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Change in Accounting Principle (Tables)
 9 Months Ended
Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]  
Schedule of Changes in Accounting Principles
The following tables present the effects of the change to the successful efforts method in the statement of consolidated operations:
 
Changes to the Statement of Consolidated Operations
For the Quarter Ended September 30, 2016
Under Full Cost
 
Changes
 
As Reported Under Successful Efforts
 
(In millions, except per share data)
Oil revenues
$
1,058

 
$
59

 
$
1,117

Natural gas revenues
273

 
(10
)
 
263

NGL revenues
59

 
—

 
59

Oil and gas production revenues
1,390

 
49

 
1,439

Other
(5
)
 
(1
)
 
(6
)
Gain on divestiture
2

 
3

 
5

Exploration
—

 
161

 
161

Depreciation, depletion, and amortization:
 
 
 
 
 
Oil and Gas Property and Equipment
 
 
 
 
 
Recurring
473

 
137

 
610

Additional
328

 
(328
)
 
—

Impairments
481

 
355

 
836

Financing costs, net
92

 
10

 
102

Current income tax provision
101

 
49

 
150

Deferred income tax provision (benefit)
(407
)
 
(122
)
 
(529
)
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST
(315
)
 
(211
)
 
(526
)
   Net income (loss) attributable to noncontrolling interest
37

 
11

 
48

NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(352
)
 
(222
)
 
(574
)
   Net income (loss) from discontinued operations
(33
)
 
—

 
(33
)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(385
)
 
(222
)
 
(607
)
 
 
 
 
 
 
Per common share
 
 
 
 
 
Basic net loss from continuing operations per share
$
(0.96
)
 
$
(0.55
)
 
$
(1.51
)
Basic net loss from discontinued operations per share
(0.06
)
 
—

 
(0.09
)
Basic net loss per share
$
(1.02
)
 
$
(0.55
)
 
$
(1.60
)
 
 
 
 
 
 
Diluted net loss from continuing operations per share
$
(0.96
)
 
$
(0.55
)
 
$
(1.51
)
Diluted net loss from discontinued operations per share
(0.06
)
 
—

 
(0.09
)
Diluted net loss per share
$
(1.02
)
 
$
(0.55
)
 
$
(1.60
)
 
Changes to the Statement of Consolidated Operations
For the Quarter Ended September 30, 2015
Under Full Cost
 
Changes*
 
As Reported Under Successful Efforts
 
(In millions, except per share data)
Oil revenues
$
1,213

 
$
25

 
$
1,238

Natural gas revenues
309

 
9

 
318

NGL revenues
50

 
—

 
50

Oil and gas production revenues
1,572

 
34

 
1,606

Other
(76
)
 
1

 
(75
)
Loss on divestiture
—

 
(5
)
 
(5
)
Exploration
—

 
223

 
223

General and administrative
86

 
3

 
89

Depreciation, depletion, and amortization:
 
 
 
 
 
Oil and Gas Property and Equipment
 
 
 
 
 
Recurring
829

 
(36
)
 
793

Additional
5,721

 
(5,721
)
 
—

Impairments
367

 
3,536

 
3,903

Financing costs, net
107

 
53

 
160

Current income tax benefit
(84
)
 
(186
)
 
(270
)
Deferred income tax provision (benefit)
(707
)
 
726

 
19

NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST
(5,551
)
 
1,432

 
(4,119
)
   Net income attributable to noncontrolling interest
9

 
(2
)
 
7

NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(5,560
)
 
1,434

 
(4,126
)
   Net loss from discontinued operations
(95
)
 
78

 
(17
)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(5,655
)
 
1,512

 
(4,143
)
 
 
 
 
 
 
Per common share
 
 
 
 
 
Basic net loss from continuing operations per share
$
(14.70
)
 
$
3.79

 
$
(10.91
)
Basic net loss from discontinued operations per share
(0.25
)
 
0.21

 
(0.04
)
Basic net loss per share
$
(14.95
)
 
$
4.00

 
$
(10.95
)
 
 
 
 
 
 
Diluted net loss from continuing operations per share
$
(14.70
)
 
$
3.79

 
$
(10.91
)
Diluted net loss from discontinued operations per share
(0.25
)
 
0.21

 
(0.04
)
Diluted net loss per share
$
(14.95
)
 
$
4.00

 
$
(10.95
)
 
Changes to the Statement of Consolidated Operations
For the Nine Months Ended September 30, 2016
Under Full Cost
 
Changes*
 
As Reported Under Successful Efforts
 
(In millions, except per share data)
Oil revenues
$
2,915

 
$
142

 
$
3,057

Natural gas revenues
715

 
(20
)
 
695

NGL revenues
160

 
—

 
160

Oil and gas production revenues
3,790

 
122

 
3,912

Other
(33
)
 
3

 
(30
)
Gain on divestiture
5

 
16

 
21

Exploration
—

 
347

 
347

Depreciation, depletion, and amortization:
 
 
 
 
 
Oil and Gas Property and Equipment
 
 
 
 
 
Recurring
1,532

 
343

 
1,875

Additional
1,486

 
(1,486
)
 
—

Impairments
587

 
422

 
1,009

Financing costs, net
272

 
39

 
311

Current income tax provision
162

 
122

 
284

Deferred income tax provision (benefit)
(708
)
 
(47
)
 
(755
)
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST
(1,498
)
 
401

 
(1,097
)
   Net income (loss) attributable to noncontrolling interest
(56
)
 
149

 
93

NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(1,442
)
 
252

 
(1,190
)
   Net income (loss) from discontinued operations
(33
)
 
—

 
(33
)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(1,475
)
 
252

 
(1,223
)
 
 
 
 
 
 
Per common share
 
 
 
 
 
Basic net loss from continuing operations per share
$
(3.83
)
 
$
0.69

 
$
(3.14
)
Basic net loss from discontinued operations per share
(0.06
)
 
—

 
(0.08
)
Basic net loss per share
$
(3.89
)
 
$
0.69

 
$
(3.22
)
 
 
 
 
 
 
Diluted net loss from continuing operations per share
$
(3.83
)
 
$
0.69

 
$
(3.14
)
Diluted net loss from discontinued operations per share
(0.06
)
 
—

 
(0.08
)
Diluted net loss per share
$
(3.89
)
 
$
0.69

 
$
(3.22
)
 
Changes to the Statement of Consolidated Operations
For the Nine Months Ended September 30, 2015
Under Full Cost
 
Changes*
 
As Reported Under Successful Efforts
 
(In millions, except per share data)
Oil revenues
$
4,092

 
$
57

 
$
4,149

Natural gas revenues
904

 
37

 
941

NGL revenues
166

 
—

 
166

Oil and gas production revenues
5,162

 
94

 
5,256

Other
(59
)
 
6

 
(53
)
Gain on divestiture
—

 
204

 
204

Exploration
—

 
706

 
706

General and administrative
279

 
5

 
284

Depreciation, depletion, and amortization:
 
 
 
 
 
Oil and Gas Property and Equipment
 
 
 
 
 
Recurring
2,751

 
(504
)
 
2,247

Additional
18,757

 
(18,757
)
 
—

Impairments
367

 
5,960

 
6,327

Financing costs, net
240

 
161

 
401

Current income tax provision
496

 
82

 
578

Deferred income tax provision (benefit)
(5,167
)
 
3,868

 
(1,299
)
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST
(14,887
)
 
8,783

 
(6,104
)
   Net income attributable to noncontrolling interest
60

 
38

 
98

NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(14,947
)
 
8,745

 
(6,202
)
   Net loss from discontinued operations
(959
)
 
824

 
(135
)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
(15,906
)
 
9,569

 
(6,337
)
 
 
 
 
 
 
Per common share
 
 
 
 
 
Basic net loss from continuing operations per share
$
(39.58
)
 
$
23.16

 
$
(16.42
)
Basic net loss from discontinued operations per share
(2.54
)
 
2.18

 
(0.36
)
Basic net loss per share
$
(42.12
)
 
$
25.34

 
$
(16.78
)
 
 
 
 
 
 
Diluted net loss from continuing operations per share
$
(39.58
)
 
$
23.16

 
$
(16.42
)
Diluted net loss from discontinued operations per share
(2.54
)
 
2.18

 
(0.36
)
Diluted net loss per share
$
(42.12
)
 
$
25.34

 
$
(16.78
)


The following tables present the effects of the change to the successful efforts method in the statement of consolidated cash flows:
 
Changes to the Statement of Consolidated Cash Flows
For the Nine Months Ended September 30, 2016
Under Full Cost
 
Changes*
 
As Reported Under Successful Efforts
 
(In millions)
Net loss including noncontrolling interest
$
(1,531
)
 
$
401

 
$
(1,130
)
Gain on divestitures, net
(5
)
 
(16
)
 
(21
)
Exploratory dry hole expense and unproved leasehold impairments
—

 
260

 
260

Depreciation, depletion, and amortization
3,138

 
(1,143
)
 
1,995

Impairments
587

 
422

 
1,009

Provision for (benefit from) deferred income taxes
(708
)
 
(47
)
 
(755
)
Changes in operating assets and liabilities
3

 
(2
)
 
1

Net cash provided by operating activities
1,759

 
(125
)
 
1,634

Additions to oil and gas property
(1,406
)
 
125

 
(1,281
)
Net cash used in investing activities
(1,487
)
 
125

 
(1,362
)
NET INCREASE (DECREASE) IN CASH
(237
)
 
—

 
(237
)
BEGINNING CASH BALANCE
1,467

 
—

 
1,467

ENDING CASH BALANCE
1,230

 
—

 
1,230

 
Changes to the Statement of Consolidated Cash Flows
For the Nine Months Ended September 30, 2015
Under Full Cost
 
Changes*
 
As Reported Under Successful Efforts
 
(In millions)
Net loss including noncontrolling interest
$
(15,846
)
 
$
9,607

 
$
(6,239
)
Loss from discontinued operations
959

 
(824
)
 
135

Gain on divestitures, net
—

 
(204
)
 
(204
)
Exploratory dry hole expense and unproved leasehold impairments
—

 
584

 
584

Depreciation, depletion, and amortization
21,753

 
(19,261
)
 
2,492

Impairments
367

 
5,960

 
6,327

Provision for (benefit from) deferred income taxes
(5,167
)
 
3,868

 
(1,299
)
Changes in operating assets and liabilities
317

 
78

 
395

Net cash provided by operating activities - continuing operations
2,572

 
(192
)
 
2,380

Net cash provided by operating activities - discontinued operations
150

 
(37
)
 
113

Additions to oil and gas property
(3,844
)
 
282

 
(3,562
)
Net cash used in investing activities - continuing operations
(3,308
)
 
282

 
(3,026
)
Net cash provided by investing activities - discontinued operations
4,335

 
37

 
4,372

NET INCREASE (DECREASE) IN CASH
886

 
90

 
976

BEGINNING CASH BALANCE
769

 
(90
)
 
679

ENDING CASH BALANCE
1,655

 
—

 
1,655

The following tables present the effects of the change to the successful efforts method in the consolidated balance sheet:
 
Changes to the Consolidated Balance Sheet
September 30, 2016
Under Full Cost
 
Changes
 
As Reported Under Successful Efforts
 
(In millions)
PROPERTY AND EQUIPMENT:
 
 
 
 
 
Property and equipment - cost
$
95,107

 
$
(48,467
)
 
$
46,640

Less: Accumulated depreciation, depletion, and amortization
(82,717
)
 
55,539

 
(27,178
)
PROPERTY AND EQUIPMENT, NET
12,390

 
7,072

 
19,462

TOTAL ASSETS
16,077

 
7,072

 
23,149

Deferred income taxes
364

 
1,419

 
1,783

Paid-in capital
12,279

 
142

 
12,421

Accumulated deficit
(8,628
)
 
5,425

 
(3,203
)
Accumulated other comprehensive loss
(116
)
 
(3
)
 
(119
)
Noncontrolling interest
1,391

 
89

 
1,480

TOTAL EQUITY
2,296

 
5,653

 
7,949

 
Changes to the Consolidated Balance Sheet
December 31, 2015
Under Full Cost
 
Changes*
 
As Reported Under Successful Efforts
 
(In millions)
PROPERTY AND EQUIPMENT:
 
 
 
 
 
Property and equipment - cost
$
93,825

 
$
(47,675
)
 
$
46,150

Less: Accumulated depreciation, depletion, and amortization
(79,706
)
 
54,394

 
(25,312
)
PROPERTY AND EQUIPMENT, NET
14,119

 
6,719

 
20,838

TOTAL ASSETS
18,781

 
6,719

 
25,500

Deferred income taxes
1,072

 
1,457

 
2,529

Paid-in capital
12,467

 
152

 
12,619

Accumulated deficit (1)
(7,153
)
 
5,173

 
(1,980
)
Accumulated other comprehensive loss
(116
)
 
(3
)
 
(119
)
Noncontrolling interest
1,662

 
(60
)
 
1,602

TOTAL EQUITY
4,228

 
5,262

 
9,490

*In conjunction with recasting the financial information for the adoption of the successful efforts method of accounting, we corrected certain immaterial errors
in the North Sea pertaining to the improper calculation of deferred tax liabilities associated with capitalized interest under the full cost method.
(1) The cumulative effect of the change to the successful efforts method on retained earnings (accumulated deficit) as of January 1, 2015 was a decrease of $7.6 billion.