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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
[1]
Sep. 30, 2020
Sep. 30, 2019
[1]
REVENUES:        
Total revenues $ 9,955 $ 13,495 $ 28,920 $ 40,493
COSTS AND EXPENSES:        
Cost of products sold 6,376 9,864   29,642
Operating expenses 773 806   2,406
Depreciation, depletion and amortization 912 784 2,715 2,343
Selling, general and administrative 176 173   499
Impairment losses 1,474 12 2,803 62
Total costs and expenses 9,711 11,639   34,952
OPERATING INCOME 244 1,856   5,541
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (569) (579) (1,750) (1,747)
Equity in earnings (losses) of unconsolidated affiliates (32) 82 46 224
Equity Method Investment, Other than Temporary Impairment (129) 0 (129) 0
Losses on extinguishments of debt 0 0 (62) (18)
Gains (losses) on interest rate derivatives 55 (175) (277) (371)
Other, net 71 57   99
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (360) 1,241 (525) 3,728
Income tax expense 41 54 168 214
NET INCOME (LOSS) (401) 1,187 (693) 3,514
Less: Net income attributable to noncontrolling interests 369 317 554 931
Less: Net income attributable to redeemable noncontrolling interests 12 12 37 38
NET INCOME (LOSS) ATTRIBUTABLE TO PARTNERS (782) 858 (1,284) 2,545
General Partner’s interest in net income (loss) 0 1 (1) 3
Limited Partners’ interest in net income (loss) $ (782) $ 857 $ (1,283) $ 2,542
INCOME FROM CONTINUING OPERATIONS PER LIMITED PARTNER UNIT:        
Basic $ (0.29) $ 0.33 $ (0.48) $ 0.97
Diluted (0.29) 0.33 (0.48) 0.97
NET INCOME (LOSS) PER LIMITED PARTNER UNIT:        
Basic (0.29) 0.33 (0.48) 0.97
Diluted $ (0.29) $ 0.33 $ (0.48) $ 0.97
Refined product sales        
REVENUES:        
Revenue $ 2,720 $ 4,311 $ 7,952 $ 12,514
COSTS AND EXPENSES:        
Cost of products sold     18,784  
Operating expenses     2,422  
Depreciation, depletion and amortization     2,715  
Selling, general and administrative     555  
Impairment losses     2,803  
Total costs and expenses     27,279  
OPERATING INCOME     1,641  
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized     (1,750)  
Equity in earnings (losses) of unconsolidated affiliates     46  
Losses on extinguishments of debt     (62)  
Gains (losses) on interest rate derivatives     (277)  
Other, net     6  
INCOME (LOSS) BEFORE INCOME TAX EXPENSE     (525)  
Crude sales        
REVENUES:        
Revenue 2,298 3,971 7,170 11,842
NGL sales        
REVENUES:        
Revenue 1,808 1,723 4,751 6,121
Gathering, transportation and other fees        
REVENUES:        
Revenue 2,283 2,466 6,805 6,768
Natural gas sales        
REVENUES:        
Revenue 681 822 1,783 2,549
Other        
REVENUES:        
Revenue $ 165 $ 202 $ 459 $ 699
[1] *As adjusted. See Note 1.