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FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT (Unobservable inputs) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Deferred Option Premiums and Accrued Interest [Member]
Dec. 31, 2013
Crude Oil Options [Member]
Minimum [Member]
Dec. 31, 2013
Crude Oil Options [Member]
Maximum [Member]
Dec. 31, 2013
Crude Oil Options [Member]
Weighted Average [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2012
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Crude Oil Options [Member]
Fair Value, Inputs, Level 3 [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Crude Oil Options [Member]
Fair Value, Inputs, Level 3 [Member]
Sales [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Crude Oil Options [Member]
Fair Value, Inputs, Level 3 [Member]
Interest Expense [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Crude Oil Options [Member]
Fair Value, Inputs, Level 3 [Member]
Minimum [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Crude Oil Options [Member]
Fair Value, Inputs, Level 3 [Member]
Maximum [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Crude Oil Options [Member]
Fair Value, Inputs, Level 3 [Member]
Weighted Average [Member]
Dec. 31, 2013
Fair Value, Measurements, Recurring [Member]
Warrant [Member]
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]                              
Fair Value Assumptions, Implied Volatility Rate                       17.00% 45.00% 23.00%  
Deferred Premium Price       5.15 7.22 6.33                  
Derivative Liability $ 320 $ 20 $ 444       $ 311 [1] $ 0 [1],[2] $ 0           $ 0
Derivative financial instruments assumed in the PXP acquisition                 (83)           (10)
Net realized losses                 (38) [3] 37 1       0
Net unrealized (losses) gains included in earnings related to assets and liabilities still held at the end of the period                 (230) [4] 228 2       8 [5]
Settlement payments                 42           0
Derivative Liability $ 320 $ 20 $ 444       $ 311 [1] $ 0 [1],[2] $ (309)           $ (2)
[1] Recorded at fair value.
[2] rude oil options are net of $444 million for deferred premiums and accrued interest.
[3] Included net realized losses of $37 million recorded in revenues and $1 million of interest expense associated with the deferred premiums for the seven month period from June 1, 2013, to December 31, 2013.
[4] Included unrealized losses of $228 million recorded in revenues and $2 million of interest expense associated with the deferred premiums.
[5] Recorded in other (expense) income, net.