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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues and Other      
Gains (Losses) on Asset Dispositions, Net $ 16 $ 95 $ 74
Total 23,698 24,186 25,702
Operating Expenses      
Lease and Well 1,572 1,454 1,331
Gathering, Processing and Transportation Costs 1,722 1,620 1,587
Exploration Costs 174 181 159
Dry Hole Costs 14 1 45
Impairments 391 202 382
Marketing Costs 5,717 5,709 6,535
Depreciation, Depletion and Amortization 4,108 3,492 3,542
General and Administrative 669 640 570
Taxes Other Than Income 1,249 1,284 1,585
Total 15,616 14,583 15,736
Operating Income 8,082 9,603 9,966
Other Income, Net 274 234 114
Income Before Interest Expense and Income Taxes 8,356 9,837 10,080
Interest Expense      
Incurred 183 181 215
Capitalized (45) (33) (36)
Interest Expense, Net 138 148 179
Income Before Income Taxes 8,218 9,689 9,901
Income Tax Provision 1,815 2,095 2,142
Net Income $ 6,403 $ 7,594 $ 7,759
Net Income Per Share      
Basic ( in usd per share) $ 11.31 $ 13.07 $ 13.31
Diluted (in usd per share) $ 11.25 $ 13.00 $ 13.22
Average Number of Common Shares      
Basic (in shares) 566 581 583
Diluted (in shares) 569 584 587
Comprehensive Income      
Net Income $ 6,403 $ 7,594 $ 7,759
Other Comprehensive Income (Loss)      
Foreign Currency Translation Adjustments 4 (1) 4
Deferred Postretirement Plan 1 0 0
Other comprehensive income (loss) 5 (1) 4
Comprehensive Income 6,408 7,593 7,763
Crude Oil and Condensate      
Operating Revenues and Other      
Revenue from contract with customer 13,921 13,748 16,367
Natural Gas Liquids      
Operating Revenues and Other      
Revenue from contract with customer 2,106 1,884 2,648
Natural Gas      
Operating Revenues and Other      
Revenue from contract with customer 1,551 1,744 3,781
Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net      
Operating Revenues and Other      
Revenue not from contract with customer 204 818 (3,982)
Gathering, Processing and Marketing      
Operating Revenues and Other      
Revenue from contract with customer 5,800 5,806 6,696
Other, Net      
Operating Revenues and Other      
Revenue not from contract with customer $ 100 $ 91 $ 118