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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES AND OTHER INCOME    
Net sales $ 6,410 $ 4,004
Interest, dividends and other income 34 78
Gain on sale of equity investments and other assets, net 7 7
Total 6,451 4,089
COSTS AND OTHER DEDUCTIONS    
Oil and gas operating expense 1,046 645
Transportation and gathering expense 558 31
Chemical and midstream cost of sales 612 669
Purchased commodities 393 365
Selling, general and administrative 260 140
Other operating and non-operating expense 195 238
Depreciation, depletion and amortization 2,242 973
Asset impairments and other charges [1] 1,803 0
Taxes other than on income 182 111
Anadarko acquisition-related costs 148 0
Exploration expense 37 36
Interest and debt expense, net 352 98
Total 7,828 3,306
Income (loss) before income taxes and other items (1,377) 783
OTHER ITEMS    
Losses on interest rate swaps and warrants, net (585) 0
Income (loss) from equity investments (133) 73
Total (718) 73
Income (loss) from continuing operations before income taxes (2,095) 856
Income tax benefit (expense) 82 (225)
Income (loss) from continuing operations (2,013) 631
NET INCOME (LOSS) (2,013) 631
Less: Preferred stock dividends (219) 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (2,232) $ 631
Income (loss) from continuing operations—basic (in usd per share) $ (2.49) $ 0.84
Net income (loss) attributable to common stockholders—basic (in usd per share) (2.49) 0.84
Income (loss) from continuing operations—diluted (in usd per share) (2.49) 0.84
Net income (loss) attributable to common stockholders—diluted (in usd per share) (2.49) 0.84
DIVIDENDS PER COMMON SHARE (in usd per share) $ 0.79 $ 0.78
[1] (a) Includes $1.2 billion of impairment related to the write-off of goodwill.