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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues and other income:      
Revenues from contracts with customers $ 5,601 $ 3,097 $ 5,063
Net gain (loss) on commodity derivatives (383) 116 (72)
Income (loss) from equity method investments 253 (161) 87
Net gain (loss) on disposal of assets (19) 9 50
Other income 15 25 62
Total revenues and other income 5,467 3,086 5,190
Costs and expenses:      
Production 534 555 712
Shipping, handling and other operating 727 596 605
Exploration 136 181 149
Depreciation, depletion and amortization 2,066 2,316 2,397
Impairments 60 144 24
Taxes other than income 345 200 311
General and administrative 291 274 356
Total costs and expenses 4,159 4,266 4,554
Income (loss) from operations 1,308 (1,180) 636
Net interest and other (188) (256) (244)
Other net periodic benefit (costs) credits 5 (1) 3
Loss on early extinguishment of debt (121) (28) (3)
Income (loss) before income taxes 1,004 (1,465) 392
Provision (benefit) for income taxes 58 (14) (88)
Net income (loss) $ 946 $ (1,451) $ 480
Net income (loss) per share:      
Basic (in dollars per share) $ 1.20 $ (1.83) $ 0.59
Diluted (in dollars per share) $ 1.20 $ (1.83) $ 0.59
Weighted average common shares outstanding:      
Basic (in shares) 787 792 810
Diluted (in shares) 788 792 810