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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Revenue $ 5,798 $ 5,074 $ 11,475 $ 9,358
Operating costs and expenses:        
Impairments and other charges [1] 0 344 0 366
SAP S4 Upgrade Expense 13 0 13 0
General and administrative 54 67 108 119
Total operating costs and expenses 4,787 4,700 9,487 8,473
Operating income 1,011 374 1,988 885
Interest expense, net of interest income (92) (101) (171) (208)
Loss on early extinguishment of debt 0 0 0 (42)
Other, net (32) (42) (101) (72)
Income (loss) from continuing operations before income taxes 783 231 1,612 563
Income tax (provision) benefit (167) (114) (341) (182)
Net income (loss) 616 117 1,271 381
Net (income) loss attributable to noncontrolling interest (6) (8) (10) (9)
Net income (loss) attributable to company $ 610 $ 109 $ 1,261 $ 372
Earnings Per Share, Basic $ 680,000 $ 120,000 $ 1,400,000 $ 410,000
Earnings Per Share, Diluted $ 680,000 $ 120,000 $ 1,390,000 $ 410,000
Weighted Average Number of Shares Outstanding, Basic 901 904 902 902
Weighted Average Number of Shares Outstanding, Diluted 903 909 905 906
Gain (Loss) on Blue Chip Swap Transaction $ (104) $ 0 $ (104) $ 0
Interest income 28 24 67 43
Noncontrolling Interest in Consolidated Subsidiaries        
Operating costs and expenses:        
Net income (loss) 6 8    
Services [Member]        
Revenue:        
Revenue 4,181 3,686 8,347 6,759
Operating costs and expenses:        
Cost of services and sales 3,404 3,123 6,803 5,833
Product sales [Member]        
Revenue:        
Revenue 1,617 1,388 3,128 2,599
Operating costs and expenses:        
Cost of services and sales $ 1,316 $ 1,166 $ 2,563 $ 2,155
[1] For the three and six months ended June 30, 2022 respectively, the amounts include $131 million and $136 million charges attributable to Completions and Production, and $178 million and $195 million charges attributable to Drilling and Evaluation. Both periods include a $35 million charge attributable to Corporate and other.