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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
Oil, natural gas and NGL sales $ 628 $ 432
Net loss from commodity derivatives (562) (213)
Total operating revenues 153 363
OPERATING EXPENSES    
Operating costs 182 164
General and administrative expenses 48 48
Depreciation, depletion and amortization 49 52
Asset impairments 0 3
Taxes other than on income 34 40
Exploration expense 1 2
Accretion expense 11 13
Other operating expenses, net 14 17
Total operating expenses 396 436
Net gain on asset divestitures 54 0
OPERATING LOSS (189) (73)
NON-OPERATING (EXPENSES) INCOME    
Reorganization items, net 0 (2)
Interest and debt expense, net (13) (13)
Net loss on early extinguishment of debt 0 (2)
Other non-operating expenses, net 1 1
LOSS BEFORE INCOME TAXES (201) (89)
Income taxes 26 0
NET LOSS (175) (89)
Less: net income attributable to noncontrolling interests 0 (5)
NET LOSS ATTRIBUTABLE TO COMMON STOCK $ (175) $ (94)
Net loss attributable to common stock per share    
Basic (in dollars per share) $ (2.23) $ (1.13)
Diluted (in dollars per share) $ (2.23) $ (1.13)
Weighted-average common shares outstanding    
Basic (in shares) 78.5 83.3
Diluted (in shares) 78.5 83.3
Sales of purchased natural gas    
REVENUES    
Revenue not from contract with customer $ 32 $ 98
OPERATING EXPENSES    
Costs of sales 21 61
Electricity sales    
REVENUES    
Revenue not from contract with customer 34 33
Other revenue    
REVENUES    
Revenue not from contract with customer 21 13
Electricity generation expenses    
OPERATING EXPENSES    
Costs of sales 24 24
Transportation costs    
OPERATING EXPENSES    
Costs of sales $ 12 $ 12