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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues and other income:      
Sales and other operating revenues, including related party $ 3,753 $ 4,951 $ 8,736
Marketing revenues 278 571 2,110
Income from equity method investments 175 145 424
Net gain (loss) on disposal of assets 389 120 (90)
Other income 55 74 78
Total revenues and other income 4,650 5,861 11,258
Costs and expenses:      
Production 1,313 1,694 2,246
Marketing, including purchases from related parties 282 569 2,105
Other operating 511 438 462
Exploration 330 1,318 793
Depreciation, depletion and amortization 2,395 2,957 2,861
Impairment of Oil and Gas Properties 67 752 132
Taxes other than income 168 234 406
General and administrative 484 590 654
Total costs and expenses 5,550 8,552 9,659
Income from operations (900) (2,691) 1,599
Net interest and other (335) (267) (238)
Income from continuing operations before income taxes (1,235) (2,958) 1,361
Provision for income taxes 905 (754) 392
Income from continuing operations (2,140) (2,204) 969
Discontinued operations 0 0 2,077
Net income $ (2,140) $ (2,204) $ 3,046
Basic:      
Income from continuing operations (in dollars per basic share) $ (2.61) $ (3.26) $ 1.42
Discontinued operations (in dollars per basic share) 0.00 0.00 3.06
Net income (in dollars per basic share) (2.61) (3.26) 4.48
Diluted:      
Income from continuing operations (in dollars per diluted share) (2.61) (3.26) 1.42
Discontinued operations (in dollars per diluted share) 0.00 0.00 3.04
Net income (in dollars per diluted share) (2.61) (3.26) 4.46
Dividends (in dollars per share) $ 0.20 $ 0.68 $ 0.80
Weighted average shares:      
Basic 819 677 680
Diluted 819 677 683