XML 15 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues and other income:        
Revenues from contracts with customers $ 1,771 $ 2,008 $ 4,822 $ 5,937
Net gain (loss) on commodity derivatives 1 41 19 (129)
Income from equity method investments 38 190 140 469
Net gain on disposal of assets 1 2 6 1
Other income 2 6 19 25
Total revenues and other income 1,813 2,247 5,006 6,303
Costs and expenses:        
Production 192 193 607 509
Shipping, handling and other operating 164 199 487 575
Exploration 20 73 46 92
Depreciation, depletion and amortization 583 460 1,662 1,319
Impairments 0 2 0 4
Taxes other than income 113 137 251 381
General and administrative 72 79 225 220
Total costs and expenses 1,144 1,143 3,278 3,100
Income from operations 669 1,104 1,728 3,203
Net interest and other (94) (52) (268) (128)
Other net periodic benefit credits 5 5 11 14
Income before income taxes 580 1,057 1,471 3,089
Provision for income taxes 127 240 314 2
Net income $ 453 $ 817 $ 1,157 $ 3,087
Net income per share:        
Basic (in dollars per share) $ 0.75 $ 1.22 $ 1.88 $ 4.40
Diluted (in dollars per share) $ 0.75 $ 1.22 $ 1.88 $ 4.39
Weighted average common shares outstanding:        
Basic (in shares) 603 670 615 701
Diluted (in shares) 604 672 616 703