Acquisitions and Dispositions (Tables) - Concho Resources Incorporated [Member] |
6 Months Ended |
|---|---|
Jun. 30, 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 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 18,971 Other assets 62 Total assets acquired $ 20,572 Liabilities Assumed Accounts payable $ 638 Accrued income and other taxes 49 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 $ 7,447 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 $ 70 70 Selling, general and administration expenses 135 52 187 Exploration expenses 18 4 22 Taxes other than income taxes 4 2 6 Other expenses - 29 29 $ 157 157 314 |
| Supplemental Pro Forma (unaudited) | Millions of Dollars Supplemental Pro Forma (unaudited) Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Total revenues and other income $ 4,065 11,365 Net loss (229) (619) Net loss attributable to ConocoPhillips (247) (665) $ per share Earnings per share: Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Basic net loss $ (0.18) (0.49) Diluted net loss (0.18) (0.49) |