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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues and Other        
Total $ 6,212 $ 7,593 $ 17,829 $ 18,983
Operating Expenses        
Lease and Well 369 335 1,076 977
Transportation Costs 240 257 712 729
Gathering and Processing Costs 166 167 485 463
Exploration Costs 43 35 140 115
Dry Hole Costs 0 18 1 41
Impairments 54 94 123 240
Marketing Costs 1,383 1,621 4,200 5,031
Depreciation, Depletion and Amortization 898 906 2,562 2,664
General and Administrative 161 162 448 414
Taxes Other Than Income 341 334 983 1,196
Total 3,655 3,929 10,730 11,870
Operating Income 2,557 3,664 7,099 7,113
Other Income, Net 52 40 168 66
Income Before Interest Expense and Income Taxes 2,609 3,704 7,267 7,179
Interest Expense, Net 36 41 113 137
Income Before Income Taxes 2,573 3,663 7,154 7,042
Income Tax Provision 543 809 1,548 1,560
Net Income $ 2,030 $ 2,854 $ 5,606 $ 5,482
Net Income Per Share        
Basic (in USD per share) $ 3.51 $ 4.90 $ 9.65 $ 9.40
Diluted (in USD per share) $ 3.48 $ 4.86 $ 9.60 $ 9.34
Average Number of Common Shares        
Basic (in shares) 579 583 581 583
Diluted (in shares) 583 587 584 587
Comprehensive Income        
Net Income $ 2,030 $ 2,854 $ 5,606 $ 5,482
Other Comprehensive Income        
Foreign Currency Translation Adjustments 2 5 1 6
Other, Net of Tax 0 1 0 0
Other Comprehensive Income 2 6 1 6
Comprehensive Income 2,032 2,860 5,607 5,488
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 3,717 4,109 10,151 12,697
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 501 693 1,400 2,151
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 417 1,235 1,268 2,951
Gains (Losses) on Mark-to-Market Financial Commodity Derivative Contracts        
Operating Revenues and Other        
Revenue not from contract with customer 43 (18) 520 (4,215)
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 1,478 1,561 4,333 5,199
Gains (Losses) on Asset Dispositions, Net        
Operating Revenues and Other        
Revenue not from contract with customer 35 (21) 95 101
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 21 $ 34 $ 62 $ 99