XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues and other income:        
Revenues from contracts with customers $ 1,447 $ 902 $ 2,984 $ 1,775
Net gain (loss) on commodity derivatives (152) 56 (254) 137
Marketing revenues 0 35 0 69
Income from equity method investments 60 51 97 120
Net gain (loss) on disposal of assets 50 6 307 7
Other income 12 9 16 23
Total revenues and other income 1,417 1,059 3,150 2,131
Costs and expenses:        
Production 205 178 422 331
Marketing, including purchases from related parties 0 38 0 72
Shipping, handling and other operating 126 111 256 200
Exploration 65 30 117 58
Depreciation, depletion and amortization 612 592 1,202 1,148
Impairments 34 0 42 4
Taxes other than income 65 45 129 84
General and administrative 105 90 205 187
Total costs and expenses 1,212 1,084 2,373 2,084
Income (loss) from operations 205 (25) 777 47
Net interest and other (65) (86) (110) (164)
Other net periodic benefit costs 0 (1) (3) (11)
Income (loss) from continuing operations before income taxes 140 (112) 664 (128)
Provision (benefit) for income taxes 44 41 212 75
Income (loss) from continuing operations 96 (153) 452 (203)
Income (loss) from discontinued operations 0 14 0 (4,893)
Net income (loss) $ 96 $ (139) $ 452 $ (5,096)
Per basic share:        
Income (loss) from continuing operations, per basic share $ 0.11 $ (0.18) $ 0.53 $ (0.24)
Income (loss) from discontinued operations, per basic share 0.00 0.02 0.00 (5.76)
Net income (loss), per basic share 0.11 (0.16) 0.53 (6.00)
Per diluted share:        
Income (loss) from continuing operations, per diluted share 0.11 (0.18) 0.53 (0.24)
Income (loss) from discontinued operations, per diluted share 0.00 0.02 0.00 (5.76)
Net income (loss), per diluted share 0.11 (0.16) 0.53 (6.00)
Dividends paid, per share $ 0.05 $ 0.05 $ 0.10 $ 0.10
Weighted average common shares outstanding:        
Weighted average common shares outstanding, basic 854 850 853 850
Weighted average common shares outstanding, diluted 855 850 854 850