XML 80 R51.htm IDEA: XBRL DOCUMENT
v3.22.4

Business Segments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Revenue by Major Customers | Customers that accounted for 10% or more of the Company’s sales revenue for each of the below three years ended December 31, are shown below.
| 2022 |  | 2021 |  | 2020
Chevron Corporation | 19 | % |  | 30 | % |  | 24 | %
ExxonMobil Corporation | 12 | % |  | N/A |  | N/A
Phillips 66 | N/A |  | N/A |  | 18 | %
Segment Information |
| Exploration and Production |  |  |  |  |  |
(Millions of dollars) | United States 1 |  | Canada |  | Other |  | Total E&P |  | Corporate and Other |  | Discontinued Operations |  | Consolidated Total
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Segment income (loss) - including NCI 1 | $ | 1,521.9 |  |  | $ | 134.2 |  |  | $ | (77.0) |  |  | $ | 1,579.1 |  |  | $ | (438.3) |  |  | $ | (2.1) |  |  | $ | 1,138.7 |
Revenues from external customers | 3,461.2 |  |  | 762.9 |  |  | 23.0 |  |  | 4,247.1 |  |  | (314.4) |  |  | — |  |  | 3,932.7 |
Interest and other income (loss) | (6.6) |  |  | (1.9) |  |  | (0.5) |  |  | (9.0) |  |  | 23.3 |  |  | — |  |  | 14.3 |
Interest expense, net of capitalization | (0.1) |  |  | — |  |  | (0.3) |  |  | (0.4) |  |  | (150.4) |  |  | — |  |  | (150.8) |
Income tax expense (benefit) | 370.8 |  |  | 43.6 |  |  | 2.9 |  |  | 417.3 |  |  | (107.8) |  |  | — |  |  | 309.5 |
Significant noncash charges (credits) |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 617.0 |  |  | 141.5 |  |  | 5.4 |  |  | 763.9 |  |  | 12.9 |  |  | — |  |  | 776.8 |
Accretion of asset retirement obligations | 36.5 |  |  | 9.6 |  |  | 0.1 |  |  | 46.2 |  |  | — |  |  | — |  |  | 46.2 |
Amortization of undeveloped leases | 8.7 |  |  | 0.2 |  |  | 4.4 |  |  | 13.3 |  |  | — |  |  | — |  |  | 13.3 |
Deferred and noncurrent income taxes | 362.7 |  |  | 34.8 |  |  | 0.6 |  |  | 398.1 |  |  | (112.0) |  |  | — |  |  | 286.1 |
Additions to property, plant, equipment | 838.6 |  |  | 208.5 |  |  | (5.7) |  |  | 1,041.4 |  |  | 21.9 |  |  | — |  |  | 1,063.3 |
Total assets at year-end | 6,930.6 |  |  | 2,125.6 |  |  | 217.4 |  |  | 9,273.6 |  |  | 1,034.6 |  |  | 0.8 |  |  | 10,309.0 |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Segment income (loss) - including NCI 1 | $ | 766.3 |  |  | (16.1) |  |  | (33.5) |  |  | 716.7 |  |  | $ | (668.0) |  |  | (1.2) |  |  | 47.5 |
Revenues from external customers | 2,337.5 |  |  | 476.3 |  |  | 4.9 |  |  | 2,818.7 |  |  | (519.4) |  |  | — |  |  | 2,299.3 |
Interest and other income (loss) | (11.6) |  |  | (1.9) |  |  | 3.2 |  |  | (10.3) |  |  | (6.5) |  |  | — |  |  | (16.8) |
Interest expense, net of capitalization | — |  |  | — |  |  | (0.2) |  |  | (0.2) |  |  | (221.6) |  |  | — |  |  | (221.8) |
Income tax expense (benefit) | 183.9 |  |  | (1.7) |  |  | (9.5) |  |  | 172.7 |  |  | (178.6) |  |  | — |  |  | (5.9) |
Significant noncash charges (credits) |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment of assets | — |  |  | 171.3 |  |  | 18.0 |  |  | 189.3 |  |  | 7.0 |  |  | — |  |  | 196.3 |
Depreciation, depletion and amortization | 616.5 |  |  | 163.8 |  |  | 1.8 |  |  | 782.1 |  |  | 13.0 |  |  | — |  |  | 795.1 |
Accretion of asset retirement obligations | 36.9 |  |  | 9.7 |  |  | — |  |  | 46.6 |  |  | — |  |  | — |  |  | 46.6 |
Amortization of undeveloped leases | 11.1 |  |  | 0.2 |  |  | 7.6 |  |  | 18.9 |  |  | — |  |  | — |  |  | 18.9 |
Deferred and noncurrent income taxes | 176.3 |  |  | (1.9) |  |  | (8.0) |  |  | 166.4 |  |  | (170.5) |  |  | — |  |  | (4.1) |
Additions to property, plant, equipment | 519.5 |  |  | 52.7 |  |  | 13.1 |  |  | 585.3 |  |  | — |  |  | — |  |  | 585.3 |
Total assets at year-end | 6,591.6 |  |  | 2,231.9 |  |  | 259.8 |  |  | 9,083.3 |  |  | 1,220.8 |  |  | 0.8 |  |  | 10,304.9 |
| Exploration and Production |  |  |  |  |  |
(Millions of dollars) | United States 1 |  | Canada |  | Other |  | Total E&P |  | Corporate and Other |  | Discontinued Operations |  | Consolidated Total
Year ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Segment income (loss) - including NCI 1 | $ | (1,014.3) |  |  | $ | (35.0) |  |  | $ | (85.6) |  |  | $ | (1,134.9) |  |  | $ | (120.3) |  |  | $ | (7.2) |  |  | $ | (1,262.4) |
Revenues from external customers | 1,411.8 |  |  | 345.8 |  |  | 1.8 |  |  | 1,759.4 |  |  | 207.9 |  |  | — |  |  | 1,967.3 |
Interest and other income (loss) | (9.9) |  |  | 0.8 |  |  | 0.8 |  |  | (8.2) |  |  | (9.1) |  |  | — |  |  | (17.3) |
Interest expense, net of capitalization | — |  |  | (0.5) |  |  | (0.4) |  |  | (0.9) |  |  | (168.5) |  |  | — |  |  | (169.4) |
Income tax expense (benefit) | (244.2) |  |  | (21.4) |  |  | 2.1 |  |  | (263.5) |  |  | (30.2) |  |  | — |  |  | (293.7) |
Significant noncash charges (credits) |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment of assets | 1,152.5 |  |  | — |  |  | 39.7 |  |  | 1,192.2 |  |  | 14.1 |  |  | — |  |  | 1,206.3 |
Depreciation, depletion and amortization | 749.4 |  |  | 213.2 |  |  | 2.3 |  |  | 964.9 |  |  | 22.3 |  |  | — |  |  | 987.2 |
Accretion of asset retirement obligations | 36.6 |  |  | 5.5 |  |  | — |  |  | 42.1 |  |  | — |  |  | — |  |  | 42.1 |
Amortization of undeveloped leases | 17.2 |  |  | 0.4 |  |  | 9.1 |  |  | 26.7 |  |  | — |  |  | — |  |  | 26.7 |
Deferred and noncurrent income taxes | (244.2) |  |  | (10.6) |  |  | 1.9 |  |  | (252.9) |  |  | (25.1) |  |  | — |  |  | (278.0) |
Additions to property, plant, equipment | 623.1 |  |  | 118.3 |  |  | 15.2 |  |  | 756.6 |  |  | — |  |  | — |  |  | 756.6 |
Total assets at year-end | 6,915.5 |  |  | 2,404.1 |  |  | 267.7 |  |  | 9,587.3 |  |  | 1,032.9 |  |  | 0.7 |  |  | 10,620.9 |
1 Includes results attributable to a noncontrolling interest in MP GOM.
Geographic Information | Certain long-lived assets at December 31 1
(Millions of dollars) | United States |  | Canada |  | Other |  | Total
2022 | $ | 6,562.8 |  |  | $ | 1,499.1 |  |  | $ | 166.1 |  |  | $ | 8,228.0 |
2021 | 6,371.4 |  |  | 1,566.9 |  |  | 189.6 |  |  | 8,127.9 |
2020 | 6,395.7 |  |  | 1,702.5 |  |  | 170.8 |  |  | 8,269.0 |
1 Certain long-lived assets at December 31 exclude investments, right-of-use operating lease assets, non-current receivables, deferred tax assets and other intangible assets.

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration