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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues and other income:        
Revenues from contracts with customers $ 490 $ 1,381 $ 1,514 $ 2,581
Net gain (loss) on commodity derivatives (70) 16 132 (75)
Income (loss) from equity method investments (152) 31 (164) 42
Net gain (loss) on disposal of assets (2) (8) 7 34
Other income 6 13 13 48
Total revenues and other income 272 1,433 1,502 2,630
Costs and expenses:        
Production 129 193 289 380
Shipping, handling and other operating 105 170 249 324
Exploration 26 26 54 85
Depreciation, depletion and amortization 597 605 1,241 1,159
Impairments 0 18 97 24
Taxes other than income 30 79 96 151
General and administrative 88 87 164 181
Total costs and expenses 975 1,178 2,190 2,304
Income (loss) from operations (703) 255 (688) 326
Net interest and other (69) (64) (133) (113)
Other net periodic benefit credit 7 2 7 7
Income (loss) before income taxes (765) 193 (814) 220
Provision (benefit) for income taxes (15) 32 (18) (115)
Net income (loss) $ (750) $ 161 $ (796) $ 335
Net income (loss) per share:        
Basic (in dollars per share) $ (0.95) $ 0.20 $ (1.00) $ 0.41
Per diluted share:        
Diluted (in dollars per share) $ (0.95) $ 0.20 $ (1.00) $ 0.41
Weighted average common shares outstanding:        
Basic (in shares) 790 813 793 817
Diluted (in shares) 790 814 793 817