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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues:    
Total operating revenues $ 592 $ 990
Operating Costs and Expenses:    
Operating expenses 193 165
General and administrative expenses 26 37
Restructuring charges 10 3
Depreciation, depletion and amortization 113 112
Impairments 1,479 0
Taxes, other than income taxes 13 19
Total operating costs and expense 2,082 777
Operating Income (Loss) (1,490) 213
Interest Expense:    
Interest on debt 40 42
Other interest charges 2 1
Interest capitalized (23) (29)
Total Interest Expense 19 14
Gain (loss) on derivative 339 (32)
Gain on Early Extinguishment of Debt 28 0
Other Income, Net 1 1
Income (Loss) Before Income Taxes (1,141) 168
Provision (Benefit) for Income Taxes:    
Current (2) 0
Deferred 408 (426)
Total Provision (Benefit) from Income Taxes 406 (426)
Net Income (Loss) $ (1,547) $ 594
Earnings (Loss) Per Common Share:    
Basic (in dollars per share) $ (2.86) $ 1.10
Diluted (in dollars per share) $ (2.86) $ 1.10
Weighted Average Common Shares Outstanding:    
Basic (in shares) 540,308,491 539,721,751
Diluted (in shares) 540,308,491 541,320,487
Gas sales    
Operating Revenues:    
Total operating revenues $ 248 $ 430
Oil sales    
Operating Revenues:    
Total operating revenues 52 39
NGL sales    
Operating Revenues:    
Total operating revenues 50 81
Marketing    
Operating Revenues:    
Total operating revenues 239 438
Other    
Operating Revenues:    
Total operating revenues 3 2
Marketing purchases    
Operating Costs and Expenses:    
Marketing purchases $ 248 $ 441