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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues and other income:        
Revenues from contracts with customers $ 1,484 $ 2,168 $ 3,051 $ 3,929
Net gain (loss) on commodity derivatives 3 (27) 18 (170)
Income from equity method investments 22 152 102 279
Net loss on disposal of assets 0 (1) 5 (1)
Other income 4 11 17 19
Total revenues and other income 1,513 2,303 3,193 4,056
Costs and expenses:        
Production 214 164 415 316
Shipping, handling and other operating 161 191 323 376
Exploration 11 8 26 19
Depreciation, depletion and amortization 559 436 1,079 859
Impairments 0 2 0 2
Taxes other than income 43 140 138 244
General and administrative 71 68 153 141
Total costs and expenses 1,059 1,009 2,134 1,957
Income from operations 454 1,294 1,059 2,099
Net interest and other (92) (54) (174) (76)
Other net periodic benefit credits 3 5 6 9
Income before income taxes 365 1,245 891 2,032
Provision (benefit) for income taxes 78 279 187 (238)
Net income $ 287 $ 966 $ 704 $ 2,270
Net income per share:        
Basic (in dollars per share) $ 0.47 $ 1.37 $ 1.13 $ 3.17
Diluted (in dollars per share) $ 0.47 $ 1.37 $ 1.13 $ 3.16
Weighted average common shares outstanding:        
Basic (in shares) 614 703 622 717
Diluted (in shares) 615 705 623 719