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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues and other income:    
Revenues from contracts with customers $ 1,024 $ 1,200
Net gain (loss) on commodity derivatives 202 (91)
Income (loss) from equity method investments (12) 11
Net gain on disposal of assets 9 42
Other income 7 35
Total revenues and other income 1,230 1,197
Costs and expenses:    
Production 160 187
Shipping, handling and other operating 144 154
Exploration 28 59
Depreciation, depletion and amortization 644 554
Impairments 97 6
Taxes other than income 66 72
General and administrative 76 94
Total costs and expenses 1,215 1,126
Income from operations 15 71
Net interest and other (64) (49)
Other net periodic benefit costs 0 5
Income (loss) before income taxes (49) 27
Benefit for income taxes (3) (147)
Net income (loss) $ (46) $ 174
Net income (loss) per share:    
Basic $ (0.06) $ 0.21
Per diluted share:    
Diluted $ (0.06) $ 0.21
Weighted average common shares outstanding:    
Basic 794 819
Diluted 794 820