ASSET RETIREMENT OBLIGATION (Tables)

9 Months Ended

Sep. 30, 2013

Asset Retirement Obligation Disclosure [Abstract]

The following table describes changes to the Company’s asset retirement obligation (ARO) liability for the nine-month period ended September 30, 2013:


	(In millions)
Asset retirement obligation at December 31, 2012	$	4,578
Liabilities incurred		383
Liabilities acquired		53
Liabilities divested		(1,563	)
Liabilities settled		(396	)
Accretion expense		196
Revisions in estimated liabilities		11

Asset retirement obligation at September 30, 2013		3,262
Less current portion		(139	)

Asset retirement obligation, long-term	$	3,123