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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and Cash Equivalents $ 1,278 $ 1,183
Accounts Receivable, Net 554 857
Commodity Derivative Assets, Current 456 710
Other Current Assets 244 325
Total Current Assets 2,532 3,075
Property, Plant and Equipment    
Oil and Gas Properties (Successful Efforts Method of Accounting) 27,138 25,599
Property, Plant and Equipment, Other 681 630
Total Property, Plant and Equipment, Gross 27,819 26,229
Accumulated Depreciation, Depletion and Amortization (8,996) (8,086)
Total Property, Plant and Equipment, Net 18,823 18,143
Goodwill 616 620
Other Noncurrent Assets 714 715
Total Assets 22,685 22,553
Current Liabilities    
Accounts Payable - Trade 1,222 1,578
Other Current Liabilities 834 944
Total Current Liabilities 2,056 2,522
Long-Term Debt 6,112 6,103
Deferred Income Taxes, Noncurrent 2,278 2,516
Other Noncurrent Liabilities 1,030 1,087
Total Liabilities $ 11,476 $ 12,228
Commitments and Contingencies    
Shareholders’ Equity    
Preferred Stock - Par Value $1.00 per share; 4 Million Shares Authorized, None Issued $ 0 $ 0
Common Stock - Par Value $0.01 per share; 1 Billion and 500 Million Shares Authorized, respectively; 428 Million and 402 Million Shares Issued, respectively 4 4
Additional Paid in Capital 4,778 3,624
Accumulated Other Comprehensive Loss (83) (90)
Treasury Stock, at Cost; 38 Million Shares (683) (671)
Retained Earnings 7,193 7,458
Total Shareholders’ Equity 11,209 10,325
Total Liabilities and Shareholders’ Equity $ 22,685 $ 22,553