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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES AND OTHER INCOME      
Net sales $ 20,393 $ 17,824 $ 12,508
Interest, dividends and other income 217 136 99
Gains on sale of equity investments and other assets, net 622 974 667
Total 21,232 18,934 13,274
COSTS AND OTHER DEDUCTIONS      
Oil and gas operating expense 3,246 2,761 2,427
Transportation expense 621 152 175
Chemical and midstream cost of sales 2,791 2,833 2,938
Purchased commodities 1,679 822 54
Selling, general and administrative 882 585 546
Other operating and non-operating expense 1,425 1,028 878
Depreciation, depletion and amortization 5,981 3,977 4,002
Asset impairments and other charges 1,361 561 545
Taxes other than on income 707 439 311
Anadarko acquisition-related costs 1,647 0 0
Exploration expense 246 110 82
Interest and debt expense, net 1,066 389 345
Total 21,652 13,657 12,303
Income (loss) before income taxes and other items (420) 5,277 971
OTHER ITEMS      
Gains on interest rate swaps and warrants, net 233 0 0
Income from equity investments 373 331 357
Total 606 331 357
Income from continuing operations before income taxes 186 5,608 1,328
Income tax expense (693) (1,477) (17)
Income (loss) from continuing operations (507) 4,131 1,311
Loss from discontinued operations, net of tax (15) 0 0
NET INCOME (LOSS) (522) 4,131 1,311
Less: Net income attributable to noncontrolling interest (145) 0 0
Less: Preferred stock dividends (318) 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (985) $ 4,131 $ 1,311
PER COMMON SHARE, BASIC      
Income (loss) from continuing operations—basic (in dollars per share) $ (1.20) $ 5.40 $ 1.71
(Loss) from discontinued operations—basic (in dollars per share) (0.02) 0 0
Net income (loss) attributable to common stockholders—basic (in dollars per share) (1.22) 5.40 1.71
PER COMMON SHARE, DILUTED      
Income (loss) from continuing operations—diluted (in dollars per share) (1.20) 5.39 1.70
(Loss) from discontinued operations—diluted (in dollars per share) (0.02) 0 0
Net income (loss) attributable to common stockholders—diluted (in dollars per share) (1.22) 5.39 1.70
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 3.14 $ 3.10 $ 3.06