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STATEMENT OF CONSOLIDATED OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES AND OTHER:      
Derivative instrument losses, net $ (223) $ (35) $ (17)
Gain on divestitures, net 32 43 23
Other 64 54 53
Total revenues and other 4,308 6,553 7,764
OPERATING EXPENSES:      
Lease operating expenses 1,127 1,447 1,439
Taxes other than income 123 207 215
Exploration 274 805 503
General and administrative 290 406 431
Transaction, reorganization, and separation 54 50 28
Depreciation, depletion, and amortization 1,772 2,680 2,405
Asset retirement obligation accretion 109 107 108
Impairments 4,501 2,949 511
Financing costs, net 267 462 478
Total operating expenses 9,148 9,561 6,806
NET INCOME (LOSS) BEFORE INCOME TAXES (4,840) (3,008) 958
Current income tax provision 176 660 894
Deferred income tax provision (benefit) (112) 14 (222)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS (4,904) (3,682) 286
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ (4,860) $ (3,553) $ 40
NET INCOME (LOSS) PER COMMON SHARE:      
Basic (in USD per share) $ (12.86) $ (9.43) $ 0.11
Diluted (in USD per share) $ (12.86) $ (9.43) $ 0.11
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic (in shares) 378 377 382
Diluted (in shares) 378 377 384
Noncontrolling Interest, Egypt      
OPERATING EXPENSES:      
Net income (loss) attributable to noncontrolling interest $ (121) $ 167 $ 245
Noncontrolling Interest, Altus      
OPERATING EXPENSES:      
Net income (loss) attributable to noncontrolling interest 1 (334) 1
Oil and gas, excluding purchased      
REVENUES AND OTHER:      
Oil and gas production revenues 4,037 6,315 7,348
OPERATING EXPENSES:      
Cost of goods and services sold 274 306 348
Oil and gas, purchased      
REVENUES AND OTHER:      
Oil and gas production revenues 398 176 357
OPERATING EXPENSES:      
Cost of goods and services sold 357 142 340
Oil and gas      
REVENUES AND OTHER:      
Oil and gas production revenues $ 4,435 $ 6,491 $ 7,705