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Statement of Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Oil and gas production revenues        
Oil and gas production revenues $ 1,572 $ 3,181 $ 5,162 $ 10,043
Derivative instrument gains, net   273   79
Other (76) (13) (59) (4)
Total revenues and other 1,496 3,441 5,103 10,118
Oil and gas property and equipment        
Depreciation, depletion and amortization 6,629 2,735 21,753 5,193
Asset retirement obligation accretion 37 39 109 115
Lease operating expenses 450 588 1,398 1,696
Gathering and transportation 58 67 163 203
Taxes other than income 104 124 232 482
Impairments 367   367  
General and administrative 86 111 279 332
Transaction, reorganization, and separation   34 120 66
Financing costs, net 107 60 240 157
Total operating expenses 7,838 3,758 24,661 8,244
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (6,342) (317) (19,558) 1,874
Current income tax provision (benefit) (84) 228 496 968
Deferred income tax provision (benefit) (707) 540 (5,167) 684
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST (5,551) (1,085) (14,887) 222
Net loss from discontinued operations, net of tax (95) (156) (959) (516)
NET LOSS INCLUDING NONCONTROLLING INTEREST (5,646) (1,241) (15,846) (294)
Net income attributable to noncontrolling interest 9 89 60 295
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK (5,655) (1,330) (15,906) (589)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS:        
Net loss from continuing operations attributable to common shareholders (5,560) (1,174) (14,947) (73)
Net loss from discontinued operations (95) (156) (959) (516)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ (5,655) $ (1,330) $ (15,906) $ (589)
NET LOSS PER COMMON SHARE:        
Basic net loss from continuing operations per share $ (14.70) $ (3.08) $ (39.58) $ (0.19)
Basic net loss from discontinued operations per share (0.25) (0.42) (2.54) (1.33)
Basic net loss per share (14.95) (3.50) (42.12) (1.52)
DILUTED NET LOSS PER COMMON SHARE:        
Diluted net loss from continuing operations per share (14.70) (3.08) (39.58) (0.19)
Diluted net loss from discontinued operations per share (0.25) (0.42) (2.54) (1.33)
Diluted net loss per share $ (14.95) $ (3.50) $ (42.12) $ (1.52)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic 378 381 378 387
Diluted 378 381 378 387
DIVIDENDS DECLARED PER COMMON SHARE $ 0.25 $ 0.25 $ 0.75 $ 0.75
Other Assets [Member]        
Oil and gas property and equipment        
Depreciation, depletion and amortization $ 79 $ 87 $ 245 $ 246
Oil and Gas Property and Equipment Recurring [Member]        
Oil and gas property and equipment        
Depreciation, depletion and amortization 829 1,086 2,751 3,182
Oil and Gas Property and Equipment Additional [Member]        
Oil and gas property and equipment        
Depreciation, depletion and amortization 5,721 1,562 18,757 1,765
Oil Reserves [Member]        
Oil and gas production revenues        
Revenues 1,213 2,553 4,092 7,995
Natural Gas [Member]        
Oil and gas production revenues        
Revenues 309 451 904 1,516
Natural Gas Liquids [Member]        
Oil and gas production revenues        
Revenues $ 50 $ 177 $ 166 $ 532