Subsequent Events	9 Months Ended
Sep. 30, 2012
Subsequent Events	Note R – Subsequent Events On October 16, 2012, the Company announced that it planned to separate its U.S. downstream business into an independent publicly traded company. This separation is currently estimated to be completed in 2013. The Company also announced a $2.50 per share special dividend to be paid on December 3, 2012 to shareholders of record on November 16, 2012. This dividend will amount to approximately a $486 million payout to shareholders. Furthermore, the Company announced a stock buyback program of up to $1 billion of the Company’s common stock. The Company expects that a significant portion of the special dividend and stock buyback program will be financed with new long-term debt.

Subsequent Events

9 Months Ended

Sep. 30, 2012

Note R – Subsequent Events

On October 16, 2012, the Company announced that it planned to separate its U.S. downstream business into an independent publicly traded company. This separation is currently estimated to be completed in 2013. The Company also announced a $2.50 per share special dividend to be paid on December 3, 2012 to shareholders of record on November 16, 2012. This dividend will amount to approximately a $486 million payout to shareholders. Furthermore, the Company announced a stock buyback program of up to $1 billion of the Company’s common stock. The Company expects that a significant portion of the special dividend and stock buyback program will be financed with new long-term debt.

- Definition

Tabular disclosure of significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, losses resulting from fire or flood, losses on receivables, significant realized and unrealized gains and losses that result from changes in quoted market prices of securities, declines in market prices of inventory, changes in authorized or issued debt (SEC), significant foreign exchange rate changes, substantial loans to insiders or affiliates, significant long-term investments, and substantial dividends not in the ordinary course of business.

+ References+ Details