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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Net gain (loss) on derivatives $ (153) $ 81 $ 3
Other 4 0 1
Total revenues 2,292 2,310 1,045
Costs and expenses:      
Depreciation, depletion and amortization 928 777 542
Lease and facility operating 374 272 168
Taxes other than income 178 157 79
Exploration 95 75 87
General and administrative (including equity-based compensation) [1] 206 182 166
Net gain on sales of assets (Note 4) 0 (3) (161)
Acquisition Costs, Period Cost 3 0 0
Other—net 18 7 15
Costs and Expenses, Total 2,148 1,756 947
Operating income (loss) 144 554 98
Interest expense (159) (163) (188)
Gain (Loss) on Extinguishment of Debt (47) (71) (17)
Equity Method Investment, Realized Gain (Loss) on Disposal 380 0 0
Income (Loss) from Equity Method Investments 9 (6) 0
Investment income (loss) and other 1 2 3
Income (loss) from continuing operations before income taxes 328 316 (104)
Provision (benefit) for income taxes 70 74 (128)
Income (loss) from continuing operations 258 242 24
Income (loss) from discontinued operations (2) (91) (40)
Net Income (Loss) 256 151 (16)
Preferred stock dividends, income statement impact 0 8 15
Net income (loss) available to common stockholders, 256 143 (31)
Amounts available to WPX Energy, Inc. common stockholders      
Income (loss) from continuing operations attributable to WPX 258 234 9
Income (loss) from discontinued operations attributable to WPX $ (2) $ (91) $ (40)
Income (loss) from continuing operations, per basic share $ 0.62 $ 0.57 $ 0.02
Discontinued operation, income (loss) from discontinued operation, net of tax, per basic share (0.01) (0.22) (0.10)
Earnings per share, basic $ 0.61 $ 0.35 $ (0.08)
Basic weighted-average shares 420.4 408.4 395.1
Income (loss) from continuing operations, per diluted share $ 0.61 $ 0.57 $ 0.02
Discontinued operation, income (loss) from discontinued operation, net of tax, per diluted share 0 (0.22) (0.10)
Earnings per share, diluted $ 0.61 $ 0.35 $ (0.08)
Diluted weighted-average shares(a) [2] 422.0 411.7 397.4
Oil and Condensate [Member]      
Revenues:      
Revenue from contract with customer, including assessed tax $ 2,050 $ 1,790 $ 879
Natural Gas, Production [Member]      
Revenues:      
Revenue from contract with customer, including assessed tax 75 87 67
Natural Gas Liquids [Member]      
Revenues:      
Revenue from contract with customer, including assessed tax 122 148 70
Oil and Gas [Member]      
Revenues:      
Revenue from contract with customer, including assessed tax 2,247 2,025 1,016
Oil and Gas, Refining and Marketing [Member]      
Revenues:      
Revenue from contract with customer, including assessed tax 194 204 25
Costs and expenses:      
Cost of Goods and Services Sold 163 182 27
Natural Gas, Gathering, Transportation, Marketing and Processing [Member]      
Costs and expenses:      
Cost of Goods and Services Sold $ 183 $ 107 $ 24
[1] General and administrative (including non-cash equity-based compensation of $34 million, $32 million and $28 million for the respective periods)
[2] 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,
201920182017
(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