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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues and other income:        
Revenues from contracts with customers $ 1,249 $ 1,538 $ 3,830 $ 4,522
Net gain (loss) on commodity derivatives 47 (70) (28) (324)
Income from equity method investments 21 64 63 161
Net gain on disposal of assets 22 16 56 323
Other income 6 119 54 135
Total revenues and other income 1,345 1,667 3,975 4,817
Costs and expenses:        
Production 163 215 543 637
Shipping, handling and other operating 138 152 462 408
Exploration 22 56 107 173
Depreciation, depletion and amortization 622 626 1,781 1,828
Impairments 0 8 24 50
Taxes other than income 81 86 232 215
General and administrative 82 101 263 306
Total costs and expenses 1,108 1,244 3,412 3,617
Income from operations 237 423 563 1,200
Net interest and other (64) (58) (177) (168)
Other net periodic benefit costs 2 (8) 9 (11)
Income before income taxes 175 357 395 1,021
Provision (benefit) for income taxes 10 103 (105) 315
Net income $ 165 $ 254 $ 500 $ 706
Net income per share:        
Basic $ 0.21 $ 0.30 $ 0.62 $ 0.83
Per diluted share:        
Diluted $ 0.21 $ 0.30 $ 0.62 $ 0.83
Weighted average common shares outstanding:        
Basic 802 848 813 852
Diluted 803 849 813 853