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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating revenues    
Financial derivatives $ (81) $ 84
Total operating revenues 820 1,324
Operating expenses    
Oil and natural gas purchases 0 3
Transportation costs 93 100
Lease operating expense 138 158
General and administrative 123 89
Depreciation, depletion and amortization 418 507
Gain on sale of assets 0 (3)
Impairment charges 458 1,103
Exploration and other expense 7 5
Taxes, other than income taxes 56 77
Total operating expenses 1,293 2,039
Operating loss (473) (715)
Other income 4 4
Gain on extinguishment/modification of debt 10 73
Interest expense (419) (365)
Reorganization items, net (65) 0
Loss before income taxes (943) (1,003)
Income tax expense 0 0
Net loss $ (943) $ (1,003)
Basic and diluted net income (loss) per common share    
Net loss (in dollars per share) $ (3.77) $ (4.05)
Basic and diluted weighted average common shares outstanding (in shares) 250 248
Oil    
Operating revenues    
Operating revenues $ 790 $ 1,045
Natural gas    
Operating revenues    
Operating revenues 49 75
NGLs    
Operating revenues    
Operating revenues $ 62 $ 120