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Consolidated Statements of Operations (unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues    
Oil, Gas and NGL Sales$ 874$ 704$ 2,599$ 2,102
Income from Equity Method Investees503414685
Other Revenues0173352
Total9247552,7782,239
Costs and Expenses    
Production Expense153141449430
Exploration Expense5735195167
Depreciation, Depletion and Amortization225231681662
General and Administrative8965254194
Gain on Divestitures0(114)[1](26)[1](114)[1]
Asset Impairments0100[2]139[2]100[2]
Other Operating (Income) Expense, Net244559
Total5264621,7371,498
Operating Income3982931,041741
Other (Income) Expense    
Gain on Commodity Derivative Instruments(322)(38)(179)(280)
Interest, Net of Amount Capitalized14215160
Other Non-Operating (Income) Expense, Net(16)12(16)(1)
Total(324)(5)(144)(221)
Income Before Income Taxes7222981,185962
Income Tax Provision28166436289
Net Income$ 441$ 232$ 749$ 673
Earnings Per Share, Basic (in dollars per share)$ 2.50$ 1.33$ 4.25$ 3.86
Earnings Per Share, Diluted (in dollars per share)$ 2.39$ 1.31$ 4.12$ 3.80
Weighted Average Number of Shares Outstanding, Basic (in shares)177175176175
Weighted Average Number of Shares Outstanding, Diluted (in shares)180177179178
[1]See Note 3. Acquisitions and Divestitures.
[2]See Note 4. Asset Impairments.