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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues and other income:    
Revenues from contracts with customers $ 1,761 $ 1,177
Net gain (loss) on commodity derivatives (143) (153)
Income (loss) from equity method investments 127 44
Other income 8 3
Total revenues and other income 1,753 1,071
Costs and expenses:    
Production 152 121
Shipping, handling and other operating 185 152
Exploration 11 21
Depreciation, depletion and amortization 423 496
Impairments 0 1
Taxes other than income 104 74
General and administrative 73 89
Total costs and expenses 948 954
Income (loss) from operations 805 117
Net interest and other (22) (13)
Other net periodic benefit (costs) credits 4 3
Income (loss) before income taxes 787 107
Provision (benefit) for income taxes (517) 10
Net income (loss) $ 1,304 $ 97
Net income (loss) per share:    
Basic (in dollars per share) $ 1.79 $ 0.12
Diluted (in dollars per share) $ 1.78 $ 0.12
Weighted average common shares outstanding:    
Basic (in shares) 730 789
Diluted (in shares) 732 789