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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues $ 3,681 $ 5,696 $ 12,082 $ 16,203
Cost of sales:        
Production and delivery 2,893 3,152 8,653 8,971
Depreciation, depletion and amortization 888 945 2,717 2,924
Impairment of oil and gas properties 3,652 308 9,442 308
Total cost of sales 7,433 4,405 20,812 12,203
Selling, general and administrative expenses 124 158 429 457
Mining exploration and research expenses 32 29 101 93
Environmental obligations and shutdown costs 37 18 61 100
Net gain on sales of assets 0 (46) (39) (46)
Total costs and expenses 7,626 4,564 21,364 12,807
Operating (loss) income (3,945) 1,132 (9,282) 3,396
Interest expense, net (163) (158) (458) (483)
Insurance and other third-party recoveries 0 0 92 0
Net gain on early extinguishment of debt 0 58 0 63
Other (expense) income, net (40) 23 (88) 48
(Loss) income before income taxes and equity in affiliated companies' net losses (4,148) 1,055 (9,736) 3,024
Benefit from (provision for) income taxes 360 (349) 1,742 (1,034)
Equity in affiliated companies’ net losses (2) (2) (1) 0
Net (loss) income (3,790) 704 (7,995) 1,990
Net income attributable to noncontrolling interests (29) (142) (129) (416)
Preferred dividends attributable to redeemable noncontrolling interest (11) (10) (31) (30)
Net (loss) income attributable to common stockholders $ (3,830) $ 552 $ (8,155) $ 1,544
Net (loss) income per share attributable to common stockholders:        
Basic $ (3.58) $ 0.53 $ (7.77) $ 1.48
Diluted $ (3.58) $ 0.53 $ (7.77) $ 1.47
Weighted-average common shares outstanding:        
Basic 1,071 1,039 1,050 1,039
Diluted 1,071 1,046 1,050 1,045
Dividends declared per share of common stock $ 0.05 $ 0.3125 $ 0.2605 $ 0.9375