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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues and Other        
Total $ 5,573 $ 7,407 $ 11,617 $ 11,390
Operating Expenses        
Lease and Well 348 324 707 642
Transportation Costs 236 244 472 472
Gathering and Processing Costs 160 152 319 296
Exploration Costs 47 35 97 80
Dry Hole Costs 0 20 1 23
Impairments 35 91 69 146
Marketing Costs 1,456 2,127 2,817 3,410
Depreciation, Depletion and Amortization 866 911 1,664 1,758
General and Administrative 142 128 287 252
Taxes Other Than Income 313 472 642 862
Total 3,603 4,504 7,075 7,941
Operating Income 1,970 2,903 4,542 3,449
Other Income, Net 51 27 116 26
Income Before Interest Expense and Income Taxes 2,021 2,930 4,658 3,475
Interest Expense, Net 35 48 77 96
Income Before Income Taxes 1,986 2,882 4,581 3,379
Income Tax Provision 433 644 1,005 751
Net Income $ 1,553 $ 2,238 $ 3,576 $ 2,628
Net Income Per Share        
Basic (in USD per share) $ 2.68 $ 3.84 $ 6.14 $ 4.52
Diluted (in USD per share) $ 2.66 $ 3.81 $ 6.10 $ 4.48
Average Number of Common Shares        
Basic (in shares) 580 583 582 582
Diluted (in shares) 584 588 586 587
Comprehensive Income        
Net Income $ 1,553 $ 2,238 $ 3,576 $ 2,628
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments (1) 2 (1) 1
Other, Net of Tax 0 (1) 0 (1)
Other Comprehensive Income (Loss) (1) 1 (1) 0
Comprehensive Income 1,552 2,239 3,575 2,628
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 3,252 4,699 6,434 8,588
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 409 777 899 1,458
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 334 1,000 851 1,716
Gains (Losses) on Mark-to-Market Financial Commodity Derivative Contracts        
Operating Revenues and Other        
Revenue not from contract with customer 101 (1,377) 477 (4,197)
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 1,465 2,169 2,855 3,638
Gains (Losses) on Asset Dispositions, Net        
Operating Revenues and Other        
Revenue not from contract with customer (9) 97 60 122
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 21 $ 42 $ 41 $ 65