XML 91 R63.htm IDEA: XBRL DOCUMENT v3.24.0.1
Acquisitions and Dispositions - Narrative (Details)
$ in Billions
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Oct. 04, 2023
USD ($)
Oct. 04, 2023
CAD ($)
Sep. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Feb. 28, 2022
USD ($)
Feb. 28, 2021
USD ($)
Jan. 31, 2021
USD ($)
Dec. 31, 2023
USD ($)
$ / bbl
$ / MMBTU
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
a
Dec. 31, 2023
USD ($)
$ / bbl
$ / MMBTU
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
a
Oct. 04, 2023
CAD ($)
Mar. 31, 2023
Dec. 31, 2020
USD ($)
Business Acquisition [Line Items]                                
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]                     Gain (Loss) on Disposition of Property Plant Equipment          
Foreign currency transaction (gain) loss                     $ 92,000,000 $ (100,000,000) $ (22,000,000)      
Operating revenues and other income                     58,574,000,000 82,156,000,000 48,349,000,000      
Net Income (Loss)                     10,957,000,000 18,680,000,000 8,079,000,000      
Income tax provision (benefit)                     $ 5,331,000,000 9,548,000,000 4,633,000,000      
Lower 48                                
Business Acquisition [Line Items]                                
Before-tax gain (loss) on disposition                   $ 58,000,000            
Proceeds from sale of business                   250,000,000            
Previous Dispositions | Lower 48                                
Business Acquisition [Line Items]                                
Contingent payment calculation, threshold U.S. Henry Hub price | $ / MMBTU               3.20     3.20          
Contingent payment calculation, monthly payment               $ 7,000,000     $ 7,000,000          
Previous Dispositions | Canada and Lower 48                                
Business Acquisition [Line Items]                                
Disposal group, including discontinued operation, contingent payment                     $ 7,000,000 451,000,000 369,000,000      
Previous Dispositions | Canada                                
Business Acquisition [Line Items]                                
Contingent payment calculation, cost per one Canadian dollar               6,000,000     6,000,000          
Threshold average crude price per barrel | $ / bbl               52     52          
Barossa Project | Asia Pacific                                
Business Acquisition [Line Items]                                
Before-tax gain (loss) on disposition                 $ 200,000,000              
Receivable in dispute                 200,000,000             $ 200,000,000
Noncore Exploration Interests                                
Business Acquisition [Line Items]                                
Before-tax gain (loss) on disposition                   $ (179,000,000)            
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Certain Noncore Assets | Lower 48                                
Business Acquisition [Line Items]                                
Before-tax gain (loss) on disposition                       0        
Proceeds from sale of business                       680,000,000        
Net carrying value                       680,000,000        
Disposal group including discontinued operation, net carrying value, asset                       825,000,000        
Disposal group including discontinued operation, net carrying value, PP&E                       818,000,000        
Disposal group, including discontinued operation, liabilities                       145,000,000        
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Subsidiaries Holding Indonesia Assets And Operations                                
Business Acquisition [Line Items]                                
Before-tax gain (loss) on disposition       $ 534,000,000                        
Proceeds from sale of business       731,000,000                        
Net carrying value       200,000,000                        
Disposal group including discontinued operation, net carrying value, PP&E       300,000,000                        
Gain (loss) on disposal, net of tax       462,000,000                        
Disposal group including discontinued operation, net carrying value, cash and cash equivalents       200,000,000                        
Disposal group, including discontinued operation, asset retirement obligation       $ 100,000,000                        
Disposal group, including discontinued operation, income (loss) before taxes                       $ 138,000,000 604,000,000      
Assets Acquisition In The Lower 48 Segment                                
Business Acquisition [Line Items]                                
Asset acquisition, consideration transferred     $ 236,000,000                          
QatarEnergy LNG NFS(3)                                
Business Acquisition [Line Items]                                
Equity interest of ConocoPhillips               25.00%     25.00% 25.00%        
North Field South | QatarEnergy LNG NFS(3)                                
Business Acquisition [Line Items]                                
Investment, ownership percentage                       25.00%        
Port Arthur LNG                                
Business Acquisition [Line Items]                                
Equity interest of ConocoPhillips               30.00%     30.00%       30.00%  
Port Arthur LNG | Sempra                                
Business Acquisition [Line Items]                                
Investment, ownership percentage               70.00%     70.00%          
Australia Pacific APLNG                                
Business Acquisition [Line Items]                                
Equity interest of ConocoPhillips         47.50%     47.50%     47.50%          
Additional ownership percentage in equity investment acquired         10.00%                      
Payments to acquire additional interest         $ 1,400,000,000                      
Australia Pacific APLNG | Origin Energy                                
Business Acquisition [Line Items]                                
Investment, ownership percentage         27.50%                      
Australia Pacific APLNG | Sinopec                                
Business Acquisition [Line Items]                                
Investment, ownership percentage         25.00%                      
North Field East LNG Project | QatarEnergy LNG NFS(3)                                
Business Acquisition [Line Items]                                
Investment, ownership percentage               25.00%     25.00%          
North Field East LNG Project | QatarEnergy LNG NFE(4)                                
Business Acquisition [Line Items]                                
Investment, ownership percentage               12.50%     12.50% 12.50%        
Indonesia Corridor Block Production Sharing Contract | Subsidiaries Holding Indonesia Assets And Operations                                
Business Acquisition [Line Items]                                
Investment, ownership percentage       54.00%                        
Transasia Pipeline Company | Subsidiaries Holding Indonesia Assets And Operations                                
Business Acquisition [Line Items]                                
Investment, ownership percentage       35.00%                        
QatarEnergy LNG NFE(4)                                
Business Acquisition [Line Items]                                
Equity interest of ConocoPhillips               25.00%     25.00% 25.00%        
Surmont                                
Business Acquisition [Line Items]                                
Interest acquired 50.00%                         50.00%    
Interest subsequently acquired 100.00%                         100.00%    
Total consideration $ 3,005,000,000 $ 4.1                            
Business acquisition, maximum payment $ 320,000,000                         $ 0.4    
Business acquisition, contingent payment term 5 years 5 years                            
Business acquisition, cost per every dollar exceeding threshold $ 2,000,000                              
Business acquisition, threshold 52                              
Contingent consideration, outcome, low $ 0                              
Contingent consideration, outcome, high 300,000,000                              
Proved properties 2,900,000,000                              
Unproved properties 200,000,000                              
Operating revenues and other income               $ 572,000,000                
Net Income (Loss)               $ 119,000,000                
Surmont | Foreign Exchange Forward                                
Business Acquisition [Line Items]                                
Foreign currency transaction (gain) loss $ 112,000,000                              
Concho Resources Incorporated                                
Business Acquisition [Line Items]                                
Total consideration             $ 13,100,000,000                  
Operating revenues and other income                         6,571,000,000      
Net Income (Loss)                         2,330,000,000      
Share exchange ratio             1.46                  
Transaction Cost                 $ 157,000,000       157,000,000      
Concho Resources Incorporated | Commodity                                
Business Acquisition [Line Items]                                
Before tax loss                         305,000,000      
After tax loss                         233,000,000      
Concho Resources Incorporated | Concho Resources Inc.                                
Business Acquisition [Line Items]                                
Income tax provision (benefit)           $ 75,000,000                    
Shell Permian Assets                                
Business Acquisition [Line Items]                                
Total consideration                         8,600,000,000      
Transaction Cost                         $ 44,000,000      
Area of land | a                   225,000     225,000