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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues and Other    
Total $ 3,694,000,000 $ 4,718,000,000
Operating Expenses    
Lease and Well 270,000,000 330,000,000
Transportation Costs 202,000,000 208,000,000
Gathering and Processing Costs 139,000,000 128,000,000
Exploration Costs 33,000,000 40,000,000
Dry Hole Costs 11,000,000 0
Impairments 44,000,000 1,573,000,000
Marketing Costs 838,000,000 1,110,000,000
Depreciation, Depletion and Amortization 900,000,000 1,000,000,000
General and Administrative 110,000,000 114,000,000
Taxes Other Than Income 215,000,000 157,000,000
Total 2,762,000,000 4,660,000,000
Operating Income 932,000,000 58,000,000
Other Income (Expense), Net (4,000,000) 18,000,000
Income Before Interest Expense and Income Taxes 928,000,000 76,000,000
Interest Expense    
Interest Expense, Net 47,000,000 45,000,000
Income Before Income Taxes 881,000,000 31,000,000
Income Tax Provision 204,000,000 21,000,000
Net Income $ 677,000,000 $ 10,000,000
Net Income Per Share    
Basic $ 1.17 $ 0.02
Diluted $ 1.16 $ 0.02
Average Number of Common Shares    
Basic 580 578
Diluted 583 580
Other Comprehensive Income (Loss)    
Foreign Currency Translation Adjustments $ (2,000,000) $ 2,000,000
Other, Net of Tax 0 0
Other Comprehensive Income (Loss) (2,000,000) 2,000,000
Comprehensive Income 675,000,000 12,000,000
Crude Oil and Condensate    
Operating Revenues and Other    
Revenues 2,251,000,000 2,065,000,000
Natural Gas Liquids    
Operating Revenues and Other    
Revenues 314,000,000 161,000,000
Natural Gas    
Operating Revenues and Other    
Revenues 625,000,000 210,000,000
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts    
Operating Revenues and Other    
Revenues (367,000,000) 1,206,000,000
Gathering, Processing and Marketing    
Operating Revenues and Other    
Revenues 848,000,000 1,039,000,000
Gains (Losses) on Asset Dispositions, Net    
Operating Revenues and Other    
Revenues (6,000,000) 16,000,000
Other, Net    
Operating Revenues and Other    
Revenues $ 29,000,000 $ 21,000,000