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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Revenues $ 22,845 $ 14,198 $ 14,402
Cost of sales:      
Production and delivery 12,016 10,031 11,534
Depreciation, depletion and amortization 1,998 1,528 1,412
Metals inventory adjustments 16 96 179
Total cost of sales 14,030 11,655 13,125
Selling, general and administrative expenses 383 370 394
Exploration Expense 55 50 104
Environmental obligations and shutdown costs 91 159 105
Net gain on sales of assets (80) (473) (417)
Total costs and expenses 14,479 11,761 13,311
Operating income 8,366 2,437 1,091
Interest expense, net (602) (598) (620)
Net loss on early extinguishment of debt 0 (101) (27)
Other (expense) income, net (105) 59 (138)
Income from continuing operations before income taxes and equity in affiliated companies’ net earnings 7,659 1,797 306
Provision for (benefit from) income taxes (2,299) (944) (510)
Equity in affiliated companies’ net earnings 5 12 12
Net income (loss) from continuing operations 5,365 865 (192)
Net income from discontinued operations 0 0 3
Net income (loss) 5,365 865 (189)
Net income from continuing operations attributable to noncontrolling interests (1,059) (266) (50)
Net income (loss) attributable to common stockholders $ 4,306 $ 599 $ (239)
Basic net income (loss) per share attributable to common stockholders:      
Income (Loss) from Continuing Operations, Per Basic Share $ 2.93 $ 0.41 $ (0.17)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 0 0 0
Earnings per share, basic (in dollars per share) 2.93 0.41 (0.17)
Diluted net income (loss) per share attributable to common stockholders:      
Income (Loss) from Continuing Operations, Per Diluted Share 2.90 0.41 (0.17)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic and Diluted Share 0 0 0
Earnings Per Share, Diluted $ 2.90 $ 0.41 $ (0.17)
Weighted Average Number of Shares Outstanding, Basic 1,466 1,453 1,451
Weighted Average Number of Shares Outstanding, Diluted 1,482 1,461 1,451
Dividends declared per share of common stock (in dollars per share) $ 0.375 $ 0 $ 0.20