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Statement of Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Oil and gas production revenues        
Oil and Gas Production Revenues $ 1,439 $ 1,606 [1] $ 3,912 $ 5,256 [1]
Other (6) (75) [1] (30) (53) [1]
Gain (loss) on divestitures 5 (5) [1] 21 204 [1],[2]
Total revenues and other 1,438 1,526 [1] 3,903 5,407 [1]
OPERATING EXPENSES:        
Lease operating expenses 382 450 [1] 1,119 1,398 [1]
Gathering and transportation 51 58 [1] 155 163 [1]
Taxes other than income 9 104 [1] 85 232 [1]
Exploration 161 223 [1] 347 706 [1]
General and administrative 102 89 [1] 298 284 [1]
Depreciation, depletion, and amortization:        
Depreciation, depletion and amortization 648 872 1,995 2,492 [2]
Asset retirement obligation accretion 40 37 [1] 116 109 [1],[2]
Impairments 836 3,903 [1] 1,009 6,327 [1],[2]
Transaction, reorganization, and separation 12 0 [1] 36 120 [1]
Financing costs, net 102 160 [1] 311 401 [1]
Total operating expenses 2,343 5,896 [1] 5,471 12,232 [1]
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (905) (4,370) [1] (1,568) (6,825) [1]
Current income tax provision (benefit) 150 (270) [1] 284 578 [1]
Deferred income tax provision (benefit) (529) 19 [1] (755) (1,299) [1],[2]
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST (526) (4,119) [1] (1,097) (6,104) [1]
Net loss from discontinued operations, net of tax (33) (17) [1] (33) (135) [1]
NET LOSS INCLUDING NONCONTROLLING INTEREST (559) (4,136) [1] (1,130) (6,239) [1],[2]
Net income attributable to noncontrolling interest 48 7 [1] 93 98 [1]
NET LOSS ATTRIBUTABLE TO COMMON STOCK (607) (4,143) [1] (1,223) (6,337) [1]
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS:        
Net loss from continuing operations attributable to common shareholders (574) (4,126) [1] (1,190) (6,202) [1]
Net loss from discontinued operations (33) (17) [1] (33) (135) [1],[2]
NET LOSS ATTRIBUTABLE TO COMMON STOCK $ (607) $ (4,143) [1] $ (1,223) $ (6,337) [1]
NET LOSS PER COMMON SHARE:        
Basic net loss from continuing operations per share $ (1.51) $ (10.91) [1] $ (3.14) $ (16.42) [1]
Basic net loss from discontinued operations per share (0.09) (0.04) [1] (0.08) (0.36) [1]
Basic net loss per share (1.60) (10.95) [1] (3.22) (16.78) [1]
DILUTED NET LOSS PER COMMON SHARE:        
Diluted net loss from continuing operations per share (1.51) (10.91) [1] (3.14) (16.42) [1]
Diluted net loss from discontinued operations per share (0.09) (0.04) [1] (0.08) (0.36) [1]
Diluted net loss per share $ (1.60) $ (10.95) [1] $ (3.22) $ (16.78) [1]
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 380 378 [1] 379 378 [1]
Diluted (in shares) 380 378 [1] 379 378 [1]
DIVIDENDS DECLARED PER COMMON SHARE $ 0.25 $ 0.25 $ 0.75 $ 0.75
Oil and gas property and equipment [Member]        
Depreciation, depletion, and amortization:        
Depreciation, depletion and amortization $ 610 $ 793 [1] $ 1,875 $ 2,247 [1]
Other assets [Member]        
Depreciation, depletion, and amortization:        
Depreciation, depletion and amortization 38 79 [1] 120 245 [1]
Oil [Member]        
Oil and gas production revenues        
Oil and Gas Production Revenues 1,117 1,238 [1] 3,057 4,149 [1]
Gas [Member]        
Oil and gas production revenues        
Oil and Gas Production Revenues 263 318 [1] 695 941 [1]
Natural gas liquids [Member]        
Oil and gas production revenues        
Oil and Gas Production Revenues $ 59 $ 50 [1] $ 160 $ 166 [1]
[1] Financial information for 2015 has been recast to reflect retrospective application of the successful efforts method of accounting. See Note 1.
[2] Financial information for 2015 has been recast to reflect retrospective application of the successful efforts method of accounting. See Note 1.