SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Schedule of Asset Impairments

The following table presents a summary of asset impairments recorded in connection with fair value assessments:

	For the Quarter Ended June 30,				For the Six Months Ended June 30,
	2020		2019		2020		2019
	(In millions)
Oil and gas proved property	$	20	$	86	$	4,319	$	86
Gathering, processing, and transmission facilities	—		—		68		—
Goodwill	—		—		87		—
Divested unproved properties and leasehold	—		149		—		149
Inventory and other	—		5		18		5
Total Impairments	$	20	$	240	$	4,492	$	240

Schedule of Non-cash Impairments of Proved and Unproved Property and Equipment

The following table represents non-cash impairments of the carrying value of the Company’s proved and unproved properties:

	For the Quarter Ended June 30,				For the Six Months Ended June 30,
	2020		2019		2020		2019
	(In millions)
Proved Properties:
U.S.	$	—	$	86	$	3,938	$	86
Egypt	20		—		374		—
North Sea	—		—		7		—
Total Proved	$	20	$	86	$	4,319	$	86
Unproved Properties:
U.S.	$	29	$	186	$	46	$	207
Egypt	2		2		4		4
Total Unproved	$	31	$	188	$	50	$	211