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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues and other income:      
Sales and other operating revenues, including related party $ 4,211 $ 2,930 $ 4,136
Marketing revenues 162 240 499
Income from equity method investments 256 175 145
Net gain (loss) on disposal of assets 58 389 120
Other income 78 53 53
Total revenues and other income 4,765 3,787 4,953
Costs and expenses:      
Production 706 712 979
Marketing, including purchases from related parties 168 245 500
Other operating 431 484 410
Exploration 409 323 971
Depreciation, depletion and amortization 2,372 2,156 2,721
Impairments 229 67 721
Taxes other than income 183 151 216
General and administrative 400 481 588
Total costs and expenses 4,898 4,619 7,106
Income from operations (133) (832) (2,153)
Net interest and other (270) (332) (286)
Gain (Loss) on Extinguishment of Debt (51) 0 0
Income from continuing operations before income taxes (454) (1,164) (2,439)
Provision for income taxes 376 923 (738)
Income from continuing operations (830) (2,087) (1,701)
Discontinued operations (4,893) (53) (503)
Net income (loss) $ (5,723) $ (2,140) $ (2,204)
Basic:      
Income from continuing operations (in dollars per basic share) $ (0.97) $ (2.55) $ (2.51)
Discontinued operations (in dollars per basic share) (5.76) (0.06) (0.75)
Net income (in dollars per basic share) (6.73) (2.61) (3.26)
Diluted:      
Income from continuing operations (in dollars per diluted share) (0.97) (2.55) (2.51)
Discontinued operations (in dollars per diluted share) (5.76) (0.06) (0.75)
Net income (in dollars per diluted share) (6.73) (2.61) (3.26)
Dividends (in dollars per share) $ 0.2 $ 0.20 $ 0.68
Weighted average shares:      
Basic 850 819 677
Diluted 850 819 677