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Statement of Consolidated Operations (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES AND OTHER:    
Oil and gas production revenues $ 4,457 $ 3,878
Other 79 47
Total revenues and other 4,536 3,925
Depreciation, depletion and amortization    
Recurring 1,219 936
Additional 521  
Asset retirement obligation accretion 55 37
Lease operating expenses 673 623
Gathering and transportation 77 76
Taxes other than income 257 164
General and administrative 128 112
Merger, acquisitions & transition 6 5
Financing costs, net 40 45
Total operating expenses 2,976 1,998
INCOME BEFORE INCOME TAXES 1,560 1,927
Current income tax provision 725 643
Deferred income tax provision 38 150
NET INCOME 797 1,134
Preferred stock dividends 19 19
INCOME ATTRIBUTABLE TO COMMON STOCK $ 778 $ 1,115
NET INCOME PER COMMON SHARE:    
Basic $ 2.02 $ 2.91
Diluted $ 2.00 $ 2.86
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic 385 383
Diluted 399 397
DIVIDENDS DECLARED PER COMMON SHARE $ 0.17 $ 0.15