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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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues and Other        
Gains (Losses) on Asset Dispositions, Net $ 0 $ 20 $ (1) $ 46
Total 5,478 6,025 11,147 12,148
Operating Expenses        
Lease and Well 396 390 797 786
Gathering, Processing and Transportation Costs 455 423 895 836
Exploration Costs 74 34 115 79
Dry Hole Costs 11 5 45 6
Impairments 39 81 83 100
Marketing Costs 1,216 1,490 2,541 2,894
Depreciation, Depletion and Amortization 1,053 984 2,066 2,058
General and Administrative 186 151 357 313
Taxes Other Than Income 301 337 642 675
Total 3,731 3,895 7,541 7,747
Operating Income 1,747 2,130 3,606 4,401
Other Income, Net 55 66 120 128
Income Before Interest Expense and Income Taxes 1,802 2,196 3,726 4,529
Interest Expense, Net 51 36 98 69
Income Before Income Taxes 1,751 2,160 3,628 4,460
Income Tax Provision 406 470 820 981
Net Income $ 1,345 $ 1,690 $ 2,808 $ 3,479
Net Income Per Share        
Basic (in USD per share) $ 2.48 $ 2.97 $ 5.13 $ 6.08
Diluted (in USD per share) $ 2.46 $ 2.95 $ 5.11 $ 6.05
Average Number of Common Shares        
Basic (in shares) 543 569 547 572
Diluted (in shares) 546 572 549 575
Comprehensive Income        
Net Income $ 1,345 $ 1,690 $ 2,808 $ 3,479
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments (3) 0 (3) 1
Other Comprehensive Income (Loss) (3) 0 (3) 1
Comprehensive Income 1,342 1,690 2,805 3,480
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 2,974 3,692 6,267 7,172
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 534 515 1,106 1,028
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 600 303 1,237 685
Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net        
Operating Revenues and Other        
Revenue not from contract with customer 107 (47) (84) 190
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 1,247 1,519 2,587 2,978
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 16 $ 23 $ 35 $ 49