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Consolidated Income Statement - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues and Other Income    
Sales and other operating revenues $ 13,848 $ 14,811
Equity in earnings of affiliates 421 499
Gain (loss) on dispositions 93 93
Other income 114 114
Total Revenues and Other Income 14,476 15,517 Close
Costs and Expenses    
Purchased commodities 5,334 6,138
Production and operating expenses 2,015 1,779
Selling, general and administrative expenses 178 159
Exploration expenses 112 138
Depreciation, depletion and amortization 2,211 1,942
Impairments 0 1
Taxes other than income taxes 555 576
Accretion on discounted liabilities 80 68
Interest and debt expense 205 188
Foreign currency transaction (gain) loss (18) (44)
Other expenses (4) 10
Total Costs and Expenses 10,668 10,955 Close
Income (loss) before income taxes 3,808 4,562 Close
Income tax provision (benefit) 1,257 1,642 Close
Net Income (Loss) $ 2,551 $ 2,920 Close
Net Income (Loss) Per Share of Common Stock (dollars)    
Basic (in dollars per share) $ 2.16 $ 2.38
Diluted (in dollars per share) $ 2.15 $ 2.38
Weighted-Average Common Shares Outstanding (in thousands)    
Basic (in shares) 1,177,921 1,220,228
Diluted (in shares) 1,180,320 1,223,355