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CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES AND OTHER INCOME        
Net sales $ 3,469 $ 5,133 $ 6,558 $ 10,101
Interest, dividends and other income 26 47 57 77
Gain (loss) on sale of assets, net 19 525 (5) 525
TOTAL REVENUES AND OTHER INCOME 3,514 5,705 6,610 10,703
COSTS AND OTHER DEDUCTIONS        
Cost of sales, excluding depreciation, depletion and amortization 1,480 1,691 3,037 3,334
Selling, general and administrative and other operating expenses 347 429 658 746
Depreciation, depletion and amortization 1,116 1,024 2,145 2,001
Asset impairments and related items   471 324 471
Taxes other than on income 107 144 214 295
Exploration expense 10 39 18 63
Interest and debt expense, net 8 20 38 42
TOTAL COSTS AND OTHER DEDUCTIONS 3,068 3,818 6,434 6,952
Income (loss) before income taxes and other items 446 1,887 176 3,751
Provision for domestic and foreign income taxes (324) (809) (305) (1,603)
Income from equity investments 58 83 94 150
Income (loss) from continuing operations 180 1,161 (35) 2,298
Discontinued operations, net (4) 273 (7) 528
Net income (loss) 176 1,434 (42) 2,826
Less: Net income attributable to noncontrolling interest   (3)   (5)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCK $ 176 $ 1,431 $ (42) $ 2,821
BASIC EARNINGS PER COMMON SHARE (attributable to common stock)        
Income (loss) from continuing operations (in dollars per share) $ 0.23 $ 1.48 $ (0.04) $ 2.91
Discontinued operations, net (in dollars per share)   0.35 (0.01) 0.67
BASIC EARNINGS PER COMMON SHARE (in dollars per share) 0.23 1.83 (0.05) 3.58
DILUTED EARNINGS PER COMMON SHARE (attributable to common stock)        
Income (loss) from continuing operations (in dollars per share) 0.23 1.47 (0.04) 2.91
Discontinued operations, net (in dollars per share)   0.35 (0.01) 0.67
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) 0.23 1.82 (0.05) 3.58
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.75 $ 0.72 $ 1.47 $ 1.44