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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUES AND OTHER INCOME      
Net sales $ 17,824 $ 12,508 $ 10,090
Interest, dividends and other income 136 99 106
Gains on sale of equity investments and other assets 974 667 202
TOTAL REVENUES AND OTHER INCOME 18,934 13,274 10,398
COSTS AND OTHER DEDUCTIONS      
Cost of sales (excludes depreciation, depletion, and amortization of $3,976 in 2018, $4,000 in 2017, and $4,266 in 2016) 6,568 5,594 5,189
Selling, general and administrative and other operating expenses 1,613 1,424 1,330
Taxes other than on income 439 311 277
Depreciation, depletion and amortization 3,977 4,002 4,268
Asset impairments and related items 561 545 825
Exploration expense 110 82 62
Interest and debt expense, net 389 345 292
TOTAL COSTS AND OTHER DEDUCTIONS 13,657 12,303 12,243
INCOME (LOSS) BEFORE INCOME TAXES AND OTHER ITEMS 5,277 971 (1,845)
(Provision for) benefit from domestic and foreign income taxes (1,477) (17) 662
Income from equity investments 331 357 181
INCOME (LOSS) FROM CONTINUING OPERATIONS 4,131 1,311 (1,002)
Income from discontinued operations 0 0 428
NET INCOME (LOSS) $ 4,131 $ 1,311 $ (574)
BASIC EARNINGS (LOSS) PER COMMON SHARE (attributable to common stock)      
Income (loss) from continuing operations (in dollars per share) $ 5.40 $ 1.71 $ (1.31)
Discontinued operations, net (in dollars per share) 0.00 0.00 0.56
BASIC EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) 5.40 1.71 (0.75)
DILUTED EARNINGS (LOSS) PER COMMON SHARE (attributable to common stock)      
Income (loss) from continuing operations (in dollars per share) 5.39 1.70 (1.31)
Discontinued operations, net (in dollars per share) 0.00 0.00 0.56
DILUTED EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) $ 5.39 $ 1.70 $ (0.75)