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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES AND OTHER INCOME      
Net sales $ 17,809 $ 20,911 $ 17,824
Interest, dividends and other income 118 217 136
Gains (losses) on sale of assets, net (1,666) 622 974
Total 16,261 21,750 18,934
COSTS AND OTHER DEDUCTIONS      
Oil and gas operating expense 3,065 3,282 2,761
Transportation and gathering expense 1,600 635 152
Chemical and midstream cost of sales 2,408 2,791 2,833
Purchased commodities 1,395 1,679 822
Selling, general and administrative 864 893 585
Other operating and non-operating expense 884 1,421 1,028
Depreciation, depletion and amortization 8,097 6,140 3,977
Asset impairments and other charges 11,083 1,361 561
Taxes other than on income 622 840 439
Anadarko Acquisition-related costs 339 1,647 0
Exploration expense 132 247 110
Interest and debt expense, net 1,424 1,066 389
Total 31,913 22,002 13,657
Income (loss) before income taxes and other items (15,652) (252) 5,277
OTHER ITEMS      
Gains (losses) on interest rate swaps and warrants, net (423) 233 0
Income from equity investments 370 373 331
Total (53) 606 331
Income (loss) from continuing operations before income taxes (15,705) 354 5,608
Income tax benefit (expense) 2,172 (861) (1,477)
Income (loss) from continuing operations (13,533) (507) 4,131
Loss from discontinued operations, net of tax (1,298) (15) 0
NET (LOSS) INCOME (14,831) (522) 4,131
Less: Net loss attributable to noncontrolling interest 0 (145) 0
Less: Preferred stock dividends (844) (318) 0
NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (15,675) $ (985) $ 4,131
PER COMMON SHARE, BASIC      
Income (loss) from continuing operations—basic (in dollars per share) $ (15.65) $ (1.20) $ 5.40
Loss from discontinued operations—basic (in dollars per share) (1.41) (0.02) 0
Net income (loss) attributable to common stockholders—basic (in dollars per share) (17.06) (1.22) 5.40
PER COMMON SHARE, DILUTED      
Income (loss) from continuing operations—diluted (in dollars per share) (15.65) (1.20) 5.39
Loss from discontinued operations—diluted (in dollars per share) (1.41) (0.02) 0
Net income (loss) attributable to common stockholders—diluted (in dollars per share) $ (17.06) $ (1.22) $ 5.39