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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues and Other      
Natural-gas sales $ 3,300 $ 3,420 $ 2,924
Oil and condensate sales 8,072 5,592 4,022
Natural-gas liquids sales 1,462 997 536
Gathering, processing, and marketing sales 1,048 833 728
Gains (losses) on divestitures and other, net 85 142 133
Reversal of accrual for Deepwater Royalty Relief Act dispute     657
Total 13,967 10,984 9,000
Costs and Expenses      
Oil and gas operating 993 830 859
Oil and gas transportation and other 891 816 664
Exploration 1,076 974 1,107
Gathering, processing, and marketing 791 615 617
General and administrative 1,060 967 983
Depreciation, depletion, and amortization 3,830 3,714 3,532
Other taxes 1,492 1,068 746
Impairments 1,774 216 115
Deepwater Horizon settlement and related costs 3,930 [1] 15 [1]  
Total 15,837 9,215 8,623
Operating Income (Loss) (1,870) 1,769 377
Other (Income) Expense      
Interest expense 839 855 702
Other (income) expense, net 254 (119) (43)
Total 1,554 128 485
Income (Loss) Before Income Taxes (3,424) 1,641 (108)
Income Tax Expense (Benefit) (856) 820 (5)
Net Income (Loss) (2,568) 821 (103)
Net Income Attributable to Noncontrolling Interests 81 60 32
Net Income (Loss) Attributable to Common Stockholders (2,649) 761 (135)
Per Common Share:      
Net income (loss) attributable to common stockholders - basic $ (5.32) $ 1.53 $ (0.28)
Net income (loss) attributable to common stockholders - diluted $ (5.32) $ 1.52 $ (0.28)
Average Number of Common Shares Outstanding - Basic 498 495 480
Average Number of Common Shares Outstanding - Diluted 498 497 480
Dividends (per Common Share) $ 0.36 $ 0.36 $ 0.36
Commodity Contract [Member] | (Gains) Losses on Commodity Derivatives, Net [Member]
     
(Gains) losses on derivative instruments, net (562) (893) 408
Interest Rate Contract and Other [Member] | (Gains) Losses on Other Derivatives, Net [Member]
     
(Gains) losses on derivative instruments, net $ 1,023 $ 285 $ (582)
[1] In the third quarter of 2011, the Company revised the definition of Adjusted EBITDAX to exclude the Deepwater Horizon settlement and related costs. The prior periods have been adjusted to reflect this change.