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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenues and Other      
Total $ 18,642 $ 11,032 $ 17,380
Operating Expenses      
Lease and Well 1,135 1,063 1,367
Transportation Costs [1] 863 735 758
Gathering and Processing Costs 559 [1] 459 [1] 479
Exploration Costs 154 146 140
Dry Hole Costs [1] 71 13 28
Impairments 376 2,100 518
Marketing Costs 4,173 2,698 5,352
Depreciation, Depletion and Amortization 3,651 3,400 3,750
General and Administrative 511 484 489
Taxes Other Than Income 1,047 478 800
Total 12,540 11,576 13,681
Operating Income (Loss) 6,102 (544) 3,699
Other Income, Net 9 10 31
Income (Loss) Before Interest Expense and Income Taxes 6,111 (534) 3,730
Interest Expense      
Incurred 211 236 223
Capitalized (33) (31) (38)
Net Interest Expense 178 205 185
Income (Loss) Before Income Taxes 5,933 (739) 3,545
Income Tax Provision (Benefit) 1,269 (134) 810
Net Income (Loss) $ 4,664 $ (605) $ 2,735
Net Income (Loss) Per Share      
Basic $ 8.03 $ (1.04) $ 4.73
Diluted $ 7.99 $ (1.04) $ 4.71
Average Number of Common Shares [Abstract]      
Basic (in shares) 581 579 578
Diluted (in shares) 584 579 581
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments $ (1) $ (7) $ (3)
Other, Net of Tax 1 0 0
Other Comprehensive Loss 0 (7) (3)
Comprehensive Income (Loss) 4,664 (612) 2,732
Crude Oil and Condensate      
Operating Revenues and Other      
Revenues 11,125 5,786 9,613
Natural Gas Liquids      
Operating Revenues and Other      
Revenues 1,812 668 785
Natural Gas      
Operating Revenues and Other      
Revenues 2,444 837 1,184
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts      
Operating Revenues and Other      
Revenues (1,152) 1,145 180
Gathering, Processing and Marketing      
Operating Revenues and Other      
Revenues 4,288 2,583 5,360
Gains (Losses) on Asset Dispositions, Net      
Operating Revenues and Other      
Revenues 17 (47) 124
Other, Net      
Operating Revenues and Other      
Revenues $ 108 $ 60 $ 134
[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, 2021.