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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues and Other        
Oil sales $ 1,567 $ 1,239 $ 4,652 $ 3,214
Natural-gas sales 269 435 1,090 1,121
Natural-gas liquids sales 265 227 768 640
Gathering, processing, and marketing sales 509 350 1,417 895
Gains (losses) on divestitures and other, net (114) (358) 1,052 (388)
Total 2,496 1,893 8,979 5,482
Costs and Expenses        
Oil and gas operating 257 198 748 608
Oil and gas transportation 220 256 698 744
Exploration 751 304 2,371 506
Gathering, processing, and marketing 398 291 1,108 758
General and administrative 280 362 840 1,116
Depreciation, depletion, and amortization 1,083 1,069 3,235 3,202
Production, property, and other taxes 159 148 449 422
Impairments 0 27 383 61
Other operating expense 123 31 157 54
Total 3,271 2,686 9,989 7,471
Operating Income (Loss) (775) (793) (1,010) (1,989)
Other (Income) Expense        
Interest expense 230 220 680 657
Loss on early extinguishment of debt 0 0 2 124
(Gains) losses on derivatives, net 82 24 (33) 634
Other (income) expense, net (21) (31) (43) (86)
Total 291 214 606 1,324
Income (Loss) Before Income Taxes (1,066) (1,007) (1,616) (3,313)
Income tax expense (benefit) (425) (260) (366) (957)
Net Income (Loss) (641) (747) (1,250) (2,356)
Net income (loss) attributable to noncontrolling interests 58 [1] 83 182 [1] 200
Net Income (Loss) Attributable to Common Stockholders $ (699) $ (830) $ (1,432) $ (2,556)
Per Common Share        
Net income (loss) attributable to common stockholders—basic (in usd per share) $ (1.27) $ (1.61) $ (2.60) $ (5.00)
Net income (loss) attributable to common stockholders—diluted (in usd per share) $ (1.27) $ (1.61) $ (2.61) $ (5.00)
Average Number of Common Shares Outstanding—Basic 553 517 552 512
Average Number of Common Shares Outstanding—Diluted 553 517 552 512
Dividends (in usd per share) $ 0.05 $ 0.05 $ 0.15 $ 0.15
Commodity Contract and Interest Rate Swap [Member]        
Other (Income) Expense        
(Gains) losses on derivatives, net $ 82 $ 25 $ (33) $ 629
[1] Presentation has been adjusted to align with the current analysis of segment performance. Net income (loss) attributable to noncontrolling interests, previously reported within the Midstream segment, is now presented within Other and Intersegment Eliminations. Other revenues, previously reported within Other and Intersegment Eliminations, is now presented within the applicable segments.