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STATEMENT OF CONSOLIDATED OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUES AND OTHER:      
Oil and gas production revenues $ 7,348 $ 5,887 $ 5,367
Derivative instrument losses, net (17) (135) 0
Gain on divestitures 23 627 21
Other 70 44 (34)
Revenues 7,424 6,423 5,354
OPERATING EXPENSES:      
Lease operating expenses 1,439 1,384 1,494
Gathering, transmission, and processing 348 195 200
Taxes other than income 215 151 126
Exploration 503 549 473
General and administrative 431 395 410
Transaction, reorganization, and separation 28 16 39
Depreciation, depletion, and amortization 2,405 2,280 2,618
Asset retirement obligation accretion 108 130 156
Impairments 511 8 1,103
Financing costs, net 478 397 417
Total operating expenses 6,466 5,505 7,036
NET INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 958 918 (1,682)
Current income tax provision 894 595 391
Deferred income tax benefit (222) (1,180) (833)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST 286 1,503 (1,240)
Net loss from discontinued operations, net of tax 0 0 (33)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST 286 1,503 (1,273)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK 40 1,304 (1,405)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS:      
Net income (loss) from continuing operations attributable to common shareholders 40 1,304 (1,372)
Net loss from discontinued operations 0 0 (33)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ 40 $ 1,304 $ (1,405)
NET INCOME (LOSS) PER COMMON SHARE:      
Basic net income (loss) from continuing operations per share (in USD per share) $ 0.11 $ 3.42 $ (3.62)
Basic net loss from discontinued operations per share (in USD per share) 0.00 0.00 (0.09)
Basic net income (loss) per share (in USD per share) 0.11 3.42 (3.71)
DILUTED NET INCOME (LOSS) PER COMMON SHARE:      
Diluted net income (loss) from continuing operations per share (in USD per share) 0.11 3.41 (3.62)
Diluted net loss from discontinued operations per share (in USD per share) 0.00 0.00 (0.09)
Diluted net income (loss) per share (in USD per share) $ 0.11 $ 3.41 $ (3.71)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic (in shares) 382 381 379
Diluted (in shares) 384 383 379
DIVIDENDS DECLARED PER COMMON SHARE (in USD per share) $ 1.00 $ 1.00 $ 1.00
Oil      
REVENUES AND OTHER:      
Oil and gas production revenues $ 5,846 $ 4,598 $ 4,172
Natural Gas      
REVENUES AND OTHER:      
Oil and gas production revenues 919 959 967
Natural Gas Liquids      
REVENUES AND OTHER:      
Oil and gas production revenues 583 330 228
Noncontrolling Interest, Egypt      
OPERATING EXPENSES:      
Net income attributable to noncontrolling interest 245 199 132
Noncontrolling Interest, Altus      
OPERATING EXPENSES:      
Net income attributable to noncontrolling interest $ 1 $ 0 $ 0