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Consolidated Statements of Income (USD $)
In Millions, 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
Revenues and other income:        
Sales and other operating revenues, including related party $ 2,316 $ 2,334 $ 6,735 $ 7,295
Marketing revenues 554 666 1,713 1,595
Income from equity method investments 89 114 346 309
Net loss on disposal of assets (3) (6) (88) (4)
Other income 15 19 55 38
Total revenues and other income 2,971 3,127 8,761 9,233
Costs and expenses:        
Production 593 540 1,697 1,625
Marketing, including purchases from related parties 554 663 1,710 1,590
Other operating 99 115 303 283
Exploration 96 83 314 665
Depreciation, depletion and amortization 737 657 2,060 1,914
Impairments 109 11 130 49
Taxes other than income 115 89 319 264
General and administrative 160 143 486 465
Total costs and expenses 2,463 2,301 7,019 6,855
Income from operations 508 826 1,742 2,378
Net interest and other (55) (71) (180) (211)
Income from continuing operations before income taxes 453 755 1,562 2,167
Provision for income taxes 149 359 500 1,372
Income from continuing operations 304 396 1,062 795
Discontinued operations 127 173 1,058 583
Net income $ 431 $ 569 $ 2,120 $ 1,378
Basic:        
Income from continuing operations per basic share $ 0.45 $ 0.56 $ 1.56 $ 1.13
Discontinued operations per basic share $ 0.19 $ 0.24 $ 1.55 $ 0.82
Net income, per basic share $ 0.64 $ 0.80 $ 3.11 $ 1.95
Diluted:        
Income from continuing operations per diluted share $ 0.45 $ 0.56 $ 1.55 $ 1.12
Discontinued operations per diluted share $ 0.19 $ 0.24 $ 1.55 $ 0.82
Net income, per diluted share $ 0.64 $ 0.80 $ 3.10 $ 1.94
Dividends paid, per share $ 0.21 $ 0.19 $ 0.59 $ 0.53
Weighted average common shares outstanding, basic 675 707 681 708
Weighted average common shares outstanding, diluted 678 711 684 712