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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES AND OTHER INCOME        
Net sales $ 5,216 $ 2,999 $ 13,062 $ 9,016
Interest, dividends and other income 34 20 101 72
Gain on sale of assets, net 926 86 969 598
TOTAL REVENUES AND OTHER INCOME 6,176 3,105 14,132 9,686
COSTS AND OTHER DEDUCTIONS        
Cost of sales 1,786 1,357 4,614 4,269
Selling, general and administrative and other operating expenses 431 352 1,140 976
Taxes other than on income 110 76 333 221
Depreciation, depletion and amortization 1,023 995 2,891 2,926
Asset impairments and related items 214 11 256 24
Exploration expense 24 8 60 27
Interest and debt expense, net 96 91 290 258
TOTAL COSTS AND OTHER DEDUCTIONS 3,684 2,890 9,584 8,701
Income before income taxes and other items 2,492 215 4,548 985
Provision for domestic and foreign income taxes (710) (85) (1,351) (448)
Income from equity investments 87 60 228 277
NET INCOME $ 1,869 $ 190 $ 3,425 $ 814
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 2.44 $ 0.25 $ 4.46 $ 1.06
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) 2.44 0.25 4.45 1.06
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.78 $ 0.77 $ 2.32 $ 2.29