XML 72 R61.htm IDEA: XBRL DOCUMENT v3.20.2
BUSINESS SEGMENT INFORMATION (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
Segment
Sep. 30, 2019
USD ($)
Segment Reporting [Abstract]            
Number of reporting segments | Segment         3  
Segment Reporting Information [Line Items]            
Lease operating expenses $ 259,000,000     $ 350,000,000 $ 858,000,000 $ 1,104,000,000
Taxes other than income 34,000,000     44,000,000 90,000,000 141,000,000
Exploration 58,000,000     56,000,000 187,000,000 220,000,000
Depreciation, depletion, and amortization 398,000,000     711,000,000 1,382,000,000 1,959,000,000
Accretion expense 27,000,000     27,000,000 81,000,000 80,000,000
Impairments 0 $ 20,000,000 $ 4,500,000,000 9,000,000 4,492,000,000 249,000,000
Operating expenses 914,000,000     1,286,000,000 7,503,000,000 4,043,000,000
Operating Income (Loss) 206,000,000     182,000,000 (4,287,000,000) 719,000,000
Other Income (Expense):            
Derivative instrument gains (losses), net 16,000,000     (2,000,000) (262,000,000) (40,000,000)
Gain (loss) on divestitures, net (1,000,000)     0 24,000,000 20,000,000
Other, net 9,000,000     34,000,000 41,000,000 33,000,000
General and administrative (52,000,000)     (98,000,000) (214,000,000) (323,000,000)
Transaction, reorganization, and separation (7,000,000)     (7,000,000) (44,000,000) (17,000,000)
Financing costs, net (99,000,000)     (95,000,000) (168,000,000) (365,000,000)
NET INCOME (LOSS) BEFORE INCOME TAXES 72,000,000     14,000,000 (4,910,000,000) 27,000,000
Total assets 12,875,000,000     21,405,000,000 12,875,000,000 21,405,000,000
Impairments 0     9,000,000 4,492,000,000 249,000,000
Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Lease operating expenses 102,000,000     115,000,000 312,000,000 365,000,000
Taxes other than income 0     0 0 0
Exploration 10,000,000     27,000,000 51,000,000 89,000,000
Depreciation, depletion, and amortization 144,000,000     177,000,000 463,000,000 538,000,000
Accretion expense 0     0 0 0
Impairments       0 529,000,000 0
Operating expenses 264,000,000     328,000,000 1,386,000,000 1,023,000,000
Operating Income (Loss) 115,000,000     218,000,000 (348,000,000) 718,000,000
Other Income (Expense):            
Total assets 3,052,000,000     3,851,000,000 3,052,000,000 3,851,000,000
Impairments 2,000,000     2,000,000 535,000,000 6,000,000
Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Lease operating expenses 79,000,000     76,000,000 234,000,000 240,000,000
Taxes other than income 0     0 0 0
Exploration 10,000,000     0 26,000,000 2,000,000
Depreciation, depletion, and amortization 90,000,000     71,000,000 278,000,000 269,000,000
Accretion expense 18,000,000     19,000,000 54,000,000 56,000,000
Impairments       0 7,000,000 0
Operating expenses 207,000,000     175,000,000 636,000,000 599,000,000
Operating Income (Loss) (10,000,000)     75,000,000 (4,000,000) 349,000,000
Other Income (Expense):            
Total assets 2,238,000,000     2,529,000,000 2,238,000,000 2,529,000,000
Impairments         7,000,000  
Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Lease operating expenses 79,000,000     159,000,000 313,000,000 501,000,000
Taxes other than income 30,000,000     41,000,000 79,000,000 131,000,000
Exploration 34,000,000     25,000,000 100,000,000 117,000,000
Depreciation, depletion, and amortization 161,000,000     452,000,000 632,000,000 1,125,000,000
Accretion expense 8,000,000     8,000,000 24,000,000 23,000,000
Impairments       0 3,956,000,000 240,000,000
Operating expenses 460,000,000     777,000,000 5,528,000,000 2,411,000,000
Operating Income (Loss) 83,000,000     (105,000,000) (3,984,000,000) (338,000,000)
Other Income (Expense):            
Total assets 5,708,000,000     12,289,000,000 5,708,000,000 12,289,000,000
Impairments 34,000,000     10,000,000 4,000,000,000.0 308,000,000
Operating Segments | Altus Midstream            
Segment Reporting Information [Line Items]            
Lease operating expenses 0     0 0 0
Taxes other than income 4,000,000     3,000,000 11,000,000 10,000,000
Exploration 0     0 0 0
Depreciation, depletion, and amortization 3,000,000     11,000,000 9,000,000 27,000,000
Accretion expense 1,000,000     0 3,000,000 1,000,000
Impairments       9,000,000 0 9,000,000
Operating expenses 18,000,000     36,000,000 54,000,000 90,000,000
Operating Income (Loss) 22,000,000     (2,000,000) 59,000,000 2,000,000
Other Income (Expense):            
Total assets 1,741,000,000     2,648,000,000 1,741,000,000 2,648,000,000
Impairments       9,000,000   9,000,000
Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Oil and gas production revenues (39,000,000)     (34,000,000) (111,000,000) (92,000,000)
Lease operating expenses (1,000,000)     0 (1,000,000) (2,000,000)
Taxes other than income 0     0 0 0
Exploration 4,000,000     4,000,000 10,000,000 12,000,000
Depreciation, depletion, and amortization 0     0 0 0
Accretion expense 0     0 0 0
Impairments       0 0 0
Operating expenses (35,000,000)     (30,000,000) (101,000,000) (80,000,000)
Operating Income (Loss) (4,000,000)     (4,000,000) (10,000,000) (12,000,000)
Other Income (Expense):            
Total assets 136,000,000     88,000,000 136,000,000 88,000,000
Intersegment Eliminations & Other | Altus Midstream            
Segment Reporting Information [Line Items]            
Oil and gas production revenues (39,000,000)     (34,000,000) (111,000,000) (92,000,000)
Oil and gas            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 1,120,000,000     1,468,000,000 3,216,000,000 4,762,000,000
Oil and gas | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 379,000,000     546,000,000 1,038,000,000 1,741,000,000
Oil and gas | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 197,000,000     250,000,000 632,000,000 948,000,000
Oil and gas | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 543,000,000     672,000,000 1,544,000,000 2,073,000,000
Oil and gas | Operating Segments | Altus Midstream            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 40,000,000     34,000,000 113,000,000 92,000,000
Oil and gas | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Oil and gas production revenues (39,000,000)     (34,000,000) (111,000,000) (92,000,000)
Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 1,046,000,000     1,438,000,000 2,979,000,000 4,690,000,000
Cost of oil and gas purchased 63,000,000     66,000,000 206,000,000 230,000,000
Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 379,000,000     546,000,000 1,038,000,000 1,741,000,000
Cost of oil and gas purchased 8,000,000     9,000,000 31,000,000 31,000,000
Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 197,000,000     250,000,000 632,000,000 948,000,000
Cost of oil and gas purchased 10,000,000     9,000,000 37,000,000 32,000,000
Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 470,000,000     642,000,000 1,309,000,000 2,001,000,000
Cost of oil and gas purchased 74,000,000     69,000,000 219,000,000 214,000,000
Oil and gas, excluding purchased | Operating Segments | Altus Midstream            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Cost of oil and gas purchased 9,000,000     13,000,000 29,000,000 43,000,000
Oil and gas, excluding purchased | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Cost of oil and gas purchased (38,000,000)     (34,000,000) (110,000,000) (90,000,000)
Oil and gas, purchased            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 74,000,000     30,000,000 237,000,000 72,000,000
Cost of oil and gas purchased 75,000,000     23,000,000 207,000,000 60,000,000
Oil and gas, purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Cost of oil and gas purchased 0     0 0 0
Oil and gas, purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Cost of oil and gas purchased 0     0 0 0
Oil and gas, purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 73,000,000     30,000,000 235,000,000 72,000,000
Cost of oil and gas purchased 74,000,000     23,000,000 205,000,000 60,000,000
Oil and gas, purchased | Operating Segments | Altus Midstream            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 1,000,000     0 2,000,000 0
Cost of oil and gas purchased 1,000,000     0 2,000,000 0
Oil and gas, purchased | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Cost of oil and gas purchased 0     0 0 0
Oil            
Other Income (Expense):            
Revenues from non-customer 38,000,000     98,000,000 65,000,000 316,000,000
Oil | Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 785,000,000     1,207,000,000 2,330,000,000 3,914,000,000
Oil | Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 303,000,000     472,000,000 823,000,000 1,509,000,000
Oil | Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 179,000,000     231,000,000 578,000,000 868,000,000
Oil | Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 303,000,000     504,000,000 929,000,000 1,537,000,000
Oil | Oil and gas, excluding purchased | Operating Segments | Altus Midstream            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Oil | Oil and gas, excluding purchased | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Natural Gas            
Other Income (Expense):            
Revenues from non-customer 6,000,000     9,000,000 9,000,000 30,000,000
Natural Gas | Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 164,000,000     136,000,000 417,000,000 490,000,000
Natural Gas | Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 74,000,000     72,000,000 209,000,000 223,000,000
Natural Gas | Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 13,000,000     14,000,000 39,000,000 64,000,000
Natural Gas | Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 77,000,000     50,000,000 169,000,000 203,000,000
Natural Gas | Oil and gas, excluding purchased | Operating Segments | Altus Midstream            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Natural Gas | Oil and gas, excluding purchased | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Natural Gas liquids            
Other Income (Expense):            
Revenues from non-customer 0     0 0 1,000,000
Natural Gas liquids | Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 97,000,000     95,000,000 232,000,000 286,000,000
Natural Gas liquids | Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 2,000,000     2,000,000 6,000,000 9,000,000
Natural Gas liquids | Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 5,000,000     5,000,000 15,000,000 16,000,000
Natural Gas liquids | Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 90,000,000     88,000,000 211,000,000 261,000,000
Natural Gas liquids | Oil and gas, excluding purchased | Operating Segments | Altus Midstream            
Segment Reporting Information [Line Items]            
Oil and gas production revenues 0     0 0 0
Natural Gas liquids | Oil and gas, excluding purchased | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Oil and gas production revenues $ 0     $ 0 $ 0 $ 0