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Consolidated Statements of Income (unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues and other income:    
Sales and other operating revenues$ 3,633$ 2,839$ 10,969$ 8,287
Sales to related parties16154541
Income from equity method investments12377360245
Net gain on disposal of assets13063822
Other income14243652
Total revenues and other income3,7992,95511,4739,447
Costs and expenses:    
Cost of revenues (excludes items below)1,6001,1074,6713,384
Purchases from related parties5757184132
Depreciation, depletion and amortization5175301,7161,376
Impairments00307439
General and administrative expenses104108371328
Other taxes5944170145
Exploration expenses12959504282
Total costs and expenses2,4661,9057,9236,086
Income from operations1,3331,0503,5503,361
Net interest and other(30)(16)(62)(53)
Loss on early extinguishment of debt00(279)(92)
Income from continuing operations before income taxes1,3031,0343,2093,216
Provision for income taxes8985672,0511,758
Income from continuing operations4054671,1581,458
Discontinued operations02291,239404
Net income$ 405$ 696$ 2,397$ 1,862
Basic:    
Income from continuing operations, per basic share$ 0.57$ 0.66$ 1.63$ 2.06
Discontinued operations, per basic share$ 0.00$ 0.32$ 1.74$ 0.57
Net income, per basic share$ 0.57$ 0.98$ 3.37$ 2.63
Diluted:    
Income from continuing operations, per diluted share$ 0.57$ 0.66$ 1.62$ 2.05
Discontinued operations, per diluted share$ 0.00$ 0.32$ 1.73$ 0.57
Net income, per diluted share$ 0.57$ 0.98$ 3.35$ 2.62
Dividends paid, per share$ 0.15$ 0.25$ 0.65$ 0.74
Weighted average number of shares    
Basic711710712709
Weighted Average Number Of Diluted Shares714712716711