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Consolidated Income Statement - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues and Other Income    
Sales and other operating revenues $ 8,798 $ 7,518 [1]
Equity in earnings (losses) of affiliates 208 200
Gain on Dispositions 7 22
Other income (52) 31
Total Revenues and Other Income 8,961 7,771
Costs and Expenses    
Purchased commodities 3,714 3,192
Production and operating expenses 1,171 1,291 [2],[3]
Selling, general and administrative expenses 99 97 [2],[3]
Exploration expenses 95 550 [2],[3]
Depreciation, depletion and amortization 1,412 1,979
Impairments 12 175
Taxes other than Income Taxes 183 231
Accretion on discounted liabilities 88 95
Interest and debt expense 184 315
Foreign currency transaction (gains) losses 30 10
Other Expense 197 68 [2],[4]
Total Costs and Expenses 7,185 8,003
Income (Loss) before income taxes 1,776 (232)
Income tax provision (benefit) 876 (831)
Net income (loss) 900 599
Less: net income attributable to noncontrolling interests (12) (13)
Net Income (Loss) Attributable to ConocoPhillips $ 888 $ 586
Earnings Per Share, Basic [Abstract]    
Earnings Per Share, Basic $ 0.75 $ 0.47
Earnings Per Share, Diluted [Abstract]    
Earnings Per Share, Diluted 0.75 0.47
Dividends Paid Per Share of Common Stock (dollars) $ 0.285 $ 0.265
Average Common Shares Outstanding (in thousands)    
Basic 1,179,792 1,243,280
Diluted 1,186,454 1,248,722
[1]
*Under the modified retrospective approach, prior period amounts have not been adjusted upon adoption of ASC Topic 606.
[2]
*Certain amounts have been reclassified to conform to the current-period presentation resulting from the adoption of ASU No. 2017-07.
[3]
See Note 2—Changes in Accounting Principles, for additional information.
[4]
See Note 2—Changes in Accounting Principles, for additional information.