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Consolidated Condensed Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Oil and natural gas net sales to third parties $ 609 $ 28 $ 1,158 $ 48
Oil and natural gas net sales to related parties   1,079   2,139
Other revenue 25 33 53 74
TOTAL REVENUES 634 1,140 1,211 2,261
COSTS AND OTHER DEDUCTIONS        
Production costs 242 270 484 534
General and administrative expenses 85 71 161 140
Depreciation, depletion and amortization 251 293 504 582
Taxes other than on income 53 55 108 107
Exploration expense 7 15 24 46
Interest and debt expense, net 83   162  
Other expenses 27 28 51 70
TOTAL COSTS AND OTHER DEDUCTIONS 748 732 1,494 1,479
INCOME / (LOSS) BEFORE INCOME TAXES (114) 408 (283) 782
Income tax (expense) / benefit 46 (162) 115 (313)
NET INCOME / (LOSS) $ (68) $ 246 $ (168) $ 469
Net income / (loss) per share of common stock        
Basic (in dollars per share) $ (0.18) $ 0.63 $ (0.44) $ 1.21
Diluted (in dollars per share) (0.18) $ 0.63 (0.44) $ 1.21
Dividends per common share $ 0.01   $ 0.02