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BUSINESS SEGMENT INFORMATION - Financial Segment Information (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Operating Expenses: |  |  |  |  |  |
Lease operating expenses |  | $ 1,444 |  | $ 1,241 |  | $ 1,127
Taxes other than income |  | 268 |  | 204 |  | 123
Exploration |  | 305 |  | 155 |  | 274
Depreciation, depletion, and amortization |  | 1,233 |  | 1,360 |  | 1,772
Asset retirement obligation accretion |  | 117 |  | 113 |  | 109
Impairments |  | 0 |  | 208 |  | 4,501
Total operating expenses |  | 5,510 |  | 5,125 |  | 8,537
Operating Income (Loss) |  | 5,565 |  | 2,860 |  | (4,102)
Other Income (Expense): |  |  |  |  |  |
Gain on divestitures, net |  | 1,180 |  | 67 |  | 32
Losses on previously sold Gulf of Mexico properties |  | (157) |  | (446) |  | 0
Derivative instrument gains (losses), net |  | (114) |  | 94 |  | (223)
Other |  | 148 |  | 228 |  | 64
General and administrative |  | (483) |  | (376) |  | (290)
Transaction, reorganization, and separation |  | (26) |  | (22) |  | (54)
Financing costs, net |  | (379) |  | (514) |  | (267)
NET INCOME (LOSS) BEFORE INCOME TAXES |  | 5,734 |  | 1,891 |  | (4,840)
Total assets |  | 13,147 | [1] | 13,303 | [1] | 12,746
Net Property and Equipment |  | 9,012 | [1] | 8,335 | [1] | 8,819
Additions to Net Property and Equipment |  | 2,607 |  | 1,155 |  | 1,162
Operating Segments | Egypt |  |  |  |  |  |
Operating Expenses: |  |  |  |  |  |
Lease operating expenses |  | 526 |  | 469 |  | 424
Taxes other than income |  | 0 |  | 0 |  | 0
Exploration |  | 84 |  | 63 |  | 63
Depreciation, depletion, and amortization |  | 400 |  | 524 |  | 601
Asset retirement obligation accretion |  | 0 |  | 0 |  | 0
Impairments |  |  |  | 26 |  | 529
Total operating expenses |  | 1,032 |  | 1,094 |  | 1,655
Operating Income (Loss) |  | 2,489 |  | 991 |  | (265)
Other Income (Expense): |  |  |  |  |  |
Total assets |  | 3,148 |  | 2,796 |  | 3,003
Net Property and Equipment |  | 1,976 |  | 1,720 |  | 1,955
Additions to Net Property and Equipment |  | 695 |  | 319 |  | 454
Operating Segments | North Sea |  |  |  |  |  |
Operating Expenses: |  |  |  |  |  |
Lease operating expenses |  | 404 |  | 383 |  | 305
Taxes other than income |  | 0 |  | 0 |  | 0
Exploration |  | 35 |  | 34 |  | 28
Depreciation, depletion, and amortization |  | 238 |  | 270 |  | 380
Asset retirement obligation accretion |  | 82 |  | 79 |  | 73
Impairments |  |  |  | 22 |  | 7
Total operating expenses |  | 802 |  | 827 |  | 843
Operating Income (Loss) |  | 756 |  | 309 |  | 40
Other Income (Expense): |  |  |  |  |  |
Total assets |  | 1,911 |  | 2,199 |  | 2,220
Net Property and Equipment |  | 1,386 |  | 1,646 |  | 1,773
Additions to Net Property and Equipment |  | 210 |  | 159 |  | 215
Operating Segments | U.S. |  |  |  |  |  |
Operating Expenses: |  |  |  |  |  |
Lease operating expenses |  | 515 |  | 391 |  | 400
Taxes other than income |  | 265 |  | 190 |  | 108
Exploration |  | 24 |  | 28 |  | 168
Depreciation, depletion, and amortization |  | 593 |  | 554 |  | 779
Asset retirement obligation accretion |  | 34 |  | 30 |  | 32
Impairments |  |  |  | 0 |  | 3,963
Total operating expenses |  | 3,522 |  | 3,077 |  | 6,095
Operating Income (Loss) |  | 2,472 |  | 1,679 |  | (3,937)
Other Income (Expense): |  |  |  |  |  |
Total assets |  | 7,574 |  | 6,269 |  | 5,540
Net Property and Equipment |  | 5,226 |  | 4,507 |  | 4,760
Additions to Net Property and Equipment |  | 1,439 |  | 523 |  | 345
Reportable Legal Entities | Altus Midstream |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | 16 |  | 127 |  | 145
Operating Expenses: |  |  |  |  |  |
Lease operating expenses |  | 0 |  | 0 |  | 0
Taxes other than income |  | 3 |  | 14 |  | 15
Exploration |  | 0 |  | 0 |  | 0
Depreciation, depletion, and amortization |  | 2 |  | 12 |  | 12
Asset retirement obligation accretion |  | 1 |  | 4 |  | 4
Impairments |  |  |  | 160 |  | 2
Total operating expenses |  | 11 |  | 227 |  | 74
Operating Income (Loss) |  | 10 |  | (89) |  | 75
Other Income (Expense): |  |  |  |  |  |
Total assets |  | 0 |  | 1,698 |  | 1,786
Net Property and Equipment |  | 0 |  | 187 |  | 196
Additions to Net Property and Equipment |  | 0 |  | 3 |  | 12
Intersegment Eliminations & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | (16) |  | (127) |  | (145)
Operating Expenses: |  |  |  |  |  |
Lease operating expenses |  | (1) |  | (2) |  | (2)
Taxes other than income |  | 0 |  | 0 |  | 0
Exploration |  | 162 |  | 30 |  | 15
Depreciation, depletion, and amortization |  | 0 |  | 0 |  | 0
Asset retirement obligation accretion |  | 0 |  | 0 |  | 0
Impairments |  |  |  | 0 |  | 0
Total operating expenses |  | 143 |  | (100) |  | (130)
Operating Income (Loss) |  | (162) |  | (30) |  | (15)
Other Income (Expense): |  |  |  |  |  |
Total assets |  | 514 |  | 341 |  | 197
Net Property and Equipment |  | 424 |  | 275 |  | 135
Additions to Net Property and Equipment |  | 263 |  | 151 |  | 136
Oil and gas, excluding purchased |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues | [2] | 9,220 |  | 6,498 |  | 4,037
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased | [2] | 367 |  | 264 |  | 274
Oil and gas, excluding purchased | Operating Segments | Egypt |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 3,521 |  | 2,085 |  | 1,390
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 22 |  | 12 |  | 38
Oil and gas, excluding purchased | Operating Segments | North Sea |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 1,558 |  | 1,136 |  | 883
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 43 |  | 39 |  | 50
Oil and gas, excluding purchased | Operating Segments | U.S. |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 4,144 |  | 3,280 |  | 1,764
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 315 |  | 309 |  | 291
Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 0 |  | 0 |  | 0
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 5 |  | 32 |  | 38
Oil and gas, excluding purchased | Intersegment Eliminations & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | (3) |  | (3) |  |
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | (18) |  | (128) |  | (143)
Oil and gas, purchased |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | 1,855 |  | 1,487 |  | 398
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 1,776 |  | 1,580 |  | 357
Oil and gas, purchased | Operating Segments | Egypt |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | 0 |  | 0 |  | 0
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 0 |  | 0 |  | 0
Oil and gas, purchased | Operating Segments | North Sea |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | 0 |  | 0 |  | 0
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 0 |  | 0 |  | 0
Oil and gas, purchased | Operating Segments | U.S. |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | 1,850 |  | 1,476 |  | 394
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 1,776 |  | 1,575 |  | 354
Oil and gas, purchased | Reportable Legal Entities | Altus Midstream |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | 5 |  | 11 |  | 4
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 0 |  | 5 |  | 3
Oil and gas, purchased | Intersegment Eliminations & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue from contract with customer, including assessed tax |  | 0 |  | 0 |  | 0
Operating Expenses: |  |  |  |  |  |
Cost of oil and gas purchased |  | 0 |  | 0 |  | 0
Oil and gas |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenues |  | 11,075 |  | 7,985 |  | 4,435
Oil and gas | Operating Segments | Egypt |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenues |  | 3,521 |  | 2,085 |  | 1,390
Oil and gas | Operating Segments | North Sea |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenues |  | 1,558 |  | 1,136 |  | 883
Oil and gas | Operating Segments | U.S. |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenues |  | 5,994 |  | 4,756 |  | 2,158
Oil and gas | Reportable Legal Entities | Altus Midstream |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenues |  | 21 |  | 138 |  | 149
Oil and gas | Intersegment Eliminations & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenues |  | (19) |  | (130) |  | (145)
Oil revenues |  |  |  |  |  |
Other Income (Expense): |  |  |  |  |  |
Revenue from non-customers |  | 989 |  | 420 |  | 95
Oil revenues | Oil and gas, excluding purchased |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 6,835 |  | 4,585 |  | 3,106
Oil revenues | Oil and gas, excluding purchased | Operating Segments | Egypt |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 3,145 |  | 1,806 |  | 1,102
Oil revenues | Oil and gas, excluding purchased | Operating Segments | North Sea |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 1,232 |  | 929 |  | 795
Oil revenues | Oil and gas, excluding purchased | Operating Segments | U.S. |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 2,458 |  | 1,850 |  | 1,209
Oil revenues | Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 0 |  | 0 |  | 0
Oil revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 0 |  | 0 |  | 0
Natural Gas |  |  |  |  |  |
Other Income (Expense): |  |  |  |  |  |
Revenue from non-customers |  | 117 |  | 47 |  | 14
Natural Gas | Oil and gas, excluding purchased |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 1,569 |  | 1,207 |  | 598
Natural Gas | Oil and gas, excluding purchased | Operating Segments | Egypt |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 370 |  | 270 |  | 280
Natural Gas | Oil and gas, excluding purchased | Operating Segments | North Sea |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 281 |  | 183 |  | 67
Natural Gas | Oil and gas, excluding purchased | Operating Segments | U.S. |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 918 |  | 754 |  | 251
Natural Gas | Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 0 |  | 0 |  | 0
Natural Gas | Oil and gas, excluding purchased | Intersegment Eliminations & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 0 |  | 0 |  | 0
Natural Gas Liquids |  |  |  |  |  |
Other Income (Expense): |  |  |  |  |  |
Revenue from non-customers |  | 2 |  | 2 |  | 0
Natural Gas Liquids | Oil and gas, excluding purchased |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 816 |  | 706 |  | 333
Natural Gas Liquids | Oil and gas, excluding purchased | Operating Segments | Egypt |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 6 |  | 9 |  | 8
Natural Gas Liquids | Oil and gas, excluding purchased | Operating Segments | North Sea |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 45 |  | 24 |  | 21
Natural Gas Liquids | Oil and gas, excluding purchased | Operating Segments | U.S. |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 768 |  | 676 |  | 304
Natural Gas Liquids | Oil and gas, excluding purchased | Reportable Legal Entities | Altus Midstream |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | 0 |  | 0 |  | 0
Natural Gas Liquids | Oil and gas, excluding purchased | Intersegment Eliminations & Other |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Oil, natural gas, and natural gas liquids production revenues |  | $ (3) |  | $ (3) |  | $ 0
[1] | (1) The Altus VIE amounts are disclosed as of December 31, 2021. All Altus balances were deconsolidated as of February 22, 2022. Refer to Note 1—Summary of Significant Accounting Policies and Note 2—Acquisitions and Divestitures for further detail.
[2] | (1) For revenues and gathering, processing, and transmission costs associated with Kinetik, refer to Note 6—Equity Method Interest for further detail.

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