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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Current Assets    
Cash and Cash Equivalents $ 1,455 $ 1,081
Accounts Receivable, Net 783 556
Other Current Assets 180 201
Total Assets, Current 2,418 1,838
Property, Plant and Equipment    
Oil and Gas Properties (Successful Efforts Method of Accounting) 17,703 14,393
Property, Plant and Equipment, Other 294 263
Total Property, Plant and Equipment, Gross 17,997 14,656
Accumulated Depreciation, Depletion and Amortization (5,215) (4,392)
Total Property, Plant and Equipment, Net 12,782 10,264
Goodwill 696 696
Other Noncurrent Assets 548 484
Total Assets 16,444 [1] 13,282 [1]
Current Liabilities    
Accounts Payable - Trade 1,343 927
Other Current Liabilities 925 495
Total Liabilities, Current 2,268 1,422
Long-Term Debt 4,100 2,272
Deferred Income Taxes, Noncurrent 2,059 2,110
Other Noncurrent Liabilities 752 630
Total Liabilities 9,179 6,434
Commitments and Contingencies      
Shareholders' Equity    
Preferred Stock - Par Value $1.00; 4 Million Shares Authorized, None Issued 0 0
Common Stock - Par Value $3.33 1/3; 250 Million Shares Authorized; 197 Million and 195 Million Shares Issued, Respectively 656 651
Additional Paid in Capital 2,497 2,385
Accumulated Other Comprehensive Loss (100) (104)
Treasury Stock, at Cost; 19 Million Shares (638) (624)
Retained Earnings 4,850 4,540
Total Shareholders' Equity 7,265 6,848
Total Liabilities and Shareholders' Equity $ 16,444 $ 13,282
[1] Long-lived assets located in all foreign countries, in total, were $3.5 billion, $2.4 billion, and $1.6 billion at December 31, 2011, 2010, and 2009, respectively.