XML 16 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and other income:        
Sales and other operating revenues, including related party $ 870 $ 1,307 $ 1,584 $ 2,587
Marketing revenues 89 183 147 387
Income from equity method investments 37 26 51 62
Net gain (loss) on disposal of assets 294 0 234 1
Other income 12 15 16 26
Total revenues and other income 1,302 1,531 2,032 3,063
Costs and expenses:        
Production 350 450 678 894
Marketing, including purchases from related parties 88 182 146 387
Other operating 95 81 204 188
Exploration 189 111 213 201
Depreciation, depletion and amortization 561 751 1,170 1,572
Impairments 0 44 1 44
Taxes other than income 39 78 87 145
General and administrative 132 168 283 339
Total costs and expenses 1,454 1,865 2,782 3,770
Income (loss) from operations (152) (334) (750) (707)
Net interest and other (86) (58) (171) (105)
Income (loss) before income taxes (238) (392) (921) (812)
Provision (benefit) for income taxes (68) (6) (344) (150)
Net income (loss) $ (170) $ (386) $ (577) $ (662)
Net income (loss) per share:        
Net income (loss), per basic share $ (0.20) $ (0.57) $ (0.73) $ (0.98)
Net income (loss), per diluted share (0.20) (0.57) (0.73) (0.98)
Dividends paid, per share $ 0.05 $ 0.21 $ 0.10 $ 0.42
Weighted average common shares outstanding, basic 848 677 790 676
Weighted average common shares outstanding, diluted 848 677 790 676