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Consolidated Balance Sheets (unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and Cash Equivalents $ 1,143 $ 1,455
Accounts Receivable, Net 919 783
Other Current Assets 330 180
Total Current Assets 2,392 2,418
Property, Plant and Equipment    
Oil and Gas Properties (Successful Efforts Method of Accounting) 18,527 17,703
Property, Plant and Equipment, Other 317 294
Total Property, Plant and Equipment, Gross 18,844 17,997
Accumulated Depreciation, Depletion and Amortization (5,460) (5,215)
Total Property, Plant and Equipment, Net 13,384 12,782
Goodwill 696 696
Other Noncurrent Assets 592 548
Total Assets 17,064 16,444
Current Liabilities    
Accounts Payable - Trade 1,457 1,343
Other Current Liabilities 951 925
Total Current Liabilities 2,408 2,268
Long-Term Debt 4,088 4,100
Deferred Income Taxes, Noncurrent 2,216 2,059
Other Noncurrent Liabilities 819 752
Total Liabilities 9,531 9,179
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 $3.33 1/3 per share; 250 Million Shares Authorized; 198 Million and 197 Million Shares Issued, Respectively 659 656
Additional Paid in Capital 2,549 2,497
Accumulated Other Comprehensive Loss (98) (100)
Treasury Stock, at Cost; 19 Million Shares (651) (638)
Retained Earnings 5,074 4,850
Total Shareholders' Equity 7,533 7,265
Total Liabilities and Shareholders' Equity $ 17,064 $ 16,444