BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Financial Segment Information

Financial information for each segment is presented below:

	Egypt(1)		North Sea		U.S.		Altus Midstream		Intersegment Eliminations & Other		Total(2)
	Upstream
	(In millions)
2021
Oil revenues	$	1,806	$	929	$	1,850	$	—	$	—	$	4,585
Natural gas revenues	270		183		754		—		—		1,207
Natural gas liquids revenues	9		24		676		—		(3)		706
Oil, natural gas, and natural gas liquids production revenues	2,085		1,136		3,280		—		(3)		6,498
Purchased oil and gas sales	—		—		1,476		11		—		1,487
Midstream service affiliate revenues	—		—		—		127		(127)		—
	2,085		1,136		4,756		138		(130)		7,985
Operating Expenses:
Lease operating expenses	469		383		391		—		(2)		1,241
Gathering, processing, and transmission	12		39		309		32		(128)		264
Purchased oil and gas costs	—		—		1,575		5		—		1,580
Taxes other than income	—		—		190		14		—		204
Exploration	63		34		28		—		2		127
Depreciation, depletion, and amortization	524		270		554		12		—		1,360
Asset retirement obligation accretion	—		79		30		4		—		113
Impairments	26		22		—		160		—		208
	1,094		827		3,077		227		(128)		5,097
Operating Income (Loss)	$	991	$	309	$	1,679	$	(89)	$	(2)	2,888
Other Income (Expense):
Gain on divestitures, net											67
Loss on previously sold Gulf of Mexico properties											(446)
Derivative instrument gain, net											94
Other											228
General and administrative											(357)
Transaction, reorganization, and separation											(22)
Financing costs, net											(472)
Income Before Income Taxes											$	1,980
Total Assets(3)	$	2,796	$	2,199	$	7,700	$	1,698	$	—	$	14,393
Net Property and Equipment	$	1,720	$	1,646	$	4,507	$	187	$	—	$	8,060
Additions to Net Property and Equipment	$	319	$	159	$	523	$	3	$	—	$	1,004

	Egypt(1)		North Sea		U.S.		Altus Midstream		Intersegment Eliminations & Other		Total(2)
	Upstream
	(In millions)
2020
Oil revenues	$	1,102	$	795	$	1,209	$	—	$	—	$	3,106
Natural gas revenues	280		67		251		—		—		598
Natural gas liquids revenues	8		21		304		—		—		333
Oil, natural gas, and natural gas liquids production revenues	1,390		883		1,764		—		—		4,037
Purchased oil and gas sales	—		—		394		4		—		398
Midstream service affiliate revenues	—		—		—		145		(145)		—
	1,390		883		2,158		149		(145)		4,435
Operating Expenses:
Lease operating expenses	424		305		400		—		(2)		1,127
Gathering, processing, and transmission	38		50		291		38		(143)		274
Purchased oil and gas costs	—		—		354		3		—		357
Taxes other than income	—		—		108		15		—		123
Exploration	63		28		168		—		15		274
Depreciation, depletion, and amortization	601		380		779		12		—		1,772
Asset retirement obligation accretion	—		73		32		4		—		109
Impairments	529		7		3,963		2		—		4,501
	1,655		843		6,095		74		(130)		8,537
Operating Income (Loss)	$	(265)	$	40	$	(3,937)	$	75	$	(15)	(4,102)
Other Income (Expense):
Gain on divestitures, net											32
Derivative instrument losses, net											(223)
Other											64
General and administrative											(290)
Transaction, reorganization, and separation											(54)
Financing costs, net											(267)
Loss Before Income Taxes											$	(4,840)
Total Assets(3)	$	3,003	$	2,220	$	5,540	$	1,786	$	197	$	12,746
Net Property and Equipment	$	1,955	$	1,773	$	4,760	$	196	$	135	$	8,819
Additions to Net Property and Equipment	$	454	$	215	$	345	$	12	$	136	$	1,162

	Egypt(1)		North Sea		U.S.		Altus Midstream		Intersegment Eliminations & Other		Total(2)
	Upstream
	(In millions)
2019
Oil revenues	$	1,969	$	1,163	$	2,098	$	—	$	—	$	5,230
Natural gas revenues	295		90		293		—		—		678
Natural gas liquids revenues	12		23		372		—		—		407
Oil, natural gas, and natural gas liquids production revenues	2,276		1,276		2,763		—		—		6,315
Purchased oil and gas sales	—		—		176		—		—		176
Midstream service affiliate revenues	—		—		—		136		(136)		—
	2,276		1,276		2,939		136		(136)		6,491
Operating Expenses:
Lease operating expenses	484		320		645		—		(2)		1,447
Gathering, processing, and transmission	40		45		299		56		(134)		306
Purchased oil and gas costs	—		—		142		—		—		142
Taxes other than income	—		—		194		13		—		207
Exploration	100		2		688		—		15		805
Depreciation, depletion, and amortization	708		366		1,566		40		—		2,680
Asset retirement obligation accretion	—		76		29		2		—		107
Impairments	—		—		1,648		1,301		—		2,949
	1,332		809		5,211		1,412		(121)		8,643
Operating Income (Loss)	$	944	$	467	$	(2,272)	$	(1,276)	$	(15)	(2,152)
Other Income (Expense):
Gain on divestitures, net											43
Derivative instrument losses, net											(35)
Other											54
General and administrative											(406)
Transaction, reorganization, and separation											(50)
Financing costs, net											(462)
Loss Before Income Taxes											$	(3,008)
Total Assets(3)	$	3,700	$	2,473	$	10,388	$	1,479	$	67	$	18,107
Net Property and Equipment	$	2,573	$	1,956	$	9,385	$	206	$	38	$	14,158
Additions to Net Property and Equipment	$	454	$	183	$	1,696	$	308	$	93	$	2,734

(1)Includes revenue from non-customers for the years ended December 31, 2021, 2020, and 2019 of:

	For the Year Ended December 31,
	2021		2020		2019
	(In millions)
Oil	$	420	$	95	$	410
Natural gas	47		14		40
Natural gas liquids	2		—		1

(2)Includes a noncontrolling interest in Egypt and Altus Midstream.

(3)Intercompany balances are excluded from total assets.