XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues and Other        
Oil sales $ 1,422 $ 1,125 $ 3,085 $ 1,975
Natural-gas sales 319 320 821 686
Natural-gas liquids sales 214 235 503 413
Gathering, processing, and marketing sales 464 305 908 545
Gains (losses) on divestitures and other, net 297 (70) 1,166 (30)
Total 2,716 1,915 6,483 3,589
Costs and Expenses        
Oil and gas operating 233 202 491 410
Oil and gas transportation 229 246 478 488
Exploration 535 76 1,620 202
Gathering, processing, and marketing 359 252 710 467
General and administrative 291 305 560 754
Depreciation, depletion, and amortization 1,037 984 2,152 2,133
Production, property, and other taxes 135 157 290 274
Impairments 10 18 383 34
Other operating expense 12 7 34 23
Total 2,841 2,247 6,718 4,785
Operating Income (Loss) (125) (332) (235) (1,196)
Other (Income) Expense        
Interest expense 227 217 450 437
Loss on early extinguishment of debt 2 124 2 124
(Gains) losses on derivatives, net 32 311 (115) 610
Other (income) expense, net (14) (55) (22) (55)
Total 247 593 315 1,110
Income (Loss) Before Income Taxes (372) (925) (550) (2,306)
Income tax expense (benefit) (38) (314) 59 (697)
Net Income (Loss) (334) (611) (609) (1,609)
Net income (loss) attributable to noncontrolling interests 81 [1] 81 124 [1] 117
Net Income (Loss) Attributable to Common Stockholders $ (415) $ (692) $ (733) $ (1,726)
Per Common Share        
Net income (loss) attributable to common stockholders—basic (in usd per share) $ (0.76) $ (1.36) $ (1.34) $ (3.39)
Net income (loss) attributable to common stockholders—diluted (in usd per share) $ (0.76) $ (1.36) $ (1.34) $ (3.39)
Average Number of Common Shares Outstanding—Basic 552 510 552 510
Average Number of Common Shares Outstanding—Diluted 552 510 552 510
Dividends (in usd per share) $ 0.05 $ 0.05 $ 0.10 $ 0.10
Commodity Contract and Interest Rate Swap [Member]        
Other (Income) Expense        
(Gains) losses on derivatives, net $ 32 $ 307 $ (115) $ 604
[1] Presentation has been adjusted to align with the current analysis of segment performance. Net income (loss) attributable to noncontrolling interests, previously reported within the Midstream segment, is now presented within Other and Intersegment Eliminations. Other revenues, previously reported within Other and Intersegment Eliminations, is now presented within the applicable segments.