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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES AND OTHER INCOME      
Net sales $ 25,956 $ 17,809 $ 20,911
Interest, dividends and other income 166 118 217
Gains (losses) on sale of assets, net 192 (1,666) 622
Total 26,314 16,261 21,750
COSTS AND OTHER DEDUCTIONS      
Oil and gas operating expense 3,160 3,065 3,282
Transportation and gathering expense 1,419 1,600 635
Chemical and midstream cost of sales 2,772 2,408 2,791
Purchased commodities 2,308 1,395 1,679
Selling, general and administrative 863 864 893
Other operating and non-operating expense 1,065 884 1,421
Depreciation, depletion and amortization 8,447 8,097 6,140
Asset impairments and other charges 304 11,083 1,361
Taxes other than on income 1,005 622 840
Anadarko Acquisition-related costs 153 339 1,647
Exploration expense 252 132 247
Interest and debt expense, net 1,614 1,424 1,066
Total 23,362 31,913 22,002
Income (loss) before income taxes and other items 2,952 (15,652) (252)
OTHER ITEMS      
Gains (losses) on interest rate swaps and warrants, net 122 (423) 233
Income from equity investments 631 370 373
Total 753 (53) 606
Income (loss) from continuing operations before income taxes 3,705 (15,705) 354
Income tax benefit (expense) (915) 2,172 (861)
Income (loss) from continuing operations 2,790 (13,533) (507)
Loss from discontinued operations, net of tax (468) (1,298) (15)
NET INCOME (LOSS) 2,322 (14,831) (522)
Less: Net income attributable to noncontrolling interest 0 0 (145)
Less: Preferred stock dividends (800) (844) (318)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 1,522 $ (15,675) $ (985)
PER COMMON SHARE, BASIC      
Income (loss) from continuing operations—basic (in dollars per share) $ 2.12 $ (15.65) $ (1.20)
Loss from discontinued operations—basic (in dollars per share) (0.50) (1.41) (0.02)
Net income (loss) attributable to common stockholders—basic (in dollars per share) 1.62 (17.06) (1.22)
PER COMMON SHARE, DILUTED      
Income (loss) from continuing operations—diluted (in dollars per share) 2.06 (15.65) (1.20)
Loss from discontinued operations—diluted (in dollars per share) (0.48) (1.41) (0.02)
Net income (loss) attributable to common stockholders—diluted (in dollars per share) $ 1.58 $ (17.06) $ (1.22)