Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information Note Tables [Abstract]

Various segment information

	Three Months Ended September 30, 2011
(In millions)		E&P		OSM		IG		Total
Revenues:
Customer	$	3,190	$	427	$	16	$	3,633
Intersegment		6		0		0		6
Related parties		16		0		0		16
Segment revenues		3,212		427		16		3,655
Elimination of intersegment revenues		(6)		0		-		(6)
Total revenues	$	3,206	$	427	$	16	$	3,649
Segment income	$	330	$	92	$	55	$	477
Income from equity method investments		63		0		60		123
Depreciation, depletion and amortization		454		55		0		509
Income tax provision		890		31		19		940
Capital expenditures		684		36		1		721

	Three Months Ended September 30, 2010
(In millions)		E&P		OSM		IG		Total
Revenues:
Customer	$	2,605	$	196	$	38	$	2,839
Intersegment		20		0		0		20
Related parties		15		0		0		15
Segment revenues		2,640		196		38		2,874
Elimination of intersegment revenues		(20)		0		-		(20)
Total revenues	$	2,620	$	196	$	38	$	2,854
Segment income	$	510	$	18	$	41	$	569
Income from equity method investments		51		0		51		102
Depreciation, depletion and amortization		491		28		1		520
Income tax provision		579		2		21		602
Capital expenditures		586		191		1		778

	Nine Months Ended September 30, 2011
(In millions)		E&P		OSM		IG		Total
Revenues:
Customer	$	9,696	$	1,180	$	93	$	10,969
Intersegment		47		-		-		47
Related parties		45		-		-		45
Segment revenues		9,788		1,180		93		11,061
Elimination of intersegment revenues		(47)		-		-		(47)
Total revenues	$	9,741	$	1,180	$	93	$	11,014
Segment income	$	1,599	$	193	$	158	$	1,950
Income from equity method investments		187		-		173		360
Depreciation, depletion and amortization		1,541		141		3		1,685
Income tax provision		2,101		64		62		2,227
Capital expenditures		2,101		236		2		2,339

	Nine Months Ended September 30, 2010
(In millions)		E&P		OSM		IG		Total
Revenues:
Customer	$	7,622	$	567	$	98	$	8,287
Intersegment		49		0		0		49
Related parties		41		0		0		41
Segment revenues		7,712		567		98		8,377
Elimination of intersegment revenues		(49)		0		-		(49)
Total revenues	$	7,663	$	567	$	98	$	8,328
Segment income (loss)	$	1,444	$	(59)	$	109	$	1,494
Income from equity method investments		128		0		142		270
Depreciation, depletion and amortization		1,279		67		3		1,349
Income tax provision (benefit)		1,741		(15)		56		1,782
Capital expenditures		1,774		699		2		2,475

Reconciliation of segment income to net income

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2011			2010	2011		2010
Segment income	$	477	$	569	$	1,950	$	1,494
Items not allocated to segments, net of income taxes:
Corporate and other unallocated items		(79)		(50)		(215)		(130)
Foreign currency remeasurement of income taxes		23		(37)		6		33
Impairments{a}		-		(15)		(195)		(286)
Loss on early extinguishment of debt{b}		-		-		(176)		(57)
Tax effect of subsidiary restructuring{c}		-		-		(122)		-
Deferred income tax items{c}		(15)		-		(65)		(45)
Water abatement - Oil Sands{d}		-		-		(48)		-
Gain on dispositions {e}		(1)		-		23		449
Income from continuing operations		405		467		1,158		1,458
Discontinued operations		-		229		1,239		404
Net income	$	405	$	696	$	2,397	$	1,862

(a)Impairments are discussed in Note 13.

(b) Additional information on debt retired early can be found in Note 15.

(c) Changes in deferred taxes and the non cash tax restructuring are discussed in Note 10.

(d)        Oil sands water abatement costs are discussed in Note 19.

(e)Additional information on these gains can be found in Note 7.

Reconciliation of revenues to sales as presented on the income statement

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2011			2010	2011		2010
Total revenues	$	3,649	$	2,854	$	11,014	$	8,328
Less: Sales to related parties		16		15		45		41
Sales and other operating revenues	$	3,633	$	2,839	$	10,969	$	8,287