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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Sales and other operating revenues $ 28,616,331 $ 27,582,423 [1] $ 20,092,836 [1]
Gain (loss) on sale of assets (1,258) 22,679 [1] 884 [1]
Interest and other income (loss) 10,973 33,019 [1] (57,570) [1]
Total revenues 28,626,046 27,638,121 [1] 20,036,150 [1]
Costs and Expenses      
Crude oil and product purchases 22,449,306 21,875,297 [1] 15,351,318 [1]
Operating expenses 2,127,503 1,964,891 [1] 1,651,623 [1]
Exploration expenses, including undeveloped lease amortization 380,924 489,346 [1] 276,089 [1]
Selling and general expenses 354,493 297,520 [1] 256,471 [1]
Depreciation, depletion and amortization 1,375,577 1,079,750 [1] 1,092,107 [1]
Impairment of properties 260,988 368,600 [1] 0 [1]
Accretion of asset retirement obligations 39,341 34,724 [1] 29,580 [1]
Redetermination of Terra Nova working interest 0 (5,351) [1],[2] 18,582 [1],[2]
Interest expense 54,105 55,831 [1] 53,172 [1]
Interest capitalized (39,173) (15,131) [1] (18,444) [1]
Total costs and expenses 27,003,064 26,145,477 [1] 18,710,498 [1]
Income from continuing operations before income taxes 1,622,982 1,492,644 [1] 1,325,652 [1]
Income tax expense 658,936 763,173 [1] 576,572 [1]
Income from continuing operations 964,046 729,471 [1] 749,080 [1]
Income from discontinued operations, net of income taxes 6,830 143,231 [1] 49,001 [1]
Net Income $ 970,876 $ 872,702 [1] $ 798,081 [1]
Income per Common Share - Basic      
Income from continuing operations $ 4.97 $ 3.77 [1] $ 3.90 [1]
Income from discontinued operations $ 0.04 $ 0.74 [1] $ 0.26 [1]
Net Income - Basic $ 5.01 $ 4.51 [1] $ 4.16 [1]
Income per Common Share - Diluted      
Income from continuing operations $ 4.95 $ 3.75 [1] $ 3.88 [1]
Income from discontinued operations $ 0.04 $ 0.74 [1] $ 0.25 [1]
Net Income - Diluted $ 4.99 $ 4.49 [1] $ 4.13 [1]
Average Common shares outstanding - basic 193,902,335 193,409,621 [1] 191,830,357 [1]
Average Common shares outstanding - diluted 194,668,737 194,512,402 [1] 193,157,814 [1]
[1] Reclassified to conform to current presentation.
[2] Results exclude corporate overhead, interest and discontinued operations.