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Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Oil, gas and NGL sales $ 2,200 $ 1,782 $ 4,060 $ 3,852
Oil, gas and NGL derivatives 416 45 248 665
Marketing and midstream revenues 604 405 1,059 935
Total revenues 3,220 2,232 5,367 5,452
Expenses and other, net:        
Lease operating expenses 453 442 877 856
Taxes other than income taxes 120 92 228 193
Marketing and midstream operating costs and expenses 456 280 789 677
Depreciation, depletion and amortization of oil and gas properties 485 426 927 852
Depreciation and amortization of non-oil and gas properties 65 63 129 126
Accretion of asset retirement obligations 23 24 46 50
General and administrative expenses 135 130 265 268
Restructuring costs 6 (8) 1 (8)
Interest expense 85 111 166 197
Interest-rate and other financial instruments 25 81 8 66
Other, net (11) (22) (27) (26)
Total expenses and other, net 1,842 1,619 3,409 3,251
Earnings from continuing operations before income taxes 1,378 613 1,958 2,201
Income tax expense (benefit):        
Current 36 707 (53) 1,006
Deferred 1,158 (446) 1,438 (231)
Total income tax expense 1,194 261 1,385 775
Earnings from continuing operations 184 352 573 1,426
Discontinued operations:        
Earnings from discontinued operations before income taxes 2,558 473 2,588 610
Discontinued operations income tax (benefit) expense (1) 119 2 138
Earnings from discontinued operations 2,559 354 2,586 472
Net earnings $ 2,743 $ 706 $ 3,159 $ 1,898
Basic net earnings per share:        
Basic earnings from continuing operations per share $ 0.44 $ 0.79 $ 1.35 $ 3.20
Basic earnings from discontinued operations per share $ 6.06 $ 0.80 $ 6.09 $ 1.06
Basic net earnings per share $ 6.50 $ 1.59 $ 7.44 $ 4.26
Diluted net earnings per share:        
Diluted earnings from continuing operations per share $ 0.43 $ 0.79 $ 1.34 $ 3.19
Diluted earnings from discontinued operations per share $ 6.05 $ 0.79 $ 6.07 $ 1.05
Diluted net earnings per share $ 6.48 $ 1.58 $ 7.41 $ 4.24