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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES        
Oil and natural gas sales $ 312 $ 541 $ 987 $ 1,720
Net derivative gain (loss) from commodity contracts 0 37 75 (31)
Revenue not from contract with customer 97 103 196 335
Total revenues 409 681 1,258 2,024
COSTS        
Production costs 141 221 460 684
General and administrative expenses 64 66 193 228
Depreciation, depletion and amortization 89 118 296 357
Asset impairments 0 0 1,736 0
Taxes other than on income 42 42 121 119
Exploration expense 2 5 9 25
Other expenses, net 22 8 75 33
Total costs 422 533 3,035 1,697
OPERATING (LOSS) INCOME (13) 148 (1,777) 327
NON-OPERATING (LOSS) INCOME        
Reorganization items, net 66 0 66 0
Interest and debt expense, net (28) (95) (200) (293)
Net gain on early extinguishment of debt 0 82 5 108
Other non-operating expenses (32) (8) (93) (18)
(LOSS) INCOME BEFORE INCOME TAXES (7) 127 (1,999) 124
Income tax 0 0 0 0
NET (LOSS) INCOME (7) 127 (1,999) 124
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS        
Mezzanine equity (25) (30) (85) (87)
Equity 3 (3) (12) 2
Net income attributable to noncontrolling interests (22) (33) (97) (85)
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCK $ (29) $ 94 $ (2,096) $ 39
Net (loss) income attributable to common stock per share        
Basic (includes return from noncontrolling interest) (in dollars per share) $ 2.20 $ 1.89 $ (39.64) $ 0.78
Diluted (includes return from noncontrolling interest) (in dollars per share) $ 2.20 $ 1.89 $ (39.64) $ 0.77
Marketing and trading        
REVENUES        
Revenue not from contract with customer $ 50 $ 62 $ 109 $ 230
COSTS        
Costs of sales 35 45 67 170
Electricity sales        
REVENUES        
Revenue not from contract with customer 43 38 75 88
Other revenue        
REVENUES        
Revenue not from contract with customer 4 3 12 17
Electricity cost of sales        
COSTS        
Costs of sales 17 18 47 51
Transportation costs        
COSTS        
Costs of sales $ 10 $ 10 $ 31 $ 30