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BUSINESS SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of 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, 2020
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
333

 
$
271

 
$
428

 
$
—

 
$
—

 
$
1,032

Natural gas revenues
 
65

 
19

 
39

 
—

 
—

 
123

Natural gas liquids revenues
 
3

 
7

 
71

 
—

 
—

 
81

Oil, natural gas, and natural gas liquids production revenues
 
401

 
297

 
538

 
—

 
—

 
1,236

Purchased oil and gas sales
 
—

 
—

 
108

 
—

 
—

 
108

Midstream service affiliate revenues
 
—

 
—

 
—

 
41

 
(41
)
 
—

 
 
401

 
297

 
646

 
41

 
(41
)
 
1,344

Operating Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Lease operating expenses
 
112

 
81

 
143

 
—

 
(1
)
 
335

Gathering, processing, and transmission
 
10

 
16

 
74

 
11

 
(40
)
 
71

Purchased oil and gas costs
 
—

 
—

 
86

 
—

 
—

 
86

Taxes other than income
 
—

 
—

 
30

 
3

 
—

 
33

Exploration
 
18

 
2

 
35

 
—

 
2

 
57

Depreciation, depletion, and amortization
 
161

 
109

 
293

 
3

 
—

 
566

Asset retirement obligation accretion
 
—

 
18

 
8

 
1

 
—

 
27

Impairments
 
509

 
7

 
3,956

 
—

 
—

 
4,472

 
 
810

 
233

 
4,625

 
18

 
(39
)
 
5,647

Operating Income (Loss)(3)
 
$
(409
)
 
$
64

 
$
(3,979
)
 
$
23

 
$
(2
)
 
(4,303
)
Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instrument losses, net
 
 
 
 
 
 
 
 
 
 
 
(103
)
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
25

Other, net
 
 
 
 
 
 
 
 
 
 
 
13

General and administrative
 
 
 
 
 
 
 
 
 
 
 
(68
)
Transaction, reorganization, and separation
 
 
 
 
 
 
 
 
 
 
 
(27
)
Financing costs, net
 
 
 
 
 
 
 
 
 
 
 
(103
)
Loss Before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
(4,566
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets(4)
 
$
3,151

 
$
2,366

 
$
6,225

 
$
1,574

 
$
75

 
$
13,391

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Egypt(1)
 
North Sea
 
U.S.
 
Altus
 
Intersegment Eliminations & Other
 
Total(2)
 
 
Upstream
 
Midstream
 
 
 
 
(In millions)
For the Quarter Ended March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Oil revenues
 
$
514

 
$
300

 
$
496

 
$
—

 
$
—

 
$
1,310

Natural gas revenues
 
81

 
32

 
123

 
—

 
—

 
236

Natural gas liquids revenues
 
4

 
6

 
98

 
—

 
—

 
108

Oil, natural gas, and natural gas liquids production revenues
 
599

 
338

 
717

 
—

 
—

 
1,654

Purchased oil and gas sales
 
—

 
—

 
24

 
—

 
—

 
24

Midstream service affiliate revenues
 
—

 
—

 
—

 
34

 
(34
)
 
—

 
 
599

 
338

 
741

 
34

 
(34
)
 
1,678

Operating Expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Lease operating expenses
 
118

 
72

 
176

 
—

 
(1
)
 
365

Gathering, processing, and transmission
 
12

 
12

 
81

 
16

 
(33
)
 
88

Purchased oil and gas costs
 
—

 
—

 
22

 
—

 
—

 
22

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

 
720

 
26

 
(31
)
 
1,268

Operating Income (Loss)(3)
 
$
249

 
$
135

 
$
21

 
$
8

 
$
(3
)
 
410

Other Income (Expense):
 
 
 
 
 
 
 
 
 
 
 
 
Derivative instrument losses, net
 
 
 
 
 
 
 
 
 
 
 
(30
)
Gain on divestitures, net
 
 
 
 
 
 
 
 
 
 
 
3

Other, net
 
 
 
 
 
 
 
 
 
 
 
6

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

 
 
 
 
 
 
 
 
 
 
 
 
 
Total Assets(4)
 
$
4,065

 
$
2,601

 
$
13,205

 
$
1,825

 
$
55

 
$
21,751

 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Includes revenue from non-customer of:
 
 
For the Quarter Ended March 31,
 
 
2020
 
2019
 
 
(In millions)
Oil
 
$
45

 
$
107

Natural gas
 
3

 
11

Natural gas liquids
 
—

 
1

(2)
Includes a noncontrolling interest in Egypt and Altus.
(3)
The operating income (loss) of U.S., Egypt, and North Sea includes leasehold and other asset impairments totaling $4.0 billion, $511 million, and $7 million, respectively, for the first quarter of 2020. 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.
(4)
Intercompany balances are excluded from total assets.