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Consolidated Condensed Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Oil and natural gas net sales to third parties $ 596 $ 630 $ 1,754 $ 678
Oil and natural gas net sales to related parties   421   2,560
Other revenue 30 41 83 115
TOTAL REVENUES 626 1,092 1,837 3,353
COSTS AND OTHER DEDUCTIONS        
Production costs 246 271 730 805
General and administrative expenses 129 78 290 218
Depreciation, depletion and amortization 253 304 757 886
Taxes other than on income 42 56 150 163
Exploration expense 5 25 29 71
Interest and debt expense, net 82   244  
Other expenses 23 39 74 109
TOTAL COSTS AND OTHER DEDUCTIONS 780 773 2,274 2,252
INCOME / (LOSS) BEFORE INCOME TAXES (154) 319 (437) 1,101
Income tax (expense) / benefit 50 (131) 165 (444)
NET INCOME / (LOSS) $ (104) $ 188 $ (272) $ 657
Net income / (loss) per share of common stock        
Basic (in dollars per share) $ (0.27) $ 0.48 $ (0.71) $ 1.69
Diluted (in dollars per share) (0.27) $ 0.48 (0.71) $ 1.69
Dividends per common share $ 0.01   $ 0.03