Segment Information

6 Months Ended

Jun. 30, 2015

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, Gabon, and Sierra Leone); Eastern Mediterranean (Israel and Cyprus); and Other International and Corporate. Other International includes the North Sea, China (through June 30, 2014), Falkland Islands, Nicaragua (which we have exited) and new ventures.

(millions)	Consolidated			United States			West Africa			Eastern Mediterranean		Other Int'l & Corporate
Three Months Ended June 30, 2015
Revenues from Third Parties	$	722		$	441		$	174		$	106	$	1
Income (Loss) from Equity Method Investees	6			8			(2		)	—		—
Other	2			2			—			—		—
Total Revenues	730			451			172			106		1
DD&A	451			344			79			15		13
Gain on Divestitures	(1		)	(1		)	—			—		—
Asset Impairments	15			8			—			7		—
Loss on Commodity Derivative Instruments	87			62			25			—		—
Income (Loss) Before Income Taxes	(293		)	(163		)	23			69		(222		)
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
Loss on Commodity Derivative Instruments	236			170			66			—		—
Income (Loss) Before Income Taxes	233			199			204			44		(214		)
Six Months Ended June 30, 2015
Revenues from Third Parties	$	1,462		$	919		$	312		$	226	$	5
Income from Equity Method Investees	24			19			5			—		—
Other	4			4			—			—		—
Total Revenues	1,490			942			317			226		5
DD&A	905			701			156			30		18
Gain on Divestitures	—			—			—			—		—
Asset Impairments	43			11			—			32		—
Gain on Commodity Derivative Instruments	(63		)	(43		)	(20		)	—		—
Income (Loss) Before Income Taxes	(334		)	(164		)	97			120		(387		)
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
Loss on Commodity Derivative Instruments	311			246			65			—		—
Income (Loss) Before Income Taxes	510			382			465			121		(458		)
June 30, 2015
Total Assets	$	22,685		$	16,755		$	2,628		$	2,802	$	500
December 31, 2014
Total Assets	22,553			16,400			2,763			2,806		584