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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES AND OTHER INCOME    
Net sales $ 4,004 $ 3,763
Interest, dividends and other income 78 29
Gain on sale of assets, net 7 33
TOTAL REVENUES AND OTHER INCOME 4,089 3,825
COSTS AND OTHER DEDUCTIONS    
Cost of sales 1,345 1,350
Purchased commodities 365 13
Selling, general and administrative expenses 140 130
Other operating and non-operating expenses 238 177
Taxes other than on income 111 108
Depreciation, depletion and amortization 973 921
Asset impairments and related items 0 30
Exploration expense 36 15
Interest and debt expense, net 98 97
TOTAL COSTS AND OTHER DEDUCTIONS 3,306 2,841
Income before income taxes and other items 783 984
Provision for domestic and foreign income taxes (225) (339)
Income from equity investments 73 63
NET INCOME $ 631 $ 708
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.84 $ 0.92
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.84 $ 0.92