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Consolidated Condensed Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES AND OTHER INCOME    
Net sales $ 5,975 $ 7,225
Interest, dividends and other income 36 29
Gains (losses) on sales of assets and other, net (1) 4
Total 6,010 7,258
COSTS AND OTHER DEDUCTIONS    
Oil and gas operating expense 1,161 1,081
Transportation and gathering expense 353 384
Chemical and midstream cost of sales 742 745
Purchased commodities 86 498
Selling, general and administrative expenses 259 241
Other operating and non-operating expense 410 308
Taxes other than on income 235 306
Depreciation, depletion and amortization 1,693 1,721
Acquisition-related costs 12 0
Exploration expense 66 102
Interest and debt expense, net 284 238
Total 5,301 5,624
Income before income taxes and other items 709 1,634
OTHER ITEMS    
Income from equity investments and other 301 100
Total 301 100
Income before income taxes 1,010 1,734
Income tax expense (304) (471)
Income from continuing operations 706 1,263
Discontinued operations, net of taxes 182 0
NET INCOME 888 1,263
Less: Preferred stock dividends and redemption premiums (170) (280)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 718 $ 983
PER COMMON SHARE    
Income from continuing operations—basic (in dollars per share) $ 0.60 $ 1.08
Discontinued operations—basic (in dollars per share) 0.21 0
Net income attributable to common stockholders—basic (in dollars per share) 0.81 1.08
PER COMMON SHARE, DILUTED    
Income from continuing operations—diluted (in dollars per share) 0.56 1.00
Discontinued operations—diluted (in dollars per share) 0.19 0
Net income attributable to common stockholders—diluted (in dollars per share) $ 0.75 $ 1.00