Earnings (Loss) Per Common Share from Continuing Operations (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share from Continuing Operations

The following table summarizes the calculation of earnings per share.

	Years Ended December 31,
	2019		2018		2017
	(Millions, except per-share amounts)
Income from continuing operations attributable to WPX Energy, Inc.	$	258	$	242	$	24
Less: Dividends on preferred stock	—		8		15
Income from continuing operations attributable to WPX Energy, Inc. available to common stockholders for basic and diluted income per common share	$	258	$	234	$	9
Basic weighted-average shares	420.4		408.4		395.1
Effect of dilutive securities(a):
Nonvested restricted stock units and awards	1.6		3.1		2.1
Stock options	—		0.2		0.2
Diluted weighted-average shares(a)	422.0		411.7		397.4
Income per common share from continuing operations:
Basic	$	0.62	$	0.57	$	0.02
Diluted	$	0.61	$	0.57	$	0.02

 __________

(a) Certain amounts are excluded from the computation of diluted earnings (loss) per common share as their inclusion would be antidilutive due to (i) application of the if-converted method to common shares issuable upon assumed conversion of convertible preferred stock; or (ii) application of the treasury stock method to certain nonvested restricted stock units. The remaining Series A mandatory convertible preferred stock converted to common shares in third-quarter 2018. The excluded amounts are as follows:

	Years Ended December 31,
	2019	2018	2017
	(Millions)
Common shares issuable upon assumed conversion of 6.25% Series A mandatory convertible preferred stock	Not Applicable	11.4	19.8
Nonvested restricted stock units antidilutive under the treasury stock method	1.0	0.7	0.6

Stock Options Outstanding Excluded from Computation of Weighted-Average Stock Options

The table below includes information related to stock options that were outstanding at December 31, 2019, 2018 and 2017 but have been excluded from the computation of weighted-average stock options due to the option exercise price exceeding the fourth quarter weighted-average market price of our common shares.

	December 31,
	2019		2018		2017
Options excluded (millions)	0.7		0.7		1.5
Weighted-average exercise price of options excluded	$	16.84	$	18.05	$	17.80
Exercise price range of options excluded	$11.75 - $21.81		$16.46 - $21.81		$14.41 - $21.81
Fourth quarter weighted-average market price	$	10.67	$	15.16	$	12.10