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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
REVENUES AND OTHER INCOME      
Net sales $ 36,634 $ 25,956 $ 17,809
Interest, dividends and other income 153 166 118
Gains (losses) on sale of assets, net 308 192 (1,666)
Total 37,095 26,314 16,261
COSTS AND OTHER DEDUCTIONS      
Oil and gas operating expense 4,028 3,160 3,065
Transportation and gathering expense 1,475 1,419 1,600
Chemical and midstream cost of sales 3,273 2,772 2,408
Purchased commodities 3,287 2,308 1,395
Selling, general and administrative 945 863 864
Other operating and non-operating expense 1,271 1,065 884
Taxes other than on income 1,548 1,005 622
Depreciation, depletion and amortization 6,926 8,447 8,097
Asset impairments and other charges 0 304 11,083
Anadarko Acquisition-related costs 89 153 339
Exploration expense 216 252 132
Interest and debt expense, net 1,030 1,614 1,424
Total 24,088 23,362 31,913
Income (loss) before income taxes and other items 13,007 2,952 (15,652)
OTHER ITEMS      
Gains (losses) on interest rate swaps and warrants, net 317 122 (423)
Income from equity investments 793 631 370
Total 1,110 753 (53)
Income (loss) from continuing operations before income taxes 14,117 3,705 (15,705)
Income tax benefit (expense) (813) (915) 2,172
Income (loss) from continuing operations 13,304 2,790 (13,533)
Loss from discontinued operations, net of tax 0 (468) (1,298)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS 13,304 2,322 (14,831)
Less: Preferred stock dividends (800) (800) (844)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 12,504 $ 1,522 $ (15,675)
PER COMMON SHARE, BASIC      
Income (loss) from continuing operations—basic (in dollars per share) $ 13.41 $ 2.12 $ (15.65)
Loss from discontinued operations—basic (in dollars per share) 0 (0.50) (1.41)
Net income (loss) attributable to common stockholders—basic (in dollars per share) 13.41 1.62 (17.06)
PER COMMON SHARE, DILUTED      
Income (loss) from continuing operations—diluted (in dollars per share) 12.40 2.06 (15.65)
Loss from discontinued operations—diluted (in dollars per share) 0 (0.48) (1.41)
Net income (loss) attributable to common stockholders—diluted (in dollars per share) $ 12.40 $ 1.58 $ (17.06)