v3.26.1
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Selected Financial Information by Reportable Segment
Financial information by reportable segment is presented below as of and for the three-month and six-month periods ended June 30, 2026 and 2025 (in millions):

United StatesTrinidadOther InternationalTotal
Three Months Ended June 30, 2026
Crude Oil and Condensate$4,881 $16 $4 $4,901 
NGLs770 — — 770 
Natural Gas702 106 4 812 
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net40 — — 40 
Gathering, Processing and Marketing2,006 5 — 2,011 
Gains on Asset Dispositions, Net55 — 3 58 
Other, Net28 — — 28 
Operating Revenues and Other8,482 127 11 8,620 
Lease and Well449 12 6 
Gathering, Processing and Transportation Costs671 1 4 
Marketing Costs1,950 — — 
Depreciation, Depletion and Amortization1,205 53 1 
General and Administrative203 5 5 
Taxes Other Than Income425 5 1 
Other Segment Items (1)
90 2 4 
Operating Income (Loss)3,489 49 (10)3,528 
Interest Income35 
Other Income3 
Interest Expense, Net(67)
Income Before Income Taxes$3,499 
          
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs1,611 19 33 1,663 
Interest Expense, Net67 — — 67 
Interest Income31 2 2 35 
United StatesTrinidadOther InternationalTotal
Three Months Ended June 30, 2025
Crude Oil and Condensate$2,969 $5 $— $2,974 
NGLs534 — — 534 
Natural Gas516 84 — 600 
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net107 — — 107 
Gathering, Processing and Marketing1,246 1 — 1,247 
Gains (Losses) on Asset Dispositions, Net(3)— 3 — 
Other, Net16 — — 16 
Operating Revenues and Other5,385 90 3 5,478 
Lease and Well383 10 3 
Gathering, Processing and Transportation Costs454 1 — 
Marketing Costs1,216 — — 
Depreciation, Depletion and Amortization1,016 37 — 
General and Administrative178 4 4 
Taxes Other Than Income300 1 — 
Other Segment Items (1)
79 7 38 
Operating Income (Loss)1,759 30 (42)1,747 
Interest Income56 
Other Expense(1)
Interest Expense, Net(51)
Income Before Income Taxes$1,751 
          
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs1,626 61 3 1,690 
Interest Expense, Net51 — — 51 
Interest Income52 2 2 56 
United StatesTrinidadOther InternationalTotal
Six Months Ended June 30, 2026
Crude Oil and Condensate$8,445 $28 $5 $8,478 
NGLs1,434 — — 1,434 
Natural Gas1,636 190 7 1,833 
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net153 — — 153 
Gathering, Processing and Marketing3,499 8 — 3,507 
Gains on Asset Dispositions, Net86 — 3 89 
Other, Net47 — — 47 
Operating Revenues and Other15,300 226 15 15,541 
Lease and Well895 22 12 
Gathering, Processing and Transportation Costs1,324 2 4 
Marketing Costs3,334 — — 
Depreciation, Depletion and Amortization2,357 94 1 
General and Administrative378 8 12 
Taxes Other Than Income760 7 2 
Other Segment Items (1)
186 4 13 
Operating Income (Loss)6,066 89 (29)6,126 
Interest Income66 
Other Expense(5)
Interest Expense, Net(133)
Income Before Income Taxes$6,054 
          
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs3,042 59 82 3,183 
Total Property, Plant and Equipment, Net42,535 511 194 43,240 
Total Assets53,149 1,221 413 54,783 
Interest Expense, Net133 — — 133 
Interest Income59 4 3 66 
United StatesTrinidadOther InternationalTotal
Six Months Ended June 30, 2025
Crude Oil and Condensate$6,255 $12 $— $6,267 
NGLs1,106 — — 1,106 
Natural Gas1,070 167 — 1,237 
Losses on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net(84)— — (84)
Gathering, Processing and Marketing2,586 1 — 2,587 
Losses on Asset Dispositions, Net— — (1)(1)
Other, Net35 — — 35 
Operating Revenues and Other10,968 180 (1)11,147 
Lease and Well768 24 5 
Gathering, Processing and Transportation Costs894 1 — 
Marketing Costs2,541 — — 
Depreciation, Depletion and Amortization1,979 87 — 
General and Administrative340 8 9 
Taxes Other Than Income640 2 — 
Other Segment Items (1)
161 40 42 
Operating Income (Loss)3,645 18 (57)3,606 
Interest Income124 
Other Expense(4)
Interest Expense, Net(98)
Income Before Income Taxes$3,628 
  
Other Segment Disclosures:
Additions to Oil and Gas Properties, Excluding Dry Hole Costs2,984 59 3 3,046 
Total Property, Plant and Equipment, Net34,850 483 28 35,361 
Total Assets44,921 1,169 194 46,284 
Interest Expense, Net98 — — 98 
Interest Income116 5 3 124 
(1)Other Segment Items include Exploration Costs, Dry Hole Costs and Impairments. Other Segment Items primarily relate to impairments, exploration costs and dry hole costs in the United States, and exploration costs in Other International for the three-month and six-month periods ended June 30, 2026. Other Segment Items primarily relate to impairments, exploration costs and dry hole costs in the United States, exploration costs in Trinidad and impairments and exploration costs in Other International for the three-month period ended June 30, 2025. Other Segment Items primarily relate to impairments, exploration costs and dry hole costs in the United States, exploration costs and dry hole costs in Trinidad and impairments and exploration costs in Other International for the six-month period ended June 30, 2025.