Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Financial Data

Summarized quarterly financial data is presented below. The sum of earnings per share for the four quarters may not equal the total earnings per share for the year due to rounding.

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2019	(Millions, except per-share amounts)
Product revenues	$	507	$	558	$	581	$	601
Net gain (loss) on derivatives	$	(207)	$	78	$	175	$	(199)
Commodity management	$	59	$	58	$	38	$	39
Total revenues	$	359	$	695	$	795	$	443
Operating costs and expenses	$	410	$	422	$	454	$	472
Operating income (loss)	$	(149)	$	181	$	242	$	(130)
Income (loss) from continuing operations	$	(48)	$	305	$	122	$	(121)
Loss from discontinued operations	—		—		(1)		(1)
Net income (loss)	$	(48)	$	305	$	121	$	(122)
Amounts available to WPX Energy, Inc. common stockholders:
Income (loss) from continuing operations	$	(48)	$	305	$	122	$	(121)
Loss from discontinued operations	—		—		(1)		(1)
Net income (loss)	$	(48)	$	305	$	121	$	(122)
Basic earnings (loss) per common share:
Income (loss) from continuing operations	$	(0.11)	$	0.72	$	0.29	$	(0.29)
Net income (loss)	$	(0.11)	$	0.72	$	0.29	$	(0.29)
Diluted earnings (loss) per common share:
Income (loss) from continuing operations	$	(0.11)	$	0.72	$	0.29	$	(0.29)
Net income (loss)	$	(0.11)	$	0.72	$	0.29	$	(0.29)
2018
Product revenues	$	407	$	520	$	554	$	544
Net gain (loss) on derivatives	$	(69)	$	(154)	$	(139)	$	443
Commodity management	$	36	$	64	$	68	$	36
Total revenues	$	374	$	430	$	484	$	1,022
Operating costs and expenses	$	322	$	388	$	413	$	447
Operating income	$	6	$	(3)	$	26	$	525
Income (loss) from continuing operations	$	(26)	$	(79)	$	(6)	$	353
Income (loss) from discontinued operations	(89)		(2)		(1)		1
Net income (loss)	$	(115)	$	(81)	$	(7)	$	354
Amounts available to WPX Energy, Inc. common stockholders:
Income (loss) from continuing operations	$	(30)	$	(83)	$	(6)	$	353
Income (loss) from discontinued operations	(89)		(2)		(1)		1
Net income (loss)	$	(119)	$	(85)	$	(7)	$	354
Basic earnings (loss) per common share:
Income (loss) from continuing operations	$	(0.07)	$	(0.21)	$	(0.01)	$	0.84
Loss from discontinued operations	(0.23)		—		—		—
Net income (loss)	$	(0.30)	$	(0.21)	$	(0.01)	$	0.84
Diluted earnings (loss) per common share:
Income (loss) from continuing operations	$	(0.07)	$	(0.21)	$	(0.01)	$	0.83
Loss from discontinued operations	(0.23)		—		—		—
Net income (loss)	$	(0.30)	$	(0.21)	$	(0.01)	$	0.83