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Consolidated Income Statement - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues and Other Income        
Sales and other operating revenues $ 7,953 $ 8,504 $ 17,103 $ 17,302
Equity in earnings (losses) of affiliates 173 265 361 473
Gain on Dispositions 82 55 99 62
Other income 172 416 874 364
Total Revenues and Other Income 8,380 9,240 18,437 18,201
Costs and Expenses        
Purchased commodities 2,674 3,064 6,349 6,778
Production and operating expenses 1,418 1,313 2,689 2,484
Selling, general and administrative expenses 129 118 282 217
Exploration expenses 122 69 232 164
Depreciation, depletion and amortization 1,490 1,438 3,036 2,850
Impairments 1 (35) 2 (23)
Taxes other than Income Taxes 194 273 469 456
Accretion on discounted liabilities 87 89 173 177
Interest and debt expense 165 177 398 361
Foreign currency transaction (gains) losses 28 (28) 40 2
Other Expense 14 143 22 340
Total Costs and Expenses 6,322 6,621 13,692 13,806
Income (Loss) before income taxes 2,058 2,619 4,745 4,395
Income tax provision (benefit) 461 965 1,302 1,841
Net income (loss) 1,597 1,654 3,443 2,554
Less: net income attributable to noncontrolling interests (17) (14) (30) (26)
Net Income (Loss) Attributable to ConocoPhillips [1] $ 1,580 $ 1,640 $ 3,413 $ 2,528
Earnings Per Share, Basic [Abstract]        
Earnings Per Share, Basic $ 1.40 $ 1.40 $ 3.01 $ 2.15
Earnings Per Share, Diluted [Abstract]        
Earnings Per Share, Diluted $ 1.40 $ 1.39 $ 3.00 $ 2.13
Average Common Shares Outstanding (in thousands)        
Basic 1,125,995 1,172,378 1,132,691 1,176,064
Diluted 1,131,242 1,181,167 1,139,511 1,184,499
[1] See Notes to Consolidated Financial Statements.