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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues and Other        
Revenues from Customers $ 3,851   $ 10,501  
Gains (losses) on divestitures and other, net 90 $ (114) 232 $ 1,052
Total 3,697 2,496 10,033 8,979
Costs and Expenses        
Oil and gas operating 294 253 845 738
Oil and gas transportation 228 220 633 698
Exploration 118 [1] 750 380 [1] 2,366
General and administrative 248 261 814 768
Depreciation, depletion, and amortization 1,130 1,083 3,123 3,235
Production, property, and other taxes 246 159 637 449
Impairments 172 0 319 383
Other operating expense 26 123 188 157
Total 2,718 3,245 7,684 9,895
Operating Income (Loss) 979 (749) 2,349 (916)
Other (Income) Expense        
Interest expense 240 230 705 682
(Gains) losses on derivatives, net 33 82 506 (33)
Other (income) expense, net 24 5 16 51
Total 296 317 1,224 700
Income (Loss) Before Income Taxes 683 (1,066) 1,125 (1,616)
Income tax expense (benefit) 256 (425) 507 (366)
Net Income (Loss) 427 (641) 618 (1,250)
Net income (loss) attributable to noncontrolling interests 64 58 105 182
Net Income (Loss) Attributable to Common Stockholders $ 363 $ (699) $ 513 $ (1,432)
Per Common Share        
Net income (loss) attributable to common stockholders—basic (in usd per share) $ 0.72 $ (1.27) $ 0.99 $ (2.60)
Net income (loss) attributable to common stockholders—diluted (in usd per share) $ 0.72 $ (1.27) $ 0.99 $ (2.61)
Average Number of Common Shares Outstanding—Basic 499 553 507 552
Average Number of Common Shares Outstanding—Diluted 500 553 508 552
Dividends (in usd per share) $ 0.25 $ 0.05 $ 0.75 $ 0.15
Commodity Contract and Interest Rate Swap [Member]        
Other (Income) Expense        
(Gains) losses on derivatives, net $ 32 $ 82 $ 503 $ (33)
Oil sales [Member]        
Revenues and Other        
Revenues from Customers 2,572 1,567 6,964 4,652
Natural gas sales [Member]        
Revenues and Other        
Revenues from Customers 232 269 682 1,090
Natural-gas liquids sales [Member]        
Revenues and Other        
Revenues from Customers 382 265 992 768
Gathering, processing, and marketing [Member]        
Revenues and Other        
Revenues from Customers 421 509 1,163 1,417
Costs and Expenses        
Gathering, processing, and marketing $ 256 $ 396 $ 745 $ 1,101
[1] Includes restructuring charges of $20 million for the three and nine months ended September 30, 2018.