April
12, 2006
|
(Date
of Report - Date of earliest event
reported)
|
KERR-McGEE
CORPORATION
|
(Exact
name of registrant as specified in its
charter)
|
Delaware
|
1-16619
|
73-1612389
|
||
(State
of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
123
Robert S. Kerr Avenue
|
||
Oklahoma
City, Oklahoma
|
73102
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
(405) 270-1313
|
(Registrant's
telephone number)
|
(Millions
of dollars)
|
Q1
2006
|
|||
Reported
in GAAP earnings -
|
||||
Loss
on current-quarter hedging activities
|
$
|
(274
|
)
|
|
Mark-to-market
nonhedge derivative gain
|
130
|
|||
Gain due to hedge ineffectiveness
|
30
|
|||
Reported
net derivative loss - GAAP
|
(114
|
)
|
||
Exclude:
unrealized items -
|
||||
Mark-to-market
nonhedge derivative gain
|
130
|
|||
Gain due to hedge ineffectiveness
|
30
|
|||
Total gain to be excluded
|
160
|
|||
Include:
Nonhedge gain realized in current quarter
|
59
|
|||
Realized
net derivative loss - Non-GAAP (a)
|
$
|
(215
|
)
|
SIGNATURES
|
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
KERR-MCGEE
CORPORATION
|
||
By:
|
(John
M. Rauh)
|
|
John
M. Rauh
|
||
Vice
President and Controller
|
||
Dated:
April 12, 2006
|