v2.3.0.15
Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Oil, gas and NGL sales$ 2,111$ 1,683$ 6,171$ 5,535
Oil, gas and NGL derivatives738209986874
Marketing and midstream revenues6534611,7121,396
Total revenues3,5022,3538,8697,805
Expenses and other, net:    
Lease operating expenses4754151,3521,271
Taxes other than income taxes10895336288
Marketing and midstream operating costs and expenses5153361,3041,013
Depreciation, depletion and amortization of oil and gas properties5043971,4311,249
Depreciation and amortization of non-oil and gas properties6266191192
Accretion of asset retirement obligations23216971
General and administrative expenses138131403399
Restructuring costs(3)63(2)55
Interest expense10483270280
Interest-rate and other financial instruments405633121
Other, net(2)(9)(14)(34)
Total expenses and other, net1,9641,6545,3734,905
Earnings from continuing operations before income taxes1,5386993,4962,900
Income tax expense (benefit):    
Current(248)(310)(301)696
Deferred7465802,184349
Total income tax expense4982701,8831,045
Earnings from continuing operations1,0404291,6131,855
Discontinued operations:    
Earnings (loss) from discontinued operations before income taxes(4)1,7102,5842,320
Discontinued operations income tax expense (benefit)(2)49 187
Earnings (loss) from discontinued operations(2)1,6612,5842,133
Net earnings$ 1,038$ 2,090$ 4,197$ 3,988
Basic net earnings per share:    
Basic earnings from continuing operations per share$ 2.51$ 0.99$ 3.83$ 4.20
Basic earnings from discontinued operations per share $ 3.82$ 6.14$ 4.82
Basic net earnings per share$ 2.51$ 4.81$ 9.97$ 9.02
Diluted net earnings per share:    
Diluted earnings from continuing operations per share$ 2.50$ 0.98$ 3.82$ 4.18
Diluted earnings from discontinued operations per share $ 3.81$ 6.11$ 4.81
Diluted net earnings per share$ 2.50$ 4.79$ 9.93$ 8.99