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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES AND OTHER:    
Oil and gas production revenues $ 1,728 $ 1,512
Gain on divestitures 7 341
Other 7 25
Total revenues and other 1,742 1,878
OPERATING EXPENSES:    
Lease operating expenses 349 336
Gathering, transmission, and processing 81 57
Taxes other than income 55 42
Exploration 76 92
General and administrative 114 103
Transaction, reorganization, and separation 0 (10)
Depreciation, depletion and amortization 553 576
Asset retirement obligation accretion 27 36
Impairments 0 8
Financing costs, net 99 100
Total operating expenses 1,354 1,340
NET INCOME BEFORE INCOME TAXES 388 538
Current income tax provision 198 188
Deferred income tax provision (benefit) (16) 83
NET INCOME INCLUDING NONCONTROLLING INTEREST 206 267
Net income attributable to noncontrolling interest 61 54
NET INCOME ATTRIBUTABLE TO COMMON STOCK $ 145 $ 213
NET INCOME PER COMMON SHARE:    
Basic (in USD per share) $ 0.38 $ 0.56
Diluted (in USD per share) $ 0.38 $ 0.56
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in shares) 382 380
Diluted (in shares) 384 383
DIVIDENDS DECLARED PER COMMON SHARE (in USD per share) $ 0.25 $ 0.25
Oil and gas property and equipment    
OPERATING EXPENSES:    
Depreciation, depletion and amortization $ 518 $ 538
Other assets    
OPERATING EXPENSES:    
Depreciation, depletion and amortization 35 38
Oil    
REVENUES AND OTHER:    
Oil and gas production revenues 1,392 1,172
Natural Gas    
REVENUES AND OTHER:    
Oil and gas production revenues 218 255
Natural gas liquids    
REVENUES AND OTHER:    
Oil and gas production revenues $ 118 $ 85