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Consolidated Statements of Operations - 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:        
Revenue $ 1,141 $ 2,379 $ 3,151 $ 4,624
Interest and other income (loss), net 48 (11) (158) 181
Derivative gain (loss), net (336) 43 117 29
Gain (loss) on disposition of assets, net 6 (488) 6 (498)
Total revenues and other income 859 1,923 3,116 4,336
Costs and expenses:        
Production and ad valorem taxes 47 69 120 136
Depletion, depreciation and amortization 416 412 850 833
Exploration and abandonments 10 15 19 35
General and administrative 60 80 116 174
Accretion of discount on asset retirement obligations 2 2 5 5
Interest 33 29 60 59
Other 90 211 175 358
Costs and Expenses 1,397 2,139 3,288 4,099
Income (loss) before income taxes (538) (216) (172) 237
Income tax benefit (provision) 99 47 22 (56)
Net income (loss) attributable to common stockholders $ (439) $ (169) $ (150) $ 181
Net income per share attributable to common stockholders:        
Basic and diluted net income (loss) per share attributable to common stockholders $ (2.66) $ (1.01) $ (0.91) $ 1.07
Weighted average shares outstanding:        
Basic weighted average shares outstanding 165 168 165 168
Diluted weighted average shares outstanding 165 168 165 169
Dividends declared per share $ 0.55 $ 0 $ 1.10 $ 0.32
Oil and gas        
Revenues and other income:        
Revenue $ 600 $ 1,196 $ 1,695 $ 2,332
Costs and expenses:        
Costs and expenses 167 219 343 440
Sales of purchased oil and gas        
Revenues and other income:        
Revenue 541 1,183 1,456 2,292
Costs and expenses:        
Costs and expenses $ 572 $ 1,102 $ 1,600 $ 2,059