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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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues and Other        
Gains (Losses) on Asset Dispositions, Net $ (7) $ 35 $ 39 $ 95
Total 5,965 6,212 18,113 17,829
Operating Expenses        
Lease and Well 392 369 1,178 1,076
Gathering, Processing and Transportation Costs 445 406 1,281 1,197
Exploration Costs 43 43 122 140
Dry Hole Costs 0 0 6 1
Impairments 15 54 115 123
Marketing Costs 1,500 1,383 4,394 4,200
Depreciation, Depletion and Amortization 1,031 898 3,089 2,562
General and Administrative 167 161 480 448
Taxes Other Than Income 283 341 958 983
Total 3,876 3,655 11,623 10,730
Operating Income 2,089 2,557 6,490 7,099
Other Income, Net 76 52 204 168
Income Before Interest Expense and Income Taxes 2,165 2,609 6,694 7,267
Interest Expense, Net 31 36 100 113
Income Before Income Taxes 2,134 2,573 6,594 7,154
Income Tax Provision 461 543 1,442 1,548
Net Income $ 1,673 $ 2,030 $ 5,152 $ 5,606
Net Income Per Share        
Basic (in USD per share) $ 2.97 $ 3.51 $ 9.05 $ 9.65
Diluted (in USD per share) $ 2.95 $ 3.48 $ 8.99 $ 9.60
Average Number of Common Shares        
Basic (in shares) 564 579 569 581
Diluted (in shares) 568 583 573 584
Comprehensive Income        
Net Income $ 1,673 $ 2,030 $ 5,152 $ 5,606
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments (1) 2 0 1
Other Comprehensive Income (Loss) (1) 2 0 1
Comprehensive Income 1,672 2,032 5,152 5,607
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 3,488 3,717 10,660 10,151
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 524 501 1,552 1,400
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 372 417 1,057 1,268
Gains on Mark-to-Market Financial Commodity and Other Derivative Contracts        
Operating Revenues and Other        
Revenue not from contract with customer 79 43 269 520
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 1,481 1,478 4,459 4,333
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 28 $ 21 $ 77 $ 62