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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES AND OTHER:        
Derivative instrument gains (losses), net $ 16 $ (2) $ (262) $ (40)
Gain (loss) on divestitures, net (1) 0 24 20
Other, net 9 34 41 33
Total revenues and other 1,144 1,500 3,019 4,775
OPERATING EXPENSES:        
Lease operating expenses 259 350 858 1,104
Taxes other than income 34 44 90 141
Exploration 58 56 187 220
General and administrative 52 98 214 323
Transaction, reorganization, and separation 7 7 44 17
Depreciation, depletion, and amortization 398 711 1,382 1,959
Accretion expense 27 27 81 80
Impairments 0 9 4,492 249
Financing costs, net 99 95 168 365
Total operating expenses 1,072 1,486 7,929 4,748
NET INCOME (LOSS) BEFORE INCOME TAXES 72 14 (4,910) 27
Current income tax provision 58 141 120 514
Deferred income tax benefit (27) (10) (71) (52)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTERESTS 41 (117) (4,959) (435)
NET LOSS ATTRIBUTABLE TO COMMON STOCK $ (4) $ (170) $ (4,870) $ (577)
NET LOSS PER COMMON SHARE:        
Basic (in USD per share) $ (0.01) $ (0.45) $ (12.89) $ (1.53)
Diluted (in USD per share) $ (0.02) $ (0.45) $ (12.89) $ (1.53)
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 378 377 378 377
Diluted (in shares) 378 377 378 377
Altus Preferred Unit limited partners        
OPERATING EXPENSES:        
Net income (loss) attributable to noncontrolling interest $ 19 $ 18 $ 56 $ 22
Noncontrolling interests, Egypt        
OPERATING EXPENSES:        
Net income (loss) attributable to noncontrolling interest 24 38 (138) 125
Noncontrolling interests, Altus        
OPERATING EXPENSES:        
Net income (loss) attributable to noncontrolling interest 2 (3) (7) (5)
Oil and gas        
REVENUES AND OTHER:        
Oil and gas production revenues 1,120 1,468 3,216 4,762
Oil and gas, excluding purchased        
REVENUES AND OTHER:        
Oil and gas production revenues 1,046 1,438 2,979 4,690
OPERATING EXPENSES:        
Cost of oil and gas purchased 63 66 206 230
Oil and gas, purchased        
REVENUES AND OTHER:        
Oil and gas production revenues 74 30 237 72
OPERATING EXPENSES:        
Cost of oil and gas purchased $ 75 $ 23 $ 207 $ 60