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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues and Other        
Oil and condensate sales $ 1,239 $ 1,229 $ 3,214 $ 4,264
Natural-gas sales 435 484 1,121 1,612
Natural-gas liquids sales 227 183 640 644
Gathering, processing, and marketing sales 350 334 895 932
Gains (losses) on divestitures and other, net (358) (542) (388) (807)
Total 1,893 1,688 5,482 6,645
Costs and Expenses        
Oil and gas operating 198 262 608 784
Oil and gas transportation 256 265 744 853
Exploration 304 1,074 506 2,260
Gathering, processing, and marketing 291 289 758 798
General and administrative 362 303 1,116 888
Depreciation, depletion, and amortization 1,069 1,111 3,202 3,581
Other taxes 148 127 422 460
Impairments 27 758 61 3,571
Other operating expense 31 48 54 117
Total 2,686 4,237 7,471 13,312
Operating Income (Loss) (793) (2,549) (1,989) (6,667)
Other (Income) Expense        
Interest expense 220 199 657 616
Loss on early extinguishment of debt 0 0 124 0
(Gains) losses on derivatives, net 24 281 634 123
Other (income) expense, net (31) 47 (86) 109
Total 214 528 1,324 853
Income (Loss) Before Income Taxes (1,007) (3,077) (3,313) (7,520)
Income tax expense (benefit) (260) (917) (957) (2,232)
Net Income (Loss) (747) (2,160) (2,356) (5,288)
Net income (loss) attributable to noncontrolling interests 83 75 200 154
Net Income (Loss) Attributable to Common Stockholders $ (830) $ (2,235) $ (2,556) $ (5,442)
Per Common Share        
Net income (loss) attributable to common stockholders—basic $ (1.61) $ (4.41) $ (5.00) $ (10.73)
Net income (loss) attributable to common stockholders—diluted $ (1.61) $ (4.41) $ (5.00) $ (10.73)
Average Number of Common Shares Outstanding—Basic 517 508 512 508
Average Number of Common Shares Outstanding—Diluted 517 508 512 508
Dividends (per common share) $ 0.05 $ 0.27 $ 0.15 $ 0.81
Tronox Litigation [Member] | Judicial Ruling [Member]        
Other (Income) Expense        
Tronox-related contingent loss $ 0 $ 0 $ 0 $ 5
Commodity Contract and Interest Rate Swap [Member]        
Other (Income) Expense        
(Gains) losses on derivatives, net $ 25 $ 282 $ 629 $ 123