v2.4.0.6
Consolidated Statements of Operations (unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2010
Mar. 31, 2009
Revenues    
Oil, Gas and NGL Sales $ 688 $ 406
Income from Equity Method Investees 26 11
Other Revenues 19 24
Total Revenues 733 441
Costs and Expenses    
Production Expense 139 130
Exploration Expense 80 42
Depreciation, Depletion and Amortization 216 200
General and Administrative 66 59
Asset Impairments 0 437
Other Operating (Income) Expense, Net 14 (6)
Total Operating Expenses 515 862
Operating Income (Loss) 218 (421)
Other (Income) Expense    
Gain on Commodity Derivative Instruments (145) (73)
Interest, Net of Amount Capitalized 20 18
Other Non-Operating Expense, Net 0 8
Total Other (Income) Expense (125) (47)
Income (Loss) Before Income Taxes 343 (374)
Income Tax Provision (Benefit) 106 (186)
Net Income (Loss) $ 237 $ (188)
Earnings (Loss) Per Share, Basic $ 1.36 $ (1.09)
Earnings (Loss) Per Share, Diluted $ 1.34 $ (1.09)
Weighted Average Number of Shares Outstanding, Basic 174 173
Weighted Average Number of Shares Outstanding, Diluted 177 173