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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Oil, Gas and NGL Sales $ 3,043 $ 4,931 $ 4,809
Income from Equity Method Investees 90 170 206
Total Revenues 3,133 5,101 5,015
Costs and Expenses      
Production Expense 962 947 844
Exploration Expense 488 498 415
Depreciation, Depletion and Amortization 2,131 1,759 1,568
General and Administrative 396 503 433
Asset Impairments 533 500 86
Goodwill Impairment 779 0 0
Other Operating (Income) Expense, Net 316 (24) 13
Total Operating Expenses 5,605 4,183 3,359
Operating Income (Loss) (2,472) 918 1,656
Other (Income) Expense      
(Gain) Loss on Commodity Derivative Instruments (501) (976) 133
Interest, Net of Amount Capitalized 263 210 158
Other Non-Operating (Income) Expense, Net (15) (26) 21
Total Other (Income) Expense (253) (792) 312
Income (Loss) from Continuing Operations Before Income Taxes (2,219) 1,710 1,344
Income Tax Provision 222 496 437
Income (Loss) from Continuing Operations (2,441) 1,214 907
Discontinued Operations, Net of Tax 0 0 71
Net Income (Loss) $ (2,441) $ 1,214 $ 978
Earnings (Loss) Per Share, Basic      
Income (loss) from Continuing Operations (in dollars per share) $ (6.07) $ 3.36 $ 2.53
Discontinued Operations, Net of Tax (in dollars per share) 0.00 0.00 0.19
Net Income (in dollars per share) (6.07) 3.36 2.72
Earnings (Loss) Per Share, Diluted      
Income (loss) from Continuing Operations (in dollars per share) (6.07) 3.27 2.50
Discontinued Operations, Net of Tax (in dollars per share) 0.00 0.00 0.19
Net Income (in dollars per share) $ (6.07) $ 3.27 $ 2.69
Weighted Average Number of Shares Outstanding, Basic (in shares) 402 361 359
Weighted Average Number of Shares Outstanding, Diluted (in shares) 402 367 363