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CONSOLIDATED CONDENSED 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
REVENUES AND OTHER INCOME        
Net sales $ 5,965 $ 6,006 $ 18,001 $ 17,905
Interest, dividends and other income 26 70 64 136
Gains on disposition of assets, net     1 22
TOTAL REVENUES AND OTHER INCOME 5,991 6,076 18,066 18,063
COSTS AND OTHER DEDUCTIONS        
Cost of sales 3,176 2,879 9,186 8,125
Selling, general and administrative and other operating expenses 394 242 1,163 1,071
Taxes other than on income 172 152 513 465
Exploration expense 69 39 263 185
Interest and debt expense, net 36 25 94 267
TOTAL COSTS AND OTHER DEDUCTIONS 3,847 3,337 11,219 10,113
Income before income taxes and other items 2,144 2,739 6,847 7,950
Provision for domestic and foreign income taxes 855 1,087 2,869 3,252
Income from equity investments (90) (123) (293) (301)
Income from continuing operations 1,379 1,775 4,271 4,999
Discontinued operations, net (4) (4) (9) 138
NET INCOME $ 1,375 $ 1,771 $ 4,262 $ 5,137
BASIC EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.70 $ 2.18 $ 5.26 $ 6.14
Discontinued operations, net (in dollars per share) $ (0.01) $ (0.01) $ (0.01) $ 0.17
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.69 $ 2.17 $ 5.25 $ 6.31
DILUTED EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.70 $ 2.18 $ 5.26 $ 6.14
Discontinued operations, net (in dollars per share) $ (0.01) $ (0.01) $ (0.01) $ 0.17
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.69 $ 2.17 $ 5.25 $ 6.31
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.54 $ 0.46 $ 1.62 $ 1.38