XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues:        
Total operating revenues $ 410 $ 667 $ 1,002 $ 1,657
Operating Costs and Expenses:        
Operating expenses 182 169 375 334
General and administrative expenses 32 40 58 77
Loss on sale of operating assets 0 3 0 3
Restructuring charges 2 2 12 5
Depreciation, depletion and amortization 84 115 197 227
Impairments 655 6 2,134 6
Taxes, other than income taxes 10 17 23 36
Total operating costs and expense 1,166 645 3,248 1,422
Operating Income (Loss) (756) 22 (2,246) 235
Interest Expense:        
Interest on debt 40 41 80 83
Other interest charges 3 2 5 3
Interest capitalized (21) (28) (44) (57)
Total Interest Expense 22 15 41 29
Gain (Loss) on Derivatives (109) 152 230 120
Gain on Early Extinguishment of Debt 7 0 35 0
Other Income (Loss), Net 0 (6) 1 (5)
Income (Loss) Before Income Taxes (880) 153 (2,021) 321
Provision (Benefit) for Income Taxes:        
Current 0 0 (2) 0
Deferred 0 15 408 (411)
Total Provision (Benefit) from Income Taxes 0 15 406 (411)
Net Income (Loss) $ (880) $ 138 $ (2,427) $ 732
Earnings (Loss) Per Common Share:        
Basic (in dollars per share) $ (1.63) $ 0.26 $ (4.49) $ 1.36
Diluted (in dollars per share) $ (1.63) $ 0.26 $ (4.49) $ 1.35
Weighted Average Common Shares Outstanding:        
Basic (in shares) 541,079,192 539,005,941 540,693,841 539,362,984
Diluted (in shares) 541,079,192 539,947,053 540,693,841 540,624,742
Gas sales        
Operating Revenues:        
Total operating revenues $ 164 $ 275 $ 412 $ 705
Oil sales        
Operating Revenues:        
Total operating revenues 19 47 71 86
NGL sales        
Operating Revenues:        
Total operating revenues 40 58 90 139
Marketing        
Operating Revenues:        
Total operating revenues 187 287 426 725
Other        
Operating Revenues:        
Total operating revenues 0 0 3 2
Marketing purchases        
Operating Costs and Expenses:        
Marketing purchases $ 201 $ 293 $ 449 $ 734