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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues and Other        
Crude Oil and Condensate $ 2,377,528 $ 1,445,454 $ 4,478,836 $ 2,875,515
Natural Gas Liquids 286,354 146,907 507,769 300,351
Natural Gas 300,845 224,008 600,611 454,610
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts (185,883) 9,446 (245,654) 71,466
Gathering, Processing and Marketing 1,436,436 778,797 2,538,258 1,505,334
Losses on Asset Dispositions, Net (6,317) (8,916) (21,286) (25,674)
Other, Net 29,114 16,776 60,705 41,435
Total 4,238,077 2,612,472 7,919,239 5,223,037
Operating Expenses        
Lease and Well 314,604 255,186 614,668 510,963
Transportation Costs 177,797 186,356 354,754 365,070
Gathering and Processing Costs 109,169 34,746 210,514 72,890
Exploration Costs 47,478 34,711 82,314 91,605
Dry Hole Costs 4,902 27 4,902 27
Impairments 51,708 78,934 116,317 272,121
Marketing Costs 1,420,463 790,599 2,526,853 1,527,135
Depreciation, Depletion and Amortization 848,674 865,384 1,597,265 1,681,420
General and Administrative 104,083 108,507 198,781 205,745
Taxes Other Than Income 194,268 130,114 373,352 260,407
Total 3,273,146 2,484,564 6,079,720 4,987,383
Operating Income 964,931 127,908 1,839,519 235,654
Other Income (Expense), Net (8,551) 4,972 (7,824) 8,123
Income Before Interest Expense and Income Taxes 956,380 132,880 1,831,695 243,777
Interest Expense        
Interest Expense, Net 63,444 70,413 125,400 141,928
Income Before Income Taxes 892,936 62,467 1,706,295 101,849
Income Tax Provision 196,205 39,414 370,975 50,279
Net Income $ 696,731 $ 23,053 $ 1,335,320 $ 51,570
Net Income Per Share        
Basic $ 1.21 $ 0.04 $ 2.32 $ 0.09
Diluted 1.20 0.04 2.30 0.09
Dividends Declared per Common Share $ 0.1850 $ 0.1675 $ 0.3700 $ 0.3350
Average Number of Common Shares        
Basic 576,135 574,439 575,953 574,162
Diluted 580,375 578,483 580,007 578,573
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments $ (3,229) $ 1,260 $ 1,773 $ 1,569
Other, Net of Tax 6 (86) 12 (49)
Other Comprehensive Income (Loss) (3,223) 1,174 1,785 1,520
Comprehensive Income $ 693,508 $ 24,227 $ 1,337,105 $ 53,090