Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

We have operations throughout the world and manage our operations by country. The following information is grouped into four components that are all in the business of crude oil and natural gas exploration, development, production, and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon, and Sierra Leone); Eastern Mediterranean (Israel and Cyprus); and Other International and Corporate. Other International includes China, the North Sea, Falkland Islands, Nicaragua and new ventures. The North Sea geographical segment is included in continuing operations in 2014 and discontinued operations in 2013.

(millions)	Consolidated			United States			West Africa		Eastern Mediterranean		Other Int'l & Corporate
Three Months Ended June 30, 2014
Revenues from Third Parties	$	1,338		$	842		$	339	$	113	$	44
Income from Equity Method Investees	45			—			45		—		—
Total Revenues	1,383			842			384		113		44
DD&A	413			311			72		15		15
Gain on Divestitures	(44		)	(8		)	—		—		(36		)
Asset Impairments	34			18			—		14		2
Income (Loss) from Continuing Operations Before Income Taxes	233			199			204		44		(214		)
Three Months Ended June 30, 2013
Revenues from Third Parties	$	1,112		$	683		$	290	$	101	$	38
Income from Equity Method Investees	37			—			37		—		—
Total Revenues	1,149			683			327		101		38
DD&A	368			258			63		27		20
Loss on Divestitures	4			—			4		—		—
Asset Impairments	—			—			—		—		—
Income (Loss) from Continuing Operations Before Income Taxes	486			320			268		44		(146		)
Six Months Ended June 30, 2014
Revenues from Third Parties	$	2,665		$	1,684		$	662	$	225	$	94
Income from Equity Method Investees	97			—			97		—		—
Total Revenues	2,762			1,684			759		225		94
DD&A	837			619			148		29		41
Gain on Divestitures	(42		)	(6		)	—		—		(36		)
Asset Impairments	131			23			—		14		94
Income (Loss) from Continuing Operations Before Income Taxes	510			382			465		121		(458		)
Six Months Ended June 30, 2013
Revenues from Third Parties	$	2,196		$	1,399		$	563	$	152	$	82
Income from Equity Method Investees	96			—			96		—		—
Total Revenues	2,292			1,399			659		152		82
DD&A	734			524			117		55		38
Gain on Divestitures	(12		)	(12		)	—		—		—
Asset Impairments	—			—			—		—		—
Income (Loss) from Continuing Operations Before Income Taxes	804			563			499		59		(317		)
June 30, 2014
Total Assets	$	20,575		$	14,175		$	3,152	$	2,762	$	486
December 31, 2013
Total Assets	19,598			13,094			3,199		2,753		552