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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUES AND OTHER INCOME      
Net sales $ 10,090 $ 12,480 $ 19,312
Interest, dividends and other income 106 118 130
Gain on sale of equity investments and other assets 202 101 2,505
TOTAL REVENUES AND OTHER INCOME 10,398 12,699 21,947
COSTS AND OTHER DEDUCTIONS      
Cost of sales (excludes depreciation, depletion, and amortization of $4,266 in 2016, $4,540 in 2015, and $4,257 in 2014) 5,189 5,804 6,803
Selling, general and administrative and other operating expenses 1,330 1,270 1,503
Depreciation, depletion and amortization 4,268 4,544 4,261
Asset impairments and related items 825 10,239 7,379
Taxes other than on income 277 343 550
Exploration expense 62 36 150
Interest and debt expense, net 292 147 77
TOTAL COSTS AND OTHER DEDUCTIONS 12,243 22,383 20,723
INCOME (LOSS) BEFORE INCOME TAXES AND OTHER ITEMS (1,845) (9,684) 1,224
(Provision for) benefit from domestic and foreign income taxes 662 1,330 (1,685)
Income from equity investments 181 208 331
INCOME (LOSS) FROM CONTINUING OPERATIONS (1,002) (8,146) (130)
Income from discontinued operations 428 317 760
NET INCOME (LOSS) (574) (7,829) 630
Less: Net income attributable to noncontrolling interest     (14)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ (574) $ (7,829) $ 616
BASIC EARNINGS (LOSS) PER COMMON SHARE (attributable to common stock)      
Income (loss)from continuing operations (in dollars per share) $ (1.31) $ (10.64) $ (0.18)
Discontinued operations, net (in dollars per share) 0.56 0.41 0.97
BASIC EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) (0.75) (10.23) 0.79
DILUTED EARNINGS (LOSS) PER COMMON SHARE (attributable to common stock)      
Income (loss) from continuing operations (in dollars per share) (1.31) (10.64) (0.18)
Discontinued operations, net (in dollars per share) 0.56 0.41 0.97
DILUTED EARNINGS (LOSS) PER COMMON SHARE (in dollars per share) (0.75) (10.23) 0.79
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 3.02 $ 2.97 $ 2.88