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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Revenues:    
Total operating revenues $ 990 $ 920
Operating Costs and Expenses:    
Operating expenses 165 189
General and administrative expenses 37 55
Restructuring charges 3 0
Depreciation, depletion and amortization 112 143
Taxes, other than income taxes 19 23
Total operating costs and expense 777 665
Operating Income 213 255
Interest Expense:    
Interest on debt 42 65
Other interest charges 1 2
Interest capitalized (29) (28)
Total Interest Expense 14 39
Loss on Derivatives (32) (7)
Other Income (Loss), Net 1 (1)
Income Before Income Taxes 168 208
Benefit from Income Taxes:    
Current 0 0
Deferred (426) 0
Total Benefit from Income Taxes (426) 0
Net Income 594 208
Participating securities - mandatory convertible preferred stock 0 3
Net Income Attributable to Common Stock $ 594 $ 205
Earnings Per Common Share:    
Basic (in dollars per share) $ 1.10 $ 0.36
Diluted (in dollars per share) $ 1.10 $ 0.36
Weighted Average Common Shares Outstanding:    
Basic (in shares) 539,721,751 571,297,804
Diluted (in shares) 541,320,487 573,844,459
Gas sales    
Operating Revenues:    
Total operating revenues $ 430 $ 540
Oil sales    
Operating Revenues:    
Total operating revenues 39 35
NGL sales    
Operating Revenues:    
Total operating revenues 81 65
Marketing    
Operating Revenues:    
Total operating revenues 438 253
Gas gathering    
Operating Revenues:    
Total operating revenues 0 24
Other    
Operating Revenues:    
Total operating revenues 2 3
Marketing purchases    
Operating Costs and Expenses:    
Marketing purchases $ 441 $ 255