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BUSINESS SEGMENT INFORMATION (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Jun. 30, 2021
USD ($)
Segment
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Segment Reporting [Abstract]            
Number of operating segments | Segment       3    
Segment Reporting Information [Line Items]            
Purchased oil and gas sales $ 0     $ 0 $ 0  
Lease operating expenses 311,000,000 $ 264,000,000   575,000,000 599,000,000  
Taxes other than income 51,000,000 23,000,000   95,000,000 56,000,000  
Exploration 19,000,000 72,000,000   65,000,000 129,000,000  
Depreciation, depletion, and amortization 351,000,000 418,000,000   693,000,000 984,000,000  
Asset retirement obligation accretion 28,000,000 27,000,000   56,000,000 54,000,000  
Impairments 0 20,000,000 $ 4,500,000,000 0 4,492,000,000  
Total operating expenses 1,083,000,000 942,000,000   2,359,000,000 6,589,000,000  
Operating income 673,000,000 (190,000,000)   1,268,000,000 (4,493,000,000)  
Other Income (Expense):            
Derivative instrument gains (losses), net (113,000,000) (175,000,000)   45,000,000 (278,000,000)  
Gain on divestitures, net 65,000,000 0   67,000,000 25,000,000  
Other 74,000,000 19,000,000   135,000,000 32,000,000  
General and administrative (79,000,000) (94,000,000)   (162,000,000) (162,000,000)  
Transaction, reorganization, and separation (4,000,000) (10,000,000)   (4,000,000) (37,000,000)  
Financing costs, net (94,000,000) 34,000,000   (201,000,000) (69,000,000)  
NET INCOME (LOSS) BEFORE INCOME TAXES 522,000,000 (416,000,000)   1,148,000,000 (4,982,000,000)  
Total assets 14,388,000,000 12,999,000,000   14,388,000,000 12,999,000,000 $ 12,746,000,000
Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Lease operating expenses 114,000,000 98,000,000   218,000,000 210,000,000  
Taxes other than income 0 0   0 0  
Exploration 14,000,000 22,000,000   22,000,000 40,000,000  
Depreciation, depletion, and amortization 137,000,000 158,000,000   267,000,000 319,000,000  
Asset retirement obligation accretion 0 0   0 0  
Impairments   20,000,000     529,000,000  
Total operating expenses 268,000,000 311,000,000   511,000,000 1,121,000,000  
Operating income 231,000,000 (53,000,000)   462,000,000 (462,000,000)  
Other Income (Expense):            
Total assets 3,116,000,000 3,098,000,000   3,116,000,000 3,098,000,000  
Impairments of oil and gas properties 2,000,000 22,000,000   4,000,000 533,000,000  
Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Lease operating expenses 98,000,000 75,000,000   173,000,000 156,000,000  
Taxes other than income 0 0   0 0  
Exploration 3,000,000 15,000,000   23,000,000 17,000,000  
Depreciation, depletion, and amortization 63,000,000 79,000,000   147,000,000 188,000,000  
Asset retirement obligation accretion 20,000,000 18,000,000   39,000,000 36,000,000  
Impairments   0     7,000,000  
Total operating expenses 192,000,000 198,000,000   402,000,000 431,000,000  
Operating income 55,000,000 (60,000,000)   123,000,000 4,000,000  
Other Income (Expense):            
Total assets 2,127,000,000 2,339,000,000   2,127,000,000 2,339,000,000  
Impairments of oil and gas properties         7,000,000  
Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Lease operating expenses 99,000,000 90,000,000   185,000,000 233,000,000  
Taxes other than income 47,000,000 20,000,000   87,000,000 49,000,000  
Exploration 2,000,000 31,000,000   18,000,000 66,000,000  
Depreciation, depletion, and amortization 148,000,000 178,000,000   273,000,000 471,000,000  
Asset retirement obligation accretion 7,000,000 8,000,000   15,000,000 16,000,000  
Impairments   0     3,956,000,000  
Total operating expenses 636,000,000 443,000,000   1,472,000,000 5,067,000,000  
Operating income 371,000,000 (88,000,000)   651,000,000 (4,066,000,000)  
Other Income (Expense):            
Total assets 7,305,000,000 5,821,000,000   7,305,000,000 5,821,000,000  
Impairments of oil and gas properties 1,000,000 29,000,000   17,000,000 4,000,000,000.0  
Reportable Legal Entities | Altus Midstream            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales 32,000,000 31,000,000   64,000,000 72,000,000  
Lease operating expenses 0 0   0 0  
Taxes other than income 4,000,000 3,000,000   8,000,000 7,000,000  
Exploration 0 0   0 0  
Depreciation, depletion, and amortization 3,000,000 3,000,000   6,000,000 6,000,000  
Asset retirement obligation accretion 1,000,000 1,000,000   2,000,000 2,000,000  
Impairments   0     0  
Total operating expenses 19,000,000 17,000,000   36,000,000 36,000,000  
Operating income 16,000,000 15,000,000   34,000,000 37,000,000  
Other Income (Expense):            
Total assets 1,839,000,000 1,627,000,000   1,839,000,000 1,627,000,000  
Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales (32,000,000) (31,000,000)   (64,000,000) (72,000,000)  
Lease operating expenses 0 1,000,000   (1,000,000) 0  
Taxes other than income 0 0   0 0  
Exploration 0 4,000,000   2,000,000 6,000,000  
Depreciation, depletion, and amortization 0 0   0 0  
Asset retirement obligation accretion 0 0   0 0  
Impairments   0     0  
Total operating expenses (32,000,000) (27,000,000)   (62,000,000) (66,000,000)  
Operating income 0 (4,000,000)   (2,000,000) (6,000,000)  
Other Income (Expense):            
Total assets 1,000,000 114,000,000   1,000,000 114,000,000  
Oil and gas            
Segment Reporting Information [Line Items]            
Total revenues 1,756,000,000 752,000,000   3,627,000,000 2,096,000,000  
Oil and gas | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Total revenues 499,000,000 258,000,000   973,000,000 659,000,000  
Oil and gas | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Total revenues 247,000,000 138,000,000   525,000,000 435,000,000  
Oil and gas | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Total revenues 1,007,000,000 355,000,000   2,123,000,000 1,001,000,000  
Oil and gas | Reportable Legal Entities | Altus Midstream            
Segment Reporting Information [Line Items]            
Total revenues 35,000,000 32,000,000   70,000,000 73,000,000  
Oil and gas | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Total revenues (32,000,000) (31,000,000)   (64,000,000) (72,000,000)  
Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 1,514,000,000 697,000,000   2,945,000,000 1,933,000,000  
Purchased oil and gas sales 1,407,000,000 715,000,000   2,732,000,000 1,903,000,000  
Cost of goods and services sold 61,000,000 72,000,000   119,000,000 143,000,000  
Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 499,000,000 258,000,000   973,000,000 659,000,000  
Cost of goods and services sold 3,000,000 13,000,000   4,000,000 23,000,000  
Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 247,000,000 138,000,000   525,000,000 435,000,000  
Cost of goods and services sold 8,000,000 11,000,000   20,000,000 27,000,000  
Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 768,000,000 301,000,000   1,447,000,000 839,000,000  
Cost of goods and services sold 74,000,000 70,000,000   143,000,000 145,000,000  
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 goods and services sold 8,000,000 10,000,000   15,000,000 20,000,000  
Oil and gas, excluding purchased | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Cost of goods and services sold (32,000,000) (32,000,000)   (63,000,000) (72,000,000)  
Oil and gas, purchased            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales 242,000,000 55,000,000   682,000,000 163,000,000  
Cost of goods and services sold 262,000,000 46,000,000   756,000,000 132,000,000  
Oil and gas, purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales 0 0   0 0  
Cost of goods and services sold 0 0   0 0  
Oil and gas, purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales 0 0   0 0  
Cost of goods and services sold 0 0   0 0  
Oil and gas, purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales 239,000,000 54,000,000   676,000,000 162,000,000  
Cost of goods and services sold 259,000,000 46,000,000   751,000,000 131,000,000  
Oil and gas, purchased | Reportable Legal Entities | Altus Midstream            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales 3,000,000 1,000,000   6,000,000 1,000,000  
Cost of goods and services sold 3,000,000 0   5,000,000 1,000,000  
Oil and gas, purchased | Intersegment Eliminations & Other            
Segment Reporting Information [Line Items]            
Purchased oil and gas sales 0 0   0 0  
Cost of goods and services sold 0 0   0 0  
Oil | Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 1,141,000,000 513,000,000   2,132,000,000 1,545,000,000  
Oil | Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 432,000,000 187,000,000   834,000,000 520,000,000  
Oil | Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 216,000,000 128,000,000   457,000,000 399,000,000  
Oil | Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 493,000,000 198,000,000   841,000,000 626,000,000  
Oil | 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 | 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  
Natural Gas | Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 226,000,000 130,000,000   538,000,000 253,000,000  
Natural Gas | Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 65,000,000 70,000,000   135,000,000 135,000,000  
Natural Gas | Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 27,000,000 7,000,000   58,000,000 26,000,000  
Natural Gas | Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 134,000,000 53,000,000   345,000,000 92,000,000  
Natural Gas | 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 | 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  
Natural Gas liquids | Oil and gas, excluding purchased            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 147,000,000 54,000,000   275,000,000 135,000,000  
Natural Gas liquids | Oil and gas, excluding purchased | Operating Segments | Egypt            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 2,000,000 1,000,000   4,000,000 4,000,000  
Natural Gas liquids | Oil and gas, excluding purchased | Operating Segments | North Sea            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 4,000,000 3,000,000   10,000,000 10,000,000  
Natural Gas liquids | Oil and gas, excluding purchased | Operating Segments | U.S.            
Segment Reporting Information [Line Items]            
Oil, natural gas, and natural gas liquids production revenues 141,000,000 50,000,000   261,000,000 121,000,000  
Natural Gas liquids | 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 | 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