<ARTICLE> 5 <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> $ 140 <SECURITIES> 186 <RECEIVABLES> 765 <ALLOWANCES> 16 <INVENTORY> 65 <CURRENT-ASSETS> 1,387 <PP&E> 14,095 <DEPRECIATION> 4,417 <TOTAL-ASSETS> 12,432 <CURRENT-LIABILITIES> 1,142 <BONDS> 2,844 <COMMON> 133 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 4,912 <TOTAL-LIABILITY-AND-EQUITY> 12,432 <SALES> 0 <TOTAL-REVENUES> 1,250 <CGS> 0 <TOTAL-COSTS> 964 <OTHER-EXPENSES> 49 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 38 <INCOME-PRETAX> 199 <INCOME-TAX> 71 <INCOME-CONTINUING> 128 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 128 <EPS-PRIMARY> 1.02 <EPS-DILUTED> 0