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STATEMENT OF CONSOLIDATED OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES AND OTHER:                      
Oil and gas production revenues                 $ 16,947 $ 16,810 $ 12,183
Other                 131 78 (91)
Total revenues and other 4,391 4,179 3,972 4,536 4,297 4,328 4,338 3,925 17,078 16,888 12,092
Depreciation, depletion, and amortization:                      
Recurring                 5,183 4,095 3,083
Additional                 1,926 109  
Asset retirement obligation accretion                 232 154 111
Lease operating expenses                 2,968 2,605 2,032
Gathering and transportation                 303 296 178
Taxes other than income                 862 899 690
General and administrative                 531 459 380
Merger, acquisitions & transition                 31 20 183
Financing costs, net                 165 158 229
Total operating expenses                 12,201 8,795 6,886
INCOME BEFORE INCOME TAXES                 4,877 8,093 5,206
Current income tax provision                 2,199 2,263 1,222
Deferred income tax provision                 677 1,246 952
NET INCOME 668 180 356 797 1,189 1,002 1,259 1,134 2,001 4,584 3,032
Preferred stock dividends                 76 76 32
INCOME ATTRIBUTABLE TO COMMON STOCK $ 649 $ 161 $ 337 $ 778 $ 1,170 $ 983 $ 1,240 $ 1,115 $ 1,925 $ 4,508 $ 3,000
NET INCOME PER COMMON SHARE:                      
Basic $ 1.66 $ 0.41 $ 0.87 $ 2.02 $ 3.05 $ 2.56 $ 3.23 $ 2.91 $ 4.95 $ 11.75 $ 8.53
Diluted $ 1.64 $ 0.41 $ 0.86 $ 2.00 $ 2.98 $ 2.50 $ 3.17 $ 2.86 $ 4.92 $ 11.47 $ 8.46
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:                      
Basic                 389 384 352
Diluted                 391 400 359
DIVIDENDS DECLARED PER COMMON SHARE                 $ 0.68 $ 0.60 $ 0.60