XML 43 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]                      
Revenues $ 3,684 $ 4,908 $ 5,168 $ 4,868 $ 5,041 $ 4,310 $ 3,711 $ 3,341 $ 18,628 $ 16,403 $ 14,830
Cost of sales:                      
Production and delivery                 11,691 10,266 10,687
Cost, Depreciation, Amortization and Depletion                 1,754 1,714 2,530
Impairment of Oil and Gas Properties                 0 0 4,317
Total cost of sales                 13,445 11,980 17,534
Selling, general and administrative expenses                 443 477 597
Exploration Expense                 105 93 63
Environmental obligations and shutdown costs                 89 244 14
Net gain on sales of assets (82) (70) (45) (11) (15) (33) (10) (23) (208) (81) (649)
Total costs and expenses                 13,874 12,713 17,559
Operating income (loss) 316 1,315 1,664 1,459 1,479 928 686 597 4,754 3,690 (2,729)
Interest expense, net                 (945) (801) (755)
Net gain on early extinguishment and exchanges of debt                 7 21 26
Other income (expense), net                 76 (8) (14)
Income (loss) from continuing operations before income taxes and equity in affiliated companies’ net earnings                 3,892 2,902 (3,472)
Provision for (benefit from) income taxes                 (991) (883) (371)
Equity in affiliated companies’ net earnings                 8 10 11
Net income (loss) from continuing operations 374 668 1,039 828 1,193 242 326 268 2,909 2,029 (3,832)
Net (loss) income from discontinued operations 4 (4) (4) (11) 16 3 9 38 (15) 66 (193)
Net income (loss) 378 664 1,035 817 1,209 245 335 306 2,894 2,095 (4,025)
Net income from continuing operations attributable to noncontrolling interests                 (292) (274) (227)
Net income attributable to noncontrolling interests: Discontinued Operations         0 0 (1) (3) 0 (4) (63)
Gain on redemption and preferred dividends attributable to redeemable noncontrolling interest                 0 0 161
Net income (loss) attributable to common stockholders $ 485 $ 556 $ 869 $ 692 $ 1,041 $ 280 $ 268 $ 228 $ 2,602 $ 1,817 $ (4,154)
Basic net income (loss) per share attributable to common stockholders:                      
Income (Loss) from Continuing Operations, Per Basic Share $ 0.33 $ 0.38 $ 0.60 $ 0.48 $ 0.71 $ 0.19 $ 0.18 $ 0.13 $ 1.80 $ 1.21 $ (2.96)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share 0.00 0.00 0.00 (0.01) 0.01 0.00 0.00 0.03 (0.01) 0.04 (0.20)
Earnings Per Share, Basic 0.33 0.38 0.60 0.47 0.72 0.19 0.18 0.16 1.79 1.25 (3.16)
Diluted net income (loss) per share attributable to common stockholders:                      
Income (Loss) from Continuing Operations, Per Diluted Share 0.33 0.38 0.59 0.48 0.70 0.19 0.18 0.13 1.79 1.21 (2.96)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 0.00 0.00 0.00 (0.01) 0.01 0.00 0.00 0.03 (0.01) 0.04 (0.20)
Earnings Per Share, Diluted $ 0.33 $ 0.38 $ 0.59 $ 0.47 $ 0.71 $ 0.19 $ 0.18 $ 0.16 $ 1.78 $ 1.25 $ (3.16)
Weighted Average Number of Shares Outstanding, Basic 1,450,000,000 1,450,000,000 1,449,000,000 1,449,000,000 1,448,000,000 1,448,000,000 1,447,000,000 1,446,000,000 1,449,000,000 1,447,000,000 1,318,000,000
Weighted Average Number of Shares Outstanding, Diluted 1,457,000,000.00 1,458,000,000.00 1,458,000,000.00 1,458,000,000.00 1,455,000,000 1,454,000,000 1,453,000,000 1,454,000,000 1,458,000,000.00 1,454,000,000 1,318,000,000
Dividends declared per share of common stock (in dollars per share)                 $ 0.2 $ 0 $ 0