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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net Operating Revenues        
Crude Oil and Condensate $ 1,181,092 $ 2,671,502 $ 3,894,092 $ 7,687,579
Natural Gas Liquids 95,217 258,927 311,137 753,135
Natural Gas 281,837 443,108 843,657 1,508,892
Gains on Mark-to-Market Commodity Derivative Contracts 29,239 469,125 56,954 84,119
Gathering, Processing and Marketing 572,217 1,196,933 1,820,843 3,240,139
Gains (Losses) on Asset Dispositions, Net (1,185) 60,346 (5,142) 75,700
Other, Net 14,011 18,675 39,126 40,279
Total 2,172,428 5,118,616 6,960,667 13,389,843
Operating Expenses        
Lease and Well 283,221 368,340 934,366 1,035,632
Transportation Costs 203,594 246,067 641,739 729,883
Gathering and Processing Costs 35,497 41,621 106,503 108,015
Exploration Costs 31,344 48,955 114,548 139,221
Dry Hole Costs 198 16,359 14,317 30,265
Impairments 6,307,420 55,542 6,445,375 207,938
Marketing Costs 615,303 1,213,652 1,924,134 3,263,471
Depreciation, Depletion and Amortization 722,172 1,040,018 2,544,187 2,983,111
General and Administrative 90,959 96,931 257,580 270,725
Taxes Other Than Income 105,677 204,969 334,244 606,411
Total 8,395,385 3,332,454 13,316,993 9,374,672
Operating Income (Loss) (6,222,957) 1,786,162 (6,356,326) 4,015,171
Other Income (Expense), Net 8,607 (21,338) 7,996 (16,726)
Income (Loss) Before Interest Expense and Income Taxes (6,214,350) 1,764,824 (6,348,330) 3,998,445
Interest Expense        
Interest Expense, Net 60,571 49,704 174,400 151,723
Income (Loss) Before Income Taxes (6,274,921) 1,715,120 (6,522,730) 3,846,722
Income Tax Provision (Benefit) (2,199,182) 611,502 (2,282,511) 1,375,823
Net Income (Loss) $ (4,075,739) $ 1,103,618 $ (4,240,219) $ 2,470,899
Net Income (Loss) Per Share        
Basic $ (7.47) $ 2.03 $ (7.77) $ 4.55
Diluted (7.47) 2.01 (7.77) 4.51
Dividends Declared per Common Share $ 0.1675 $ 0.1675 $ 0.5025 $ 0.4175
Average Number of Common Shares        
Basic 545,920 543,984 545,466 543,086
Diluted 545,920 549,518 545,466 548,401
Comprehensive Income (Loss)        
Net Income (Loss) $ (4,075,739) $ 1,103,618 $ (4,240,219) $ 2,470,899
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments (7,004) (38,886) (11,767) (27,438)
Other 28 23 (156) (671)
Other Comprehensive Loss (6,976) (38,863) (11,923) (28,109)
Comprehensive Income (Loss) $ (4,082,715) $ 1,064,755 $ (4,252,142) $ 2,442,790