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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues and other income:    
Sales and other operating revenues, including related party $ 714 $ 1,280
Marketing revenues 58 204
Income from equity method investments 14 36
Net gain (loss) on disposal of assets (60) 1
Other income 4 11
Total revenues and other income 730 1,532
Costs and expenses:    
Production 328 444
Marketing, including purchases from related parties 58 205
Other operating 109 107
Exploration 24 90
Depreciation, depletion and amortization 609 821
Impairments 1 0
Taxes other than income 48 67
General and administrative 151 171
Total costs and expenses 1,328 1,905
Income (loss) from operations (598) (373)
Net interest and other (85) (47)
Income (loss) before income taxes (683) (420)
Provision (benefit) for income taxes (276) (144)
Income (loss) from operations (407) (276)
Net income (loss) $ (407) $ (276)
Basic:    
Net income (loss), per basic share $ (0.56) $ (0.41)
Diluted:    
Net income (loss), per diluted share (0.56) (0.41)
Dividends paid, per share $ 0.05 $ 0.21
Weighted average common shares outstanding, basic 730 675
Weighted average common shares outstanding, diluted 730 675