XML 134 R104.htm IDEA: XBRL DOCUMENT v3.24.0.1
BUSINESS SEGMENT INFORMATION - Financial Segment Information (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Expenses:      
Lease operating expenses [1] $ 1,397 $ 1,435 $ 1,241
Taxes other than income 192 256 204
Exploration 153 146 127
Depreciation, depletion, and amortization 1,399 1,177 1,360
Asset retirement obligation accretion 116 117 113
Impairments 61 0 208
Total operating expenses 4,374 5,263 5,097
Operating Income (Loss) 3,599 5,620 2,888
Other Income (Expense):      
Gain on divestitures, net 8 1,180 67
Losses on previously sold Gulf of Mexico properties (212) (157) (446)
Derivative instrument losses, net 0 (107) 94
Other 26 139 228
General and administrative (325) (462) (357)
Transaction, reorganization, and separation (15) (26) (22)
Financing costs, net (165) (313) (472)
NET INCOME BEFORE INCOME TAXES 2,916 5,874 1,980
Assets 16,944 14,255 14,393
Net Property and Equipment 8,724 7,957 8,060
Additions to Net Property and Equipment 1,911 1,657 1,004
Operating Segments | Egypt      
Operating Expenses:      
Lease operating expenses 474 526 469
Taxes other than income 0 0 0
Exploration 119 84 63
Depreciation, depletion, and amortization 524 400 524
Asset retirement obligation accretion 0 0 0
Impairments 0   26
Total operating expenses 1,150 1,032 1,094
Operating Income (Loss) 1,879 2,489 991
Other Income (Expense):      
Assets 3,503 3,148 2,796
Net Property and Equipment 2,209 1,976 1,720
Additions to Net Property and Equipment 834 695 319
Operating Segments | North Sea      
Operating Expenses:      
Lease operating expenses 369 404 383
Taxes other than income 0 0 0
Exploration 19 35 34
Depreciation, depletion, and amortization 271 238 270
Asset retirement obligation accretion 76 82 79
Impairments 50   22
Total operating expenses 837 802 827
Operating Income (Loss) 501 756 309
Other Income (Expense):      
Assets 1,970 1,911 2,199
Net Property and Equipment 1,628 1,386 1,646
Additions to Net Property and Equipment 131 210 159
Operating Segments | U.S.      
Operating Expenses:      
Lease operating expenses 554 506 391
Taxes other than income 192 253 190
Exploration 14 24 28
Depreciation, depletion, and amortization 604 537 554
Asset retirement obligation accretion 40 34 30
Impairments 11   0
Total operating expenses 2,386 3,434 3,077
Operating Income (Loss) 1,220 2,368 1,679
Other Income (Expense):      
Assets 11,471 9,196 7,700
Net Property and Equipment 4,887 4,595 4,507
Additions to Net Property and Equipment 946 752 523
Reportable Legal Entities | Altus Midstream      
Segment Reporting Information [Line Items]      
Total revenues 0 21 138
Operating Expenses:      
Lease operating expenses 0 0 0
Taxes other than income 0 3 14
Exploration 0 0 0
Depreciation, depletion, and amortization 0 2 12
Asset retirement obligation accretion 0 1 4
Impairments 0   160
Total operating expenses 0 11 227
Operating Income (Loss) 0 10 (89)
Other Income (Expense):      
Assets 0 0 1,698
Net Property and Equipment 0 0 187
Additions to Net Property and Equipment 0 0 3
Intersegment Eliminations & Other      
Segment Reporting Information [Line Items]      
Total revenues 0 (19) (130)
Operating Expenses:      
Lease operating expenses 0 (1) (2)
Taxes other than income 0 0 0
Exploration 1 3 2
Depreciation, depletion, and amortization 0 0 0
Asset retirement obligation accretion 0 0 0
Impairments 0   0
Total operating expenses 1 (16) (128)
Operating Income (Loss) (1) (3) (2)
Other Income (Expense):      
Assets 0 0 0
Net Property and Equipment 0 0 0
Additions to Net Property and Equipment 0 0 0
Gathering, processing, and transmission costs      
Segment Reporting Information [Line Items]      
Total revenues [1] 7,079 9,028 6,498
Operating Expenses:      
Cost of goods and services sold [1] 314 356 264
Gathering, processing, and transmission costs | Operating Segments | Egypt      
Segment Reporting Information [Line Items]      
Total revenues 3,029 3,521 2,085
Operating Expenses:      
Cost of goods and services sold 33 22 12
Gathering, processing, and transmission costs | Operating Segments | North Sea      
Segment Reporting Information [Line Items]      
Total revenues 1,338 1,558 1,136
Operating Expenses:      
Cost of goods and services sold 52 43 39
Gathering, processing, and transmission costs | Operating Segments | U.S.      
Segment Reporting Information [Line Items]      
Total revenues 2,712 3,952 3,280
Operating Expenses:      
Cost of goods and services sold 229 304 309
Gathering, processing, and transmission costs | Reportable Legal Entities | Altus Midstream      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Operating Expenses:      
Cost of goods and services sold 0 5 32
Gathering, processing, and transmission costs | Intersegment Eliminations & Other      
Segment Reporting Information [Line Items]      
Total revenues 0 (3) (3)
Operating Expenses:      
Cost of goods and services sold 0 (18) (128)
Purchased oil and gas sales      
Segment Reporting Information [Line Items]      
Total revenues [1] 894 1,855 1,487
Operating Expenses:      
Cost of goods and services sold [1] 742 1,776 1,580
Purchased oil and gas sales | Operating Segments | Egypt      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Operating Expenses:      
Cost of goods and services sold 0 0 0
Purchased oil and gas sales | Operating Segments | North Sea      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Operating Expenses:      
Cost of goods and services sold 0 0 0
Purchased oil and gas sales | Operating Segments | U.S.      
Segment Reporting Information [Line Items]      
Total revenues 894 1,850 1,476
Operating Expenses:      
Cost of goods and services sold 742 1,776 1,575
Purchased oil and gas sales | Reportable Legal Entities | Altus Midstream      
Segment Reporting Information [Line Items]      
Total revenues 0 5 11
Operating Expenses:      
Cost of goods and services sold 0 0 5
Purchased oil and gas sales | Intersegment Eliminations & Other      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Operating Expenses:      
Cost of goods and services sold 0 0 0
Oil and gas      
Segment Reporting Information [Line Items]      
Total revenues 7,973 10,883 7,985
Oil and gas | Operating Segments | Egypt      
Segment Reporting Information [Line Items]      
Total revenues 3,029 3,521 2,085
Oil and gas | Operating Segments | North Sea      
Segment Reporting Information [Line Items]      
Total revenues 1,338 1,558 1,136
Oil and gas | Operating Segments | U.S.      
Segment Reporting Information [Line Items]      
Total revenues 3,606 5,802 4,756
Oil and gas | Reportable Legal Entities | Altus Midstream      
Segment Reporting Information [Line Items]      
Total revenues   16 127
Oil and gas | Intersegment Eliminations & Other      
Segment Reporting Information [Line Items]      
Total revenues   (16) (127)
Oil      
Other Income (Expense):      
Revenue from non-customers 729 989 420
Oil | Gathering, processing, and transmission costs      
Segment Reporting Information [Line Items]      
Total revenues 5,759 6,700 4,585
Oil | Gathering, processing, and transmission costs | Operating Segments | Egypt      
Segment Reporting Information [Line Items]      
Total revenues 2,683 3,145 1,806
Oil | Gathering, processing, and transmission costs | Operating Segments | North Sea      
Segment Reporting Information [Line Items]      
Total revenues 1,073 1,232 929
Oil | Gathering, processing, and transmission costs | Operating Segments | U.S.      
Segment Reporting Information [Line Items]      
Total revenues 2,003 2,323 1,850
Oil | Gathering, processing, and transmission costs | Reportable Legal Entities | Altus Midstream      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Oil | Gathering, processing, and transmission costs | Intersegment Eliminations & Other      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Natural Gas      
Other Income (Expense):      
Revenue from non-customers 95 117 47
Natural Gas | Gathering, processing, and transmission costs      
Segment Reporting Information [Line Items]      
Total revenues 860 1,545 1,207
Natural Gas | Gathering, processing, and transmission costs | Operating Segments | Egypt      
Segment Reporting Information [Line Items]      
Total revenues 346 370 270
Natural Gas | Gathering, processing, and transmission costs | Operating Segments | North Sea      
Segment Reporting Information [Line Items]      
Total revenues 237 281 183
Natural Gas | Gathering, processing, and transmission costs | Operating Segments | U.S.      
Segment Reporting Information [Line Items]      
Total revenues 277 894 754
Natural Gas | Gathering, processing, and transmission costs | Reportable Legal Entities | Altus Midstream      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Natural Gas | Gathering, processing, and transmission costs | Intersegment Eliminations & Other      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Natural Gas Liquids      
Other Income (Expense):      
Revenue from non-customers 0 2 2
Natural Gas Liquids | Gathering, processing, and transmission costs      
Segment Reporting Information [Line Items]      
Total revenues 460 783 706
Natural Gas Liquids | Gathering, processing, and transmission costs | Operating Segments | Egypt      
Segment Reporting Information [Line Items]      
Total revenues 0 6 9
Natural Gas Liquids | Gathering, processing, and transmission costs | Operating Segments | North Sea      
Segment Reporting Information [Line Items]      
Total revenues 28 45 24
Natural Gas Liquids | Gathering, processing, and transmission costs | Operating Segments | U.S.      
Segment Reporting Information [Line Items]      
Total revenues 432 735 676
Natural Gas Liquids | Gathering, processing, and transmission costs | Reportable Legal Entities | Altus Midstream      
Segment Reporting Information [Line Items]      
Total revenues 0 0 0
Natural Gas Liquids | Gathering, processing, and transmission costs | Intersegment Eliminations & Other      
Segment Reporting Information [Line Items]      
Total revenues $ 0 $ (3) $ (3)
[1]
(1) For related party transactions associated with Kinetik, refer to Note 7—Equity Method Interest for further detail.