<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> Dec-31-1996 <PERIOD-END> Jun-30-1996 <CASH> 1,756,600 <SECURITIES> 0 <RECEIVABLES> 2,421,200 <ALLOWANCES> 123,400 <INVENTORY> 266,200 <CURRENT-ASSETS> 4,646,300 <PP&E> 20,567,300 <DEPRECIATION> 10,771,200 <TOTAL-ASSETS> 16,456,500 <CURRENT-LIABILITIES> 2,988,100 <BONDS> 3,159,000 <PREFERRED-MANDATORY> 14,100 <PREFERRED> 0 <COMMON> 1,091,300 <OTHER-SE> 7,125,600 <TOTAL-LIABILITY-AND-EQUITY> 16,456,500 <SALES> 0 <TOTAL-REVENUES> 6,806,600 <CGS> 0 <TOTAL-COSTS> 4,166,900 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 97,200 <INCOME-PRETAX> 1,014,700 <INCOME-TAX> 386,000 <INCOME-CONTINUING> 628,700 <DISCONTINUED> (2,600) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 626,100 <EPS-PRIMARY> 1.52 <EPS-DILUTED> 1.50