and Gas Production Revenues
 
$
1,616

 
$

 
$
1,402

 
$
651

 
$

 
$
3,669

Operating Income (Loss)(4)
 
$
376

 
$

 
$
737

 
$
214

 
$
(2
)
 
$
1,325

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
9

Other(5)
 
 
 
 
 
 
 
 
 
 
 
(2
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
(231
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(12
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(193
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
896

Total Assets
 
$
14,250

 
$

 
$
4,471

 
$
3,148

 
$
41

 
$
21,910

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
United
States
 
Canada(1)
 
Egypt(2,3)
 
North Sea
 
Other
International
 
Total
 
 
(In millions)
For the Quarter Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
355

 
$
47

 
$
423

 
$
225

 
$

 
$
1,050

Natural gas revenues
 
84

 
40

 
95

 
14

 

 
233

Natural gas liquids revenues
 
52

 
6

 
3

 
2

 

 
63

Total Oil and Gas Production Revenues
 
$
491

 
$
93

 
$
521

 
$
241

 
$

 
$
1,346

Operating Income (Loss)(6)
 
$
(17
)
 
$
(18
)
 
$
213

 
$
4

 
$
(2
)
 
$
180

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Loss on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
(21
)
Other
 
 
 
 
 
 
 
 
 
 
 
59

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(106
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(4
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(99
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
9

 
 
 
 
 
 
 
 
 
 
 
 
 
For the Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
752

 
$
96

 
$
909

 
$
465

 
$

 
$
2,222

Natural gas revenues
 
169

 
85

 
197

 
37

 

 
488

Natural gas liquids revenues
 
122

 
14

 
6

 
6

 

 
148

Total Oil and Gas Production Revenues
 
$
1,043

 
$
195

 
$
1,112

 
$
508

 
$

 
$
2,858

Operating Income (Loss)(6)
 
$
43

 
$
(31
)
 
$
514

 
$
42

 
$
(23
)
 
$
545

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
320

Other
 
 
 
 
 
 
 
 
 
 
 
84

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(209
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
6

Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(199
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
547

Total Assets
 
$
12,530

 
$
1,476

 
$
4,778

 
$
3,772

 
$
46

 
$
22,602

(1)
Apache exited its Canadian operations in the third quarter of 2017.
(2)
Includes a noncontrolling interest in Egypt.
(3)
Includes revenue from non-customer of $165 million, $15 million, and $1 million for oil, natural gas, and natural gas liquids, respectively, for the second quarter of 2018, and $304 million, $30 million, and $2 million, for oil, natural gas, and natural gas liquids, respectively, for the first six months of 2018.
(4)
Operating income (loss) consists of oil and gas production revenues less lease operating expenses, gathering, transmission, and processing costs, taxes other than income, exploration costs, depreciation, depletion, and amortization, asset retirement obligation accretion, and impairments. The operating income of U.S. includes leasehold impairments totaling $21 million for the second quarter of 2018. The operating income of U.S. includes leasehold impairments totaling $37 million for the first six months of 2018.
(5)
Included in Other are sales proceeds related to U.S. third-party purchased oil and gas totaling $98 million and $202 million for the second quarter and first six months of 2018, respectively, which are determined to be revenue from customers.
(6)
The operating income (loss) of U.S. and Canada includes leasehold impairments totaling $38 million and $1 million, respectively, for the second quarter of 2017. The operating income (loss) of U.S., Canada and North Sea includes leasehold and other asset impairments totaling $52 million, $2 million, and $8 million, respectively, for the first six months of 2017.