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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES AND OTHER INCOME        
Net sales $ 6,173 $ 4,603 $ 11,899 $ 9,219
Interest, dividends and other income 35 40 67 61
Gains (losses) on disposition of assets, net   (6) 21 (5)
TOTAL REVENUES AND OTHER INCOME 6,208 4,637 11,987 9,275
COSTS AND OTHER DEDUCTIONS        
Cost of sales 2,720 2,292 5,246 4,565
Selling, general and administrative and other operating expenses 388 282 829 631
Taxes other than on income 162 125 313 246
Exploration expense 62 69 146 125
Interest and debt expense, net 27 30 242 67
TOTAL COSTS AND OTHER DEDUCTIONS 3,359 2,798 6,776 5,634
Income before income taxes and other items 2,849 1,839 5,211 3,641
Provision for domestic and foreign income taxes 1,111 809 2,165 1,555
(Income) from equity investments (81) (59) (178) (124)
Income from continuing operations 1,819 1,089 3,224 2,210
Discontinued operations, net (2) (14) 142 (47)
Net income 1,817 1,075 3,366 2,163
Less: Net income attributable to noncontrolling interest   (12)   (36)
NET INCOME ATTRIBUTABLE TO COMMON STOCK $ 1,817 $ 1,063 $ 3,366 $ 2,127
BASIC EARNINGS PER COMMON SHARE (attributable to common stock)        
Income from continuing operations (in dollars per share) $ 2.23 $ 1.32 $ 3.96 $ 2.67
Discontinued operations, net (in dollars per share)   $ (0.01) $ 0.18 $ (0.06)
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 2.23 $ 1.31 $ 4.14 $ 2.61
DILUTED EARNINGS PER COMMON SHARE (attributable to common stock)        
Income from continuing operations (in dollars per share) $ 2.23 $ 1.32 $ 3.96 $ 2.67
Discontinued operations, net (in dollars per share)   $ (0.01) $ 0.17 $ (0.06)
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 2.23 $ 1.31 $ 4.13 $ 2.61
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.46 $ 0.38 $ 0.92 $ 0.71