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Statement of Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Oil and gas production revenues    
Oil and Gas Production Revenues $ 1,060 $ 1,638
Other (8) (8)
Total revenues and other 1,052 1,630
Depreciation, depletion, and amortization:    
Depreciation, depletion and amortization 1,082 8,302
Asset retirement obligation accretion 38 36
Lease operating expenses 378 481
Gathering and transportation 52 56
Taxes other than income 11 74
General and administrative 93 82
Transaction, reorganization, and separation 15 54
Financing costs, net 90 69
Total operating expenses 1,759 9,154
NET LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (707) (7,524)
Current income tax provision (benefit) 35 (85)
Deferred income tax benefit (181) (2,935)
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST (561) (4,504)
Net loss from discontinued operations, net of tax 0 (132)
NET LOSS INCLUDING NONCONTROLLING INTEREST (561) (4,636)
Net income (loss) attributable to noncontrolling interest (72) 15
NET LOSS ATTRIBUTABLE TO COMMON STOCK (489) (4,651)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS:    
Net loss from continuing operations attributable to common shareholders (489) (4,519)
Net loss from discontinued operations 0 (132)
NET LOSS ATTRIBUTABLE TO COMMON STOCK $ (489) $ (4,651)
NET LOSS PER COMMON SHARE:    
Basic net loss from continuing operations per share $ (1.29) $ (11.99)
Basic net loss from discontinued operations per share 0.00 (0.35)
Basic net loss per share (1.29) (12.34)
DILUTED NET LOSS PER COMMON SHARE:    
Diluted net loss from continuing operations per share (1.29) (11.99)
Diluted net loss from discontinued operations per share 0.00 (0.35)
Diluted net loss per share $ (1.29) $ (12.34)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in shares) 378 377
Diluted (in shares) 378 377
DIVIDENDS DECLARED PER COMMON SHARE $ 0.25 $ 0.25
Oil and gas property and equipment, Recurring [Member]    
Depreciation, depletion, and amortization:    
Depreciation, depletion and amortization $ 552 $ 999
Oil and gas property and equipment, Additional [Member]    
Depreciation, depletion, and amortization:    
Depreciation, depletion and amortization 488 7,220
Other assets [Member]    
Depreciation, depletion, and amortization:    
Depreciation, depletion and amortization 42 83
Oil [Member]    
Oil and gas production revenues    
Oil and Gas Production Revenues 795 1,280
Gas [Member]    
Oil and gas production revenues    
Oil and Gas Production Revenues 223 300
Natural gas liquids [Member]    
Oil and gas production revenues    
Oil and Gas Production Revenues $ 42 $ 58