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STATEMENT OF CONSOLIDATED OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Oil and gas production revenues:      
Oil and gas production revenues $ 5,887 $ 5,367 $ 6,510
Derivative instrument gains (losses), net (135) 0 0
Other 44 (34) 98
Gain on divestiture 627 21 281
Total revenues and other 6,423 5,354 6,889
OPERATING EXPENSES:      
Lease operating expenses 1,400 1,494 1,854
Gathering and transportation 179 200 211
Taxes other than income 151 126 282
Exploration 549 473 2,771
General and administrative 395 410 380
Transaction, reorganization, and separation 16 39 132
Oil and gas property and equipment      
Depreciation, depletion, and amortization 2,280 2,618 3,300
Asset retirement obligation accretion 130 156 145
Impairments 8 1,103 9,472
Financing costs, net 397 417 511
Total operating expenses 5,505 7,036 19,058
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 918 (1,682) (12,169)
Current income tax provision 595 391 435
Deferred income tax benefit (1,180) (833) (1,445)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST 1,503 (1,240) (11,159)
Net income (loss) from discontinued operations, net of tax 0 (33) 492
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST 1,503 (1,273) (10,667)
Net income (loss) attributable to noncontrolling interest 199 132 (315)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK 1,304 (1,405) (10,352)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS:      
Net income (loss) from continuing operations attributable to common shareholders 1,304 (1,372) (10,844)
Net income (loss) from discontinued operations 0 (33) 492
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ 1,304 $ (1,405) $ (10,352)
NET INCOME (LOSS) PER COMMON SHARE:      
Basic net income (loss) from continuing operations per share (in USD per share) $ 3.42 $ (3.62) $ (28.70)
Basic net income (loss) from discontinued operations per share (in USD per share) 0.00 (0.09) 1.30
Basic net income (loss) per share (in USD per share) 3.42 (3.71) (27.40)
DILUTED NET INCOME (LOSS) PER COMMON SHARE:      
Diluted net income (loss) from continuing operations per share (in USD per share) 3.41 (3.62) (28.70)
Diluted net income (loss) from discontinued operations per share (in USD per share) 0.00 (0.09) 1.30
Diluted net income (loss) per share (in USD per share) $ 3.41 $ (3.71) $ (27.40)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic (in shares) 381 379 378
Diluted (in shares) 383 379 378
DIVIDENDS DECLARED PER COMMON SHARE (in USD per share) $ 1.00 $ 1.00 $ 1.00
Oil and gas property and equipment      
Oil and gas property and equipment      
Depreciation, depletion, and amortization $ 2,136 $ 2,460 $ 2,976
Other assets      
Oil and gas property and equipment      
Depreciation, depletion, and amortization 144 158 324
Oil      
Oil and gas production revenues:      
Oil and gas production revenues 4,598 4,172 5,107
Natural Gas      
Oil and gas production revenues:      
Oil and gas production revenues 959 967 1,176
Natural Gas Liquids      
Oil and gas production revenues:      
Oil and gas production revenues $ 330 $ 228 $ 227