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Statement of Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Oil and gas production revenues        
Oil and gas production revenues $ 1,952 $ 3,471 $ 3,590 $ 6,862
Derivative instrument gains (losses), net   (174)   (194)
Other 25 (8) 17 9
Total revenues and other 1,977 3,289 3,607 6,677
Oil and gas property and equipment        
Depreciation, depletion and amortization 6,822 1,358 15,124 2,458
Asset retirement obligation accretion 36 38 72 76
Lease operating expenses 467 560 948 1,108
Gathering and transportation 49 66 105 136
Taxes other than income 55 177 128 358
General and administrative 111 113 193 221
Transaction, reorganization, and separation costs 66 14 120 32
Financing costs, net 63 52 133 97
Total operating expenses 7,669 2,378 16,823 4,486
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (5,692) 911 (13,216) 2,191
Current income tax provision 665 373 580 740
Deferred income tax provision (benefit) (1,525) (19) (4,460) 144
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST (4,832) 557 (9,336) 1,307
Net income (loss) from discontinued operations, net of tax (732) 56 (864) (360)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST (5,564) 613 (10,200) 947
Net income attributable to noncontrolling interest 36 108 51 206
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK (5,600) 505 (10,251) 741
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS:        
Net income (loss) from continuing operations attributable to common shareholders (4,868) 449 (9,387) 1,101
Net income (loss) from discontinued operations (732) 56 (864) (360)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ (5,600) $ 505 $ (10,251) $ 741
NET INCOME (LOSS) PER COMMON SHARE:        
Basic net income (loss) from continuing operations per share $ (12.89) $ 1.17 $ (24.88) $ 2.83
Basic net income (loss) from discontinued operations per share (1.94) 0.14 (2.29) (0.93)
Basic net income (loss) per share (14.83) 1.31 (27.17) 1.90
DILUTED NET INCOME (LOSS) PER COMMON SHARE:        
Diluted net income (loss) from continuing operations per share (12.89) 1.17 (24.88) 2.82
Diluted net income (loss) from discontinued operations per share (1.94) 0.14 (2.29) (0.93)
Diluted net income (loss) per share $ (14.83) $ 1.31 $ (27.17) $ 1.89
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic 378 385 377 390
Diluted 378 387 377 392
DIVIDENDS DECLARED PER COMMON SHARE $ 0.25 $ 0.25 $ 0.50 $ 0.50
Other Assets [Member]        
Oil and gas property and equipment        
Depreciation, depletion and amortization $ 83 $ 81 $ 166 $ 159
Oil and Gas Property and Equipment Recurring [Member]        
Oil and gas property and equipment        
Depreciation, depletion and amortization 923 1,074 1,922 2,096
Oil and Gas Property and Equipment Additional [Member]        
Oil and gas property and equipment        
Depreciation, depletion and amortization 5,816 203 13,036 203
Oil Reserves [Member]        
Oil and gas production revenues        
Revenues 1,599 2,797 2,879 5,442
Natural Gas [Member]        
Oil and gas production revenues        
Revenues 295 505 595 1,065
Natural Gas Liquids [Member]        
Oil and gas production revenues        
Revenues $ 58 $ 169 $ 116 $ 355