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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenues:      
Operating Revenues $ 3,038 $ 3,862 $ 3,203
Operating Costs and Expenses:      
Operating expenses 720 785 671
General and administrative expenses 166 209 233
(Gain) loss on sale of operating assets, net 2 (17) (6)
Restructuring charges 11 39 0
Depreciation, depletion and amortization 471 560 504
Impairments 16 171 0
Taxes, other than income taxes 62 89 94
Total Operating Costs and Expenses 2,768 3,065 2,472
Operating Income 270 797 731
Interest Expense:      
Interest on debt 166 231 239
Other interest charges 8 8 9
Interest capitalized (109) (115) (113)
Total Interest Expense 65 124 135
Gain (Loss) on Derivatives 274 (118) 422
Gain (Loss) on Early Extinguishment of Debt 8 (17) (70)
Other Income (Loss), Net (7) 0 5
Income (Loss) Before Income Taxes 480 538 953
Provision (Benefit) for Income Taxes:      
Current (2) 1 (22)
Deferred (409) 0 (71)
Provision (benefit) for income taxes (411) 1 (93)
Net Income (Loss) 891 537 [1] 1,046 [1]
Mandatory convertible preferred stock dividend 0 0 108
Participating securities - mandatory convertible preferred stock 0 2 123
Net Income (Loss) Attributable to Common Stock $ 891 $ 535 $ 815
Earnings Per Common Share      
Basic (in dollars per share) $ 1.65 $ 0.93 $ 1.64
Diluted (in dollars per share) $ 1.65 $ 0.93 $ 1.63
Weighted Average Common Shares Outstanding:      
Basic (in shares) 539,345,343 574,631,756 498,264,321
Diluted (in shares) 540,382,914 576,642,808 500,804,297
Gas sales      
Operating Revenues:      
Operating Revenues $ 1,241 $ 1,998 $ 1,793
Oil sales      
Operating Revenues:      
Operating Revenues 223 196 102
NGL sales      
Operating Revenues:      
Operating Revenues 274 352 206
Marketing      
Operating Revenues:      
Operating Revenues 1,297 1,222 972
Gas gathering      
Operating Revenues:      
Operating Revenues 0 89 126
Other      
Operating Revenues:      
Operating Revenues 3 5 4
Marketing purchases      
Operating Costs and Expenses:      
Marketing purchases $ 1,320 $ 1,229 $ 976
[1] In 2018 and 2017, deferred tax activity incurred in other comprehensive income was offset by a valuation allowance.