SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2021

Accounting Policies [Abstract]

Schedule of Asset Impairments

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

	For the Quarter Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
	(In millions)
Oil and gas proved property	$	—	$	20	$	—	$	4,319
Gathering, processing, and transmission facilities	—		—		—		68
Goodwill	—		—		—		87
Inventory and other	—		—		—		18
Total Impairments	$	—	$	20	$	—	$	4,492

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 June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
	(In millions)
Proved Properties:
U.S.	$	—	$	—	$	—	$	3,938
Egypt	—		20		—		374
North Sea	—		—		—		7
Total proved properties	$	—	$	20	$	—	$	4,319
Unproved Properties:
U.S.	$	1	$	29	$	17	$	46
Egypt	2		2		4		4
Total unproved properties	$	3	$	31	$	21	$	50

Schedule of Revenues from Contracts with Customers and Non-customers

The following table presents the Company’s revenues generated from contracts with customers and non-customers:

	For the Quarter Ended June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
	(In millions)
Production revenues from customers	$	1,407	$	715	$	2,732	$	1,903
Production revenues from non-customers	107		(18)		213		30
Total production revenues	$	1,514	$	697	$	2,945	$	1,933