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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES AND OTHER:    
Oil and gas production revenues $ 1,654 $ 1,733
Derivative instrument gains (losses), net (30) 2
Gain on divestitures 3 7
Other 8 5
Total revenues and other 1,635 1,747
OPERATING EXPENSES:    
Lease operating expenses 365 349
Gathering, processing, and transmission 88 86
Taxes other than income 51 55
Exploration 69 76
General and administrative 123 114
Transaction, reorganization, and separation 4 0
Depreciation, depletion, and amortization 646 553
Asset retirement obligation accretion 27 27
Financing costs, net 97 99
Total operating expenses 1,470 1,359
NET INCOME BEFORE INCOME TAXES 165 388
Current income tax provision 186 198
Deferred income tax benefit (19) (16)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST (2) 206
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ (47) $ 145
NET INCOME (LOSS) PER COMMON SHARE:    
Basic (in USD per share) $ (0.12) $ 0.38
Diluted (in USD per share) $ (0.12) $ 0.38
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in shares) 376 382
Diluted (in shares) 376 384
DIVIDENDS DECLARED PER COMMON SHARE (in USD per share) $ 0.25 $ 0.25
Oil    
REVENUES AND OTHER:    
Oil and gas production revenues $ 1,310 $ 1,393
Natural Gas    
REVENUES AND OTHER:    
Oil and gas production revenues 236 222
Natural gas liquids    
REVENUES AND OTHER:    
Oil and gas production revenues 108 118
Noncontrolling interest, Egypt    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest 44 61
Noncontrolling interest, Altus    
OPERATING EXPENSES:    
Net income attributable to noncontrolling interest $ 1 $ 0