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Statement of Consolidated Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Oil and gas production revenues:      
Oil and gas production revenues $ 6,510 $ 12,795 $ 14,825
Other 98 285 (315)
Gain (loss) on divestiture 281 (1,608) (1,231)
Total revenues and other 6,889 11,472 13,279
OPERATING EXPENSES:      
Lease operating expenses 1,854 2,238 2,650
Gathering and transportation 211 273 288
Taxes other than income 282 577 772
Exploration Expense 2,771 2,499 942
General and administrative 380 453 491
Oil and gas property and equipment      
Depreciation, depletion, and amortization 3,300 4,526 5,057
Asset retirement obligation accretion 145 154 211
Impairments 9,472 7,102 1,443
Transaction, reorganization, and separation 132 67 33
Financing costs, net 511 413 445
Total operating expenses 19,058 18,302 12,332
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (12,169) (6,830) 947
Current income tax provision 435 1,281 1,673
Deferred income tax provision (benefit) (1,445) (1,799) (732)
Net income (loss) from continuing operations including noncontrolling interest (11,159) (6,312) 6
Net income (loss) from discontinued operations, net of tax 492 (1,707) 438
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST (10,667) (8,019) 444
Preferred stock dividends 0 0 44
Net income (loss) attributable to noncontrolling interest (315) 341 56
Net income (loss) attributable to common shareholders (10,352) (8,360) 344
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS:      
Net income (loss) from continuing operations attributable to common shareholders (10,844) (6,653) (94)
Net income (loss) from discontinued operations 492 (1,707) 438
Net income (loss) attributable to common shareholders $ (10,352) $ (8,360) $ 344
BASIC NET INCOME (LOSS) PER COMMON SHARE:      
Basic net income (loss) from continuing operations per share $ (28.70) $ (17.32) $ (0.24)
Basic net income (loss) from discontinued operations per share 1.30 (4.44) 1.11
Basic net income (loss) per share (27.40) (21.76) 0.87
DILUTED NET INCOME (LOSS) PER COMMON SHARE:      
Diluted net income (loss) from continuing operations per share (28.70) (17.32) (0.24)
Diluted net income (loss) from discontinued operations per share 1.30 (4.44) 1.11
Diluted net income (loss) per share $ (27.40) $ (21.76) $ 0.87
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic 378 384 395
Diluted 378 384 395
DIVIDENDS DECLARED PER COMMON SHARE $ 1.00 $ 1.00 $ 0.80
Oil and gas property and equipment [Member]      
Oil and gas property and equipment      
Depreciation, depletion, and amortization $ 2,976 $ 4,195 $ 4,705
Other assets [Member]      
Oil and gas property and equipment      
Depreciation, depletion, and amortization 324 331 352
Oil [Member]      
Oil and gas production revenues:      
Oil and gas production revenues 5,107 10,110 11,870
Natural Gas [Member]      
Oil and gas production revenues:      
Oil and gas production revenues 1,176 2,017 2,303
Natural Gas Liquids [Member]      
Oil and gas production revenues:      
Oil and gas production revenues $ 227 $ 668 $ 652