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FINANCIAL INSTRUMENTS (Unrealized gains losses) (Details) (Commodity Contract [Member], USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Embedded derivatives in provisional sales contracts [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Atlantic Copper [Member] | Amounts recorded in Sales [Member]
     
Realized gains (losses):      
Realized and unrealized gains (losses) $ (136) [1] $ 77 [1] $ (519) [1]
Crude Oil Options [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Plains Exploration & Production Company [Member] | Amounts recorded in Sales [Member]
     
Realized gains (losses):      
Realized and unrealized gains (losses) (344) [1] 0 [1] 0 [1]
Natural Gas Swaps [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Plains Exploration & Production Company [Member] | Amounts recorded in Sales [Member]
     
Realized gains (losses):      
Realized and unrealized gains (losses) 10 [1] 0 [1] 0 [1]
Copper Forward Contracts [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Atlantic Copper [Member] | Amounts recorded in Cost of Sales [Member]
     
Realized gains (losses):      
Realized and unrealized gains (losses) 3 [2] 15 [2] (2) [2]
Fair Value Hedging [Member] | Amounts recorded in Sales [Member]
     
Unrealized gains (losses):      
Derivative financial instruments 1 15 (28)
Hedged item (1) (15) 28
Realized gains (losses):      
Matured derivative financial instruments $ (17) $ (2) $ (28)
[1] Amounts recorded in revenues.
[2] Amounts recorded in cost of sales as production and delivery costs.