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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues and Other      
Oil sales $ 6,552 $ 4,668 $ 5,420
Natural-gas sales 1,348 1,564 2,007
Natural-gas liquids sales 1,069 921 833
Gathering, processing, and marketing sales 2,000 1,294 1,226
Gains (losses) on divestitures and other, net 939 (578) (788)
Total 11,908 7,869 8,698
Costs and Expenses      
Oil and gas operating 1,000 811 1,014
Oil and gas transportation 914 1,002 1,117
Exploration 2,541 946 2,644
Gathering, processing, and marketing 1,560 1,087 1,054
General and administrative 1,075 1,440 1,176
Depreciation, depletion, and amortization 4,279 4,301 4,603
Production, property, and other taxes 582 536 553
Impairments 408 227 5,075
Other operating expense 221 118 271
Total 12,580 10,468 17,507
Operating Income (Loss) (672) (2,599) (8,809)
Other (Income) Expense      
Interest expense 932 890 825
Loss on early extinguishment of debt 2 155 0
(Gains) losses on derivatives, net 131 292 (100)
Other (income) expense, net (53) (101) 154
Total 1,016 1,230 880
Income (Loss) Before Income Taxes (1,688) (3,829) (9,689)
Income tax expense (benefit) (1,477) (1,021) (2,877)
Net Income (Loss) (211) (2,808) (6,812)
Net income (loss) attributable to noncontrolling interests [1] 245 263 (120)
Net Income (Loss) Attributable to Common Stockholders $ (456) $ (3,071) $ (6,692)
Per Common Share      
Net income (loss) attributable to common stockholders—basic (in usd per share) $ (0.85) $ (5.90) $ (13.18)
Net income (loss) attributable to common stockholders—diluted (in usd per share) $ (0.85) $ (5.90) $ (13.18)
Average Number of Common Shares Outstanding—Basic 548 522 508
Average Number of Common Shares Outstanding—Diluted 548 522 508
Dividends (per Common Share) (in usd per share) $ 0.20 $ 0.20 $ 1.08
Commodity Contract and Interest-Rate Swap [Member]      
Other (Income) Expense      
(Gains) losses on derivatives, net $ 135 $ 286 $ (99)
[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.