STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Summary of common stock issuances

The following is a summary of common stock issuances:

Shares in thousands	Common Stock
Balance, December 31, 2018	895,116
Issued	3,188
Issued as part of the Acquisition (a)	146,131
Balance, December 31, 2019	1,044,435
Issued	36,130
Balance, December 31, 2020	1,080,565
Issued	2,522
Options exercised and other, net	336
Balance, December 31, 2021	1,083,423

(a)Included approximately two million shares of common stock issued to a benefits trust for former Anadarko employees treated as treasury stock as of December 31, 2019. These shares were sold from the trust in the first quarter of 2020.

Calculation of basic and diluted EPS

The following table presents the calculation of basic and diluted EPS for the years ended December 31:

millions except per share amounts	2021		2020		2019
Income (loss) from continuing operations	$	2,790	$	(13,533)	$	(507)
Loss from discontinued operations	(468)		(1,298)		(15)
Net income (loss)	$	2,322	$	(14,831)	$	(522)
Less: Net income attributable to noncontrolling interest	—		—		(145)
Less: Preferred stock dividends	(800)		(844)		(318)
Net income (loss) attributable to common stock	$	1,522	$	(15,675)	$	(985)
Less: Net income allocated to participating securities	(10)		—		—
Net income (loss), net of participating securities	$	1,512	$	(15,675)	$	(985)
Weighted-average number of basic shares	935.0		918.7		809.5
Basic earnings (loss) per common share	$	1.62	$	(17.06)	$	(1.22)
Net income (loss), net of participating securities	$	1,512	$	(15,675)	$	(985)
Weighted-average number of basic shares	935.0		918.7		809.5
Dilutive securities	23.8		—		—
Total diluted weighted-average common shares	958.8		918.7		809.5
Diluted earnings (loss) per common share	$	1.58	$	(17.06)	$	(1.22)

Components of accumulated other comprehensive income (loss)

Accumulated OCI (loss) consisted of the following after-tax amounts as of December 31:

millions	2021		2020
Foreign currency translation adjustments	$	(8)	$	(6)
Losses on derivatives	(104)		(119)
Pension and postretirement adjustments (a)	(96)		(163)
Total	$	(208)	$	(288)

(a)See Note 11 - Retirement and Postretirement Benefit Plans for further information.