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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues and other income:    
Revenues from contracts with customers $ 1,200 $ 1,537
Net loss on commodity derivatives (91) (102)
Income from equity method investments 11 37
Net gain on disposal of assets 42 257
Other income 35 4
Total revenues and other income 1,197 1,733
Costs and expenses:    
Production 187 217
Shipping, handling and other operating 154 130
Exploration 59 52
Depreciation, depletion and amortization 554 590
Impairments 6 8
Taxes other than income 72 64
General and administrative 94 100
Total costs and expenses 1,126 1,161
Income from operations 71 572
Net interest and other (49) (45)
Other net periodic benefit costs 5 (3)
Income before income taxes 27 524
Provision (benefit) for income taxes (147) 168
Net income $ 174 $ 356
Net income per share:    
Basic $ 0.21 $ 0.42
Per diluted share:    
Diluted $ 0.21 $ 0.42
Weighted average common shares outstanding:    
Basic 819 851
Diluted 820 852