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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Oil, NGL and Gas Sales $ 994 $ 705
Income from Equity Method Investees 42 19
Total 1,036 724
Costs and Expenses    
Production Expense 303 276
Exploration Expense 42 163
Depreciation, Depletion and Amortization 528 617
General and Administrative 99 91
Other Operating Expense, Net 29 (1)
Total 1,001 1,146
Operating Income (Loss) 35 (422)
Other Expense (Income)    
Gain on Commodity Derivative Instruments (110) (44)
Interest, Net of Amount Capitalized 87 79
Other Non-Operating Income, Net (1) (4)
Total (24) 31
Income (Loss) Before Income Taxes 59 (453)
Income Tax Provision (Benefit) 12 (166)
Net Income (Loss) and Comprehensive Income (Loss) Including Noncontrolling Interests 47 (287)
Less: Net Income and Comprehensive Income (Loss) Attributable to Noncontrolling Interests 11 0
Net Income (Loss) and Comprehensive Income (Loss) Including Noncontrolling Interests $ 36 $ (287)
Loss per share, basic (in dollars per share) $ 0.08 $ (0.67)
Loss per share, diluted (in dollars per share) $ 0.08 $ (0.67)
Weighted Average Number of Shares Outstanding    
Basic (in shares) [1] 431 429
Diluted (in shares) [2] 434 429
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[2] For first quarter 2016, all outstanding options and non-vested restricted shares have been excluded from the calculation of diluted loss per share as the Company incurred a net loss. Therefore, inclusion of outstanding options and non-vested restricted shares in the calculation of diluted loss per share would be anti-dilut