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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues and Other        
Total $ 7,407 $ 4,139 $ 11,390 $ 7,833
Operating Expenses        
Lease and Well 324 270 642 540
Transportation Costs 244 214 472 416
Gathering and Processing Costs 152 128 296 267
Exploration Costs 35 35 80 68
Dry Hole Costs 20 13 23 24
Impairments 91 44 146 88
Marketing Costs 2,127 991 3,410 1,829
Depreciation, Depletion and Amortization 911 914 1,758 1,814
General and Administrative 128 120 252 230
Taxes Other Than Income 472 239 862 454
Total 4,504 2,968 7,941 5,730
Operating Income 2,903 1,171 3,449 2,103
Other Income (Expense), Net 27 (2) 26 (6)
Income Before Interest Expense and Income Taxes 2,930 1,169 3,475 2,097
Interest Expense, Net 48 45 96 92
Income Before Income Taxes 2,882 1,124 3,379 2,005
Income Tax Provision 644 217 751 421
Net Income $ 2,238 $ 907 $ 2,628 $ 1,584
Net Income Per Share        
Basic (in USD per share) $ 3.84 $ 1.56 $ 4.52 $ 2.73
Diluted (in USD per share) $ 3.81 $ 1.55 $ 4.48 $ 2.72
Average Number of Common Shares        
Basic (in shares) 583 580 582 580
Diluted (in shares) 588 584 587 583
Comprehensive Income        
Net Income $ 2,238 $ 907 $ 2,628 $ 1,584
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 2 (1) 1 (3)
Other, Net of Tax (1) 0 (1) 0
Other Comprehensive Income (Loss) 1 (1) 0 (3)
Comprehensive Income 2,239 906 2,628 1,581
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 4,699 2,699 8,588 4,950
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 777 367 1,458 681
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 1,000 404 1,716 1,029
Losses on Mark-to-Market Financial Commodity Derivative Contracts        
Operating Revenues and Other        
Revenue not from contract with customer (1,377) (427) (4,197) (794)
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 2,169 1,022 3,638 1,870
Gains on Asset Dispositions, Net        
Operating Revenues and Other        
Revenue not from contract with customer 97 51 122 45
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 42 $ 23 $ 65 $ 52