Industry Segments (Tables)

3 Months Ended

Mar. 31, 2012

Industry Segments

Industry segment and corporate disclosures

	Oil and Gas		Chemical		Midstream, Marketing and Other		Corporate and Eliminations			Total
Three months ended March 31, 2012
Net sales	$	4,902	$	1,148	$	393	$	(175	)(a)	$	6,268
Pretax operating profit (loss)	$	2,504	$	184	$	131	$	(120	)(b)	$	2,699
Income taxes	—		—		—		(1,139		)(c)	(1,139		)
Discontinued operations, net	—		—		—		(1		)	(1		)
Net income (loss)	$	2,504	$	184	$	131	$	(1,260	)	$	1,559
Three months ended March 31, 2011
Net sales	$	4,367	$	1,165	$	412	$	(218	)(a)	$	5,726
Pretax operating profit (loss)	$	2,468	$	219	$	114	$	(342	)(b)	$	2,459
Income taxes	—		—		—		(1,054		)(c)	(1,054		)
Discontinued operations, net	—		—		—		144		(d)	144
Net income (loss)	$	2,468	$	219	$	114	$	(1,252	)	$	1,549

(a)Intersegment sales eliminate upon consolidation and are generally made at prices approximately equal to those that the selling entity would be able to obtain in third-party transactions.

(b)Includes unallocated net interest expense (including the early debt extinguishment costs of $163 million for the quarter ended March 31, 2011), administration expense, environmental remediation and other pre-tax items.

(c)Includes all foreign and domestic income taxes from continuing operations.

(d)Reflects an after-tax gain from the sale of the Argentine operations.