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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES AND OTHER        
Oil and gas sales $ 700 $ 461 $ 1,932 $ 1,387
Net derivative (loss) gain from commodity contracts (54) (65) (259) 51
Other revenue 182 49 313 113
Total revenues and other 828 445 1,986 1,551
COSTS AND OTHER        
Production costs 236 222 679 649
General and administrative expenses 81 61 234 183
Depreciation, depletion and amortization 128 134 372 412
Taxes other than on income 45 39 120 103
Exploration expense 4 5 18 17
Other expenses, net 149 29 259 76
Total costs and other 643 490 1,682 1,440
OPERATING INCOME (LOSS) 185 (45) 304 111
NON-OPERATING (LOSS) INCOME        
Interest and debt expense, net (95) (85) (281) (252)
Net gain on early extinguishment of debt 2   26 4
Gain on asset divestitures 3   4 21
Other non-operating expenses (4) (2) (16) (11)
INCOME (LOSS) BEFORE INCOME TAXES 91 (132) 37 (127)
Income tax 0 0 0 0
NET INCOME (LOSS) 91 (132) 37 (127)
Net income attributable to noncontrolling interests (25) (1) (55) (1)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ 66 $ (133) $ (18) $ (128)
Net income (loss) attributable to common stock per share        
Basic (in dollars per share) $ 1.34 $ (3.11) $ (0.38) $ (3.01)
Diluted (in dollars per share) $ 1.32 $ (3.11) $ (0.38) $ (3.01)