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Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Preferred Stock
Common Stock
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance at Dec. 31, 2022 $ 30,085 $ 9,762 $ 220 $ (13,772) $ 17,181 $ 16,499 $ 195 $ 0
Increase (Decrease) in Stockholders' Equity                
Net income 4,696         4,696    
Other comprehensive income (loss), net of tax 80           80  
Dividends on common stock (646)         (646)    
Dividends on preferred stock (736)         (736)    
Preferred stock redemption – face value (1,511) (1,511)            
Preferred stock redemption – premium (151)         (151)    
Preferred stock redemption – amortization of carrying value 0 36       (36)    
Shareholder warrants exercised 99   1   98      
Options exercised 13       13      
Issuance of common stock and other, net 131   1   130      
Purchases of treasury stock (1,810)     (1,810)        
Noncontrolling interest contributions, net 99             99
Ending balance at Dec. 31, 2023 30,349 8,287 222 (15,582) 17,422 19,626 275 99
Increase (Decrease) in Stockholders' Equity                
Net income 3,078         3,056   22
Other comprehensive income (loss), net of tax (96)           (96)  
Dividends on common stock (814)         (814)    
Dividends on preferred stock (679)         (679)    
Shareholder warrants exercised 559   5   554      
Issuance of common stock and other, net 143       143      
Purchases of treasury stock (15)     (15)        
Common Stock issued for CrownRock acquisition 1,755   6   1,749      
Noncontrolling interest contributions, net 200             200
Ending balance at Dec. 31, 2024 34,480 8,287 233 (15,597) 19,868 21,189 179 321
Increase (Decrease) in Stockholders' Equity                
Net income 2,369         2,326   43
Other comprehensive income (loss), net of tax 23           23  
Dividends on common stock (945)         (945)    
Dividends on preferred stock (679)         (679)    
Shareholder warrants exercised 930   9   921      
Issuance of common stock and other, net 220   1   219      
Noncontrolling interest contributions, net 200             200
Ending balance at Dec. 31, 2025 $ 36,598 $ 8,287 $ 243 $ (15,597) $ 21,008 $ 21,891 $ 202 $ 564