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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES AND OTHER INCOME    
Net sales $ 5,293 $ 6,613
Interest, dividends and other income 75 34
Gains on sales of assets and equity investments, net 111 7
Total 5,479 6,654
COSTS AND OTHER DEDUCTIONS    
Oil and gas operating expense 776 1,069
Transportation and gathering expense 329 565
Chemical and midstream cost of sales 594 612
Purchased commodities 558 393
Selling, general and administrative expenses 166 264
Other operating and non-operating expense 258 197
Taxes other than on income 210 225
Depreciation, depletion and amortization 2,194 2,309
Asset impairments and other charges 135 1,803
Anadarko acquisition-related costs 41 148
Exploration expense 28 37
Interest and debt expense, net 395 352
Total 5,684 7,974
Loss before income taxes and other items (205) (1,320)
OTHER ITEMS    
Gains (losses) on interest rate swaps and warrants, net 399 (585)
Income (loss) from equity investments 121 (133)
Total 520 (718)
Income (loss) from continuing operations before income taxes 315 (2,038)
Income tax benefit (expense) (16) 25
Income (loss) from continuing operations 299 (2,013)
Loss from discontinued operations, net of tax (445) 0
NET LOSS (146) (2,013)
Less: Preferred stock dividends (200) (219)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (346) $ (2,232)
PER COMMON SHARE, BASIC    
Income (loss) from continuing operations—basic (in usd per share) $ 0.11 $ (2.49)
Loss from discontinued operations - basic (in usd per share) (0.48) 0
Net loss attributable to common stockholders—basic (in usd per share) (0.37) (2.49)
PER COMMON SHARE, DILUTED    
Income (loss) from continuing operations—diluted (in usd per share) 0.10 (2.49)
Loss from discontinued operations - diluted (in usd per share) (0.46) 0
Net loss attributable to common stockholders—diluted (in usd per share) $ (0.36) $ (2.49)