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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES AND OTHER        
Oil and gas net sales $ 461 $ 424 $ 1,387 $ 1,157
Net derivative (losses) gains (65) (14) 51 (157)
Other revenue 49 46 113 95
Total revenues and other 445 456 1,551 1,095
COSTS AND OTHER        
Production costs 222 211 649 583
General and administrative expenses 63 58 191 186
Depreciation, depletion and amortization 134 137 412 422
Taxes other than on income 39 37 103 118
Exploration expense 5 3 17 13
Other expenses, net 29 29 76 76
Total costs and other 492 475 1,448 1,398
OPERATING (LOSS) INCOME (47) (19) 103 (303)
NON-OPERATING (LOSS) INCOME        
Interest and debt expense, net (85) (95) (252) (243)
Net gains on early extinguishment of debt   660 4 793
Gains on asset divestitures     21 31
Other non-operating expense     (3)  
(LOSS) INCOME BEFORE INCOME TAXES (132) 546 (127) 278
Income tax benefit       78
NET (LOSS) INCOME (132) 546 (127) 356
Net income attributable to noncontrolling interest (1)   (1)  
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCK $ (133) $ 546 $ (128) $ 356
(Loss) Earnings per share attributable to common stock        
Basic (in dollars per share) $ (3.11) $ 13.04 $ (3.01) $ 8.79
Diluted (in dollars per share) $ (3.11) $ 13.04 $ (3.01) $ 8.79