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Industry Segments (Tables)
 6 Months Ended
Jun. 30, 2012
Industry Segments  
Industry segment and corporate disclosures

 

 

 

 

Oil and Gas

 

Chemical

 

Midstream,
Marketing
and Other

 

Corporate
and
Eliminations

 

Total

 

Three months ended June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

4,495

 

$

1,172

 

$

262

 

$

(161

)(a)

$

5,768

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

2,043

 

$

194

 

$

77

 

$

(107

)(b)

$

2,207

 

Income taxes

 

—

 

—

 

—

 

(875

)(c)

(875

)

Discontinued operations, net

 

—

 

—

 

—

 

(4

)

(4

)

Net income (loss)

 

$

2,043

 

$

194

 

$

77

 

$

(986

)

$

1,328

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

4,591

 

$

1,325

 

$

441

 

$

(184

)(a)

$

6,173

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

2,624

 

$

253

 

$

187

 

$

(134

)(b)

$

2,930

 

Income taxes

 

—

 

—

 

—

 

(1,111

)(c)

(1,111

)

Discontinued operations, net

 

—

 

—

 

—

 

(2

)

(2

)

Net income (loss)

 

$

2,624

 

$

253

 

$

187

 

$

(1,247

)

$

1,817

 

 

 

 

Oil and Gas

 

Chemical

 

Midstream,
Marketing
and Other

 

Corporate
and
Eliminations

 

Total

 

Six months ended June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

9,397

 

$

2,320

 

$

655

 

$

(336

)(a)

$

12,036

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

4,547

 

$

378

 

$

208

 

$

(227

)(b)

$

4,906

 

Income taxes

 

—

 

—

 

—

 

(2,014

)(c)

(2,014

)

Discontinued operations, net

 

—

 

—

 

—

 

(5

)

(5

)

Net income (loss)

 

$

4,547

 

$

378

 

$

208

 

$

(2,246

)

$

2,887

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

8,958

 

$

2,490

 

$

853

 

$

(402

)(a)

$

11,899

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax operating profit (loss)

 

$

5,092

 

$

472

 

$

301

 

$

(476

)(b)

$

5,389

 

Income taxes

 

—

 

—

 

—

 

(2,165

)(c)

(2,165

)

Discontinued operations, net

 

—

 

—

 

—

 

142

 (d)

142

 

Net income (loss)

 

$

5,092

 

$

472

 

$

301

 

$

(2,499

)

$

3,366

 

 

(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 six months ended June 30, 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.