Segment Information

3 Months Ended

Mar. 31, 2012

Note 11. Segment Information

We have operations throughout the world and manage our operations by country. The following information is grouped into five components that are all primarily in the business of crude oil and natural gas exploration, development, and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon, Senegal/Guinea-Bissau); Eastern Mediterranean (Israel and Cyprus); the North Sea (UK and the Netherlands); and Other International and Corporate. Other International includes China, Ecuador (in first quarter 2011), and new ventures.

	Consolidated		United States			West Africa		Eastern Mediter- ranean		North Sea		Other Int'l and Corporate
(millions)
Three Months Ended March 31, 2012
Revenues from Third Parties	$	1,112	$	554		$	383	$	44	$	75	$	56
Income from Equity Method Investees		53		2			51		-		-		-
Total Revenues		1,165		556			434		44		75		56
DD&A		312		198			73		5		18		18
(Gain) Loss on Commodity Derivative Instruments		96		(9	)		105		-		-		-
Income (Loss) Before Income Taxes		374		193			227		32		40		(118	)
Three Months Ended March 31, 2011
Revenues from Third Parties	$	851	$	505		$	130	$	52	$	114	$	50
Income from Equity Method Investees		48		-			48		-		-		-
Total Revenues		899		505			178		52		114		50
DD&A		221		167			10		4		28		12
Loss on Commodity Derivative Instruments		286		192			94		-		-		-
Income (Loss) Before Income Taxes		37		(37	)		74		39		68		(107	)

March 31, 2012
Goodwill	$	696	$	696		$	-	$	-	$	-	$	-
Total Assets		17,064		11,220			2,948		2,107		458		331
December 31, 2011
Goodwill		696		696			-		-		-		-
Total Assets		16,444		11,201			2,728		1,751		544		220