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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues and other income:        
Revenues from contracts with customers $ 761 $ 1,249 $ 2,275 $ 3,830
Net gain (loss) on commodity derivatives (1) 47 131 (28)
Income (loss) from equity method investments (10) 21 (174) 63
Net gain on disposal of assets 1 22 8 56
Other income 3 6 16 54
Total revenues and other income 754 1,345 2,256 3,975
Costs and expenses:        
Production 129 163 418 543
Shipping, handling and other operating 183 138 432 462
Exploration 27 22 81 107
Depreciation, depletion and amortization 554 622 1,795 1,781
Impairments 1 0 98 24
Taxes other than income 49 81 145 232
General and administrative 53 82 217 263
Total costs and expenses 996 1,108 3,186 3,412
Income (loss) from operations (242) 237 (930) 563
Net interest and other (62) (64) (195) (177)
Other net periodic benefit (costs) credits (6) 2 1 9
Income (loss) before income taxes (310) 175 (1,124) 395
Provision (benefit) for income taxes 7 10 (11) (105)
Net income (loss) $ (317) $ 165 $ (1,113) $ 500
Net income (loss) per share:        
Basic (in dollars per share) $ (0.40) $ 0.21 $ (1.41) $ 0.62
Diluted (in dollars per share) $ (0.40) $ 0.21 $ (1.41) $ 0.62
Weighted average common shares outstanding:        
Basic (in shares) 790 802 792 813
Diluted (in shares) 790 803 792 813