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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues and other income:    
Revenues from contracts with customers $ 1,538 $ 1,567
Net gain (loss) on commodity derivatives (24) 15
Income from equity method investments 39 80
Net gain on disposal of assets 0 5
Other income (expense) (2) 13
Total revenues and other income 1,551 1,680
Costs and expenses:    
Production 221 201
Shipping, handling and other operating, including related party of $15 and $0 169 162
Exploration 7 15
Depreciation, depletion and amortization 524 520
Taxes other than income 96 95
General and administrative 86 82
Total costs and expenses 1,103 1,075
Income from operations 448 605
Net interest and other (69) (82)
Other net periodic benefit credits 3 3
Income before income taxes 382 526
Provision for income taxes 85 109
Net income $ 297 $ 417
Net income per share:    
Basic (in dollars per share) $ 0.52 $ 0.66
Diluted (in dollars per share) $ 0.52 $ 0.66
Weighted average common shares outstanding:    
Basic (in shares) 576 628
Diluted (in shares) 576 629