SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2021

Accounting Policies [Abstract]

Schedule of Asset Impairments

Asset impairments recorded in connection with fair value assessments were as follows:

	For the Quarter Ended March 31,
	2021		2020
	(In millions)
Oil and gas proved property	$	—	$	4,299
Gathering, processing, and transmission facilities	—		68
Goodwill	—		87
Inventory and other	—		18
Total Impairments	$	—	$	4,472

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

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

	For the Quarter Ended March 31,
	2021		2020
	(In millions)
Proved Properties:
U.S.	$	—	$	3,938
Egypt	—		354
North Sea	—		7
Total proved properties	$	—	$	4,299
Unproved Properties:
U.S.	$	16	$	17
Egypt	2		2
Total unproved properties	$	18	$	19