SUPPLEMENTAL QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

SUPPLEMENTAL QUARTERLY FINANCIAL DATA (Unaudited)

15. SUPPLEMENTAL QUARTERLY FINANCIAL DATA (Unaudited)

	First			Second			Third			Fourth			Total
	(In millions, except per share amounts)
2013
Revenues and other	$	3,946		$	4,268		$	3,900		$	3,446		$	15,560
Expenses(2)		3,168			3,231			3,464			3,217			13,080
Net income from continuing operations including noncontrolling interest		778			1,037			436			229			2,480
Net income (loss) from discontinued operations, net of tax		(61	)		(2	)		(130	)		1			(192	)
Net income including noncontrolling interest	$	717		$	1,035		$	306		$	230		$	2,288
Net income attributable to common stock	$	698		$	1,016		$	300		$	174		$	2,188
Basic net income per common share(1):
Net income from continuing operations	$	1.94		$	2.60		$	1.08		$	0.40		$	6.02
Net income (loss) from discontinued operations		(0.16	)		(0.01	)		(0.33	)		0.01			(0.49	)
Net income per share	$	1.78		$	2.59		$	0.75		$	0.41		$	5.53
Diluted net income per common share(1):
Net income from continuing operations	$	1.91		$	2.54		$	1.07		$	0.45		$	5.97
Net income (loss) from discontinued operations		(0.15	)		—			(0.32	)		—			(0.47	)
Net income per share	$	1.76		$	2.54		$	0.75		$	0.45		$	5.50
2012
Revenues and other	$	4,400		$	3,850		$	4,055		$	4,259		$	16,564
Expenses(2)		3,626			3,502			3,875			3,574			14,577
Net income from continuing operations including noncontrolling interest		774			348			180			685			1,987
Net income (loss) from discontinued operations, net of tax		23			8			—			(17	)		14
Net income including noncontrolling interest	$	797		$	356		$	180		$	668		$	2,001
Net income attributable to common stock	$	778		$	337		$	161		$	649		$	1,925
Basic net income per common share(1):
Net income from continuing operations	$	1.96		$	0.84		$	0.41		$	1.70		$	4.91
Net income (loss) from discontinued operations		0.06			0.03			—			(0.05	)		0.04
Net income per share	$	2.02		$	0.87		$	0.41		$	1.65		$	4.95
Diluted net income per common share(1):
Net income from continuing operations	$	1.94		$	0.84		$	0.41		$	1.70		$	4.89
Net income (loss) from discontinued operations		0.06			0.02			—			(0.05	)		0.03
Net income per share	$	2.00		$	0.86		$	0.41		$	1.65		$	4.92

⁽¹⁾  The sum of the individual quarterly net income per common share amounts may not agree with year-to-date net income per common share as each quarterly computation is based on the weighted-average number of common shares outstanding during that period.

⁽²⁾  In 2013, operating expenses include non-cash write-downs of the Company’s oil and gas properties totaling $541 million, net of tax, in the U.S. and North Sea regions and also the Company’s exit of operations in Kenya. In 2012, the Company recorded a $1.4 billion, net of tax, non-cash write-down of the carrying value of the Company’s Canadian proved oil and gas properties.