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Consolidated and Combined Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES AND OTHER      
Oil and gas net sales $ 1,621 $ 2,134 $ 1,447
Oil and gas sales to related parties     2,617
Net derivative gains (losses) (206) 133 (5)
Other revenue 132 136 114
Total revenues and other 1,547 2,403 4,173
COSTS AND OTHER      
Production costs 800 951 1,057
General and administrative expenses 248 354 302
Depreciation, depletion and amortization 559 1,004 1,198
Asset impairments   4,852 3,402
Taxes other than on income 144 180 217
Exploration expense 23 36 139
Other expenses, net 79 168 207
Total costs and other 1,853 7,545 6,522
OPERATING LOSS (306) (5,142) (2,349)
NON-OPERATING INCOME (LOSS)      
Interest and debt expense, net (328) (326) (72)
Net gains on early extinguishment of debt 805 20  
Other non-operating income (expense) 30 (28)  
INCOME (LOSS) BEFORE INCOME TAXES 201 (5,476) (2,421)
Income tax benefit 78 1,922 987
NET INCOME (LOSS) $ 279 $ (3,554) $ (1,434) [1]
Net income (loss) per share of common stock      
Basic (in dollars per share) $ 6.76 $ (92.79) $ (37.54)
Diluted (in dollars per share) $ 6.76 (92.79) $ (37.54)
Dividends per common share (in dollars per share)   $ 0.30  
[1] Net income of $683 million related to operations from January 1, 2014 through the spin-off date of November 30, 2014 was included in Net Parent Company Investment. The net loss of $2,117 million for the month ended December 31, 2014 reflected our accumulated deficit as of that date as a stand-alone company.