Segment Information

9 Months Ended

Sep. 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, Sierra Leone, and Gabon); Eastern Mediterranean (Israel and Cyprus); and Other International and Corporate. Other International includes the North Sea, China (through June 30, 2014), Falkland Islands, Nicaragua and new ventures. The North Sea geographical segment is included in continuing operations in 2014 and discontinued operations in 2013. Income (loss) from continuing operations before income taxes for the United States and West Africa includes gains and losses on commodity derivative instruments.

(millions)	Consolidated			United States			West Africa		Eastern Mediterranean		Other Int'l & Corporate
Three Months Ended September 30, 2014
Revenues from Third Parties	$	1,228		$	819		$	269	$	138	$	2
Income from Equity Method Investees	41			—			41		—		—
Total Revenues	1,269			819			310		138		2
DD&A	460			351			70		17		22
Gain on Divestitures	(30		)	(30		)	—		—		—
Asset Impairments	33			33			—		—		—
Income (Loss) from Continuing Operations Before Income Taxes	576			457			321		90		(292		)
Three Months Ended September 30, 2013
Revenues from Third Parties	$	1,341		$	810		$	372	$	122	$	37
Income from Equity Method Investees	53			—			53		—		—
Total Revenues	1,394			810			425		122		37
DD&A	412			295			72		26		19
Gain on Divestitures	—			—			—		—		—
Asset Impairments	63			16			—		47		—
Income (Loss) from Continuing Operations Before Income Taxes	311			183			223		34		(129		)
Nine Months Ended September 30, 2014
Revenues from Third Parties	$	3,893		$	2,503		$	931	$	363	$	96
Income from Equity Method Investees	138			—			138		—		—
Total Revenues	4,031			2,503			1,069		363		96
DD&A	1,297			970			218		46		63
Gain on Divestitures	(72		)	(36		)	—		—		(36		)
Asset Impairments	164			56			—		14		94
Income (Loss) from Continuing Operations Before Income Taxes	1,085			838			786		211		(750		)
Nine Months Ended September 30, 2013
Revenues from Third Parties	$	3,537		$	2,209		$	935	$	274	$	119
Income from Equity Method Investees	150			—			150		—		—
Total Revenues	3,687			2,209			1,085		274		119
DD&A	1,146			819			189		81		57
Gain on Divestitures	(12		)	(12		)	—		—		—
Asset Impairments	63			16			—		47		—
Income (Loss) from Continuing Operations Before Income Taxes	1,115			746			722		93		(446		)
September 30, 2014
Total Assets	$	21,186		$	15,069		$	2,930	$	2,855	$	332
December 31, 2013
Total Assets	19,598			13,094			3,199		2,753		552