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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES AND OTHER INCOME    
Net sales $ 5,872 $ 6,268
Interest, dividends and other income 35 15
TOTAL REVENUES AND OTHER INCOME 5,907 6,283
COSTS AND OTHER DEDUCTIONS    
Cost of sales 3,137 2,950
Selling, general and administrative and other operating expenses 393 434
Taxes other than on income 186 174
Exploration expense 50 98
Interest and debt expense, net 34 30
TOTAL COSTS AND OTHER DEDUCTIONS 3,800 3,686
Income before income taxes and other items 2,107 2,597
Provision for domestic and foreign income taxes (844) (1,139)
Income from equity investments 96 102
Income from continuing operations 1,359 1,560
Discontinued operations, net (4) (1)
NET INCOME $ 1,355 $ 1,559
BASIC EARNINGS PER COMMON SHARE    
Income from continuing operations (in dollars per share) $ 1.69 $ 1.92
Discontinued operations, net (in dollars per share) $ (0.01)  
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.68 $ 1.92
DILUTED EARNINGS PER COMMON SHARE    
Income from continuing operations (in dollars per share) $ 1.69 $ 1.92
Discontinued operations, net (in dollars per share) $ (0.01)  
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.68 $ 1.92
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.64 $ 0.54