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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Oil, Gas and NGL Sales $ 765 $ 1,228 $ 2,227 $ 3,893
Income from Equity Method Investees 36 41 60 138
Total 801 1,269 2,287 4,031
Costs and Expenses        
Production Expense 235 216 693 689
Exploration Expense 203 217 308 350
Depreciation, Depletion and Amortization 539 460 1,444 1,297
General and Administrative 109 132 308 399
Asset Impairments 0 33 43 164
Other Operating (Income) Expense, Net 182 (19) 252 (31)
Total 1,268 1,039 3,048 2,868
Operating Income (Loss) (467) 230 (761) 1,163
Other (Income) Expense        
Gain on Commodity Derivative Instruments (267) (385) (331) (74)
Interest, Net of Amount Capitalized 71 52 183 151
Other Non-Operating (Income) Expense, Net (12) (13) (20) 1
Total (208) (346) (168) 78
Income (Loss) Before Income Taxes (259) 576 (593) 1,085
Income Tax (Benefit) Provision 24 157 (180) 274
Net Income (Loss) $ (283) $ 419 $ (413) $ 811
Earnings Per Share, Basic [Abstract]        
Net Income (in dollars per share) $ (0.67) $ 1.16 $ (1.05) $ 2.25
Earnings Per Share, Diluted [Abstract]        
Net Income (in dollars per share) $ (0.67) $ 1.12 $ (1.05) $ 2.21
Weighted Average Number of Shares Outstanding [Abstract]        
Weighted Average Number of Shares Outstanding, Basic (in shares) [1] 420 362 392 361
Weighted Average Number of Shares Outstanding, Diluted (in shares) 420 367 392 367
[1] The weighted average number of shares outstanding includes the weighted average shares of common stock issued in connection with the underwritten public offering of 24.15 million shares of Noble Energy common stock in first quarter 2015 and issued in connection with the exchange of approximately 41 million shares for all outstanding shares of Rosetta common stock on July 20, 2015.