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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net Operating Revenues        
Crude Oil and Condensate $ 2,618,975 $ 2,012,999 $ 5,016,077 $ 3,794,832
Natural Gas Liquids 247,973 178,457 494,208 347,986
Natural Gas 509,091 462,602 1,065,784 873,481
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts (229,270) 191,490 (385,006) 86,534
Gathering, Processing and Marketing 1,027,795 959,413 2,043,206 1,882,370
Gains on Asset Dispositions, Net 3,856 13,153 15,354 177,386
Other, Net 9,136 22,071 21,604 34,110
Total 4,187,556 3,840,185 8,271,227 7,196,699
Operating Expenses        
Lease and Well 346,458 268,888 667,292 517,888
Transportation Costs 240,579 224,491 483,816 408,748
Gathering and Processing Costs 32,470 25,897 66,394 50,401
Exploration Costs 42,208 47,323 90,266 91,539
Dry Hole Costs 5,558 35,750 13,906 39,712
Impairments 39,035 37,967 152,396 91,515
Marketing Costs 1,043,515 965,490 2,049,819 1,870,139
Depreciation, Depletion and Amortization 996,602 910,531 1,943,093 1,756,919
General and Administrative 90,932 80,607 173,794 158,592
Taxes Other Than Income 205,469 151,197 401,442 286,128
Total 3,042,826 2,748,141 6,042,218 5,271,581
Operating Income 1,144,730 1,092,044 2,229,009 1,925,118
Other Income (Expense), Net 7,950 4,833 4,612 (5,301)
Income Before Interest Expense and Income Taxes 1,152,680 1,096,877 2,233,621 1,919,817
Interest Expense        
Interest Expense, Net 51,867 61,647 102,019 123,568
Income Before Income Taxes 1,100,813 1,035,230 2,131,602 1,796,249
Income Tax Provision 394,460 375,538 764,321 641,832
Net Income 706,353 659,692 1,367,281 1,154,417
Net Income Per Share        
Basic $ 1.30 $ 1.22 $ 2.52 $ 2.14
Diluted $ 1.29 $ 1.21 $ 2.49 $ 2.12
Dividends Declared per Common Share $ 0.1250 $ 0.0938 $ 0.2500 $ 0.1875
Average Number of Common Shares        
Basic 543,099 540,033 542,675 539,330
Diluted 548,676 545,477 548,046 544,946
Comprehensive Income        
Net Income 706,353 659,692 1,367,281 1,154,417
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 24,378 (19,314) 11,448 (33,578)
Foreign Currency Swap Transaction 0 (662) 50 1,039
Income Tax Related to Foreign Currency Swap Transaction 0 0 (670) 0
Interest Rate Swap Transaction 0 584 777 1,321
Income Tax Related to Interest Rate Swap Transaction 0 (210) (281) (475)
Other (593) 27 (570) 55
Other Comprehensive Income (Loss) 23,785 (19,575) 10,754 (31,638)
Comprehensive Income $ 730,138 $ 640,117 $ 1,378,035 $ 1,122,779