v2.4.0.6
Consolidated Comprehensive Statements Of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Oil, gas and NGL sales $ 8,315 $ 7,262 $ 6,097
Oil, gas and NGL derivatives 881 811 384
Marketing and midstream revenues 2,258 1,867 1,534
Total revenues 11,454 9,940 8,015
Expenses and other, net:      
Lease operating expenses 1,851 1,689 1,670
Marketing and midstream operating costs and expenses 1,716 1,357 1,022
Depreciation, depletion and amortization 2,248 1,930 2,108
General and administrative expenses 585 563 648
Taxes other than income taxes 424 380 314
Interest expense 352 363 349
Restructuring costs (2) 57 105
Reduction of carrying value of oil and gas properties     6,408
Other, net (10) 33 (83)
Total expenses and other, net 7,164 6,372 12,541
Earnings (loss) from continuing operations before income taxes 4,290 3,568 (4,526)
Current income tax (benefit) expense (143) 516 241
Deferred income tax expense (benefit) 2,299 719 (2,014)
Earnings (loss) from continuing operations 2,134 2,333 (2,753)
Earnings from discontinued operations, net of income tax expense 2,570 2,217 274
Net earnings (loss) 4,704 4,550 (2,479)
Basic net earnings per share:      
Basic earnings (loss) from continuing operations per share $ 5.12 $ 5.31 $ (6.20)
Basic earnings from discontinued operations per share $ 6.17 $ 5.04 $ 0.62
Basic net earnings (loss) per share $ 11.29 $ 10.35 $ (5.58)
Diluted net earnings per share:      
Diluted earnings (loss) from continuing operations per share $ 5.10 $ 5.29 $ (6.20)
Diluted earnings from discontinued operations per share $ 6.15 $ 5.02 $ 0.62
Diluted net earnings (loss) per share $ 11.25 $ 10.31 $ (5.58)
Comprehensive earnings (loss):      
Net earnings (loss) 4,704 4,550 (2,479)
Other comprehensive income, net of tax:      
Foreign currency translation adjustments (191) 377 931
Pension and postretirement plans 6 (2) 71
Other comprehensive (loss) earnings, net of tax (185) 375 1,002
Comprehensive earnings (loss) $ 4,519 $ 4,925 $ (1,477)