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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES AND OTHER INCOME        
Net sales $ 3,116 $ 4,904 $ 9,674 $ 15,005
Interest, dividends and other income 31 31 88 108
Gain (loss) on sale of assets, net 99 (5) 94 520
TOTAL REVENUES AND OTHER INCOME 3,246 4,930 9,856 15,633
COSTS AND OTHER DEDUCTIONS        
Cost of sales 1,413 1,736 4,450 5,070
Selling, general and administrative and other operating expenses 292 355 950 1,101
Depreciation, depletion and amortization 1,123 1,056 3,268 3,057
Asset impairments and related items 3,397   3,721 471
Taxes other than on income 79 135 293 430
Exploration expense 5 28 23 91
Interest and debt expense, net 48 16 86 58
TOTAL COSTS AND OTHER DEDUCTIONS 6,357 3,326 12,791 10,278
Income (loss) before income taxes and other items (3,111) 1,604 (2,935) 5,355
Benefit (provision) for domestic and foreign income taxes 445 (699) 140 (2,302)
Income from equity investments 60 93 154 243
Income (loss) from continuing operations (2,606) 998 (2,641) 3,296
Discontinued operations, net (3) 213 (10) 741
Net income (loss) (2,609) 1,211 (2,651) 4,037
Less: Net income attributable to noncontrolling interest   (3)   (8)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ (2,609) $ 1,208 $ (2,651) $ 4,029
BASIC EARNINGS PER COMMON SHARE (attributable to common stock)        
Income (loss) from continuing operations (in dollars per share) $ (3.41) $ 1.28 $ (3.45) $ 4.18
Discontinued operations, net (in dollars per share) (0.01) 0.27 (0.01) 0.95
BASIC EARNINGS PER COMMON SHARE (in dollars per share) (3.42) 1.55 (3.46) 5.13
DILUTED EARNINGS PER COMMON SHARE (attributable to common stock)        
Income (loss) from continuing operations (in dollars per share) (3.41) 1.28 (3.45) 4.18
Discontinued operations, net (in dollars per share) (0.01) 0.27 (0.01) 0.95
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) (3.42) 1.55 (3.46) 5.13
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.75 $ 0.72 $ 2.22 $ 2.16