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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES AND OTHER INCOME        
Net sales $ 4,420 $ 4,083 $ 8,424 $ 7,846
Interest, dividends and other income 41 38 119 67
Gain on sale of assets, net 15 10 22 43
TOTAL REVENUES AND OTHER INCOME 4,476 4,131 8,565 7,956
COSTS AND OTHER DEDUCTIONS        
Cost of sales 1,386 1,365 2,731 2,715
Purchased commodities 431 100 796 113
Selling, general and administrative expenses 163 142 303 272
Other operating and non-operating expenses 260 260 498 437
Taxes other than on income 123 115 234 223
Depreciation, depletion and amortization 1,031 947 2,004 1,868
Asset impairments and related items 0 12 0 42
Anadarko transaction-related costs 50 0 50 0
Exploration expense 35 21 71 36
Interest and debt expense, net 153 97 251 194
TOTAL COSTS AND OTHER DEDUCTIONS 3,632 3,059 6,938 5,900
Income before income taxes and other items 844 1,072 1,627 2,056
Provision for domestic and foreign income taxes (306) (302) (531) (641)
Income from equity investments 97 78 170 141
NET INCOME $ 635 $ 848 $ 1,266 $ 1,556
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.84 $ 1.10 $ 1.68 $ 2.02
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.84 $ 1.10 $ 1.68 $ 2.02