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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues and other income:        
Revenues from contracts with customers $ 1,438 $ 761 $ 3,869 $ 2,275
Net gain (loss) on commodity derivatives (79) (1) (398) 131
Income (loss) from equity method investments 86 (10) 179 (174)
Net gain on disposal of assets 7 1 8 8
Other income 1 3 9 16
Total revenues and other income 1,453 754 3,667 2,256
Costs and expenses:        
Production 131 129 378 418
Shipping, handling and other operating 219 183 538 432
Exploration 63 27 109 81
Depreciation, depletion and amortization 522 554 1,550 1,795
Impairments 13 1 60 98
Taxes other than income 88 49 236 145
General and administrative 70 53 227 217
Total costs and expenses 1,106 996 3,098 3,186
Income (loss) from operations 347 (242) 569 (930)
Net interest and other (57) (62) (129) (195)
Other net periodic benefit (costs) credits 0 (6) 2 1
Loss on early extinguishment of debt (102) 0 (121) 0
Income (loss) before income taxes 188 (310) 321 (1,124)
Provision (benefit) for income taxes 4 7 24 (11)
Net income (loss) $ 184 $ (317) $ 297 $ (1,113)
Net income (loss) per share:        
Basic (in dollars per share) $ 0.23 $ (0.40) $ 0.38 $ (1.41)
Diluted (in dollars per share) $ 0.23 $ (0.40) $ 0.38 $ (1.41)
Weighted average common shares outstanding:        
Basic (in shares) 789 790 791 792
Diluted (in shares) 789 790 791 792