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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES AND OTHER INCOME        
Net sales $ 5,962 $ 5,768 $ 11,834 $ 12,036
Interest, dividends and other income 28 24 63 39
Gain on sale of equity investment 131   131  
TOTAL REVENUES AND OTHER INCOME 6,121 5,792 12,028 12,075
COSTS AND OTHER DEDUCTIONS        
Cost of sales 3,180 3,060 6,317 6,010
Selling, general and administrative and other operating expenses 495 335 888 769
Taxes other than on income 196 167 382 341
Exploration expense 78 96 128 194
Interest and debt expense, net 30 28 64 58
TOTAL COSTS AND OTHER DEDUCTIONS 3,979 3,686 7,779 7,372
Income before income taxes and other items 2,142 2,106 4,249 4,703
Provision for domestic and foreign income taxes (901) (875) (1,745) (2,014)
Income from equity investments 86 101 182 203
Income from continuing operations 1,327 1,332 2,686 2,892
Discontinued operations, net (5) (4) (9) (5)
NET INCOME $ 1,322 $ 1,328 $ 2,677 $ 2,887
BASIC EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.65 $ 1.64 $ 3.33 $ 3.56
Discontinued operations, net (in dollars per share) $ (0.01)   $ (0.01) $ (0.01)
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 1.64 $ 1.64 $ 3.32 $ 3.55
DILUTED EARNINGS PER COMMON SHARE        
Income from continuing operations (in dollars per share) $ 1.64 $ 1.64 $ 3.33 $ 3.56
Discontinued operations, net (in dollars per share)     $ (0.01) $ (0.01)
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 1.64 $ 1.64 $ 3.32 $ 3.55
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.64 $ 0.54 $ 1.28 $ 1.08