Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Our stock-based compensation consisted of the following:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
	(In millions)
Equity awards	$	15		$	12		$	37		$	35
Liability awards:
Stockholder Value Appreciation Program	(12		)	8			42			8
Cash-settled restricted stock units	5			5			21			6
Total liability awards	(7		)	13			63			14
Total stock-based compensation	8			25			100			49
Capitalized in oil and gas properties	2			(7		)	(38		)	(14		)
Net stock-based compensation expense	$	10		$	18		$	62		$	35

The following table provides information about stock option activity.



	Number of Shares Underlying Options		Weighted- Average Exercise Price per Share		Weighted- Average Grant Date Fair Value per Share		Weighted- Average Remaining Contractual Life	Aggregate Intrinsic Value⁽¹⁾
	(In thousands)						(In years)	(In millions)
Outstanding at December 31, 2013	687		$	39.68			1.9	$	—
Granted	—		—		$	—
Exercised	(134	)	29.32					1
Forfeited	(236	)	40.22
Outstanding at September 30, 2014	317		$	43.64			2.3	$	—

Exercisable at September 30, 2014	317		$	43.64			2.3	$	—

________


(1)	The intrinsic value of a stock option is the amount by which the market value of our common stock at the indicated date, or at the time of exercise, exceeds the exercise price of the option.

The following table provides information about restricted stock and restricted stock unit activity.



	Service-Based Shares		Performance/ Market-Based Shares		Total Shares		Weighted- Average Grant Date Fair Value per Share
	(In thousands, except per share data)
Non-vested shares outstanding at December 31, 2013	2,999		706		3,705		$	33.31
Granted	382		339		721		25.24
Forfeited	(353	)	(46	)	(399	)	26.00
Vested	(1,088	)	(30	)	(1,118	)	36.61
Non-vested shares outstanding at September 30, 2014	1,940		969		2,909		$	30.19