Segment Information

6 Months Ended

Jun. 30, 2016

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 (which we exited in second quarter 2015)); Eastern Mediterranean (Israel and Cyprus); and Other International and Corporate. Other International includes the North Sea, Falkland Islands, Suriname, Nicaragua (which we exited in first quarter 2015) and new ventures.

(millions)	Consolidated			United States			West Africa			Eastern Mediterranean		Other Int'l & Corporate
Three Months Ended June 30, 2016
Revenues from Third Parties	$	823		$	576		$	116		$	131	$	—
Income from Equity Method Investees	24			15			9			—		—
Total Revenues	847			591			125			131		—
DD&A	622			544			49			19		10
Loss on Divestitures	23			23			—			—		—
Loss on Commodity Derivative Instruments	151			129			22			—		—
(Loss) Income Before Income Taxes	(498		)	(183		)	18			71		(404		)
Three Months Ended June 30, 2015
Revenues from Third Parties	$	732		$	451		$	174		$	106	$	1
Income (Loss) from Equity Method Investees	6			8			(2		)	—		—
Total Revenues	738			459			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			—		—
(Loss) Income Before Income Taxes	(293		)	(163		)	23			69		(222		)
Six Months Ended June 30, 2016
Revenues from Third Parties	$	1,528		$	1,065		$	206		$	257	$	—
Income from Equity Method Investees	43			31			12			—		—
Total Revenues	1,571			1,096			218			257		—
DD&A	1,239			1,074			104			39		22
Loss on Divestitures	23			23			—			—		—
Loss on Commodity Derivative Instruments	107			92			15			—		—
(Loss) Income Before Income Taxes	(951		)	(475		)	27			155		(658		)
Six Months Ended June 30, 2015
Revenues from Third Parties	$	1,481		$	938		$	312		$	226	$	5
Income from Equity Method Investees	24			19			5			—		—
Total Revenues	1,505			957			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		)	—		—
(Loss) Income Before Income Taxes	(334		)	(164		)	97			120		(387		)
June 30, 2016
Total Assets	$	22,516		$	17,742		$	2,087		$	2,424	$	263
December 31, 2015
Total Assets	24,196			18,831			2,299			2,677		389