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ACQUISITIONS AND DIVESTITURES (Tables)
9 Months Ended
Sep. 30, 2018
Elk Hills  
ACQUISITIONS AND DIVESTITURES  
Summary of total consideration, including customary closing adjustments, and allocation of the consideration based on fair value of assets acquired as of acquisition date

The following table summarizes the total consideration, including customary closing adjustments, and the allocation of the consideration based on the fair value of the assets acquired as of the acquisition date (in millions):

 

 

 

 

 

Consideration:

    

 

 

Cash

 

$

462

Purchase price adjustments

 

 

(2)

Common stock issued (2.85 million shares)

 

 

51

Liabilities assumed

 

 

 7

 

 

$

518

 

 

 

 

Identifiable assets acquired:

 

 

 

Proved properties

 

$

435

Other property and equipment

 

 

77

Materials and supplies

 

 

 6

 

 

$

518