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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net Operating Revenues        
Crude Oil and Condensate $ 1,512,168 $ 953,154 $ 4,198,753 $ 2,649,034
Natural Gas Liquids 170,351 206,572 518,684 539,104
Natural Gas 426,728 576,803 1,153,433 1,760,715
Gains on Mark-to-Market Commodity Derivative Contracts 4,671 357,664 327,328 480,539
Gathering, Processing and Marketing 764,385 578,022 2,193,290 1,461,303
Gains on Asset Dispositions, Net 67,376 207,468 248,134 442,981
Other, Net 9,176 6,061 31,203 19,424
Total 2,954,855 2,885,744 8,670,825 7,353,100
Operating Expenses        
Lease and Well 253,452 248,926 765,703 680,710
Transportation Costs 164,407 108,678 431,642 308,276
Gathering and Processing Costs 26,223 18,532 72,403 55,444
Exploration Costs 45,953 48,469 136,909 140,616
Dry Hole Costs 1,924 22,604 13,005 47,231
Impairments 62,875 83,431 250,239 531,413
Marketing Costs 755,457 572,604 2,155,043 1,427,450
Depreciation, Depletion and Amortization 825,851 651,684 2,383,359 1,822,854
General and Administrative 92,870 82,260 244,866 219,703
Taxes Other Than Income 120,096 98,526 359,798 308,669
Total 2,349,108 1,935,714 6,812,967 5,542,366
Operating Income 605,747 950,030 1,857,858 1,810,734
Other Income, Net 7,596 1,377 22,902 11,205
Income Before Interest Expense and Income Taxes 613,343 951,407 1,880,760 1,821,939
Interest Expense, Net 53,154 52,186 154,198 153,772
Income Before Income Taxes 560,189 899,221 1,726,562 1,668,167
Income Tax Provision 204,698 358,343 651,284 697,742
Net Income 355,491 540,878 1,075,278 970,425
Net Income Per Share        
Basic $ 1.33 $ 2.03 $ 4.03 $ 3.71
Diluted $ 1.31 $ 2.01 $ 3.98 $ 3.66
Dividends Declared per Common Share $ 0.17 $ 0.16 $ 0.51 $ 0.48
Average Number of Common Shares        
Basic 267,941 266,053 267,136 261,664
Diluted 270,982 269,292 270,328 265,245
Comprehensive Income        
Net Income 355,491 540,878 1,075,278 970,425
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 50,426 (119,338) 48,262 (63,823)
Foreign Currency Swap 1,708 646 2,338 462
Income Tax Related to Foreign Currency Swap (646) (166) (597) (114)
Interest Rate Swap (318) (2,503) (682) (6,612)
Income Tax Related to Interest Rate Swap 114 901 245 2,378
Other 29 28 87 86
Other Comprehensive Income (Loss) 51,313 (120,432) 49,653 (67,623)
Comprehensive Income $ 406,804 $ 420,446 $ 1,124,931 $ 902,802