INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS (Tables)

12 Months Ended

Dec. 31, 2013

INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS

Industry segment and corporate disclosures (in millions)

In millions	Oil and Gas			Chemical			Midstream and Marketing			Corporate and Eliminations			Total
YEAR ENDED DECEMBER 31, 2013
Net sales	$	19,132	(a)	$	4,673	(b)	$	1,538	(c)	$	(888	)	$	24,455
Pretax operating profit (loss)	$	7,894	(d)	$	743	(e)	$	1,573	(f)	$	(533)	(g),(i)	$	9,677	(d),(e),(f)
Income taxes	—			—			—			(3,755)		(h),(i)	(3,755		)
Discontinued operations, net	—			—			—			(19		)	(19		)
Net income (loss)	$	7,894		$	743		$	1,573		$	(4,307	)	$	5,903
Investments in unconsolidated entities	$	108		$	34		$	1,307		$	10		$	1,459
Property, plant and equipment additions, net (j)	$	7,106		$	435		$	1,482		$	165		$	9,188
Depreciation, depletion and amortization	$	4,753		$	346		$	212		$	36		$	5,347
Total assets	$	46,213		$	3,947		$	14,374		$	4,909		$	69,443
YEAR ENDED DECEMBER 31, 2012
Net sales	$	18,906	(a)	$	4,580	(b)	$	1,399	(c)	$	(713	)	$	24,172
Pretax operating profit (loss)	$	7,095	(d)	$	720		$	439		$	(501)	(g),(i)	$	7,753	(d)
Income taxes	—			—			—			(3,118)		(h),(i)	(3,118		)
Discontinued operations, net	—			—			—			(37		)	(37		)
Net income (loss)	$	7,095		$	720		$	439		$	(3,656	)	$	4,598
Investments in unconsolidated entities	$	113		$	108		$	1,662		$	11		$	1,894
Property, plant and equipment additions, net (j)	$	8,282		$	365		$	1,612		$	91		$	10,350
Depreciation, depletion and amortization	$	3,933		$	345		$	206		$	27		$	4,511
Total assets	$	44,004		$	3,854		$	12,762		$	3,590		$	64,210
YEAR ENDED DECEMBER 31, 2011
Net sales	$	18,419	(a)	$	4,815	(b)	$	1,447	(c)	$	(742	)	$	23,939
Pretax operating profit (loss)	$	10,241	(d)	$	861		$	448		$	(709)	(g),(i)	$	10,841	(d)
Income taxes	—			—			—			(4,201)		(h),(i)	(4,201		)
Discontinued operations, net	—			—			—			131			131
Net income (loss)	$	10,241	(d)	$	861		$	448		$	(4,779	)	$	6,771
Investments in unconsolidated entities	$	128		$	121		$	1,812		$	11		$	2,072
Property, plant and equipment additions, net (j)	$	6,192		$	241		$	1,120		$	51		$	7,604
Depreciation, depletion and amortization	$	3,064		$	330		$	173		$	24		$	3,591
Total assets	$	38,967		$	3,754		$	11,962		$	5,361		$	60,044

Net product sales for the chemical segment

	Basic Chemicals	Vinyls	Other Chemicals
Year ended December 31, 2013	55%	42%	3%
Year ended December 31, 2012	57%	40%	3%
Year ended December 31, 2011	58%	39%	3%

Net sales for the midstream and marketing segment

	Gas Processing	Power	Marketing, Trading, Transportation and other
Year ended December 31, 2013	51%	36%	13%
Year ended December 31, 2012	59%	27%	14%
Year ended December 31, 2011	64%	35%	1%

Significant items affecting earnings included in the Corporate segment

Benefit (Charge)  (In millions)	2013			2012			2011
CORPORATE
Pre-tax operating profit (loss)
Premium on debt extinguishments	$	—		$	—		$	(163	)
Litigation reserves	—			(20		)	—
Charge for former executives and consultants	(55		)	—			—
	$	(55	)	$	(20	)	$	(163	)
Income taxes
State income tax charge	$	—		$	—		$	(33	)
Tax effect of pre-tax adjustments *	(179		)	636			50
	$	(179	)	$	636		$	17

*   Amounts represent the tax effect of the pre-tax adjustments listed in this note, as well as those in footnotes (d), (e) and (f).

Net sales and property, plant and equipment, net by geographic areas

In millions

	Net sales (a)						Property, plant and equipment, net
For the years ended December 31,	2013		2012		2011		2013		2012		2011
United States	$	16,009	$	15,359	$	15,040	$	42,956	$	40,786	$	36,283
Foreign
Qatar	2,995		3,356		3,432		2,605		2,676		2,735
Oman	2,567		2,578		2,500		2,509		2,353		2,143
Colombia	1,022		1,027		1,054		1,259		1,041		854
United Arab Emirates	—		—		—		3,131		2,104		971
Other Foreign	1,862		1,852		1,913		3,361		3,104		2,698
Total Foreign	8,446		8,813		8,899		12,865		11,278		9,401
Total	$	24,455	$	24,172	$	23,939	$	55,821	$	52,064	$	45,684

(a)   Sales are shown by individual country based on the location of the entity making the sale.