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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues and other income:      
Revenues from contracts with customers $ 6,407 $ 7,540 $ 5,601
Net gain (loss) on commodity derivatives 42 (114) (383)
Income from equity method investments 185 613 253
Net gain (loss) on disposal of assets 17 (38) (19)
Other income 46 35 15
Total revenues and other income 6,697 8,036 5,467
Costs and expenses:      
Production 828 690 534
Shipping, handling and other operating 689 733 727
Exploration 59 110 136
Depreciation, depletion and amortization 2,211 1,753 2,066
Impairments 2 7 60
Taxes other than income 363 484 345
General and administrative 297 308 291
Total costs and expenses 4,449 4,085 4,159
Income from operations 2,248 3,951 1,308
Net interest and other (352) (188) (188)
Other net periodic benefit credits 15 16 5
Loss on early extinguishment of debt 0 0 (121)
Income before income taxes 1,911 3,779 1,004
Provision for income taxes 357 167 58
Net income $ 1,554 $ 3,612 $ 946
Net income per share:      
Basic (in dollars per share) $ 2.56 $ 5.27 $ 1.20
Diluted (in dollars per share) $ 2.56 $ 5.26 $ 1.20
Weighted average common shares outstanding:      
Basic (in shares) 607 685 787
Diluted (in shares) 608 687 788