XML 52 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Oil and natural gas sales $ 430 $ 601
Net derivative gain (loss) from commodity contracts 79 (89)
Other revenue 64 178
Total revenues 573 690
COSTS    
Production costs 192 233
General and administrative expenses 60 83
Depreciation, depletion and amortization 119 118
Asset impairments 1,736 0
Taxes other than on income 41 41
Exploration expense 5 10
Other expenses, net 69 148
Total costs 2,222 633
OPERATING (LOSS) INCOME (1,649) 57
NON-OPERATING (LOSS) INCOME    
Interest and debt expense, net (87) (100)
Net gain on early extinguishment of debt 5 6
Other non-operating expenses (14) (7)
LOSS BEFORE INCOME TAXES (1,745) (44)
Income tax 0 0
NET LOSS (1,745) (44)
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS    
Net income attributable to noncontrolling interests (30) (28)
Equity (21) 5
Net income attributable to noncontrolling interests (51) (23)
NET LOSS ATTRIBUTABLE TO COMMON STOCK $ (1,796) $ (67)
Net loss attributable to common stock per share    
Basic (in dollars per share) $ (36.43) $ (1.38)
Diluted (in dollars per share) $ (36.43) $ (1.38)