XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES AND OTHER INCOME        
Net sales $ 4,108 $ 5,859 $ 13,649 $ 14,283
Interest, dividends and other income 21 56 88 175
(Losses) gains on sale of assets, net (846) 128 (824) 150
Total 3,283 6,043 12,913 14,608
COSTS AND OTHER DEDUCTIONS        
Oil and gas operating expense 656 974 2,356 2,336
Transportation and gathering expense 343 221 1,275 285
Chemical and midstream cost of sales 618 741 1,807 2,046
Purchased commodities 333 441 940 1,237
Selling, general and administrative expenses 166 245 655 548
Other operating and non-operating expense 231 362 542 860
Taxes other than on income 180 244 473 478
Depreciation, depletion and amortization 1,915 1,767 6,343 3,771
Asset impairments and other charges 2,723 325 10,996 325
Anadarko acquisition-related costs 5 924 302 974
Exploration expense 29 63 99 134
Interest and debt expense, net 353 381 1,015 632
Total 7,552 6,688 26,803 13,626
Income (loss) before income taxes and other items (4,269) (645) (13,890) 982
OTHER ITEMS        
Gains (losses) on interest rate swaps and Berkshire warrants, net 88 (33) (573) (33)
Income from equity investments 123 104 183 274
Total 211 71 (390) 241
Income (loss) from continuing operations before income taxes (4,058) (574) (14,280) 1,223
Income tax benefit (expense) 403 (163) 1,896 (694)
Income (loss) from continuing operations (3,655) (737) (12,384) 529
Income (loss) from discontinued operations, net of tax 80 (15) (1,335) (15)
NET INCOME (LOSS) (3,575) (752) (13,719) 514
Less: Net income attributable to noncontrolling interest 0 (42) 0 (42)
Less: Preferred stock dividends (203) (118) (644) (118)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (3,778) $ (912) $ (14,363) $ 354
Income (loss) from continuing operations—basic (in usd per share) $ (4.16) $ (1.06) $ (14.26) $ 0.47
Loss from discontinued operations - basic (in usd per share) 0.09 (0.02) (1.46) (0.02)
Net income (loss) attributable to common stockholders—basic (in usd per share) (4.07) (1.08) (15.72) 0.45
Income (loss) from continuing operations—diluted (in usd per share) (4.16) (1.06) (14.26) 0.47
Loss from discontinued operations - diluted (in usd per share) 0.09 (0.02) (1.46) (0.02)
Net income (loss) attributable to common stockholders—diluted (in usd per share) $ (4.07) $ (1.08) $ (15.72) $ 0.45