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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues and Other      
Sales revenues $ 14,044   $ 8,447
Gains (losses) on divestitures and other, net 312 $ 939 (578)
Total 13,382 11,908 7,869
Costs and Expenses      
Oil and gas operating 1,153 988 807
Oil and gas transportation 878 914 1,002
Exploration [1] 459 2,535 944
General and administrative 1,084 994 1,223
Depreciation, depletion, and amortization 4,254 4,279 4,301
Production, property, and other taxes 826 582 536
Impairments 800 408 227
Other operating expense 262 221 118
Total 10,763 12,473 10,241
Operating Income (Loss) 2,619 (565) (2,372)
Other (Income) Expense      
Interest expense 947 932 890
(Gains) losses on early extinguishment of debt (2) 2 155
(Gains) losses on derivatives, net 138 131 292
Other (income) expense, net 59 54 126
Total 1,134 1,123 1,457
Income (Loss) Before Income Taxes 1,485 (1,688) (3,829)
Income tax expense (benefit) 733 (1,477) (1,021)
Net Income (Loss) 752 (211) (2,808)
Net income (loss) attributable to noncontrolling interests 137 245 263
Net Income (Loss) Attributable to Common Stockholders $ 615 $ (456) $ (3,071)
Per Common Share      
Net income (loss) attributable to common stockholders—basic (in usd per share) $ 1.20 $ (0.85) $ (5.90)
Net income (loss) attributable to common stockholders—diluted (in usd per share) $ 1.20 $ (0.85) $ (5.90)
Average Number of Common Shares Outstanding—Basic (in shares) 504 548 522
Average Number of Common Shares Outstanding—Diluted (in shares) 504 548 522
Commodity Contract and Interest-Rate Swap [Member]      
Other (Income) Expense      
(Gains) losses on derivatives, net $ 130 $ 135 $ 286
Oil sales [Member]      
Revenues and Other      
Sales revenues 9,206 6,552 4,668
Natural-gas sales [Member]      
Revenues and Other      
Sales revenues 1,005 1,348 1,564
Natural-gas liquids sales [Member]      
Revenues and Other      
Sales revenues 1,271 1,069 921
Gathering, processing, and marketing [Member]      
Revenues and Other      
Sales revenues 1,588 2,000 1,294
Costs and Expenses      
Gathering, processing, and marketing $ 1,047 $ 1,552 $ 1,083
[1] Includes reorganization-related charges of $20 million for the year ended December 31, 2018.