XML 69 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Income (unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues and other income:        
Sales and other operating revenues $ 3,680 $ 2,793 $ 7,336 $ 5,448
Sales to related parties 14 14 29 26
Income from equity method investments 120 83 237 168
Net gain on disposal of assets 45 10 50 822
Other income 6 3 22 28
Total revenues and other income 3,865 2,903 7,674 6,492
Costs and expenses:        
Cost of revenues (excludes items below) 1,667 1,230 3,071 2,277
Purchases from related parties 71 35 127 75
Depreciation, depletion and amortization 564 416 1,199 846
General and administrative expenses 130 118 267 220
Other taxes 53 52 111 101
Exploration expenses 145 125 375 223
Total costs and expenses 2,937 1,981 5,457 4,181
Impairments 307 5 307 439
Income from operations 928 922 2,217 2,311
Net interest and other (13) (15) (32) (37)
Loss on early extinguishment of debt 0 (92) (279) (92)
Income from continuing operations before income taxes 915 815 1,906 2,182
Provision for income taxes (617) (441) (1,153) (1,191)
Income From Continuing Operations 298 374 753 991
Discontinued operations 698 335 1,239 175
Net income $ 996 $ 709 $ 1,992 $ 1,166
Basic:        
Income from continuing operations, per basic share $ 0.42 $ 0.53 $ 1.06 $ 1.39
Discontinued operations, per basic share $ 0.98 $ 0.47 $ 1.74 $ 0.25
Net income, per basic share $ 1.40 $ 1.00 $ 2.80 $ 1.64
Diluted:        
Income from continuing operations, per diluted share $ 0.42 $ 0.53 $ 1.05 $ 1.39
Discontinued operations, per diluted share $ 0.97 $ 0.47 $ 1.73 $ 0.25
Net income, per diluted share $ 1.39 $ 1.00 $ 2.78 $ 1.64
Dividends paid, per share $ 0.25 $ 0.25 $ 0.50 $ 0.49
Weighted average number of shares        
Basic 713 710 712 709
Diluted 717 712 716 711