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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES      
Oil and natural gas sales $ 2,270 $ 2,590 $ 1,936
Net derivative (loss) gain from commodity contracts (59) 1 (90)
Other revenue 423 473 160
Total revenues 2,634 3,064 2,006
COSTS      
Production costs 895 912 876
General and administrative expenses 290 299 249
Depreciation, depletion and amortization 471 502 544
Taxes other than on income 157 149 136
Exploration expense 29 34 22
Other expenses, net 363 399 106
Total costs 2,205 2,295 1,933
OPERATING INCOME 429 769 73
NON-OPERATING (LOSS) INCOME      
Interest and debt expense, net (383) (379) (343)
Net gain on early extinguishment of debt 126 57 4
Gain on asset divestitures 0 5 21
Other non-operating expenses (72) (23) (17)
INCOME (LOSS) BEFORE INCOME TAXES 100 429 (262)
Income tax provision (1) 0 0
NET INCOME (LOSS) 99 429 (262)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS      
Mezzanine equity (117) (99) 0
Equity (10) (2) (4)
Net income attributable to noncontrolling interests (127) (101) (4)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCK $ (28) $ 328 $ (266)
Net (loss) income attributable to common stock per share      
Basic (in dollars per share) $ (0.57) $ 6.77 $ (6.26)
Diluted (in dollars per share) $ (0.57) $ 6.77 $ (6.26)