XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES AND OTHER INCOME        
Net sales $ 5,958 $ 2,928 $ 11,251 $ 9,541
Interest, dividends and other income 49 33 124 67
Gains on sales of equity investments and other assets, net 3 15 114 22
Total 6,010 2,976 11,489 9,630
COSTS AND OTHER DEDUCTIONS        
Oil and gas operating expense 712 631 1,488 1,700
Transportation and gathering expense 364 367 693 932
Chemical and midstream cost of sales 676 577 1,270 1,189
Purchased commodities 487 214 1,045 607
Selling, general and administrative expense 177 225 343 489
Other operating and non-operating expense 248 114 506 311
Taxes other than on income 244 68 454 293
Depreciation, depletion and amortization 2,371 2,119 4,565 4,428
Asset impairments and other charges 21 6,470 156 8,273
Anadarko acquisition-related costs 52 149 93 297
Exploration expense 86 33 114 70
Interest and debt expense, net 385 310 780 662
Total 5,823 11,277 11,507 19,251
Income (loss) before income taxes and other items 187 (8,301) (18) (9,621)
OTHER ITEMS        
Gains (losses) on interest rate swaps and warrants, net (223) (76) 176 (661)
Income from equity investments 179 193 300 60
Total (44) 117 476 (601)
Income (loss) from continuing operations before income taxes 143 (8,184) 458 (10,222)
Income tax benefit (expense) (43) 1,468 (59) 1,493
Income (loss) from continuing operations 100 (6,716) 399 (8,729)
Income (loss) from discontinued operations, net of tax 3 (1,415) (442) (1,415)
NET INCOME (LOSS) 103 (8,131) (43) (10,144)
Less: Preferred stock dividends (200) (222) (400) (441)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (97) $ (8,353) $ (443) $ (10,585)
PER COMMON SHARE, BASIC        
Loss from continuing operations—basic (in usd per share) $ (0.11) $ (7.58) $ 0 $ (10.12)
Income (loss) from discontinued operations - basic (in usd per share) 0.01 (1.54) (0.47) (1.56)
Net loss attributable to common stockholders—basic (in usd per share) (0.10) (9.12) (0.47) (11.68)
PER COMMON SHARE, DILUTED        
Loss from continuing operations—diluted (in usd per share) (0.11) (7.58) 0 (10.12)
Income (loss) from discontinued operations - diluted (in usd per share) 0.01 (1.54) (0.47) (1.56)
Net loss attributable to common stockholders—diluted (in usd per share) $ (0.10) $ (9.12) $ (0.47) $ (11.68)