XML 30 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net Operating Revenues        
Crude Oil and Condensate $ 2,671,502 $ 2,337,742 $ 7,687,579 $ 6,132,574
Natural Gas Liquids 258,927 208,190 753,135 556,176
Natural Gas 443,108 396,123 1,508,892 1,269,604
Gains (Losses) on Mark-to-Market Commodity Derivative Contracts 469,125 (293,387) 84,119 (206,853)
Gathering, Processing and Marketing 1,196,933 872,699 3,240,139 2,755,069
Gains on Asset Dispositions, Net 60,346 8,183 75,700 185,569
Other, Net 18,675 11,846 40,279 45,956
Total 5,118,616 3,541,396 13,389,843 10,738,095
Operating Expenses        
Lease and Well 368,340 299,169 1,035,632 817,057
Transportation Costs 246,067 219,790 729,883 628,538
Gathering and Processing Costs 41,621 31,121 108,015 81,522
Exploration Costs 48,955 39,429 139,221 130,968
Dry Hole Costs 16,359 19,548 30,265 59,260
Impairments 55,542 85,917 207,938 177,432
Marketing Costs 1,213,652 876,761 3,263,471 2,746,900
Depreciation, Depletion and Amortization 1,040,018 928,800 2,983,111 2,685,719
General and Administrative 96,931 98,654 270,725 257,246
Taxes Other Than Income 204,969 172,438 606,411 458,566
Total 3,332,454 2,771,627 9,374,672 8,043,208
Operating Income 1,786,162 769,769 4,015,171 2,694,887
Other Income (Expense), Net (21,338) 11,168 (16,726) 5,867
Income Before Interest Expense and Income Taxes 1,764,824 780,937 3,998,445 2,700,754
Interest Expense        
Interest Expense, Net 49,704 59,382 151,723 182,950
Income Before Income Taxes 1,715,120 721,555 3,846,722 2,517,804
Income Tax Provision 611,502 259,057 1,375,823 900,889
Net Income 1,103,618 462,498 2,470,899 1,616,915
Net Income Per Share        
Basic $ 2.03 $ 0.85 $ 4.55 $ 3.00
Diluted $ 2.01 $ 0.85 $ 4.51 $ 2.96
Dividends Declared per Common Share $ 0.1675 $ 0.0938 $ 0.4175 $ 0.2813
Average Number of Common Shares        
Basic 543,984 540,941 543,086 539,869
Diluted 549,518 547,152 548,401 545,712
Comprehensive Income        
Net Income 1,103,618 462,498 2,470,899 1,616,915
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments (38,886) 15,106 (27,438) (18,472)
Foreign Currency Swap Transaction 0 1,459 50 2,498
Income Tax Related to Foreign Currency Swap Transaction 0 0 (670) 0
Interest Rate Swap Transaction 0 678 777 1,999
Income Tax Related to Interest Rate Swap Transaction 0 (244) (281) (719)
Other 23 27 (547) 82
Other Comprehensive Income (Loss) (38,863) 17,026 (28,109) (14,612)
Comprehensive Income $ 1,064,755 $ 479,524 $ 2,442,790 $ 1,602,303