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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues and Other Income      
Sales and other operating revenues $ 56,141 $ 78,494 $ 45,828
Equity in earnings of affiliates 1,720 2,081 832
Gain (loss) on dispositions 228 1,077 486
Other income 485 504 1,203
Total Revenues and Other Income 58,574 82,156 48,349 Close
Costs and Expenses      
Purchased commodities 21,975 33,971 18,158
Production and operating expenses 7,693 7,006 5,694
Selling, general and administrative expenses 705 623 719
Exploration expenses 398 564 344
Depreciation, depletion and amortization 8,270 7,504 7,208
Impairments 14 (12) 674
Taxes other than income taxes 2,074 3,364 1,634
Accretion on discounted liabilities 283 250 242
Interest and debt expense 780 805 884
Foreign currency transaction (gain) loss 92 (100) (22)
Other expenses 2 (47) 102
Total Costs and Expenses 42,286 53,928 35,637 Close
Income (loss) before income taxes 16,288 28,228 12,712 Close
Income tax provision (benefit) 5,331 9,548 4,633 Close
Net Income (Loss) $ 10,957 $ 18,680 $ 8,079 Close
Net Income (Loss) Per Share of Common Stock (dollars)      
Basic (in dollars per share) $ 9.08 $ 14.62 $ 6.09
Diluted (in dollars per share) $ 9.06 $ 14.57 $ 6.07
Average Common Shares Outstanding (in thousands)      
Basic (in shares) 1,202,757 1,274,028 1,324,194
Diluted (in shares) 1,205,675 1,278,163 1,328,151