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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Revenue $ 5,074 $ 3,707 $ 9,358 $ 7,158
Operating costs and expenses:        
Impairments and other charges [1] 344 0 366 0
General and administrative 67 51 119 99
Total operating costs and expenses 4,700 3,273 8,473 6,354
Operating income 374 434 885 804
Interest income 24 14 43 24
Interest expense, net of interest income (101) (120) (208) (245)
Loss on early extinguishment of debt 0 0 (42) 0 [2]
Other, net (42) (19) (72) (41)
Income (loss) from continuing operations before income taxes 231 295 563 518
Income tax (provision) benefit (114) (65) (182) (117)
Net income (loss) 117 230 381 401
Net (income) loss attributable to noncontrolling interest (8) (3) (9) (4)
Net income (loss) attributable to company $ 109 $ 227 $ 372 $ 397
Basic and diluted net income per share $ 120,000 $ 260,000 $ 410,000 $ 450,000
Weighted Average Number of Shares Outstanding, Basic 904 890 902 889
Weighted Average Number of Shares Outstanding, Diluted 909 890 906 889
Noncontrolling Interest in Consolidated Subsidiaries        
Operating costs and expenses:        
Net income (loss) $ 8 $ 3    
Services [Member]        
Revenue:        
Revenue 3,686 2,683 $ 6,759 $ 5,146
Operating costs and expenses:        
Cost of services and sales 3,123 2,370 5,833 4,621
Product sales [Member]        
Revenue:        
Revenue 1,388 1,024 2,599 2,012
Operating costs and expenses:        
Cost of services and sales $ 1,166 $ 852 $ 2,155 $ 1,634
[1] For the three and six months ended June 30, 2022 respectively, the amounts include $131 million and $136 million charges attributable to Completions and Production, and $178 million and $195 million charges attributable to Drilling and Evaluation, and a $35 million charge attributable to Corporate and other for both periods.
[2] For the six months ended June 30, 2022, amount consists of a $42 million loss on the early redemption of senior notes.