Acquisitions and Dispositions (Tables) - Concho Resources Inc [Member] |
3 Months Ended |
|---|---|
Mar. 31, 2021 | |
| Business Acquisition [Line Items] | |
| Total Consideration | Total Consideration 194,243 1,599 Number of shares exchanged 195,842 1.46 285,929 $ 45.9025 $ 13,125 **Based on the ConocoPhillips average stock price on January |
| Net assets to be acquired | Assets Acquired Millions of Dollars Cash and cash equivalents $ 382 Accounts receivable, net 742 Inventories 45 Prepaid expenses and other current assets 37 Investments and long-term receivables 333 Net properties, plants and equipment 18,998 Other assets 62 Total assets acquired $ 20,599 Liabilities Assumed Accounts payable $ 638 Accrued income and other taxes 76 Employee benefit obligations 4 Other accruals 510 Long-term debt 4,696 Asset retirement obligations and accrued environmental 310 Deferred income taxes 1,123 Other liabilities and deferred credits 117 Total liabilities assumed $ 7,474 Net assets acquired $ 13,125 |
| Non-recurring restructuring and transition-related costs | Millions of Dollars Transaction Cost Restructuring Cost Total Cost Production and operating expenses $ 56 56 Selling, general and administration expenses 135 45 180 Exploration expenses 18 4 22 Taxes other than income taxes 4 4 Other expenses 29 29 $ 157 134 291 |
| Supplemental Pro Forma (unaudited) | Millions of Dollars Supplemental Pro Forma (unaudited) Three Months Ended March 31, 2020 Total revenues and other income $ 7,300 Net loss (390) Net loss attributable to ConocoPhillips (418) $ per share Earnings per share: Three Months Ended March 31, 2020 Basic net loss $ (0.31) Diluted net loss (0.31) |