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Basis of Presentation (Details) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Other Revenues [Abstract]          
Other Revenues $ 1 $ 0 $ 0 $ 33 [1]  
Production Expense          
Lease Operating Expense 103 89 309 251  
Production and Ad Valorem Taxes 31 38 112 108  
Transportation and Gathering Expense 24 15 71 47  
Total 158 142 492 406  
Other Operating (Income) Expense, Net          
Deepwater Gulf of Mexico Moratorium Expense 0 [2] (1) [2] 0 [2] 18 [2]  
Electricity Generation Expense 0 0 0 26 [1]  
Other, Net (1) 3 19 1  
Total (1) 2 19 45  
Other Non-Operating (Income) Expense, Net          
Deferred Compensation (Income) Expense 7 [3] (18) [3] (1) [3] (15) [3]  
Interest Income (1) (2) (1) (7)  
Other (Income) Expense, Net (2) 4 4 6  
Total 4 (16) 2 (16)  
Accounts Receivable, Net          
Commodity Sales 264   264   356
Joint Interest Billings 295   295   313
Other 136   136   123
Allowance for Doubtful Accounts (9)   (9)   (9)
Total 686   686   783
Other Current Assets          
Inventories, Current 88   88   78
Commodity Derivative Assets 35   35   10
Deferred Income Taxes, Net 104 [4]   104 [4]   41 [4]
Probable Insurance Claims 39 [5]   39 [5]   15 [5]
Assets Held-for-Sale 73 [6]   73 [6]   0
Prepaid Expense and Other Current Assets 83   83   36
Total 422   422   180
Other Noncurrent Assets          
Equity Method Investments 363   363   329
Mutual Fund Investments 110   110   99
Commodity Derivative Assets 24   24   37
Other Assets, Noncurrent 128   128   83
Total 625   625   548
Other Current Liabilities          
Production and Ad Valorem Taxes 117   117   121
Commodity Derivative Liabilities 16   16   76
Income Taxes Payable 209   209   127
Asset Retirement Obligations 41   41   33
Interest Payable 40   40   56
CONSOL Installment Payment 322 [7]   322 [7]   324 [7]
Current Portion of FPSO Lease Obligation 48   48   45
Liabilities Associated with Assets Held for Sale 34 [6]   34 [6]   0
Other 187   187   143
Total 1,014   1,014   925
Other Noncurrent Liabilities          
Deferred Compensation Liabilities 237   237   222
Asset Retirement Obligations 279   279   344
Accrued Benefit Costs 88   88   88
Commodity Derivative Liabilities 5   5   7
Other 82   82   91
Total $ 691   $ 691   $ 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 primarily 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] Amounts relate to rig stand-by expense incurred prior to receiving a permit to resume drilling activities in the deepwater Gulf of Mexico.
[3] Amounts represent increases (decreases) in the fair value of shares of our common stock held in a rabbi trust.
[4] 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.
[5] 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.
[6] Assets held for sale consists primarily of oil and gas properties and liabilities held for sale consists primarily of asset retirement obligations.
[7] See Note 3. Acquisitions and Dispositions and Note 5. Debt.