v3.25.2
BUSINESS SEGMENT INFORMATION - Schedule of Financial Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Operating Expenses:          
Lease operating expenses $ 367 $ 460 $ 774 $ 798  
Taxes other than income 54 78 128 135  
Exploration 43 71 73 219  
Depreciation, depletion, and amortization 530 588 1,173 1,018  
Asset retirement obligation accretion 39 36 78 76  
Total operating expenses 1,441 1,564 3,212 2,824  
Operating Income (Loss) 737 979 1,602 1,670  
Other Income (Expense):          
Derivative instrument gains (losses), net 138 (3) 110 (7)  
Loss on offshore decommissioning contingency   (17)   (83)  
Gain on divestitures, net 282 276 280 283  
Other, net 14 (7) 20 8  
General and administrative (66) (85) (164) (178)  
Transaction, reorganization, and separation (11) (115) (48) (142)  
Financing costs, net (66) (100) (9) (176)  
NET INCOME BEFORE INCOME TAXES 1,028 928 1,791 1,375  
Total Assets 18,078 20,195 18,078 20,195 $ 19,390
Leasehold impairments 0 0 0 10  
Operating Segments | U.S.          
Operating Expenses:          
Lease operating expenses 196 220 396 360  
Taxes other than income 54 78 128 135  
Exploration 1 37 3 107  
Depreciation, depletion, and amortization 328 361 747 575  
Asset retirement obligation accretion 11 10 21 25  
Total operating expenses 979 1,014 2,243 1,737  
Operating Income (Loss) 403 516 852 772  
Other Income (Expense):          
Total Assets 12,752 14,075 12,752 14,075  
Operating Segments | Egypt          
Operating Expenses:          
Lease operating expenses 100 123 210 243  
Taxes other than income 0 0 0 0  
Exploration 40 25 60 56  
Depreciation, depletion, and amortization 149 152 302 297  
Asset retirement obligation accretion 0 0 0 0  
Total operating expenses 296 307 584 609  
Operating Income (Loss) 334 439 719 871  
Other Income (Expense):          
Total Assets 3,386 3,740 3,386 3,740  
Operating Segments | North Sea          
Operating Expenses:          
Lease operating expenses 71 117 168 195  
Taxes other than income 0 0 0 0  
Exploration 0 1 1 1  
Depreciation, depletion, and amortization 53 75 124 146  
Asset retirement obligation accretion 28 26 57 51  
Total operating expenses 164 235 376 423  
Operating Income (Loss) 2 32 40 82  
Other Income (Expense):          
Total Assets 1,163 1,844 1,163 1,844  
Intersegment Eliminations & Other          
Operating Expenses:          
Lease operating expenses 0 0 0 0  
Taxes other than income 0 0 0 0  
Exploration 2 8 9 55  
Depreciation, depletion, and amortization 0 0 0 0  
Asset retirement obligation accretion 0 0 0 0  
Total operating expenses 2 8 9 55  
Operating Income (Loss) (2) (8) (9) (55)  
Other Income (Expense):          
Total Assets 777 536 777 536  
Oil and gas          
Segment Reporting Information [Line Items]          
Revenues 2,178 2,543 4,814 4,494  
Oil and gas | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Revenues 1,382 1,530 3,095 2,509  
Oil and gas | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Revenues 630 746 1,303 1,480  
Oil and gas | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Revenues 166 267 416 505  
Oil and gas | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Revenues 1,718 2,201 3,757 3,949  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 104 121 208 205  
Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Revenues 922 1,188 2,038 1,964  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 85 98 170 162  
Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Revenues 630 746 1,303 1,480  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 7 7 12 13  
Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Revenues 166 267 416 505  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 12 16 26 30  
Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 0 0 0 0  
Purchased oil and gas          
Segment Reporting Information [Line Items]          
Revenues 460 342 1,057 545  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 304 210 778 373  
Purchased oil and gas | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Revenues 460 342 1,057 545  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 304 210 778 373  
Purchased oil and gas | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 0 0 0 0  
Purchased oil and gas | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 0 0 0 0  
Purchased oil and gas | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Operating Expenses:          
Gathering, processing, and transmission & purchased oil and gas costs 0 0 0 0  
Oil revenues          
Other Income (Expense):          
Revenue from non-customers 125 177 276 351  
Oil revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Revenues 1,381 1,907 2,981 3,339  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Revenues 730 1,021 1,546 1,609  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Revenues 521 673 1,103 1,330  
Oil revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Revenues 130 213 332 400  
Oil revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Natural gas revenues          
Other Income (Expense):          
Revenue from non-customers 26 19 50 40  
Natural gas revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Revenues 184 135 417 311  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Revenues 48 15 152 72  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Revenues 109 73 200 150  
Natural gas revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Revenues 27 47 65 89  
Natural gas revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Natural gas liquids revenues | Oil and gas, excluding purchased          
Segment Reporting Information [Line Items]          
Revenues 153 159 359 299  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | U.S.          
Segment Reporting Information [Line Items]          
Revenues 144 152 340 283  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | Egypt          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Natural gas liquids revenues | Oil and gas, excluding purchased | Operating Segments | North Sea          
Segment Reporting Information [Line Items]          
Revenues 9 7 19 16  
Natural gas liquids revenues | Oil and gas, excluding purchased | Intersegment Eliminations & Other          
Segment Reporting Information [Line Items]          
Revenues $ 0 $ 0 $ 0 $ 0