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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES AND OTHER INCOME        
Net sales $ 6,449 $ 5,965 $ 18,283 $ 18,001
Interest, dividends and other income 26 26 89 65
Gain on sale of equity investment     131  
TOTAL REVENUES AND OTHER INCOME 6,475 5,991 18,503 18,066
COSTS AND OTHER DEDUCTIONS        
Cost of sales 3,214 3,176 9,531 9,186
Selling, general and administrative and other operating expenses 459 394 1,347 1,163
Taxes other than on income 186 172 568 513
Exploration expense 68 69 196 263
Interest and debt expense, net 29 36 93 94
TOTAL COSTS AND OTHER DEDUCTIONS 3,956 3,847 11,735 11,219
Income before income taxes and other items 2,519 2,144 6,768 6,847
Provision for domestic and foreign income taxes (1,037) (855) (2,782) (2,869)
Income from equity investments 106 90 288 293
Income from continuing operations 1,588 1,379 4,274 4,271
Discontinued operations, net (5) (4) (14) (9)
NET INCOME $ 1,583 $ 1,375 $ 4,260 $ 4,262
BASIC EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.97 $ 1.70 $ 5.30 $ 5.26
Discontinued operations, net (in dollars per share) $ (0.01) $ (0.01) $ (0.02) $ (0.01)
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.96 $ 1.69 $ 5.28 $ 5.25
DILUTED EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.97 $ 1.70 $ 5.30 $ 5.26
Discontinued operations, net (in dollars per share) $ (0.01) $ (0.01) $ (0.02) $ (0.01)
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.96 $ 1.69 $ 5.28 $ 5.25
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.64 $ 0.54 $ 1.92 $ 1.62