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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues and other income:        
Revenues from contracts with customers $ 1,538 $ 1,136 $ 4,522 $ 2,911
Net gain (loss) on commodity derivatives (70) (22) (324) 115
Marketing revenues   48   117
Income from equity method investments 64 63 161 183
Net gain (loss) on disposal of assets 16 19 323 26
Other income 119 8 135 31
Total revenues and other income 1,667 1,252 4,817 3,383
Costs and expenses:        
Production 215 197 637 528
Marketing, including purchases from related parties   49   121
Shipping, handling and other operating 152 109 408 309
Exploration 56 294 173 352
Depreciation, depletion and amortization 626 641 1,828 1,789
Impairments 8 201 50 205
Taxes other than income 86 44 215 128
General and administrative 101 89 306 276
Total costs and expenses 1,244 1,624 3,617 3,708
Income (loss) from operations 423 (372) 1,200 (325)
Net interest and other (58) (35) (168) (199)
Other net periodic benefit costs (8) (5) (11) (16)
Loss on early extinguishment of debt 0 (46) 0 (46)
Income (loss) from continuing operations before income taxes 357 (458) 1,021 (586)
Provision (benefit) for income taxes 103 141 315 216
Income (loss) from continuing operations 254 (599) 706 (802)
Income (loss) from discontinued operations 0 0 0 (4,893)
Net income (loss) $ 254 $ (599) $ 706 $ (5,695)
Per basic share:        
Income (loss) from continuing operations (in dollars per share) $ 0.30 $ (0.70) $ 0.83 $ (0.94)
Income (loss) from discontinued operations (in dollars per share) 0.00 0.00 0.00 (5.76)
Net income (loss) (in dollars per share) 0.30 (0.70) 0.83 (6.70)
Per diluted share:        
Income (loss) from continuing operations (in dollars per share) 0.30 (0.70) 0.83 (0.94)
Income (loss) from discontinued operations (in dollars per share) 0.00 0.00 0.00 (5.76)
Net income (loss) (in dollars per share) $ 0.30 $ (0.70) $ 0.83 $ (6.70)
Weighted average common shares outstanding:        
Basic (in shares) 848 850 852 850
Diluted (in shares) 849 850 853 850