| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues and other income | ||||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | ||||||||||||
2,817 | 1,806 | 1,300 | 1,862 | 2,787 | 5,288 | 5,312 | 4,608 | 4,222 | 20,092 | 16,800 | 27,360 | 18,297 |
Gain (Loss) on Derivative Instruments, Net, Pretax | ||||||||||||
-0 | -41 | 9 | -63 | - | - | - | - | - | - | - | - | - |
Gain on sale of assets and other income | ||||||||||||
12 | 26 | 133 | 11 | 154 | 138 | -0 | 0 | - | - | - | - | - |
Revenues | ||||||||||||
2,829 | 1,791 | 1,444 | 1,811 | 2,941 | 5,476 | 5,390 | 4,619 | 4,278 | 20,036 | 16,895 | 27,432 | 18,312 |
Costs and expenses | ||||||||||||
Lease operating expenses | ||||||||||||
605 | 353 | 299 | 559 | 832 | 1,089 | 1,252 | 1,079 | - | - | - | - | - |
Severance and ad valorem taxes | ||||||||||||
47 | 52 | 43 | 43 | 65 | - | - | - | - | - | - | - | - |
Transportation, gathering and processing | ||||||||||||
176 | 75 | 0 | - | - | - | - | - | - | - | - | - | - |
Crude oil and product purchases | ||||||||||||
- | - | - | - | - | - | - | - | - | 15,351 | 12,821 | 21,649 | 14,882 |
Operating expenses | ||||||||||||
- | - | - | - | - | - | - | - | 1,010 | 1,651 | 1,350 | 1,657 | 1,277 |
Exploration expenses, including undeveloped lease amortization | ||||||||||||
95 | 101 | 120 | 101 | 470 | 513 | 502 | 380 | 489 | 276 | 265 | 344 | 202 |
Selling and general expenses | ||||||||||||
232 | 205 | 207 | 246 | 306 | 364 | 379 | 249 | 208 | 256 | 212 | 228 | 228 |
Depreciation, depletion and amortization | ||||||||||||
1,147 | 775 | 751 | 1,054 | 1,619 | 1,906 | 1,553 | 1,253 | 964 | 1,092 | 870 | 667 | 450 |
Redetermination expense | ||||||||||||
- | - | - | 39 | - | - | - | - | - | - | - | - | - |
Accretion of asset retirement obligations | ||||||||||||
40 | 27 | 25 | 46 | 48 | 50 | 48 | 38 | 33 | 29 | 26 | 24 | 16 |
Impairment of assets | ||||||||||||
0 | 20 | 0 | 95 | 2,493 | 51 | 21 | 200 | 368 | 0 | 5 | 0 | 40 |
Other expense (benefit) | ||||||||||||
38 | -34 | 22 | 13 | 360 | 107 | 87 | 35 | - | - | - | - | - |
Total costs and expenses | ||||||||||||
2,383 | 1,575 | 1,470 | 2,200 | 6,197 | 4,223 | 3,917 | 3,251 | 3,110 | 18,710 | 15,659 | 24,613 | 17,123 |
Operating (loss) income from continuing operations | ||||||||||||
445 | 215 | -26 | -388 | -3,256 | - | - | - | - | - | - | - | - |
Other income (loss) | ||||||||||||
Gain (loss) on sale of assets | ||||||||||||
- | - | - | - | - | - | - | - | 23 | 0 | 3 | 133 | -0 |
Interest and other income (loss) | ||||||||||||
-22 | 7 | -78 | 43 | 91 | 48 | 77 | 10 | 33 | -57 | 90 | -62 | 15 |
Redetermination of Terra Nova working interest | ||||||||||||
- | - | - | - | - | - | - | - | -5 | 18 | 83 | 0 | 0 |
Interest expense, net | ||||||||||||
219 | 180 | 178 | 148 | 117 | 136 | 124 | 54 | 55 | 53 | 53 | 73 | 74 |
Interest capitalized | ||||||||||||
- | - | - | - | - | 20 | 52 | 39 | 15 | 18 | -28 | 31 | -49 |
Total other loss | ||||||||||||
-241 | -172 | -256 | -104 | -25 | -24 | - | - | - | - | - | - | - |
(Loss) income from continuing operations before income taxes | ||||||||||||
203 | 43 | -282 | -493 | -3,282 | 1,252 | 1,472 | 1,368 | 1,167 | 1,325 | 1,235 | 2,818 | 1,189 |
Income tax (benefit) expense | ||||||||||||
14 | -126 | 270 | -219 | -1,026 | 227 | 584 | 561 | 628 | 576 | 521 | 1,073 | 449 |
(Loss) income from continuing operations | ||||||||||||
188 | 169 | -553 | -273 | -2,255 | 1,024 | 888 | 806 | 539 | 749 | 713 | 1,744 | 739 |
(Loss) income from discontinued operations, net of income taxes | ||||||||||||
1,064 | 250 | 241 | -2 | -15 | -119 | 235 | 164 | 333 | 49 | 123 | -4 | 27 |
Net (loss) income including noncontrolling interest | ||||||||||||
1,253 | 419 | -311 | -275 | - | - | - | - | - | - | - | - | - |
Less: Net (loss) income attributable to noncontrolling interest | ||||||||||||
103 | 8 | 0 | - | - | - | - | - | - | - | - | - | - |
Net Income (Loss) Attributable to Parent | ||||||||||||
1,149 | 411 | -311 | -275 | -2,270 | 905 | 1,123 | 970 | 872 | 798 | 837 | 1,739 | 766 |
(LOSS) INCOME PER COMMON SHARE – BASIC | ||||||||||||
Continuing operations (in USD per share) | ||||||||||||
0.52 | 0.92 | -3.21 | -1.59 | -12.94 | 5.73 | 4.73 | 4.16 | 2.79 | 3.90 | 3.74 | 9.20 | 3.93 |
Discontinued operations (in USD per share) | ||||||||||||
6.49 | 1.46 | 1.40 | -0.01 | -0.09 | -0.67 | 1.25 | 0.85 | 1.72 | 0.26 | 0.65 | -0.02 | 0.15 |
Net (loss) income (in USD per share) | ||||||||||||
7.01 | 2.38 | -1.81 | -1.60 | -13.03 | 5.06 | 5.98 | 5.01 | 4.51 | 4.16 | 4.39 | 9.18 | 4.08 |
(LOSS) INCOME PER COMMON SHARE – DILUTED | ||||||||||||
Continuing operations (in USD per share) | ||||||||||||
0.52 | 0.92 | -3.21 | -1.59 | -12.94 | 5.69 | 4.69 | 4.14 | 2.77 | 3.88 | 3.71 | 9.08 | 3.87 |
Discontinued operations (in USD per share) | ||||||||||||
6.46 | 1.44 | 1.40 | -0.01 | -0.09 | -0.66 | 1.25 | 0.85 | 1.72 | 0.25 | 0.64 | -0.02 | 0.14 |
Net (loss) income (in USD per share) | ||||||||||||
6.98 | 2.36 | -1.81 | -1.60 | -13.03 | 5.03 | 5.94 | 4.99 | 4.49 | 4.13 | 4.35 | 9.06 | 4.01 |
Cash dividends per Common share (in USD per share) | ||||||||||||
1.00 | 1.00 | 1.00 | 1.20 | 1.40 | - | - | - | - | - | - | - | - |
Average Common shares outstanding (thousands) | ||||||||||||
Basic (in shares) | ||||||||||||
163 | 172 | 172 | 172 | 174 | 178 | 187 | 193 | 193 | 191 | 190 | 189 | 188 |
Diluted (in shares) | ||||||||||||
164 | 174 | 172 | 172 | 174 | 180 | 189 | 194 | 194 | 193 | 192 | 192 | 191 |
Previous Accounting Guidance | ||||||||||||
Transportation, gathering and processing | ||||||||||||
- | - | 58 | - | - | - | - | - | - | - | - | - | - |