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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues and Other        
Gains (Losses) on Asset Dispositions, Net $ 20 $ (9) $ 46 $ 60
Total 6,025 5,573 12,148 11,617
Operating Expenses        
Lease and Well 390 348 786 707
Gathering, Processing and Transportation Costs 423 396 836 791
Exploration Costs 34 47 79 97
Dry Hole Costs 5 0 6 1
Impairments 81 35 100 69
Marketing Costs 1,490 1,456 2,894 2,817
Depreciation, Depletion and Amortization 984 866 2,058 1,664
General and Administrative 151 142 313 287
Taxes Other Than Income 337 313 675 642
Total 3,895 3,603 7,747 7,075
Operating Income 2,130 1,970 4,401 4,542
Other Income, Net 66 51 128 116
Income Before Interest Expense and Income Taxes 2,196 2,021 4,529 4,658
Interest Expense, Net 36 35 69 77
Income Before Income Taxes 2,160 1,986 4,460 4,581
Income Tax Provision 470 433 981 1,005
Net Income $ 1,690 $ 1,553 $ 3,479 $ 3,576
Net Income Per Share        
Basic (in USD per share) $ 2.97 $ 2.68 $ 6.08 $ 6.14
Diluted (in USD per share) $ 2.95 $ 2.66 $ 6.05 $ 6.10
Average Number of Common Shares        
Basic (in shares) 569 580 572 582
Diluted (in shares) 572 584 575 586
Comprehensive Income        
Net Income $ 1,690 $ 1,553 $ 3,479 $ 3,576
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 0 (1) 1 (1)
Other Comprehensive Income (Loss) 0 (1) 1 (1)
Comprehensive Income 1,690 1,552 3,480 3,575
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 3,692 3,252 7,172 6,434
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 515 409 1,028 899
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 303 334 685 851
Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts        
Operating Revenues and Other        
Revenue not from contract with customer (47) 101 190 477
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 1,519 1,465 2,978 2,855
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 23 $ 21 $ 49 $ 41