v2.4.0.6
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 5,555 $ 2,866
Short-term investments 1,503 145
Accounts receivable 1,379 1,202
Current assets held for sale 21 563
Other current assets 847 779
Total current assets 9,305 5,555
Oil and gas, based on full cost accounting:    
Subject to amortization 61,696 56,012
Not subject to amortization 3,982 3,434
Total oil and gas 65,678 59,446
Other 5,098 4,429
Total property and equipment, at cost 70,776 63,875
Less accumulated depreciation, depletion and amortization (46,002) (44,223)
Property and equipment, net 24,774 19,652
Goodwill 6,013 6,080
Long-term assets held for sale 132 859
Other long-term assets 893 781
Total assets 41,117 32,927
Current liabilities:    
Accounts payable 1,471 1,411
Revenues and royalties payable 678 538
Short-term debt 3,811 1,811
Current liabilities associated with assets held for sale 48 305
Other current liabilities 730 518
Total current liabilities 6,738 4,583
Long-term debt 5,969 3,819
Asset retirement obligations 1,496 1,423
Liabilities associated with assets held for sale   26
Other long-term liabilities 721 1,067
Deferred income taxes 4,763 2,756
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 404.1 million and 431.9 million shares in 2011 and 2010, respectively 40 43
Additional paid-in capital 3,507 5,601
Retained earnings 16,308 11,882
Accumulated other comprehensive earnings 1,575 1,760
Treasury stock, at cost. 0.4 million shares in 2010   (33)
Total stockholders' equity 21,430 19,253
Commitments and contingencies (Note 18)      
Total liabilities and stockholders' equity $ 41,117 $ 32,927