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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues and other income:        
Sales and other operating revenues, including related party $ 1,300 $ 2,316 $ 3,887 $ 6,735
Marketing revenues 84 554 471 1,713
Income from equity method investments 36 89 98 346
Net loss on disposal of assets (109) (3) (108) (88)
Other income 12 15 38 55
Total revenues and other income 1,323 2,971 4,386 8,761
Costs and expenses:        
Production 406 593 1,300 1,697
Marketing, including purchases from related parties 84 554 471 1,710
Other operating 93 99 281 303
Exploration 585 96 786 314
Depreciation, depletion and amortization 717 737 2,289 2,060
Impairments 337 109 381 130
Taxes other than income 46 115 191 319
General and administrative 125 160 464 486
Total costs and expenses 2,393 2,463 6,163 7,019
Income (loss) from operations (1,070) 508 (1,777) 1,742
Net interest and other (75) (55) (180) (180)
Income (loss) from continuing operations before income taxes (1,145) 453 (1,957) 1,562
Provision (benefit) for income taxes (396) 149 (546) 500
Income (loss) from continuing operations (749) 304 (1,411) 1,062
Discontinued operations 0 127 0 1,058
Net income (loss) $ (749) $ 431 $ (1,411) $ 2,120
Basic:        
Income (loss) from continuing operations per basic share $ (1.11) $ 0.45 $ (2.09) $ 1.56
Discontinued operations per basic share 0.00 0.19 0.00 1.55
Net income (loss), per basic share (1.11) 0.64 (2.09) 3.11
Diluted:        
Income (loss) from continuing operations per diluted share (1.11) 0.45 (2.09) 1.55
Discontinued operations per diluted share 0.00 0.19 0.00 1.55
Net income (loss), per diluted share (1.11) 0.64 (2.09) 3.10
Dividends paid, per share $ 0.21 $ 0.21 $ 0.63 $ 0.59
Weighted average common shares outstanding, basic 677 675 677 681
Weighted average common shares outstanding, diluted 677 678 677 684