Assets Held for Sale

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Assets Held for Sale

3. Assets Held for Sale

Certain U.S. onshore assets in East Texas/Louisiana included in the oil and gas exploration and production reporting segment satisfied criteria to be considered held for sale during the first quarter of 2016. The sale of these assets closed in April 2016 for a sales price of $107 million, subject to closing adjustments. At March 31, 2016, the balances of assets and liabilities associated with assets held for sale were not material.