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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Oil, Gas and NGL Sales $ 722 $ 1,338 $ 1,462 $ 2,665
Income from Equity Method Investees 6 45 24 97
Other 2 0 4 0
Total 730 1,383 1,490 2,762
Costs and Expenses        
Production Expense 213 244 459 474
Exploration Expense 41 59 106 133
Depreciation, Depletion and Amortization 451 413 905 837
General and Administrative 104 127 198 266
Asset Impairments 15 34 43 131
Other Operating (Income) Expense, Net 67 (23) 73 (12)
Total 891 854 1,784 1,829
Operating Income (Loss) (161) 529 (294) 933
Other (Income) Expense        
(Gain) Loss on Commodity Derivative Instruments 87 236 (63) 311
Interest, Net of Amount Capitalized 54 52 112 99
Other Non-Operating (Income) Expense, Net (9) 8 (9) 13
Total 132 296 40 423
Income (Loss) Before Income Taxes (293) 233 (334) 510
Income Tax (Benefit) Provision (184) 41 (203) 118
Net Income (Loss) $ (109) $ 192 $ (131) $ 392
Earnings Per Share, Basic [Abstract]        
Net Income (in dollars per share) $ (0.28) $ 0.53 $ (0.35) $ 1.09
Earnings Per Share, Diluted [Abstract]        
Net Income (in dollars per share) $ (0.28) $ 0.52 $ (0.35) $ 1.07
Weighted Average Number of Shares Outstanding [Abstract]        
Weighted Average Number of Shares Outstanding, Basic (in shares) 387 [1] 361 [1] 378 361
Weighted Average Number of Shares Outstanding, Diluted (in shares) 387 366 378 365
[1] The weighted average number of shares outstanding includes the weighted average shares of common stock issued in connection with the underwritten public offering of 24,150,000 shares of common stock of the Company in first quarter 2015.