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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net Operating Revenues and Other      
Crude Oil and Condensate $ 6,256,396 $ 4,317,341 $ 4,934,562
Natural Gas Liquids 729,561 437,250 407,658
Natural Gas 921,934 742,152 1,061,038
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts 19,828 (99,608) 61,924
Gathering, Processing and Marketing 3,298,087 1,966,259 2,253,135
Gains (Losses) on Asset Dispositions, Net (99,096) 205,835 (8,798)
Other, Net [1] 81,610 81,403 47,909
Total 11,208,320 7,650,632 8,757,428
Operating Expenses      
Lease and Well 1,044,847 927,452 1,182,282
Transportation Costs [1] 740,352 764,106 849,319
Gathering and Processing Costs 148,775 122,901 146,156
Exploration Costs 145,342 124,953 149,494
Dry Hole Costs [1] 4,609 10,657 14,746
Impairments 479,240 620,267 6,613,546
Marketing Costs 3,330,237 2,007,635 2,385,982
Depreciation, Depletion and Amortization 3,409,387 3,553,417 3,313,644
General and Administrative 434,467 394,815 366,594
Taxes Other Than Income 544,662 349,710 421,744
Total 10,281,918 8,875,913 15,443,507
Operating Income (Loss) 926,402 (1,225,281) (6,686,079)
Other Income (Expense), Net 9,152 (50,543) 1,916
Income (Loss) Before Interest Expense and Income Taxes 935,554 (1,275,824) (6,684,163)
Interest Expense      
Incurred 301,801 313,341 279,234
Capitalized (27,429) (31,660) (41,841)
Net Interest Expense 274,372 281,681 237,393
Income (Loss) Before Income Taxes 661,182 (1,557,505) (6,921,556)
Income Tax Benefit (1,921,397) (460,819) (2,397,041)
Net Income (Loss) $ 2,582,579 $ (1,096,686) $ (4,524,515)
Net Income (Loss) Per Share      
Basic $ 4.49 $ (1.98) $ (8.29)
Diluted 4.46 (1.98) (8.29)
Dividends Declared per Common Share $ 0.670 $ 0.670 $ 0.670
Average Number of Common Shares [Abstract]      
Basic (in shares) 574,620 553,384 545,697
Diluted 578,693 553,384 545,697
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments $ 2,799 $ 12,097 $ (11,517)
Other, Net of Tax (3,086) 2,231 1,235
Other Comprehensive Income (Loss) (287) 14,328 (10,282)
Comprehensive Income (Loss) $ 2,582,292 $ (1,082,358) $ (4,534,797)
[1] Excludes gains or losses on the mark-to-market of financial commodity derivative contracts, gains or losses on sales of reserves and related assets, interest charges and general corporate expenses for each of the three years in the period ended December 31, 2017.