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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES AND OTHER INCOME        
Net sales $ 5,768 $ 6,173 $ 12,036 $ 11,899
Interest, dividends and other income 24 35 38 66
Gains on disposition of assets, net     1 22
TOTAL REVENUES AND OTHER INCOME 5,792 6,208 12,075 11,987
COSTS AND OTHER DEDUCTIONS        
Cost of sales 3,060 2,720 6,010 5,246
Selling, general and administrative and other operating expenses 335 388 769 829
Taxes other than on income 167 162 341 313
Exploration expense 96 62 194 146
Interest and debt expense, net 28 27 58 242
TOTAL COSTS AND OTHER DEDUCTIONS 3,686 3,359 7,372 6,776
Income before income taxes and other items 2,106 2,849 4,703 5,211
Provision for domestic and foreign income taxes 875 1,111 2,014 2,165
Income from equity investments (101) (81) (203) (178)
Income from continuing operations 1,332 1,819 2,892 3,224
Discontinued operations, net (4) (2) (5) 142
NET INCOME $ 1,328 $ 1,817 $ 2,887 $ 3,366
BASIC EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.64 $ 2.23 $ 3.56 $ 3.96
Discontinued operations, net (in dollars per share)     $ (0.01) $ 0.18
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.64 $ 2.23 $ 3.55 $ 4.14
DILUTED EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.64 $ 2.23 $ 3.56 $ 3.96
Discontinued operations, net (in dollars per share)     $ (0.01) $ 0.17
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.64 $ 2.23 $ 3.55 $ 4.13
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.54 $ 0.46 $ 1.08 $ 0.92