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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenues $ 22,855 $ 22,780 $ 22,845
Cost of sales:      
Production and delivery 13,627 13,070 12,032
Depreciation, depletion and amortization 2,068 2,019 1,998
Total cost of sales 15,695 15,089 14,030
Selling, general and administrative expenses 479 420 383
Exploration Expense 137 115 55
Environmental obligations and shutdown costs 319 121 91
Net gain on sales of assets 0 (2) (80)
Total costs and expenses 16,630 15,743 14,479
Operating income 6,225 7,037 8,366
Interest expense, net (515) (560) (602)
Net gain on early extinguishment of debt 10 31 0
Other income (expense), net 286 207 (105)
Income before income taxes and equity in affiliated companies’ net earnings 6,006 6,715 7,659
Provision for (benefit from) income taxes (2,270) (2,267) (2,299)
Equity in affiliated companies’ net earnings 15 31 5
Net income 3,751 4,479 5,365
Net income attributable to noncontrolling interests (1,903) (1,011) (1,059)
Net income attributable to common stockholders $ 1,848 $ 3,468 $ 4,306
Net income per share attributable to common stockholders:      
Income (Loss) from Continuing Operations, Per Basic Share $ 1.28 $ 2.40 $ 2.93
Income (Loss) from Continuing Operations, Per Diluted Share $ 1.28 $ 2.39 $ 2.90
Weighted-average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 1,434 1,441 1,466
Weighted Average Number of Shares Outstanding, Diluted 1,443 1,451 1,482
Dividends declared per share of common stock (in dollars per share) $ 0.60 $ 0.60 $ 0.375