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Consolidated Condensed Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES AND OTHER INCOME    
Net sales $ 7,225 $ 8,349
Interest, dividends and other income 29 49
Gains on sales of assets, net 4 135
Total 7,258 8,533
COSTS AND OTHER DEDUCTIONS    
Oil and gas operating expense 1,081 864
Transportation and gathering expense 384 347
Chemical and midstream cost of sales 745 818
Purchased commodities 498 811
Selling, general and administrative expenses 241 196
Other operating and non-operating expense 308 299
Taxes other than on income 306 335
Depreciation, depletion and amortization 1,721 1,643
Anadarko acquisition-related costs 0 65
Exploration expense 102 25
Interest and debt expense, net 238 371
Total 5,624 5,774
Income before income taxes and other items 1,634 2,759
OTHER ITEMS    
Gains on interest rate swaps, net 0 135
Income from equity investments and other 100 189
Total 100 324
Income before income taxes 1,734 3,083
Income tax (expense) benefit (471) 1,793
NET INCOME 1,263 4,876
Less: Preferred stock dividends and redemption premiums (280) (200)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 983 $ 4,676
PER COMMON SHARE    
Net income (loss) attributable to common stockholders—basic (in dollars per share) $ 1.08 $ 4.96
Net income (loss) attributable to common stockholders per share—diluted (in dollars per share) $ 1.00 $ 4.65