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STATEMENT OF CONSOLIDATED OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES AND OTHER:        
Oil and Gas Production Revenues $ 4,141 $ 4,282 $ 12,554 $ 12,515
Other 38 46 133 76
Total revenues and other 4,179 4,328 12,687 12,591
Depreciation, depletion and amortization        
Recurring 1,300 1,045 3,803 2,984
Additional 729 20 1,898 46
Asset retirement obligation accretion 60 39 172 114
Lease operating expenses 801 661 2,178 1,946
Gathering and transportation 86 72 235 221
Taxes other than income 167 244 627 663
General and administrative 124 112 384 327
Merger, acquisitions & transition 7 4 29 15
Financing costs, net 40 37 125 123
Total operating expenses 3,314 2,234 9,451 6,439
INCOME BEFORE INCOME TAXES 865 2,094 3,236 6,152
Current income tax provision 544 473 1,729 1,692
Deferred income tax provision 141 619 174 1,065
NET INCOME 180 1,002 1,333 3,395
Preferred stock dividends 19 19 57 57
INCOME ATTRIBUTABLE TO COMMON STOCK $ 161 $ 983 $ 1,276 $ 3,338
NET INCOME PER COMMON SHARE:        
Basic $ 0.41 $ 2.56 $ 3.29 $ 8.70
Diluted $ 0.41 $ 2.50 $ 3.27 $ 8.49
WEIGHTED-AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic 391 384 388 384
Diluted 393 400 390 400
DIVIDENDS DECLARED PER COMMON SHARE $ 0.17 $ 0.15 $ 0.51 $ 0.45