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Consolidated Statements of Operations (unaudited) (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        
Oil, Gas and NGL Sales $ 1,112 $ 934 $ 2,196 $ 1,970
Income from Equity Method Investees 37 31 96 83
Total 1,149 965 2,292 2,053
Costs and Expenses        
Production Expense 210 168 398 331
Exploration Expense 90 167 151 227
Depreciation, Depletion and Amortization 368 325 734 619
General and Administrative 104 96 216 193
Other Operating Expense, Net 16 71 8 83
Total 788 827 1,507 1,453
Operating Income 361 138 785 600
Other (Income) Expense        
Gain on Commodity Derivative Instruments (161) (276) (89) (180)
Interest, Net of Amount Capitalized 33 27 58 59
Other Non-Operating (Income) Expense, Net 3 (3) 12 (3)
Total (125) (252) (19) (124)
Income from Continuing Operations Before Income Taxes 486 390 804 724
Income Tax Provision 128 115 214 200
Income from Continuing Operations 358 275 590 524
Discontinued Operations, Net of Tax 19 17 49 32
Net Income $ 377 $ 292 $ 639 $ 556
Earnings Per Share, Basic [Abstract]        
Income from Continuing Operations (in dollars per share) $ 1.00 $ 0.77 $ 1.64 $ 1.47
Discontinued Operations, Net of Tax (in dollars per share) $ 0.05 $ 0.05 $ 0.14 $ 0.09
Net Income (in dollars per share) $ 1.05 $ 0.82 $ 1.78 $ 1.56
Earnings Per Share, Diluted [Abstract]        
Income from Continuing Operations (in dollars per share) $ 0.99 $ 0.74 $ 1.63 $ 1.44
Discontinued Operations, Net of Tax (in dollars per share) $ 0.05 $ 0.05 $ 0.13 $ 0.09
Net Income (in dollars per share) $ 1.04 $ 0.79 $ 1.76 $ 1.53
Weighted Average Number of Shares Outstanding, Basic (in shares) 359 356 358 355
Weighted Average Number of Shares Outstanding, Diluted (in shares) 363 361 362 360