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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenues and Other    
Total $ 3,983 $ 3,694
Operating Expenses    
Lease and Well 318 270
Transportation Costs 228 202
Gathering and Processing Costs 144 139
Exploration Costs 45 33
Dry Hole Costs 3 11
Impairments 55 44
Marketing Costs 1,283 838
Depreciation, Depletion and Amortization 847 900
General and Administrative 124 110
Taxes Other Than Income 390 215
Total 3,437 2,762
Operating Income 546 932
Other Expense, Net (1) (4)
Income Before Interest Expense and Income Taxes 545 928
Interest Expense    
Interest Expense, Net 48 47
Income Before Income Taxes 497 881
Income Tax Provision 107 204
Net Income $ 390 $ 677
Net Income Per Share    
Basic $ 0.67 $ 1.17
Diluted $ 0.67 $ 1.16
Average Number of Common Shares    
Basic 582 580
Diluted 586 583
Other Comprehensive Loss    
Foreign Currency Translation Adjustments $ (1) $ (2)
Other, Net of Tax 0 0
Other Comprehensive Loss (1) (2)
Comprehensive Income 389 675
Crude Oil and Condensate    
Operating Revenues and Other    
Revenues 3,889 2,251
Natural Gas Liquids    
Operating Revenues and Other    
Revenues 681 314
Natural Gas    
Operating Revenues and Other    
Revenues 716 625
Losses on Mark-to-Market Financial Commodity Derivative Contracts    
Operating Revenues and Other    
Revenues (2,820) (367)
Gathering, Processing and Marketing    
Operating Revenues and Other    
Revenues 1,469 848
Gains (Losses) on Asset Dispositions, Net    
Operating Revenues and Other    
Revenues 25 (6)
Other, Net    
Operating Revenues and Other    
Revenues $ 23 $ 29