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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues and Other        
Total $ 4,765,000,000 $ 2,246,000,000 $ 12,598,000,000 $ 8,067,000,000
Operating Expenses        
Lease and Well 270,000,000 227,000,000 810,000,000 802,000,000
Transportation Costs 219,000,000 180,000,000 635,000,000 540,000,000
Gathering and Processing Costs 145,000,000 115,000,000 412,000,000 340,000,000
Exploration Costs 44,000,000 38,000,000 112,000,000 105,000,000
Dry Hole Costs 4,000,000 13,000,000 28,000,000 13,000,000
Impairments 82,000,000 79,000,000 170,000,000 1,957,000,000
Marketing Costs 1,184,000,000 523,000,000 3,013,000,000 2,077,000,000
Depreciation, Depletion and Amortization 927,000,000 823,000,000 2,741,000,000 2,530,000,000
General and Administrative 142,000,000 125,000,000 372,000,000 371,000,000
Taxes Other Than Income 277,000,000 126,000,000 731,000,000 364,000,000
Total 3,294,000,000 2,249,000,000 9,024,000,000 9,099,000,000
Operating Income (Loss) 1,471,000,000 (3,000,000) 3,574,000,000 (1,032,000,000)
Other Income, Net 6,000,000 3,000,000 0 17,000,000
Income (Loss) Before Interest Expense and Income Taxes 1,477,000,000 0 3,574,000,000 (1,015,000,000)
Interest Expense        
Interest Expense, Net 48,000,000 53,000,000 140,000,000 152,000,000
Income (Loss) Before Income Taxes 1,429,000,000 (53,000,000) 3,434,000,000 (1,167,000,000)
Income Tax Provision (Benefit) 334,000,000 (11,000,000) 755,000,000 (225,000,000)
Net Income (Loss) $ 1,095,000,000 $ (42,000,000) $ 2,679,000,000 $ (942,000,000)
Net Income (Loss) Per Share        
Basic $ 1.88 $ (0.07) $ 4.62 $ (1.63)
Diluted $ 1.88 $ (0.07) $ 4.59 $ (1.63)
Average Number of Common Shares        
Basic 581,000 579,000 580,000 579,000
Diluted 584,000 579,000 584,000 579,000
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments $ 2,000,000 $ (3,000,000) $ (1,000,000) $ (3,000,000)
Other, Net of Tax 0 0 0 0
Other Comprehensive Income (Loss) 2,000,000 (3,000,000) (1,000,000) (3,000,000)
Comprehensive Income (Loss) 1,097,000,000 (45,000,000) 2,678,000,000 (945,000,000)
Crude Oil and Condensate        
Operating Revenues and Other        
Revenues 2,929,000,000 1,395,000,000 7,879,000,000 4,075,000,000
Natural Gas Liquids        
Operating Revenues and Other        
Revenues 548,000,000 185,000,000 1,229,000,000 439,000,000
Natural Gas        
Operating Revenues and Other        
Revenues 568,000,000 184,000,000 1,597,000,000 535,000,000
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts        
Operating Revenues and Other        
Revenues (494,000,000) (4,000,000) (1,288,000,000) 1,075,000,000
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenues 1,186,000,000 539,000,000 3,056,000,000 1,940,000,000
Gains (Losses) on Asset Dispositions, Net        
Operating Revenues and Other        
Revenues 1,000,000 (71,000,000) 46,000,000 (41,000,000)
Other, Net        
Operating Revenues and Other        
Revenues $ 27,000,000 $ 18,000,000 $ 79,000,000 $ 44,000,000