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BUSINESS SEGMENT INFORMATION - Financial Segment Information (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
[1]
Segment Reporting Information [Line Items]          
Lease operating expenses $ 359 $ 311 $ 703 $ 575  
Taxes other than income 78 51 148 95  
Exploration 15 19 40 65  
Depreciation, depletion, and amortization 278 351 569 693  
Asset retirement obligation accretion 29 28 58 56  
Total operating expenses 1,381 1,083 2,572 2,359  
Operating Income (Loss) 1,666 673 3,144 1,268  
Other Income (Expense):          
Derivative instrument losses, net (32) (113) (94) 45  
Loss on divestitures, net (27) 65 1,149 67  
Other, net 64 74 109 135  
General and administrative (83) (79) (234) (162)  
Transaction, reorganization, and separation (3) (4) (17) (4)  
Financing costs, net (62) (94) (202) (201)  
NET INCOME BEFORE INCOME TAXES 1,523 522 3,855 1,148  
Total assets 13,839 [1] 14,388 13,839 [1] 14,388 $ 14,393
Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Lease operating expenses 131 114 262 218  
Taxes other than income 0 0 0 0  
Exploration 12 14 27 22  
Depreciation, depletion, and amortization 91 137 188 267  
Asset retirement obligation accretion 0 0 0 0  
Total operating expenses 239 268 487 511  
Operating Income (Loss) 754 231 1,397 462  
Other Income (Expense):          
Total assets 3,107 3,116 3,107 3,116  
Impairments of oil and gas properties 1 2 2 4  
Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Lease operating expenses 118 98 214 173  
Taxes other than income 0 0 0 0  
Exploration 2 3 7 23  
Depreciation, depletion, and amortization 54 63 116 147  
Asset retirement obligation accretion 20 20 40 39  
Total operating expenses 206 192 401 402  
Operating Income (Loss) 177 55 425 123  
Other Income (Expense):          
Total assets 2,103 2,127 2,103 2,127  
Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Lease operating expenses 110 99 228 185  
Taxes other than income 78 47 145 87  
Exploration 1 2 5 18  
Depreciation, depletion, and amortization 133 148 263 273  
Asset retirement obligation accretion 9 7 17 15  
Total operating expenses 936 636 1,691 1,472  
Operating Income (Loss) 735 371 1,313 651  
Other Income (Expense):          
Total assets 8,629 7,305 8,629 7,305  
Impairments of oil and gas properties 1 1 4 17  
Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Lease operating expenses 0 0 0 0  
Taxes other than income 0 4 3 8  
Exploration 0 0 0 0  
Depreciation, depletion, and amortization 0 3 2 6  
Asset retirement obligation accretion 0 1 1 2  
Total operating expenses 0 19 11 36  
Operating Income (Loss) 0 16 10 34  
Other Income (Expense):          
Total assets 0 1,839 0 1,839  
Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Lease operating expenses 0 0 (1) (1)  
Taxes other than income 0 0 0 0  
Exploration 0 0 1 2  
Depreciation, depletion, and amortization 0 0 0 0  
Asset retirement obligation accretion 0 0 0 0  
Total operating expenses 0 (32) (18) (62)  
Operating Income (Loss) 0 0 (1) (2)  
Other Income (Expense):          
Total assets 0 1 0 1  
Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 2,525 1,514 4,845 2,945  
Cost of oil and gas purchased [2] 94 61 175 119  
Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 993 499 1,884 973  
Cost of oil and gas purchased 5 3 10 4  
Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 383 247 826 525  
Cost of oil and gas purchased 12 8 24 20  
Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 1,149 768 2,138 1,447  
Cost of oil and gas purchased 77 74 154 143  
Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 0 0 0 0  
Cost of oil and gas purchased 0 8 5 15  
Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 0 0 (3) 0  
Cost of oil and gas purchased 0 (32) (18) (63)  
Purchased oil and gas sales          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales 522 242 871 682  
Cost of oil and gas purchased 528 262 879 756  
Purchased oil and gas sales | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales 0 0 0 0  
Cost of oil and gas purchased 0 0 0 0  
Purchased oil and gas sales | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales 0 0 0 0  
Cost of oil and gas purchased 0 0 0 0  
Purchased oil and gas sales | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales 522 239 866 676  
Cost of oil and gas purchased 528 259 879 751  
Purchased oil and gas sales | Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales 0 3 5 6  
Cost of oil and gas purchased 0 3 0 5  
Purchased oil and gas sales | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales 0 0 0 0  
Cost of oil and gas purchased 0 0 0 0  
Midstream service affiliate revenues          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales     0    
Midstream service affiliate revenues | Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales   32 16 64  
Midstream service affiliate revenues | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Purchased oil and gas sales   (32) (16) (64)  
Oil and gas          
Segment Reporting Information [Line Items]          
Total revenues 3,047 1,756 5,716 3,627  
Oil and gas | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Total revenues 993 499 1,884 973  
Oil and gas | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Total revenues 383 247 826 525  
Oil and gas | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Total revenues 1,671 1,007 3,004 2,123  
Oil and gas | Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Total revenues 0 35 21 70  
Oil and gas | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Total revenues 0 (32) (19) (64)  
Oil revenues          
Other Income (Expense):          
Revenue from non-customers 302 97 552 190  
Oil revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 1,863 1,141 3,580 2,132  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 902 432 1,692 834  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 307 216 635 457  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 654 493 1,253 841  
Oil revenues | Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 0 0 0 0  
Oil revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 0 0 0 0  
Natural gas revenues          
Other Income (Expense):          
Revenue from non-customers 30 10 61 22  
Natural gas revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 433 226 813 538  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 88 65 186 135  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 64 27 163 58  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 281 134 464 345  
Natural gas revenues | Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 0 0 0 0  
Natural gas revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 0 0 0 0  
Natural gas liquids revenues          
Other Income (Expense):          
Revenue from non-customers 1 0 2 1  
Natural gas liquids revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 229 147 452 275  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 3 2 6 4  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 12 4 28 10  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 214 141 421 261  
Natural gas liquids revenues | Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues 0 0 0 0  
Natural gas liquids revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Oil, natural gas, and natural gas liquids production revenues $ 0 $ 0 $ (3) $ 0  
[1] The Altus VIE amounts are disclosed as of December 31, 2021. All Altus balances were deconsolidated as of February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 3—Acquisitions and Divestitures for further detail.
[2] For gathering, processing, and transmission costs associated with Kinetik, refer to Note 7—Equity Method Interest for further detail.