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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES AND OTHER INCOME      
Net sales $ 24,455 $ 24,172 $ 23,939
Interest, dividends and other income 106 81 180
Gain on sale of equity investments 1,175    
TOTAL REVENUES AND OTHER INCOME 25,736 24,253 24,119
COSTS AND OTHER DEDUCTIONS      
Cost of sales (excludes depreciation, depletion and amortization of $5,341 in 2013, $4,504 in 2012 and $3,584 in 2011) 7,562 7,844 7,385
Selling, general and administrative and other operating expenses 1,801 1,602 1,523
Depreciation, depletion and amortization 5,347 4,511 3,591
Asset impairments and related items 621 1,751  
Taxes other than on income 749 680 605
Exploration expense 256 345 258
Interest and debt expense, net 118 130 298
TOTAL COSTS AND OTHER DEDUCTIONS 16,454 16,863 13,660
INCOME BEFORE INCOME TAXES AND OTHER ITEMS 9,282 7,390 10,459
Provision for domestic and foreign income taxes (3,755) (3,118) (4,201)
Income from equity investments 395 363 382
INCOME FROM CONTINUING OPERATIONS 5,922 4,635 6,640
Discontinued operations, net (19) (37) 131
NET INCOME $ 5,903 $ 4,598 $ 6,771
BASIC EARNINGS PER COMMON SHARE      
Income from continuing operations (in dollars per share) $ 7.35 $ 5.72 $ 8.16
Discontinued operations, net (in dollars per share) $ (0.02) $ (0.05) $ 0.16
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 7.33 $ 5.67 $ 8.32
DILUTED EARNINGS PER COMMON SHARE      
Income from continuing operations (in dollars per share) $ 7.34 $ 5.71 $ 8.16
Discontinued operations, net (in dollars per share) $ (0.02) $ (0.04) $ 0.16
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 7.32 $ 5.67 $ 8.32
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 2.56 $ 2.16 $ 1.84