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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net Income $ 1,091,123 $ 160,654 $ 546,627
Items Not Requiring (Providing) Cash      
Depreciation, Depletion and Amortization 2,516,381 1,941,926 1,549,188
Impairments 1,031,037 742,647 305,832
Stock-Based Compensation Expenses 128,345 107,378 95,180
Deferred Income Taxes 499,300 76,245 174,392
Gains on Asset Dispositions, Net (492,909) (223,538) (535,436)
Other, Net 15,139 (468) 6,761
Dry Hole Costs 53,230 72,486 51,243
Mark-to-Market Commodity Derivative Contracts      
Total Gains (626,053) (61,912) (431,757)
Realized Gains 180,701 7,033 1,277,584
Excess Tax Benefits from Stock-Based Compensation 0 0 (76,134)
Other, Net 26,454 17,273 18,862
Changes in Components of Working Capital and Other Assets and Liabilities      
Accounts Receivable (339,780) (339,126) (47,818)
Inventories (176,623) (171,971) (50,146)
Accounts Payable 351,087 654,688 (153,565)
Other Assets (23,625) (32,169) (5,515)
Other Liabilities 14,986 19,342 (12,305)
Changes in Components of Working Capital Associated with Investing and Financing Activities 237,028 (208,968) 118,517
Net Cash Provided by Operating Activities 4,578,410 2,708,602 2,922,439
Investing Cash Flows      
Additions to Oil and Gas Properties (6,294,397) (5,210,612) (3,176,783)
Additions to Other Property, Plant and Equipment (656,415) (370,770) (326,226)
Acquisition of Galveston LNG Inc. 0 (210,000) 0
Proceeds from Sales of Assets 1,433,137 672,593 212,000
Changes in Components of Working Capital Associated with Investing Activities (237,267) 208,933 (118,221)
Other, Net 0 7,082 (5,321)
Net Cash Used in Investing Activities (5,754,942) (4,902,774) (3,414,551)
Financing Cash Flows      
Common Stock Sold 1,388,265 0 0
Long-Term Debt Borrowings 0 2,478,659 900,000
Long-Term Debt Repayments (220,000) (37,000) 0
Dividends Paid (167,169) (153,240) (142,260)
Excess Tax Benefits from Stock-Based Compensation 0 0 76,134
Treasury Stock Purchased (23,922) (11,295) (10,986)
Proceeds from Stock Options Exercised and Employee Stock Purchase Plan 35,913 34,560 20,465
Debt Issuance Costs (4,787) (8,300) (8,895)
Other, Net 239 35 (296)
Net Cash Provided by Financing Activities 1,008,539 2,303,419 834,162
Effect of Exchange Rate Changes on Cash (5,134) (6,145) 12,390
(Decrease) Increase in Cash and Cash Equivalents (173,127) 103,102 354,440
Cash and Cash Equivalents at Beginning of Year 788,853 685,751 331,311
Cash and Cash Equivalents at End of Year $ 615,726 $ 788,853 $ 685,751