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Shareholders' Equity

6 Months Ended

Jun. 30, 2011

Note 5. Shareholders' Equity

The following tables summarize our shareholders' equity activity.

							Noncontrolling
	Total			Company			interest in
	shareholders'			shareholders'			consolidated
Millions of dollars	equity			equity			subsidiaries
Balance at December 31, 2010	$	10,387		$	10,373		$	14
Transactions with shareholders		181			181			-
Comprehensive income:
Net income		1,252			1,250			2
Other comprehensive income		3			3			-
Total comprehensive income		1,255			1,253			2
Payments of dividends to shareholders		(165	)		(165	)		-
Balance at June 30, 2011	$	11,658		$	11,642		$	16

							Noncontrolling
	Total			Company			interest in
	shareholders'			shareholders'			consolidated
Millions of dollars	equity			equity			subsidiaries
Balance at December 31, 2009	$	8,757		$	8,728		$	29
Transactions with shareholders		96			98			(2	)
Comprehensive income:
Net income		690			686			4
Other comprehensive income		4			4			-
Total comprehensive income		694			690			4
Payments of dividends to shareholders		(163	)		(163	)		-
Balance at June 30, 2010	$	9,384		$	9,353		$	31

The following table summarizes comprehensive income for the quarterly periods presented.

	Three Months Ended
	June 30
Millions of dollars	2011		2010
Net income	$	741	$	483
Other comprehensive income (loss)		1		(3	)
Total comprehensive income	$	742	$	480
Comprehensive income attributable to noncontrolling interest		2		3
Comprehensive income attributable to company		740		477

Accumulated other comprehensive loss consisted of the following:

	June 30,		December 31,
Millions of dollars	2011		2010
Defined benefit and other postretirement liability adjustments	$	(176)	$	(175)
Cumulative translation adjustments		(64)		(66)
Unrealized gains on investments		3		1
Total accumulated other comprehensive loss	$	(237)	$	(240)

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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