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STATEMENT OF CONSOLIDATED OPERATIONS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Oil and gas production revenues:      
Oil and gas production revenues $ 15,911 $ 16,428 $ 16,337
Derivative instrument gains (losses), net (399) (79)  
Other 48 215 114
Total revenues and other 15,560 16,564 16,451
Oil and gas property and equipment      
Recurring 4,894 4,593 3,624
Additional 995 1,926 109
Other assets 400 362 273
Asset retirement obligation accretion 238 228 150
Lease operating expenses 2,864 2,784 2,440
Gathering and transportation 288 295 289
Taxes other than income 785 818 871
General and administrative 482 515 439
Acquisitions, divestitures and transition 33 31 20
Financing costs, net 177 172 172
Total operating expenses 11,156 11,724 8,387
INCOME BEFORE INCOME TAXES 4,404 4,840 8,064
Current income tax provision 1,663 2,199 2,248
Deferred income tax provision 261 654 1,244
NET INCOME (LOSS) FROM CONTINUING OPERATIONS INCLUDING NONCONTROLLING INTEREST 2,480 1,987 4,572
Net income (loss) from discontinued operations, net of tax (192) 14 12
NET INCOME INCLUDING NONCONTROLLING INTEREST 2,288 2,001 4,584
Preferred stock dividends 44 76 76
Net income attributable to noncontrolling interest 56    
Net income attributable to common shareholders 2,188 1,925 4,508
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS:      
Net income from continuing operations attributable to common shareholders 2,380 1,911 4,496
Net income (loss) from discontinued operations (192) 14 12
Net income attributable to common shareholders 2,188 1,925 4,508
BASIC NET INCOME PER COMMON SHARE:      
Basic net income from continuing operations per share $ 6.02 $ 4.91 $ 11.72
Basic net income (loss) from discontinued operations per share $ (0.49) $ 0.04 $ 0.03
Basic net income per share $ 5.53 $ 4.95 $ 11.75
Diluted net income per common share:      
Diluted net income from continuing operations per share $ 5.97 $ 4.89 $ 11.44
Diluted net income (loss) from discontinued operations per share $ (0.47) $ 0.03 $ 0.03
Diluted net income per share $ 5.50 $ 4.92 $ 11.47
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic 395 389 384
Diluted 406 391 400
DIVIDENDS DECLARED PER COMMON SHARE $ 0.80 $ 0.68 $ 0.60
Oil Reserves [Member]
     
Oil and gas production revenues:      
Revenues 12,632 12,939 12,441
Natural Gas [Member]
     
Oil and gas production revenues:      
Revenues 2,627 2,969 3,405
Natural Gas Liquids Revenues [Member]
     
Oil and gas production revenues:      
Revenues $ 652 $ 520 $ 491