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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues:        
Total operating revenues $ 1,050 $ 410 $ 2,122 $ 1,002
Operating Costs and Expenses:        
Operating expenses 259 182 509 375
General and administrative expenses 34 32 72 58
Merger-related expenses 3 0 4 0
Restructuring charges 1 2 7 12
Depreciation, depletion and amortization 100 84 196 197
Impairments 0 655 0 2,134
Taxes, other than income taxes 27 10 51 23
Total operating costs and expense 757 1,166 1,528 3,248
Operating Income (Loss) 293 (756) 594 (2,246)
Interest Expense:        
Interest on debt 48 40 98 80
Other interest charges 3 3 6 5
Interest capitalized (21) (21) (43) (44)
Total interest expense 30 22 61 41
Gain (Loss) on Derivatives (871) (109) (1,062) 230
Gain on Early Extinguishment of Debt 0 7 0 35
Other Income (Loss), Net (1) 0 0 1
Loss Before Income Taxes (609) (880) (529) (2,021)
Provision (Benefit) for Income Taxes:        
Current 0 0 0 (2)
Deferred 0 0 0 408
Total provision (benefit) from income taxes 0 0 0 406
Net Loss $ (609) $ (880) $ (529) $ (2,427)
Loss Per Common Share:        
Basic (in dollars per share) $ (0.90) $ (1.63) $ (0.78) $ (4.49)
Diluted (in dollars per share) $ (0.90) $ (1.63) $ (0.78) $ (4.49)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 676,722,999 541,079,192 676,057,534 540,693,841
Diluted (in shares) 676,722,999 541,079,192 676,057,534 540,693,841
Gas sales        
Operating Revenues:        
Total operating revenues $ 433 $ 164 $ 897 $ 412
Oil sales        
Operating Revenues:        
Total operating revenues 106 19 187 71
NGL sales        
Operating Revenues:        
Total operating revenues 179 40 352 90
Marketing        
Operating Revenues:        
Total operating revenues 332 187 684 426
Other        
Operating Revenues:        
Total operating revenues 0 0 2 3
Marketing purchases        
Operating Costs and Expenses:        
Marketing purchases $ 333 $ 201 $ 689 $ 449