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Statement of Consolidated Operations (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES AND OTHER:    
Oil and gas production revenues$ 4,282$ 3,047$ 12,515$ 8,709
Other46(34)76(51)
Total revenues and other4,3283,01312,5918,658
OPERATING EXPENSES:    
Depreciation, depletion and amortization1,0657873,0302,155
Asset retirement obligation accretion392511474
Lease operating expenses6615071,9461,393
Gathering and transportation7243221126
Taxes other than income244158663522
General and administrative11289327260
Merger, acquisitions & transition481516
Financing costs, net3759123174
Total operating expenses2,2341,6766,4394,720
INCOME BEFORE INCOME TAXES2,0941,3376,1523,938
Current income tax provision4732071,692889
Deferred income tax provision6193521,065706
NET INCOME1,0027783,3952,343
Preferred stock dividends19135713
INCOME ATTRIBUTABLE TO COMMON STOCK$ 983$ 765$ 3,338$ 2,330
NET INCOME PER COMMON SHARE:    
Basic$ 2.56$ 2.14$ 8.70$ 6.78
Diluted$ 2.50$ 2.12$ 8.49$ 6.72
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic384357384344
Diluted400367400349
DIVIDENDS DECLARED PER COMMON SHARE$ 0.15$ 0.15$ 0.45$ 0.45