| REVENUE |
Revenue from customers is recognized when obligations under the terms of a contract with customers are satisfied; this generally occurs with the delivery of oil, NGL, gas or services, such as transportation. The following table shows a reconciliation of revenue from customers to total net sales for the following periods:
| | | | | | | | | | | | | | | | Three months ended | Six months ended | | millions | June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | | | | | | | Revenue from customers | $ | 7,053 | | $ | 5,163 | | $ | 12,622 | | $ | 10,976 | | All other revenues (a) | 1,012 | | 95 | | 673 | | (14) | | | Net sales | $ | 8,065 | | $ | 5,258 | | $ | 13,295 | | $ | 10,962 | |
(a) Includes other net revenues from the midstream and marketing segment. DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS The table below presents the Company's revenue from customers by segment, product and geographical area. The oil and gas segment typically sells its oil, NGL and gas at the lease or concession area. Midstream and marketing segment revenues are shown by the location of sale:
| | | | | | | | | | | | | | | | millions | United States | International | Eliminations | Total | | | | | | | Three months ended June 30, 2026 | | | | | | Oil and gas | | | | | | Oil | $ | 5,417 | | $ | 872 | | $ | — | | $ | 6,289 | | | NGL | 592 | | 89 | | — | | 681 | | | Gas | (250) | | 81 | | — | | (169) | | | Other | (26) | | 2 | | — | | (24) | | | Segment total | $ | 5,733 | | $ | 1,044 | | $ | — | | $ | 6,777 | | | | | | | | | | | | | | | | | | | | | | | Midstream and marketing | $ | 154 | | $ | 265 | | $ | — | | $ | 419 | | | Eliminations | $ | — | | $ | — | | $ | (143) | | $ | (143) | | | Consolidated | $ | 5,887 | | $ | 1,309 | | $ | (143) | | $ | 7,053 | | | | | | | | millions | United States | International | Eliminations | Total | | | | | | | Three months ended June 30, 2025 | | | | | | Oil and gas | | | | | | Oil | $ | 3,456 | | $ | 690 | | $ | — | | $ | 4,146 | | | NGL | 457 | | 86 | | — | | 543 | | | Gas | 205 | | 88 | | — | | 293 | | | Other | 26 | | 1 | | — | | 27 | | | Segment total | $ | 4,144 | | $ | 865 | | $ | — | | $ | 5,009 | | | Midstream and marketing | $ | 134 | | $ | 161 | | $ | — | | $ | 295 | | | Eliminations | $ | — | | $ | — | | $ | (141) | | $ | (141) | | | Consolidated | $ | 4,278 | | $ | 1,026 | | $ | (141) | | $ | 5,163 | |
| | | | | | | | | | | | | | | | millions | United States | International | Eliminations | Total | | | | | | | Six months ended June 30, 2026 | | | | | | Oil and gas | | | | | | Oil | $ | 9,290 | | $ | 1,522 | | $ | — | | $ | 10,812 | | | NGL | 1,036 | | 163 | | — | | 1,199 | | | Gas | (86) | | 164 | | — | | 78 | | | Other | (2) | | 4 | | — | | 2 | | | Segment total | $ | 10,238 | | $ | 1,853 | | $ | — | | $ | 12,091 | | | Midstream and marketing | $ | 275 | | $ | 541 | | $ | — | | $ | 816 | | | Eliminations | $ | — | | $ | — | | $ | (285) | | $ | (285) | | | Consolidated | $ | 10,513 | | $ | 2,394 | | $ | (285) | | $ | 12,622 | |
| | | | | | | | | | | | | | | | millions | United States | International | Eliminations | Total | | | | | | | Six months ended June 30, 2025 | | | | | | Oil and gas | | | | | | Oil | $ | 7,286 | | $ | 1,365 | | $ | — | | $ | 8,651 | | | NGL | 1,035 | | 182 | | — | | 1,217 | | | Gas | 586 | | 172 | | — | | 758 | | | Other | 64 | | 2 | | — | | 66 | | | Segment total | $ | 8,971 | | $ | 1,721 | | $ | — | | $ | 10,692 | | | Midstream and marketing | $ | 278 | | $ | 299 | | $ | — | | $ | 577 | | | Eliminations | $ | — | | $ | — | | $ | (293) | | $ | (293) | | | Consolidated | $ | 9,249 | | $ | 2,020 | | $ | (293) | | $ | 10,976 | |
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