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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues and Other      
Gains on Asset Dispositions, Net $ 95 $ 74 $ 17
Total 24,186 25,702 18,642
Operating Expenses      
Lease and Well 1,454 1,331 1,135
Transportation Costs 957 966 863
Gathering and Processing Costs 663 621 559
Exploration Costs 181 159 154
Dry Hole Costs 1 45 71
Impairments 202 382 376
Marketing Costs 5,709 6,535 4,173
Depreciation, Depletion and Amortization 3,492 3,542 3,651
General and Administrative 640 570 511
Taxes Other Than Income 1,284 1,585 1,047
Total 14,583 15,736 12,540
Operating Income 9,603 9,966 6,102
Other Income, Net 234 114 9
Income Before Interest Expense and Income Taxes 9,837 10,080 6,111
Interest Expense      
Incurred 181 215 211
Capitalized (33) (36) (33)
Interest Expense, Net 148 179 178
Income Before Income Taxes 9,689 9,901 5,933
Income Tax Provision 2,095 2,142 1,269
Net Income $ 7,594 $ 7,759 $ 4,664
Net Income Per Share      
Basic ( in usd per share) $ 13.07 $ 13.31 $ 8.03
Diluted (in usd per share) $ 13.00 $ 13.22 $ 7.99
Average Number of Common Shares      
Basic (in shares) 581 583 581
Diluted (in shares) 584 587 584
Comprehensive Income      
Net Income $ 7,594 $ 7,759 $ 4,664
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments (1) 4 (1)
Other, Net of Tax 0 0 1
Other Comprehensive Income (Loss) (1) 4 0
Comprehensive Income 7,593 7,763 4,664
Crude Oil and Condensate      
Operating Revenues and Other      
Revenue from contract with customer 13,748 16,367 11,125
Natural Gas Liquids      
Operating Revenues and Other      
Revenue from contract with customer 1,884 2,648 1,812
Natural Gas      
Operating Revenues and Other      
Revenue from contract with customer 1,744 3,781 2,444
Gains (Losses) on Mark-to-Market Financial Commodity Derivative Contracts, Net      
Operating Revenues and Other      
Revenue not from contract with customer 818 (3,982) (1,152)
Gathering, Processing and Marketing      
Operating Revenues and Other      
Revenue from contract with customer 5,806 6,696 4,288
Other, Net      
Operating Revenues and Other      
Revenue not from contract with customer $ 91 $ 118 $ 108