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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues and other income:        
Revenues from contracts with customers $ 1,381 $ 1,447 $ 2,581 $ 2,984
Net gain (loss) on commodity derivatives 16 (152) (75) (254)
Income from equity method investments 31 60 42 97
Net gain (loss) on disposal of assets (8) 50 34 307
Other income 13 12 48 16
Total revenues and other income 1,433 1,417 2,630 3,150
Costs and expenses:        
Production 193 205 380 422
Shipping, handling and other operating 170 126 324 256
Exploration 26 65 85 117
Depreciation, depletion and amortization 605 612 1,159 1,202
Impairments 18 34 24 42
Taxes other than income 79 65 151 129
General and administrative 87 105 181 205
Total costs and expenses 1,178 1,212 2,304 2,373
Income from operations 255 205 326 777
Net interest and other (64) (65) (113) (110)
Other net periodic benefit costs 2 0 7 (3)
Income before income taxes 193 140 220 664
Provision (benefit) for income taxes 32 44 (115) 212
Net income $ 161 $ 96 $ 335 $ 452
Net income per share:        
Basic $ 0.20 $ 0.11 $ 0.41 $ 0.53
Per diluted share:        
Diluted $ 0.20 $ 0.11 $ 0.41 $ 0.53
Weighted average common shares outstanding:        
Basic 813 854 817 853
Diluted 814 855 817 854