v2.4.0.6
Consolidated Statements of Operations (unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2010
Sep. 30, 2009
Sep. 30, 2010
Sep. 30, 2009
Revenues        
Oil, Gas and NGL Sales $ 704 $ 573 $ 2,102 $ 1,440
Income from Equity Method Investees 34 25 85 52
Other Revenues 17 23 52 61
Total Revenues 755 621 2,239 1,553
Costs and Expenses        
Production Expense 141 131 430 390
Exploration Expense 35 27 167 102
Depreciation, Depletion and Amortization 231 205 662 601
General and Administrative 65 53 194 173
Gain on Asset Sales (114) 0 (114) (24)
Asset Impairments 100 0 100 437
Other Operating (Income) Expense, Net 4 34 59 46
Total 462 450 1,498 1,725
Operating Income (Loss) 293 171 741 (172)
Other (Income) Expense        
(Gain) Loss on Commodity Derivative Instruments (38) 28 (280) 95
Interest, Net of Amount Capitalized 21 23 60 64
Other Non-Operating (Income) Expense, Net 12 5 (1) 18
Total (5) 56 (221) 177
Income (Loss) Before Income Taxes 298 115 962 (349)
Income Tax Provision (Benefit) 66 8 289 (210)
Net Income (Loss) $ 232 $ 107 $ 673 $ (139)
Earnings (Loss) Per Share, Basic (in dollars per share) $ 1.33 $ 0.62 $ 3.86 $ (0.80)
Earnings (Loss) Per Share, Diluted (in dollars per share) $ 1.31 $ 0.61 $ 3.80 $ (0.80)
Weighted Average Number of Shares Outstanding, Basic (in shares) 175 173 175 173
Weighted Average Number of Shares Outstanding, Diluted (in shares) 177 175 178 173