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Statement of Consolidated Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES AND OTHER:        
Oil and gas production revenues $ 4,119 $ 3,956 $ 8,265 $ 8,413
Derivative instrument gains (losses), net 247   147  
Other 17 16 47 95
Total revenues and other 4,383 3,972 8,459 8,508
Oil and gas property and equipment        
Recurring 1,311 1,194 2,576 2,329
Additional   648 65 1,169
Other Assets 93 90 198 174
Asset retirement obligation accretion 65 57 130 112
Lease operating expenses 829 704 1,600 1,377
Gathering and transportation 80 72 154 149
Taxes other than income 183 203 425 460
General and administrative 133 132 249 260
Merger, acquisitions & transition   16   22
Financing costs, net 51 45 104 85
Total operating expenses 2,745 3,161 5,501 6,137
INCOME BEFORE INCOME TAXES 1,638 811 2,958 2,371
Current income tax provision 284 460 781 1,185
Deferred income tax provision (benefit) 319 (5) 425 33
NET INCOME 1,035 356 1,752 1,153
Preferred stock dividends 19 19 38 38
INCOME ATTRIBUTABLE TO COMMON STOCK $ 1,016 $ 337 $ 1,714 $ 1,115
NET INCOME PER COMMON SHARE:        
Basic $ 2.59 $ 0.87 $ 4.37 $ 2.88
Diluted $ 2.54 $ 0.86 $ 4.30 $ 2.86
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic 392 389 392 387
Diluted 408 390 408 403
DIVIDENDS DECLARED PER COMMON SHARE $ 0.20 $ 0.17 $ 0.40 $ 0.34