XML 22 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income and Comprehensive Income
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
$ / shares
shares
Total $ 11,032,048 $ 17,379,973 $ 17,275,399
Net Income (Loss) $ (604,572) $ 2,734,910 $ 3,419,040
Diluted | $ / shares $ (1.04) $ 4.71 $ 5.89
Basic | $ / shares $ (1.04) $ 4.73 $ 5.93
Basic (in shares) | shares 578,949 577,670 576,578
Diluted (in shares) | shares 578,949 580,777 580,441
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest $ (612,248) $ 2,731,349 $ 3,436,979
Other Comprehensive Income (Loss) (7,676) (3,561) 17,939
Accounts Receivable, after Allowance for Credit Loss, Current 1,337,000 1,619,000 1,460,000
Other, Net of Tax (330) (678) 1,123
Foreign Currency Translation Adjustments (7,346) (2,883) 16,816
Operating Expenses      
Lease and Well 1,063,374 1,366,993 1,282,678
Transportation Costs 734,989 [1] 758,300 [1] 746,876 [1]
Gathering and Processing Costs 459,211 [1] 479,102 [1] 436,973
Exploration Costs 145,788 139,881 148,999
Dry Hole Costs 13,083 [1] 28,001 [1] 5,405 [1]
Impairments 2,099,780 517,896 347,021
Marketing Costs 2,697,729 5,351,524 5,203,243
Depreciation, Depletion and Amortization 3,400,353 3,749,704 3,435,408
General and Administrative 483,823 489,397 426,969
Taxes Other Than Income 477,934 800,164 772,481
Total 11,576,064 13,680,962 12,806,053
Operating Income (Loss) (544,016) 3,699,011 4,469,346
Other Income, Net 10,228 31,385 16,704
Income (Loss) Before Interest Expense and Income Taxes (533,788) 3,730,396 4,486,050
Interest Expense      
Incurred 236,154 223,421 269,549
Capitalized (30,888) (38,292) (24,497)
Net Interest Expense 205,266 185,129 245,052
Income (Loss) Before Income Taxes (739,054) 3,545,267 4,240,998
Income Tax Provision (Benefit) (134,482) 810,357 821,958
Net Income (Loss) $ (604,572) $ 2,734,910 $ 3,419,040
Net Income (Loss) Per Share      
Basic | $ / shares $ (1.04) $ 4.73 $ 5.93
Diluted | $ / shares $ (1.04) $ 4.71 $ 5.89
Average Number of Common Shares [Abstract]      
Basic (in shares) | shares 578,949 577,670 576,578
Diluted (in shares) | shares 578,949 580,777 580,441
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments $ (7,346) $ (2,883) $ 16,816
Other, Net of Tax (330) (678) 1,123
Other Comprehensive Income (Loss) (7,676) (3,561) 17,939
Comprehensive Income (Loss) (612,248) 2,731,349 3,436,979
Crude Oil and Condensate      
Revenues 5,785,609 9,612,532 9,517,440
Natural Gas Liquids      
Revenues 667,514 784,818 1,127,510
Natural Gas      
Revenues 837,133 1,184,095 1,301,537
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts      
Revenues 1,144,737 180,275 (165,640)
Gathering, Processing and Marketing      
Revenues 2,582,984 5,360,282 5,230,355
Gains (Losses) on Asset Dispositions, Net      
Revenues (46,883) 123,613 174,562
Other, Net      
Revenues $ 60,954 $ 134,358 $ 89,635
[1] Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2020.