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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues and other income:      
Revenues from contracts with customers $ 5,063 $ 5,902 $ 4,247
Net loss on commodity derivatives (72) (14) (36)
Income from equity method investments 87 225 256
Net gain on disposal of assets 50 319 58
Other income 62 150 78
Total revenues and other income 5,190 6,582 4,765
Costs and expenses:      
Production 712 842 716
Shipping, handling and other operating 605 575 431
Exploration 149 289 409
Depreciation, depletion and amortization 2,397 2,441 2,372
Impairments 24 75 229
Taxes other than income 311 299 183
General and administrative 356 394 371
Total costs and expenses 4,554 4,915 4,879
Income (loss) from operations 636 1,667 (114)
Net interest and other (244) (226) (270)
Other net periodic benefit costs 3 (14) (19)
Loss on early extinguishment of debt (3) 0 (51)
Income (loss) from continuing operations before income taxes 392 1,427 (454)
Provision (benefit) for income taxes (88) 331 376
Income (loss) from continuing operations 480 1,096 (830)
Loss from discontinued operations 0 0 (4,893)
Net income (loss) $ 480 $ 1,096 $ (5,723)
Basic:      
Income from continuing operations (in dollars per basic share) $ 0.59 $ 1.30 $ (0.97)
Discontinued operations (in dollars per basic share) 0 0 (5.76)
Net income (in dollars per basic share) 0.59 1.30 (6.73)
Diluted:      
Income from continuing operations (in dollars per diluted share) 0.59 1.29 (0.97)
Discontinued operations (in dollars per diluted share) 0 0 (5.76)
Net income (in dollars per diluted share) $ 0.59 $ 1.29 $ (6.73)
Weighted average shares:      
Basic 810 846 850
Diluted 810 847 850
Marketing revenues      
Revenues and other income:      
Revenues from contracts with customers $ 0 $ 0 $ 162
Costs and expenses:      
Marketing, including purchases from related parties $ 0 $ 0 $ 168