v2.4.0.6
Consolidated Comprehensive Statements Of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Oil, gas and NGL sales $ 1,617 $ 2,200 $ 3,532 $ 4,060
Oil, gas and NGL derivatives 665 416 810 248
Marketing and midstream revenues 277 604 714 1,059
Total revenue 2,559 3,220 5,056 5,367
Expenses and other, net:        
Lease operating expenses 513 453 1,027 877
Marketing and midstream operating costs and expenses 209 456 534 789
Depreciation, depletion and amortization 684 550 1,364 1,056
General and administrative expenses 176 135 344 265
Taxes other than income taxes 100 120 202 228
Interest expense 99 85 186 166
Restructuring costs   6   1
Other, net 44 37 54 27
Total expenses and other, net 1,825 1,842 3,711 3,409
Earnings from continuing operations before income taxes 734 1,378 1,345 1,958
Current income tax expense (benefit) 31 36 49 (53)
Deferred income tax expense 226 1,158 405 1,438
Earnings from continuing operations 477 184 891 573
Earnings (loss) from discontinued operations, net of tax   2,559 (21) 2,586
Net earnings 477 2,743 870 3,159
Basic net earnings per share:        
Basic earnings from continuing operations per share $ 1.18 $ 0.44 $ 2.20 $ 1.35
Basic earnings (loss) from discontinued operations per share   $ 6.06 $ (0.05) $ 6.09
Basic net earnings per share $ 1.18 $ 6.50 $ 2.15 $ 7.44
Diluted net earnings per share:        
Diluted earnings from continuing operations per share $ 1.18 $ 0.43 $ 2.20 $ 1.34
Diluted earnings (loss) from discontinued operations per share   $ 6.05 $ (0.05) $ 6.07
Diluted net earnings per share $ 1.18 $ 6.48 $ 2.15 $ 7.41
Comprehensive earnings:        
Net earnings 477 2,743 870 3,159
Other comprehensive earnings, net of tax:        
Foreign currency translation (171) 65 (19) 250
Pension and postretirement plans 5 5 9 11
Other comprehensive earnings, net of tax (166) 70 (10) 261
Comprehensive earnings $ 311 $ 2,813 $ 860 $ 3,420