Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative [Line Items]

Schedule Of Derivative Financial Instruments Included In Consolidated Comprehensive Statements Of Earnings And Consolidated Balance Sheets

The following table presents the net gains and losses by derivative financial instrument type followed by the corresponding individual consolidated comprehensive statements of earnings caption.

	Three Months Ended March 31,
	2016		2015
Commodity derivatives:	(Millions)
Oil, gas and NGL derivatives	$	33	$	294
Marketing and midstream revenues		-		2
Interest rate derivatives:
Other nonoperating items		(72)		1
Foreign currency derivatives:
Other nonoperating items		(155)		133
Net gains (losses) recognized	$	(194)	$	430

    The following table presents the derivative fair values by derivative financial instrument type followed by the corresponding individual consolidated balance sheet caption.

	March 31, 2016		December 31, 2015
	(Millions)
Commodity derivative assets:
Derivatives, at fair value	$	53	$	34
Other long-term assets		1		1
Interest rate derivative assets:
Derivatives, at fair value		1		1
Other long-term assets		1		1
Foreign currency derivative assets:
Derivatives, at fair value		-		8
Total derivative assets	$	56	$	45
Commodity derivative liabilities:
Other current liabilities	$	26	$	14
Other long-term liabilities		2		4
Interest rate derivative liabilities:
Other long-term liabilities		95		22
Foreign currency derivative liabilities:
Other current liabilities		26		8
Total derivative liabilities	$	149	$	48

Open Oil Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

	Price Swaps			Price Collars					Call Options Sold
Period	Volume (Bbls/d)	Weighted Average Price ($/Bbl)		Volume (Bbls/d)	Weighted Average Floor Price ($/Bbl)		Weighted Average Ceiling Price ($/Bbl)		Volume (Bbls/d)	Weighted Average Price ($/Bbl)
Q2 2016	30,000	$	39.24	73,000	$	33.85	$	41.59	18,500	$	73.18
Q3 2016	-	$	-	37,000	$	40.05	$	45.05	18,500	$	73.18
Q4 2016	-	$	-	-	$	-	$	-	18,500	$	73.18

	Oil Basis Swaps
Period	Index	Volume (Bbls/d)	Weighted Average Differential to WTI ($/Bbl)
Q2-Q4 2016	Western Canadian Select	37,985	$	(13.36)
Q2-Q4 2016	West Texas Sour	5,000	$	(0.53)
Q2-Q4 2016	Midland Sweet	13,000	$	0.25

Open Natural Gas Derivative Positions [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

	Price Swaps			Price Collars					Call Options Sold
Period	Volume (MMBtu/d)	Weighted Average Price ($/MMBtu)		Volume (MMBtu/d)	Weighted Average Floor Price ($/MMBtu)		Weighted Average Ceiling Price ($/MMBtu)		Volume (MMBtu/d)	Weighted Average Price ($/MMBtu)
Q2 2016	481,400	$	2.73	4,945	$	1.77	$	2.02	400,000	$	2.80
Q3 2016	-	$	-	-	$	-	$	-	400,000	$	2.80
Q4 2016	-	$	-	-	$	-	$	-	400,000	$	2.80

	Natural Gas Basis Swaps
Period	Index	Volume (MMBtu/d)	Weighted Average Differential to Henry Hub ($/MMBtu)
Q2-Q4 2016	Panhandle Eastern Pipe Line	175,000	$	(0.34)
Q2-Q4 2016	El Paso Natural Gas	125,000	$	(0.12)
Q2-Q4 2016	Houston Ship Channel	30,000	$	0.11
Q2-Q4 2016	Transco Zone 4	70,000	$	0.01
Q1-Q4 2017	Panhandle Eastern Pipe Line	150,000	$	(0.34)
Q1-Q4 2017	El Paso Natural Gas	60,000	$	(0.13)
Q1-Q4 2017	Houston Ship Channel	35,000	$	0.06
Q1-Q4 2017	Transco Zone 4	205,000	$	0.03

Gas Processing And Fractionation Open Positions [Member] | EnLink [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

Period	Product	Volume (Total)			Weighted Average Price Paid		Weighted Average Price Received
Q2 2016-Q4 2016	Ethane	415	MBbls	$	0.29/gal		Index
Q2 2016-Q1 2017	Propane	744	MBbls		Index	$	0.74/gal

Interest Rate Derivatives [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

Notional		Rate Received	Rate Paid	Expiration
(Millions)
$	100	Three Month LIBOR	0.92%	December 2016
$	100	1.76%	Three Month LIBOR	January 2019
$	750	Three Month LIBOR	2.98%	December 2048(1)

____________________________

(1) Mandatory settlement in December 2018.

Foreign Currency Derivatives [Member]

Derivative [Line Items]

Schedule Of Open Derivative Positions

Forward Contract
Currency	Contract Type	CAD Notional		Weighted Average Fixed Rate Received	Expiration
		(Millions)		(CAD-USD)
Canadian Dollar	Sell	$	1,676	0.753	June 2016