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Statement of Consolidated Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Oil and gas production revenues    
Oil and Gas Production Revenues $ 1,512 $ 1,087
Other 25 (3)
Gain (loss) on divestitures 341 (1)
Total revenues and other 1,878 1,083
OPERATING EXPENSES:    
Lease operating expenses 336 378
Gathering and transportation 57 52
Taxes other than income 42 11
Exploration 92 95
General and administrative 103 93
Depreciation, depletion, and amortization:    
Depreciation, depletion and amortization 576 678
Asset retirement obligation accretion 36 38
Impairments 8 0
Transaction, reorganization, and separation (10) 15
Financing costs, net 100 105
Total operating expenses 1,340 1,465
NET INCOME (LOSS) BEFORE INCOME TAXES 538 (382)
Current income tax provision (benefit) 188 (10)
Deferred income tax provision (benefit) 83 (1)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST 267 (371)
Net income attributable to noncontrolling interest 54 1
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ 213 $ (372)
NET INCOME (LOSS) PER COMMON SHARE:    
Basic (in USD per share) $ 0.56 $ (0.98)
Diluted (in USD per share) $ 0.56 $ (0.98)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in shares) 380 378
Diluted (in shares) 383 378
DIVIDENDS DECLARED PER COMMON SHARE $ 0.25 $ 0.25
Oil and gas property and equipment [Member]    
Depreciation, depletion, and amortization:    
Depreciation, depletion and amortization $ 538 $ 636
Other assets [Member]    
Depreciation, depletion, and amortization:    
Depreciation, depletion and amortization 38 42
Oil [Member]    
Oil and gas production revenues    
Oil and Gas Production Revenues 1,172 822
Gas [Member]    
Oil and gas production revenues    
Oil and Gas Production Revenues 255 223
Natural gas liquids [Member]    
Oil and gas production revenues    
Oil and Gas Production Revenues $ 85 $ 42