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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues and Other    
Oil and condensate sales $ 850 $ 1,419
Natural-gas sales 366 641
Natural-gas liquids sales 178 232
Gathering, processing, and marketing sales 240 293
Gains (losses) on divestitures and other, net 40 (264)
Total 1,674 2,321
Costs and Expenses    
Oil and gas operating 208 296
Oil and gas transportation 242 305
Exploration 126 1,083
Gathering, processing, and marketing 215 254
General and administrative 449 307
Depreciation, depletion, and amortization 1,149 1,256
Other taxes 117 182
Impairments 16 2,783
Other operating expense 16 63
Total 2,538 6,529
Operating Income (Loss) (864) (4,208)
Other (Income) Expense    
Interest expense 220 216
(Gains) losses on derivatives, net 299 152
Other (income) expense, net 0 47
Total 517 420
Income (Loss) Before Income Taxes (1,381) (4,628)
Income tax expense (benefit) (383) (1,392)
Net Income (Loss) (998) (3,236)
Net income (loss) attributable to noncontrolling interests 36 32
Net Income (Loss) Attributable to Common Stockholders $ (1,034) $ (3,268)
Per Common Share    
Net income (loss) attributable to common stockholders—basic $ (2.03) $ (6.45)
Net income (loss) attributable to common stockholders—diluted $ (2.03) $ (6.45)
Average Number of Common Shares Outstanding—Basic 509 507
Average Number of Common Shares Outstanding—Diluted 509 507
Dividends (per common share) $ 0.05 $ 0.27
Commodity Contract and Interest Rate Swap [Member]    
Other (Income) Expense    
(Gains) losses on derivatives, net $ 297 $ 152
Tronox Litigation [Member] | Judicial Ruling [Member]    
Other (Income) Expense    
Tronox-related contingent loss $ 0 $ 5