| Schedule of Financial Segment Information |
Financial information for each segment is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. | | Egypt(1)(3) | | North Sea | | Intersegment Eliminations & Other(2) | | Total(3) | | | | | | | | | | | | | | | | | | For the Quarter Ended March 31, 2026 | | (In millions) | | Revenues: | | | | | | | | | | | | Oil revenues | | $ | 809 | | | $ | 671 | | | $ | 164 | | | $ | — | | | $ | 1,644 | | | Natural gas revenues | | (12) | | | 138 | | | 31 | | | — | | | 157 | | | Natural gas liquids revenues | | 129 | | | — | | | 12 | | | — | | | 141 | | | Oil, natural gas, and natural gas liquids production revenues | | 926 | | | 809 | | | 207 | | | — | | | 1,942 | | | Purchased oil and gas sales | | 385 | | | — | | | — | | | — | | | 385 | | Realized losses on commodity derivative instruments | | (66) | | | — | | | — | | | — | | | (66) | | | | 1,245 | | | 809 | | | 207 | | | — | | | 2,261 | | | Operating Expenses: | | | | | | | | | | | Lease operating expenses(4) | | 170 | | | 110 | | | 82 | | | — | | | 362 | | Gathering, processing, and transmission(4) | | 68 | | | 8 | | | 15 | | | — | | | 91 | | | Purchased oil and gas costs | | 75 | | | — | | | — | | | — | | | 75 | | Taxes other than income(4) | | 57 | | | — | | | — | | | — | | | 57 | | Exploration(5) | | 3 | | | 19 | | | 1 | | | 3 | | | 26 | | Depreciation, depletion, and amortization(5) | | 342 | | | 151 | | | 60 | | | — | | | 553 | | | Asset retirement obligation accretion | | 11 | | | — | | | 31 | | | — | | | 42 | | | | | | | | | | | | | | | 726 | | | 288 | | | 189 | | | 3 | | | 1,206 | | Operating Income (Loss) | | $ | 519 | | | $ | 521 | | | $ | 18 | | | $ | (3) | | | 1,055 | | | | | | | | | | | | | | Other Income (Expense): | | | | | | | | | | | Unrealized losses on derivative instruments | | | | | | | | | | (47) | | | | | | | | | | | | | | | | | | | | | | | | | Other, net | | | | | | | | | | 1 | | | General and administrative | | | | | | | | | | (115) | | | Transaction, reorganization, and separation | | | | | | | | | | (7) | | | Financing costs, net | | | | | | | | | | (57) | | Income Before Income Taxes | | | | | | | | | | $ | 830 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Assets(6) | | $ | 12,593 | | | $ | 3,159 | | | $ | 1,306 | | | $ | 1,021 | | | $ | 18,079 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | U.S. | | Egypt(1)(3) | | North Sea | | Intersegment Eliminations & Other(2) | | Total(3) | | | | | | | | | | | | | | | | | | For the Quarter Ended March 31, 2025 | | (In millions) | | Revenues: | | | | | | | | | | | | Oil revenues | | $ | 816 | | | $ | 582 | | | $ | 202 | | | $ | — | | | $ | 1,600 | | | Natural gas revenues | | 104 | | | 91 | | | 38 | | | — | | | 233 | | | Natural gas liquids revenues | | 196 | | | — | | | 10 | | | — | | | 206 | | | Oil, natural gas, and natural gas liquids production revenues | | 1,116 | | | 673 | | | 250 | | | — | | | 2,039 | | | Purchased oil and gas sales | | 597 | | | — | | | — | | | — | | | 597 | | | | 1,713 | | | 673 | | | 250 | | | — | | | 2,636 | | | Operating Expenses: | | | | | | | | | | | Lease operating expenses(4) | | 200 | | | 110 | | | 97 | | | — | | | 407 | | Gathering, processing, and transmission(4) | | 85 | | | 5 | | | 14 | | | — | | | 104 | | | Purchased oil and gas costs | | 474 | | | — | | | — | | | — | | | 474 | | Taxes other than income(4) | | 74 | | | — | | | — | | | — | | | 74 | | Exploration(5) | | 2 | | | 20 | | | 1 | | | 7 | | | 30 | | Depreciation, depletion, and amortization(4) | | 419 | | | 153 | | | 71 | | | — | | | 643 | | | Asset retirement obligation accretion | | 10 | | | — | | | 29 | | | — | | | 39 | | | | | | | | | | | | | | | 1,264 | | | 288 | | | 212 | | | 7 | | | 1,771 | | Operating Income (Loss) | | $ | 449 | | | $ | 385 | | | $ | 38 | | | $ | (7) | | | 865 | | | | | | | | | | | | | | Other Income (Expense): | | | | | | | | | | | Unrealized losses on commodity derivative instruments | | | | | | | | | | (28) | | | | | | | | | | | | | Loss on divestitures, net | | | | | | | | | | (2) | | | Other, net | | | | | | | | | | 6 | | | General and administrative | | | | | | | | | | (98) | | | Transaction, reorganization, and separation | | | | | | | | | | (37) | | | Financing costs, net | | | | | | | | | | 57 | | | Income Before Income Taxes | | | | | | | | | | $ | 763 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Assets(6) | | $ | 13,136 | | | $ | 3,441 | | | $ | 1,252 | | | $ | 702 | | | $ | 18,531 | |
(1)Includes oil and gas production revenue that will be paid as taxes by EGPC on behalf of the Company for the quarters ended March 31, 2026 and March 31, 2025 of: | | | | | | | | | | | | | | | | | | | | | For the Quarter Ended March 31, | | | | | | 2026 | | 2025 | | | | | | | | | | | | | | | | (In millions) | | Oil | | $ | 192 | | | $ | 151 | | | | | | | Natural gas | | 40 | | | 24 | | | | | | | | | | | | | | |
(2)Includes Suriname operating expenses as the operating segment has not met the quantitative thresholds to be separately reported. (3)Includes noncontrolling interests in Egypt. (4)Represents significant segment expense categories that align with the segment-level information that is regularly provided to the CODM. The remaining expenses that comprise the Operating Income (Loss) amount by segment are deemed to be other segment expense categories necessary to arrive at the segment profit or loss. (5)Exploration expense under Intersegment Eliminations & Other primarily reflects the Company’s Suriname exploration activities. (6)Intercompany balances are excluded from total assets.
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