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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Revenues $ 14,198 $ 14,402 $ 18,628
Cost of sales:      
Production and delivery 10,031 11,534 11,708
Cost, Depreciation, Amortization and Depletion 1,528 1,412 1,754
Total cost of sales 11,655 13,125 13,466
Selling, general and administrative expenses 370 394 422
Exploration Expense 50 104 105
Environmental obligations and shutdown costs 159 105 89
Net gain on sales of assets (473) (417) (208)
Total costs and expenses 11,761 13,311 13,874
Operating income 2,437 1,091 4,754
Interest expense, net (598) (620) (945)
Net (loss) gain on early extinguishment of debt (101) (27) 7
Other income (expense), net 59 (138) 76
Income from continuing operations before income taxes and equity in affiliated companies’ net earnings 1,797 306 3,892
Provision for (benefit from) income taxes (944) (510) (991)
Equity in affiliated companies’ net earnings 12 12 8
Net income (loss) from continuing operations 865 (192) 2,909
Net income (loss) from discontinued operations 0 3 (15)
Net income (loss) 865 (189) 2,894
Net income from continuing operations attributable to noncontrolling interests (266) (50) (292)
Net income (loss) attributable to common stockholders $ 599 $ (239) $ 2,602
Basic net income (loss) per share attributable to common stockholders:      
Income (Loss) from Continuing Operations, Per Basic Share $ 0.41 $ (0.17) $ 1.80
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0 (0.01)
Earnings per share, basic (in dollars per share) 0.41 (0.17) 1.79
Diluted net income (loss) per share attributable to common stockholders:      
Income (Loss) from Continuing Operations, Per Diluted Share 0.41 (0.17) 1.79
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share     (0.01)
Earnings Per Share, Diluted $ 0.41 $ (0.17) $ 1.78
Weighted Average Number of Shares Outstanding, Basic 1,453 1,451 1,449
Weighted Average Number of Shares Outstanding, Diluted 1,461 1,451 1,458
Dividends declared per share of common stock (in dollars per share) $ 0 $ 0.20 $ 0.20
Direct Operating Costs $ 10,031 $ 11,534 $ 11,708
Inventory Adjustment $ 96 $ 179 $ 4
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic and Diluted Share $ 0 $ 0 $ (0.01)