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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and Other        
Oil and condensate sales $ 1,125 $ 1,616 $ 1,975 $ 3,035
Natural-gas sales 320 487 686 1,128
Natural-gas liquids sales 235 229 413 461
Gathering, processing, and marketing sales 305 305 545 598
Gains (losses) on divestitures and other, net (70) (1) (30) (265)
Total 1,915 2,636 3,589 4,957
Costs and Expenses        
Oil and gas operating 202 226 410 522
Oil and gas transportation 246 283 488 588
Exploration 76 103 202 1,186
Gathering, processing, and marketing 252 255 467 509
General and administrative 305 278 754 585
Depreciation, depletion, and amortization 984 1,214 2,133 2,470
Other taxes 157 151 274 333
Impairments 18 30 34 2,813
Other operating expense 7 6 23 69
Total 2,247 2,546 4,785 9,075
Operating Income (Loss) (332) 90 (1,196) (4,118)
Other (Income) Expense        
Interest expense 217 201 437 417
Loss on early extinguishment of debt 124 0 124 0
(Gains) losses on derivatives, net 311 (310) 610 (158)
Other (income) expense, net (55) 15 (55) 62
Total 593 (95) 1,110 325
Income (Loss) Before Income Taxes (925) 185 (2,306) (4,443)
Income tax expense (benefit) (314) 77 (697) (1,315)
Net Income (Loss) (611) 108 (1,609) (3,128)
Net income (loss) attributable to noncontrolling interests 81 47 117 79
Net Income (Loss) Attributable to Common Stockholders $ (692) $ 61 $ (1,726) $ (3,207)
Per Common Share        
Net income (loss) attributable to common stockholders—basic $ (1.36) $ 0.12 $ (3.39) $ (6.32)
Net income (loss) attributable to common stockholders—diluted $ (1.36) $ 0.12 $ (3.39) $ (6.32)
Average Number of Common Shares Outstanding—Basic 510 508 510 507
Average Number of Common Shares Outstanding—Diluted 510 509 510 507
Dividends (per common share) $ 0.05 $ 0.27 $ 0.10 $ 0.54
Commodity Contract and Interest Rate Swap [Member]        
Other (Income) Expense        
(Gains) losses on derivatives, net $ 307 $ (311) $ 604 $ (159)
Tronox Litigation [Member] | Judicial Ruling [Member]        
Other (Income) Expense        
Tronox-related contingent loss $ 0 $ 0 $ 0 $ 5