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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues $ 3,334 $ 3,938 $ 6,576 $ 7,709
Cost of sales:        
Production and delivery 2,956 2,651 5,455 5,330
Depreciation, depletion and amortization 632 833 1,294 1,699
Impairment of oil and gas properties 291 2,686 4,078 5,790
Total cost of sales 3,879 6,170 10,827 12,819
Selling, general and administrative expenses 160 148 298 299
Mining exploration and research expenses 15 30 33 57
Environmental obligations and shutdown costs 11 11 21 24
Net gain on sales of assets (749) 0 (749) (39)
Total costs and expenses 3,316 6,359 10,430 13,160
Operating income (loss) 18 (2,421) (3,854) (5,451)
Interest expense, net (196) (142) (387) (281)
Net gain on early extinguishment of debt 39 0 36 0
Other income, net 25 36 64 43
Loss before income taxes and equity in affiliated companies' net earnings (114) (2,527) (4,141) (5,689)
(Provision for) benefit from income taxes (116) 699 (193) 1,413
Equity in affiliated companies’ net earnings 1 0 8 1
Net loss from continuing operations (229) (1,828) (4,326) (4,275)
Net (loss) income from discontinued operations (181) 29 (185) 70
Net loss (410) (1,799) (4,511) (4,205)
Net income attributable to noncontrolling interests:        
Continuing operations (47) (16) (109) (48)
Discontinued operations (12) (26) (22) (52)
Preferred dividends attributable to redeemable noncontrolling interest (10) (10) (21) (20)
Net loss attributable to common stockholders $ (479) $ (1,851) $ (4,663) $ (4,325)
Basic and diluted net (loss) income per share attributable to common stockholders:        
Continuing operations $ (0.23) $ (1.78) $ (3.54) $ (4.18)
Discontinued operations (0.15) 0.00 (0.16) 0.02
Basic and diluted net (loss) income per share attributable to common stockholders: $ (0.38) $ (1.78) $ (3.70) $ (4.16)
Basic and diluted weighted-average common shares outstanding 1,269 1,040 1,260 1,040
Dividends declared per share of common stock $ 0 $ 0.1605 $ 0 $ 0.2105