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Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues and Other Income      
Sales and other operating revenues $ 45,828 $ 18,784 $ 32,567
Equity in earnings of affiliates 832 432 779
Gain on dispositions 486 549 1,966
Other income (loss) 1,203 (509) 1,358
Total Revenues and Other Income 48,349 19,256 36,670
Costs and Expenses      
Purchased commodities 18,158 8,078 11,842
Production and operating expenses 5,694 4,344 5,322
Selling, general and administrative expenses 719 430 556
Exploration expenses 344 1,457 743
Depreciation, depletion and amortization 7,208 5,521 6,090
Impairments 674 813 405
Taxes other than income taxes 1,634 754 953
Accretion on discounted liabilities 242 252 326
Interest and debt expense 884 806 778
Foreign currency transaction (gains) losses (22) (72) 66
Other expenses 102 13 65
Total Costs and Expenses 35,637 22,396 27,146
Income (loss) before income taxes 12,712 (3,140) 9,524
Income tax provision (benefit) 4,633 (485) 2,267
Net income (loss) 8,079 (2,655) 7,257
Less: net income attributable to noncontrolling interests 0 (46) (68)
Net Income (Loss) Attributable to ConocoPhillips $ 8,079 $ (2,701) $ 7,189
Net Income (Loss) Attributable to ConocoPhillips Per Share of Common Stock (dollars)      
Basic $ 6.09 $ (2.51) $ 6.43
Diluted $ 6.07 $ (2.51) $ 6.40
Average Common Shares Outstanding (in thousands)      
Basic 1,324,194 1,078,030 1,117,260
Diluted 1,328,151 1,078,030 1,123,536