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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
(Gains) losses on derivative instruments, net $ 259 $ 622 $ (59) $ 631
Revenues and Other        
Natural-gas sales 613 840 1,682 2,564
Oil and condensate sales 2,163 1,905 6,629 5,948
Natural-gas liquids sales 289 377 913 1,080
Gathering, processing, and marketing sales 218 262 671 750
Gains (losses) on divestitures and other, net 49 (185) 106 (214)
Total 3,332 3,199 10,001 10,128
Costs and Expenses        
Oil and gas operating 241 262 732 730
Oil and gas transportation and other 247 217 710 633
Exploration 297 307 1,662 722
Gathering, processing, and marketing 185 214 552 590
General and administrative 285 293 816 784
Depreciation, depletion, and amortization 979 932 2,936 2,902
Other taxes 267 375 970 1,132
Impairments 4 183 166 287
Algeria exceptional profits tax settlement 7 [1]   (1,797) [1]  
Deepwater Horizon settlement and related costs 4 4,042 15 4,077
Total 2,516 6,825 6,762 11,857
Operating Income (Loss) 816 (3,626) 3,239 (1,729)
Other (Income) Expense        
Interest expense 185 206 561 642
Other (income) expense, net (10) 40 (264) (2)
Total 426 870 220 1,262
Income (Loss) Before Income Taxes 390 (4,496) 3,019 (2,991)
Income Tax Expense (Benefit) 248 (1,468) 764 (762)
Net Income (Loss) 142 (3,028) 2,255 (2,229)
Net Income Attributable to Noncontrolling Interests 21 23 67 62
Net Income (Loss) Attributable to Common Stockholders 121 (3,051) 2,188 (2,291)
Per Common Share        
Net income (loss) attributable to common stockholders - basic $ 0.24 $ (6.12) $ 4.35 $ (4.60)
Net income (loss) attributable to common stockholders - diluted $ 0.24 $ (6.12) $ 4.34 $ (4.60)
Average Number of Common Shares Outstanding - Basic 500 498 499 498
Average Number of Common Shares Outstanding - Diluted 502 498 501 498
Dividends (per Common Share) $ 0.09 $ 0.09 $ 0.27 $ 0.27
Commodity Contract [Member] | (Gains) Losses on Commodity Derivatives, net [Member]
       
(Gains) losses on derivative instruments, net 237 (230) (231) (317)
Interest Rate Contract and Other [Member] | (Gains) Losses on Other Derivatives, net [Member]
       
(Gains) losses on derivative instruments, net $ 14 $ 854 $ 154 $ 939
[1] In the first quarter of 2012, the Company revised the definition of Adjusted EBITDAX to exclude Algeria exceptional profits tax settlement, Tronox-related contingent loss, and realized (gains) losses on other derivatives, net. Prior periods have been adjusted to reflect this change.