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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, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenues and Other        
Gains (Losses) on Asset Dispositions, Net $ 58 $ 0 $ 89 $ (1)
Total 8,620 5,478 15,541 11,147
Operating Expenses        
Lease and Well 467 396 929 797
Gathering, Processing and Transportation Costs 676 455 1,330 895
Exploration Costs 47 74 92 115
Dry Hole Costs 30 11 53 45
Impairments 19 39 58 83
Marketing Costs 1,950 1,216 3,334 2,541
Depreciation, Depletion and Amortization 1,259 1,053 2,452 2,066
General and Administrative 213 186 398 357
Taxes Other Than Income 431 301 769 642
Total 5,092 3,731 9,415 7,541
Operating Income 3,528 1,747 6,126 3,606
Other Income, Net 38 55 61 120
Income Before Interest Expense and Income Taxes 3,566 1,802 6,187 3,726
Interest Expense, Net 67 51 133 98
Income Before Income Taxes 3,499 1,751 6,054 3,628
Income Tax Provision 775 406 1,350 820
Net Income $ 2,724 $ 1,345 $ 4,704 $ 2,808
Net Income Per Share        
Basic (in USD per share) $ 5.18 $ 2.48 $ 8.89 $ 5.13
Diluted (in USD per share) $ 5.15 $ 2.46 $ 8.84 $ 5.11
Average Number of Common Shares        
Basic (in shares) 526 543 529 547
Diluted (in shares) 529 546 532 549
Comprehensive Income        
Net Income $ 2,724 $ 1,345 $ 4,704 $ 2,808
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 1 (3) 2 (3)
Other Comprehensive Income (Loss) 1 (3) 2 (3)
Comprehensive Income 2,725 1,342 4,706 2,805
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 4,901 2,974 8,478 6,267
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 770 534 1,434 1,106
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 812 600 1,833 1,237
Gains (Losses) on Mark-to-Market Financial Commodity and Other Derivative Contracts, Net        
Operating Revenues and Other        
Revenue not from contract with customer 40 107 153 (84)
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 2,011 1,247 3,507 2,587
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 28 $ 16 $ 47 $ 35