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 and Statement of Consolidated Comprehensive Income (Loss)
For the Year Ended December 31, 2016	Under Full Cost			Changes*			As Reported Under Successful Efforts
	(In millions, except per share data)
Oil revenues	$	3,983		$	189		$	4,172
Natural gas revenues	997			(30		)	967
NGL revenues	228			—			228
Oil and gas production revenues	5,208			159			5,367
Other	(38		)	4			(34		)
Gain on divestiture	17			4			21
Exploration	—			473			473
Depreciation, depletion, and amortization:
Oil and gas property and equipment
Recurring	1,974			486			2,460
Additional	1,438			(1,438		)	—
Impairments	677			426			1,103
Financing costs, net	365			52			417
Current income tax provision	232			159			391
Deferred income tax benefit	(721		)	(112		)	(833		)
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST	(1,361		)	121			(1,240		)
Net income (loss) attributable to noncontrolling interest	(26		)	158			132
NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(1,335		)	(37		)	(1,372		)
Net loss from discontinued operations, net of tax	(33		)	—			(33		)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(1,368		)	(37		)	(1,405		)

Per Common Share
Basic and diluted net loss from continuing operations per share	$	(3.52	)	$	(0.10	)	$	(3.62	)
Basic and diluted net loss from discontinued operations per share	(0.09		)	—			(0.09		)
Basic and diluted net loss per share	$	(3.61	)	$	(0.10	)	$	(3.71	)

Other Comprehensive Income
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCK	(1,361		)	(37		)	(1,398		)



	Changes to the Statement of Consolidated Operations and Statement of Consolidated Comprehensive Income (Loss)
For the Year Ended December 31, 2015	Under Full Cost			Changes*			As Reported Under Successful Efforts
	(In millions, except per share data)
Oil revenues	$	4,999		$	108		$	5,107
Natural gas revenues	1,157			19			1,176
NGL revenues	227			—			227
Oil and gas production revenues	6,383			127			6,510
Other	(76		)	174			98
Gain on divestiture	59			222			281
Exploration	—			2,771			2,771
General and administrative	377			3			380
Depreciation, depletion, and amortization:
Oil and gas property and equipment
Recurring	3,531			(555		)	2,976
Additional	25,517			(25,517		)	—
Impairments	1,920			7,552			9,472
Financing costs, net	299			212			511
Current income tax provision	309			126			435
Deferred income tax benefit	(5,778		)	4,333			(1,445		)
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST	(22,757		)	11,598			(11,159		)
Net loss attributable to noncontrolling interest	(409		)	94			(315		)
NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(22,348		)	11,504			(10,844		)
Net income (loss) from discontinued operations, net of tax	(771		)	1,263			492
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(23,119		)	12,767			(10,352		)

Per Common Share
Basic and diluted net loss from continuing operations per share	$	(59.16	)	$	30.46		$	(28.70	)
Basic and diluted net income (loss) from discontinued operations per share	(2.04		)	3.34			1.30
Basic and diluted net loss per share	$	(61.20	)	$	33.80		$	(27.40	)

Other Comprehensive Income
Pension and postretirement benefit plan, net of tax	$	—		$	(3	)	$	(3	)
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCK	(23,119		)	12,764			(10,355		)



	Changes to the Statement of Consolidated Operations and Statement of Consolidated Comprehensive Income (Loss)
For the Year Ended December 31, 2014	Under Full Cost			Changes*			As Reported Under Successful Efforts
	(In millions, except per share data)
Oil revenues	$	10,040		$	70		$	10,110
Natural gas revenues	1,983			34			2,017
NGL revenues	668			—			668
Oil and gas production revenues	12,691			104			12,795
Other	290			(5		)	285
Loss on divestiture	(180		)	(1,428		)	(1,608		)
Exploration	—			2,499			2,499
General and administrative	451			2			453
Depreciation, depletion, and amortization:
Oil and gas property and equipment
Recurring	4,388			(193		)	4,195
Additional	5,001			(5,001		)	—
Impairments	1,919			5,183			7,102
Financing costs, net	211			202			413
Current income tax provision	1,177			104			1,281
Deferred income tax benefit	(514		)	(1,285		)	(1,799		)
NET LOSS FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST	(3,472		)	(2,840		)	(6,312		)
Net income attributable to noncontrolling interest	343			(2		)	341
NET LOSS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(3,815		)	(2,838		)	(6,653		)
Net loss from discontinued operations, net of tax	(1,588		)	(119		)	(1,707		)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	(5,403		)	(2,957		)	(8,360		)

Per Common Share
Basic and diluted net loss from continuing operations per share	$	(9.93	)	$	(7.39	)	$	(17.32	)
Basic and diluted net loss from discontinued operations per share	(4.13		)	(0.31		)	(4.44		)
Basic and diluted net loss per share	$	(14.06	)	$	(7.70	)	$	(21.76	)

Other Comprehensive Income
COMPREHENSIVE LOSS ATTRIBUTABLE TO COMMON STOCK	$	(5,404	)	$	(2,957	)	$	(8,361	)

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 Year Ended December 31, 2016	Under Full Cost			Changes*			As Reported Under Successful Efforts
	(In millions)
Net loss including noncontrolling interest	$	(1,394	)	$	121		$	(1,273	)
Gain on divestitures, net	(17		)	(4		)	(21		)
Exploratory dry hole expense and unproved leasehold impairments	—			353			353
Depreciation, depletion, and amortization	3,570			(952		)	2,618
Impairments	677			426			1,103
Benefit from deferred income taxes	(721		)	(112		)	(833		)
Changes in operating assets and liabilities	138			15			153
Net cash provided by continuing operating activities	2,606			(153		)	2,453
Additions to oil and gas property	(1,776		)	166			(1,610		)
Net cash used in investing activities	(1,826		)	166			(1,660		)
Other	6			(13		)	(7		)
Net cash used in financing activities	(847		)	(13		)	(860		)
NET DECREASE IN CASH	(90		)	—			(90		)
BEGINNING CASH BALANCE	1,467			—			1,467
ENDING CASH BALANCE	1,377			—			1,377



	Changes to the Statement of Consolidated Cash Flows
For the Year Ended December 31, 2015	Under Full Cost			Changes*			As Reported Under Successful Efforts
	(In millions)
Net loss including noncontrolling interest	$	(23,528	)	$	12,861		$	(10,667	)
Loss (income) from discontinued operations	771			(1,263		)	(492		)
Gain on divestitures, net	(59		)	(222		)	(281		)
Exploratory dry hole expense and unproved leasehold impairments	—			2,595			2,595
Depreciation, depletion, and amortization	29,372			(26,072		)	3,300
Impairments	1,920			7,552			9,472
Other noncash items, net	161			(154		)	7
Benefit from deferred income taxes	(5,778		)	4,333			(1,445		)
Changes in operating assets and liabilities	(170		)	90			(80		)
Net cash provided by operating activities - continuing operations	2,834			(280		)	2,554
Net cash provided by operating activities - discontinued operations	150			(37		)	113
Additions to oil and gas property	(4,578		)	370			(4,208		)
Net cash used in investing activities - continuing operations	(3,659		)	370			(3,289		)
Net cash provided by investing activities - discontinued operations	4,335			37			4,372
NET INCREASE IN CASH	698			90			788
BEGINNING CASH BALANCE	769			(90		)	679
ENDING CASH BALANCE	1,467			—			1,467



	Changes to the Statement of Consolidated Cash Flows
For the Year Ended December 31, 2014	Under Full Cost			Changes*			As Reported Under Successful Efforts
	(In millions)
Net loss including noncontrolling interest	$	(5,060	)	$	(2,959	)	$	(8,019	)
Income from discontinued operations	1,588			119			1,707
Loss on divestitures, net	180			1,428			1,608
Exploratory dry hole expense and unproved leasehold impairments	—			2,294			2,294
Depreciation, depletion, and amortization	9,720			(5,194		)	4,526
Impairments	1,919			5,183			7,102
Benefit from deferred income taxes	(514		)	(1,285		)	(1,799		)
Changes in operating assets and liabilities	(239		)	(90		)	(329		)
Net cash provided by operating activities - continuing operations	7,517			(504		)	7,013
Net cash provided by operating activities - discontinued operations	944			—			944
Additions to oil and gas property	(9,022		)	414			(8,608		)
Net cash used in investing activities - continuing operations	(8,585		)	414			(8,171		)
Net cash used in investing activities - discontinued operations	(219		)	—			(219		)
NET DECREASE IN CASH	(1,137		)	(90		)	(1,227		)
BEGINNING CASH BALANCE	1,906			—			1,906
ENDING CASH BALANCE	769			(90		)	679

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
December 31, 2016	Under Full Cost			Changes*			As Reported Under Successful Efforts
	(In millions)
PROPERTY AND EQUIPMENT:
Property and equipment - cost	$	95,371		$	(48,622	)	$	46,749
Less: Accumulated depreciation, depletion, and amortization	(83,230		)	55,348			(27,882		)
PROPERTY AND EQUIPMENT, NET	12,141			6,726			18,867
TOTAL ASSETS	15,793			6,726			22,519
Income taxes	353			1,357			1,710
Paid-in capital	12,225			139			12,364
Accumulated deficit	(8,521		)	5,136			(3,385		)
Accumulated other comprehensive loss	(109		)	(3		)	(112		)
Noncontrolling interest	1,344			97			1,441
TOTAL EQUITY	2,310			5,369			7,679



	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
Income taxes	1,072			1,457			2,529
Paid-in capital	12,467			152			12,619
Accumulated deficit	(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, the Company 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.