|
Assets Held for Sale or Sold
|
3 Months Ended |
|---|---|
|
Mar. 31, 2013
|
|
| Assets Held for Sale or Sold [Abstract] | |
| Assets Held for Sale or Sold | Note 6—Assets Held for Sale or Sold
Our interest in Kashagan and the Algerian and Nigerian business units were considered held for sale at March 31, 2013. These assets are classified as discontinued operations. See Note 3—Discontinued Operations, for additional information.
In March 2013, we sold the majority of our properties in the Cedar Creek Anticline for $989 million and recognized a before-tax loss on disposition of $62 million, which was included in the “Gain on dispositions” line on our consolidated income statement. At the time of the disposition, the carrying value of our interest, which was included in the Lower 48 and Latin America segment, was $1,051 million, which included $1,079 million of properties, plants and equipment (PP&E) and $28 million of asset retirement obligations. |