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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Jun. 30, 2014
Pending Litigation [Member]
Deepwater Horizon [Member]
Dec. 31, 2013
Pending Litigation [Member]
Deepwater Horizon [Member]
Jun. 30, 2014
Pending Litigation [Member]
Tronox Litigation [Member]
Mar. 31, 2014
Pending Litigation [Member]
Tronox Litigation [Member]
Dec. 31, 2013
Pending Litigation [Member]
Tronox Litigation [Member]
Current Assets              
Cash and cash equivalents $ 5,365 $ 3,698          
Accounts receivable (net of allowance of $7 million and $5 million)              
Customers 1,484 1,481          
Others 1,595 1,241          
Other current assets 536 688          
Total 8,980 7,108          
Properties and Equipment              
Cost 72,529 71,244          
Less accumulated depreciation, depletion, and amortization 31,042 30,315          
Net properties and equipment 41,487 40,929          
Other Assets 2,352 2,082          
Goodwill and Other Intangible Assets 5,595 5,662          
Total Assets 58,414 55,781          
Current Liabilities              
Accounts payable 3,979 3,530          
Current asset retirement obligations 511 409          
Accrued expenses 1,009 1,264          
Current portion of long-term debt 0 500          
Litigation-related contingent liability     92 0 5,169 5,150 0
Total 10,760 5,703          
Long-term Debt 13,414 13,065          
Other Long-term Liabilities              
Deferred income taxes 9,186 9,245          
Asset retirement obligations 1,499 1,613          
Tronox-related contingent liability         0   850
Other 2,383 1,655          
Total 13,068 13,363          
Stockholders' equity              
Common stock, par value $0.10 per share (1.0 billion shares authorized, 525.1 million and 522.5 million shares issued) 52 52          
Paid-in capital 8,798 8,629          
Retained earnings 11,684 14,356          
Treasury stock (19.2 million and 18.8 million shares) (930) (895)          
Accumulated other comprehensive income (loss) (273) (285)          
Total Stockholders’ Equity 19,331 21,857          
Noncontrolling interests 1,841 1,793          
Total Equity 21,172 23,650          
Total Liabilities and Equity $ 58,414 $ 55,781