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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenues $ 5,737 $ 5,416 $ 11,126 $ 12,019
Cost of sales:        
Production and delivery 3,548 3,003 6,712 6,153
Depreciation, depletion and amortization (DD&A) 547 507 946 996
Metals inventory adjustments 1 18 2 18
Total cost of sales 4,096 3,528 7,660 7,167
Selling, general and administrative expenses 115 100 241 215
Mining exploration and research expenses 42 25 73 49
Environmental obligations and shutdown costs 74 29 141 45
Net gain on sales of assets 0 (2) 0 (2)
Total costs and expenses 4,327 3,680 8,115 7,474
Operating income 1,410 1,736 3,011 4,545
Interest expense, net (171) (156) (322) (283)
Net gain on early extinguishment of debt 5 8 5 8
Other income, net 24 11 112 42
Income before income taxes and equity in affiliated companies’ net earnings 1,268 1,599 2,806 4,312
Provision for income taxes (539) (571) (1,038) (1,395)
Equity in affiliated companies’ net earnings 2 10 12 25
Net income 731 1,038 1,780 2,942
Net income (loss) attributable to noncontrolling interests 388 198 774 575
Net income attributable to common stockholders $ 343 $ 840 $ 1,006 $ 2,367
Net income per share attributable to common stockholders:        
Earnings per share, basic (in dollars per share) $ 0.24 $ 0.58 $ 0.70 $ 1.63
Earnings per share, diluted (in dollars per share) $ 0.23 $ 0.57 $ 0.69 $ 1.61
Weighted-average shares of common stock outstanding:        
Basic weighted-average shares of common stock outstanding 1,434 1,447 1,434 1,451
Diluted weighted-average shares of common shares outstanding 1,442 1,457 1,443 1,463
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30