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Basis of Presentation (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Other Revenues [Abstract]          
Other Revenues $ 0 [1] $ 11 [1] $ 0 [1] $ 33 [1]  
Production Expense          
Lease Operating Expense 100 83 205 163  
Production and Ad Valorem Taxes 44 39 81 70  
Transportation and Gathering Expense 25 15 48 31  
Total 169 137 334 264  
Other Operating (Income) Expense, Net          
Deepwater Gulf of Mexico Moratorium Expense 0 [2] 1 [2] 0 [2] 19 [2]  
Electricity Generation Expense 0 [1] 9 [1] 0 [1] 26 [1]  
Gain on Divestitures (9) (25) [3] (9) (26) [3]  
Other, Net 7 4 19 (1)  
Total (2) (11) 10 18  
Other Non-Operating (Income) Expense, Net          
Deferred Compensation (Income) Expense (11) [4] (7) [4] (8) [4] 3 [4]  
Interest Income 0 (2) 0 (5)  
Other (Income) Expense, Net 8 0 5 2  
Total (3) (9) (3) 0  
Accounts Receivable, Net          
Commodity Sales 319   319   356
Joint Interest Billings 394   394   313
Other 120   120   123
Allowance for Doubtful Accounts (9)   (9)   (9)
Total 824   824   783
Other Current Assets          
Inventories, Current 67   67   78
Commodity Derivative Assets 85   85   10
Deferred Income Taxes, Net 100 [5]   100 [5]   41 [5]
Probable Insurance Claims 31 [6]   31 [6]   15 [6]
Prepaid Expenses and Other Current Assets 85   85   36
Total 368   368   180
Other Noncurrent Assets          
Equity Method Investments 373   373   329
Mutual Fund Investments 104   104   99
Commodity Derivative Assets 85   85   37
Other Assets, Noncurrent 80   80   83
Total 642   642   548
Other Current Liabilities          
Production and Ad Valorem Taxes 119   119   121
Commodity Derivative Liabilities 2   2   76
Income Taxes Payable 107   107   127
Asset Retirement Obligations 45   45   33
Interest Payable 55   55   56
CONSOL Installment Payment 327 [7]   327 [7]   324 [7]
Current Portion of FPSO Lease Obligation 53   53   45
Liabilities Associated with Assets Held for Sale 234   234   0
Other 118   118   143
Total 1,060   1,060   925
Other Noncurrent Liabilities          
Deferred Compensation Liabilities 224   224   222
Asset Retirement Obligations 298   298   344
Accrued Benefit Costs 89   89   88
Commodity Derivative Liabilities 0   0   7
Other 72   72   91
Total $ 683   $ 683   $ 752
Common stock, shares authorized (in shares) 500,000,000   500,000,000   250,000,000
Common stock, par value per share (in dollars per share) $ 0.01   $ 0.01   $ 3.333
[1] Other revenues consist of electricity sales from the Machala power plant, located in Machala, Ecuador, through May 2011. Electricity generation expense includes all operating and non-operating expenses associated with the plant, including depreciation and changes in the allowance for doubtful accounts. In May 2011, we transferred our assets in Ecuador to the Ecuadorian government.
[2] Amount relates to rig stand-by expense incurred prior to receiving a permit to resume drilling activities in the deepwater Gulf of Mexico.
[3] Amount relates primarily to the transfer of our Ecuador assets to the Ecuadorian government. See Note 2. Basis of Presentation.
[4] Amounts represent increases (decreases) in the fair value of shares of our common stock held in a rabbi trust.
[5] Increase from December 31, 2011 is due to reclassification of deferred income tax assets from long-term to short-term as certain foreign entities are estimated to begin utilizing net operating loss carryforwards in 2012 and 2013.
[6] Amounts represent the costs incurred to date of the Leviathan-2 appraisal well and expected well abandonment costs in excess of the insurance deductible less insurance proceeds received to date. See Note 9. Asset Retirement Obligations.
[7] See Note 3. Acquisitions and Dispositions and Note 5. Debt.