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Consolidated Income Statement - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues and Other Income        
Sales and other operating revenues $ 9,449 $ 6,688 $ 26,751 $ 20,987
Equity in earnings (losses) of affiliates 294 196 767 574
Gain on Dispositions 113 246 175 2,144
Other income 309 65 673 143
Total Revenues and Other Income 10,165 7,195 28,366 23,848
Costs and Expenses        
Purchased commodities 3,530 2,926 10,308 9,040
Production and operating expenses 1,367 1,222 [1],[2] 3,851 3,838 [1],[2]
Selling, general and administrative expenses 119 110 [1],[2] 336 302 [1],[2]
Exploration expenses 103 73 [1],[2] 267 720 [1],[2]
Depreciation, depletion and amortization 1,494 1,608 4,344 5,212
Impairments 44 6 21 6,475
Taxes other than Income Taxes 312 175 768 604
Accretion on discounted liabilities 89 89 266 276
Interest and debt expense 186 251 547 872
Foreign currency transaction (gains) losses 5 5 7 28
Other Expense 10 77 [1] 350 421 [1]
Total Costs and Expenses 7,259 6,542 21,065 27,788
Income (Loss) before income taxes 2,906 653 7,301 (3,940)
Income tax provision (benefit) 1,033 217 2,874 (1,549)
Net income (loss) 1,873 436 4,427 (2,391)
Less: net income attributable to noncontrolling interests (12) (16) (38) (43)
Net Income (Loss) Attributable to ConocoPhillips $ 1,861 $ 420 $ 4,389 $ (2,434)
Earnings Per Share, Basic [Abstract]        
Earnings Per Share, Basic $ 1.6 $ 0.35 $ 3.74 $ (1.98)
Earnings Per Share, Diluted [Abstract]        
Earnings Per Share, Diluted 1.59 0.34 3.72 (1.98)
Dividends Paid Per Share of Common Stock (dollars) $ 0.29 $ 0.27 $ 0.86 $ 0.8
Average Common Shares Outstanding (in thousands)        
Basic 1,163,033 1,212,454 1,171,673 1,230,742
Diluted 1,172,694 1,215,341 1,180,774 1,230,742
[1]
*Certain amounts have been reclassified to conform to the current-period presentation resulting from the adoption of ASU No. 2017-07.
[2]
See Note 2—Changes in Accounting Principles, for additional information.