XML 115 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues:        
Total operating revenues $ 636 $ 951 $ 2,293 $ 2,687
Operating Costs and Expenses:        
Operating expenses 189 206 523 588
General and administrative expenses 42 51 119 165
Loss on sale of operating assets 0 0 3 0
Restructuring charges 4 2 9 20
Depreciation, depletion and amortization 125 151 352 426
Impairments 2 161 8 171
Taxes, other than income taxes 15 26 51 64
Total operating costs and expense 665 885 2,087 2,242
Operating Income (Loss) (29) 66 206 445
Interest Expense:        
Interest on debt 42 56 125 180
Other interest charges 2 2 5 6
Interest capitalized (27) (29) (84) (86)
Total Interest Expense 17 29 46 100
Gain (Loss) on Derivatives 100 (65) 220 (108)
Gain (Loss) on Early Extinguishment of Debt 7 0 7 (8)
Other Income (Loss), Net (2) (1) (7) 1
Income (Loss) Before Income Taxes 59 (29) 380 230
Provision (Benefit) for Income Taxes        
Current (1) 0 (1) 0
Deferred 11 0 (400) 0
Total Provision (Benefit) from Income Taxes 10 0 (401) 0
Net Income (Loss) 49 (29) [1] 781 230 [1]
Participating securities – mandatory convertible preferred stock 0 0 0 1
Net Income (Loss) Attributable to Common Stock $ 49 $ (29) $ 781 $ 229
Earnings (Loss) Per Common Share        
Basic (in dollars per share) $ 0.09 $ (0.05) $ 1.45 $ 0.40
Diluted (in dollars per share) $ 0.09 $ (0.05) $ 1.44 $ 0.39
Weighted Average Common Shares Outstanding:        
Basic (in shares) 539,221,101 581,171,753 539,315,170 577,912,421
Diluted (in shares) 540,038,187 581,171,753 540,442,649 579,828,858
Gas sales        
Operating Revenues:        
Total operating revenues $ 238 $ 465 $ 943 $ 1,412
Oil sales        
Operating Revenues:        
Total operating revenues 67 62 153 141
NGL sales        
Operating Revenues:        
Total operating revenues 52 112 191 252
Marketing        
Operating Revenues:        
Total operating revenues 279 287 1,004 805
Gas gathering        
Operating Revenues:        
Total operating revenues 0 25 0 73
Other        
Operating Revenues:        
Total operating revenues 0 0 2 4
Marketing purchases        
Operating Costs and Expenses:        
Marketing purchases $ 288 $ 288 $ 1,022 $ 808
[1] In 2018, deferred tax activity incurred in other comprehensive income was offset by a valuation allowance.