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BUSINESS SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Financial Segment Information Financial information for each segment is presented below:
 
 
Egypt(1)
 
North Sea
 
U.S.
 
Altus
 
Intersegment Eliminations & Other
 
Total(2)
 
 
Upstream
 
Midstream
 
 
 
 
(In millions)
For the Quarter Ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
514

 
$
300

 
$
496

 
$
—

 
$
—

 
$
1,310

Natural gas revenues
 
81

 
32

 
123

 
—

 
—

 
236

Natural gas liquids revenues
 
4

 
6

 
98

 
—

 
—

 
108

Oil and gas production revenues
 
599

 
338

 
717

 
—

 
—

 
1,654

Midstream service affiliate revenues
 
—

 
—

 
—

 
34

 
(34
)
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Lease operating expenses
 
118

 
72

 
176

 
—

 
(1
)
 
365

Gathering, processing, and transmission
 
12

 
12

 
81

 
16

 
(33
)
 
88

Taxes other than income
 
—

 
—

 
48

 
3

 
—

 
51

Exploration
 
32

 
1

 
33

 
—

 
3

 
69

Depreciation, depletion, and amortization
 
188

 
99

 
352

 
7

 
—

 
646

Asset retirement obligation accretion
 
—

 
19

 
8

 
—

 
—

 
27

 
 
350

 
203

 
698

 
26

 
(31
)
 
1,246

Operating Income (Loss)(3)
 
$
249

 
$
135

 
$
19

 
$
8

 
$
(3
)
 
408

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures
 
 
 
 
 
 
 
 
 
 
 
3

Derivative instrument losses, net
 
 
 
 
 
 
 
 
 
 
 
(30
)
Other(4)
 
 
 
 
 
 
 
 
 
 
 
8

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(123
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(4
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(97
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
165

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets(5)
 
$
4,065

 
$
2,601

 
$
13,205

 
$
1,825

 
$
55

 
$
21,751

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Egypt(1)
 
North Sea
 
U.S.
 
Altus
 
Intersegment Eliminations & Other
 
Total(2)
 
 
Upstream
 
Midstream
 
 
 
 
(In millions)
For the Quarter Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
569

 
$
271

 
$
553

 
$
—

 
$
—

 
$
1,393

Natural gas revenues
 
88

 
24

 
110

 
—

 
—

 
222

Natural gas liquids revenues
 
3

 
4

 
111

 
—

 
—

 
118

Oil and gas production revenues
 
660

 
299

 
774

 
—

 
—

 
1,733

Midstream service affiliate revenues
 
—

 
—

 
—

 
12

 
(12
)
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Lease operating expenses
 
98

 
93

 
158

 
—

 
—

 
349

Gathering, processing, and transmission
 
12

 
10

 
65

 
11

 
(12
)
 
86

Taxes other than income
 
—

 
—

 
52

 
3

 
—

 
55

Exploration
 
28

 
14

 
33

 
—

 
1

 
76

Depreciation, depletion, and amortization
 
186

 
95

 
269

 
3

 
—

 
553

Asset retirement obligation accretion
 
—

 
19

 
8

 
—

 
—

 
27

 
 
324

 
231

 
585

 
17

 
(11
)
 
1,146

Operating Income (Loss)(3)
 
$
336

 
$
68

 
$
189

 
$
(5
)
 
$
(1
)
 
587

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Gain on divestitures
 
 
 
 
 
 
 
 
 
 
 
7

Derivative instrument gains, net
 
 
 
 
 
 
 
 
 
 
 
2

Other(4)
 
 
 
 
 
 
 
 
 
 
 
5

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(114
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(99
)
Income Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
388

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets(5)
 
$
4,813

 
$
3,009

 
$
13,106

 
$
821

 
$
42

 
$
21,791

(1)
Includes revenue from non-customers of $107 million, $11 million, and $1 million for oil, natural gas, and natural gas liquids, respectively, for the first quarter of 2019, and $139 million, $15 million, and $1 million for oil, natural gas, and natural gas liquids, respectively, for the first quarter of 2018.
(2)
Includes a noncontrolling interest in Egypt for the 2019 and 2018 periods, and Altus for the 2019 period.
(3)
The operating income of U.S. and North Sea includes leasehold and unproved impairments totaling $21 million and $2 million, respectively, for the first quarter of 2019. The operating income of U.S. includes leasehold and unproved impairments totaling $16 million for the first quarter of 2018.
(4)
Included in Other are sales proceeds related to U.S. third-party purchased oil and gas totaling $24 million and $104 million for the periods ending March 31, 2019 and 2018, respectively, which are determined to be revenue from customers.
(5)
Intercompany balances are excluded from total assets.