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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues and Other        
Sales revenues $ 3,528 $ 3,414 $ 6,866 $ 6,650
Gains (losses) on divestitures and other, net 86 123 178 142
Total 3,442 3,291 6,660 6,336
Costs and Expenses        
Oil and gas operating 310 275 599 551
Oil and gas transportation 222 209 444 405
Exploration 90 94 139 262
General and administrative 368 288 635 566
Merger transaction costs 1,042 0 1,042 0
Depreciation, depletion, and amortization 1,161 1,003 2,242 1,993
Production, property, and other taxes 182 201 381 391
Impairments 0 128 0 147
Other operating expense 8 22 29 162
Total 3,657 2,472 6,041 4,966
Operating Income (Loss) (215) 819 619 1,370
Other (Income) Expense        
Interest expense 249 237 502 465
(Gains) losses on derivatives, net 254 437 569 473
Other (income) expense, net 18 4 24 (8)
Total 521 677 1,093 928
Income (Loss) Before Income Taxes (736) 142 (474) 442
Income tax expense (benefit) 209 125 375 251
Net Income (Loss) (945) 17 (849) 191
Net income (loss) attributable to noncontrolling interests 80 (12) 191 41
Net Income (Loss) Attributable to Common Stockholders $ (1,025) $ 29 $ (1,040) $ 150
Per Common Share        
Net income (loss) attributable to common stockholders—basic (in usd per share) $ (2.09) $ 0.05 $ (2.13) $ 0.28
Net income (loss) attributable to common stockholders—diluted (in usd per share) $ (2.09) $ 0.05 $ (2.13) $ 0.28
Average Number of Common Shares Outstanding—Basic (in shares) 491 504 491 511
Average Number of Common Shares Outstanding—Diluted (in shares) 491 505 491 512
Commodity Contract and Interest Rate Swap [Member]        
Other (Income) Expense        
(Gains) losses on derivatives, net $ 254 $ 436 $ 567 $ 471
Oil sales [Member]        
Revenues and Other        
Sales revenues 2,470 2,265 4,566 4,392
Natural-gas sales [Member]        
Revenues and Other        
Sales revenues 205 203 525 450
Natural-gas liquids sales [Member]        
Revenues and Other        
Sales revenues 216 318 456 610
Gathering, processing, and marketing sales [Member]        
Revenues and Other        
Sales revenues 465 382 935 742
Costs and Expenses        
Gathering, processing, and marketing $ 274 $ 252 $ 530 $ 489