<ARTICLE> 5 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1998 <CASH> 108 <SECURITIES> 2,124 <RECEIVABLES> 1,784 <ALLOWANCES> 31 <INVENTORY> 651 <CURRENT-ASSETS> 5,261 <PP&E> 22,009 <DEPRECIATION> 8,292 <TOTAL-ASSETS> 21,945 <CURRENT-LIABILITIES> 5,875 <BONDS> 3,845 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 182 <OTHER-SE> 6,459 <TOTAL-LIABILITY-AND-EQUITY> 21,945 <SALES> 0 <TOTAL-REVENUES> 5,012 <CGS> 0 <TOTAL-COSTS> 4,285 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 92 <INCOME-PRETAX> 676 <INCOME-TAX> 267 <INCOME-CONTINUING> 409 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 409 <EPS-PRIMARY> 2.38 <EPS-DILUTED> 2.30