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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES    
Sales and other operating revenues $ 6,647,944 $ 6,953,861 [1]
Gain on sale of assets 40 90 [1]
Interest and other income (loss) (8,030) 2,985 [1]
Total revenues 6,639,954 6,956,936 [1]
COSTS AND EXPENSES    
Crude oil and product purchases 4,999,645 5,514,379 [1]
Operating expenses 599,102 488,485 [1]
Exploration expenses, including undeveloped lease amortization 108,493 52,927 [1]
Selling and general expenses 109,742 88,159 [1]
Depreciation, depletion and amortization 393,754 332,588 [1]
Accretion of asset retirement obligations 12,165 9,446 [1]
Interest expense 27,028 11,739 [1]
Interest capitalized (13,388) (6,423) [1]
Total costs and expenses 6,236,541 6,491,300 [1]
Income from continuing operations before income taxes 403,413 465,636 [1]
Income tax expense 195,443 184,198 [1]
Income from continuing operations 207,970 281,438 [1]
Income from discontinued operations, net of taxes 152,629 8,633 [1]
NET INCOME $ 360,599 $ 290,071 [1]
NET INCOME PER COMMON - BASIC    
Income from continuing operations $ 1.09 $ 1.45 [1]
Income from discontinued operations $ 0.80 $ 0.05 [1]
Net income $ 1.89 $ 1.50 [1]
NET INCOME PER COMMON - DILUTED    
Income from continuing operations $ 1.08 $ 1.44 [1]
Income from discontinued operations $ 0.80 $ 0.05 [1]
Net income $ 1.88 $ 1.49 [1]
Average Common shares outstanding    
Basic 190,810,201 193,922,260 [1]
Diluted 191,765,395 194,884,733 [1]
[1] Reclassified to conform to current presentation.