XML 22 R3.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenues $ 6,624 $ 5,737 $ 12,945 $ 11,126
Cost of sales:        
Production and delivery 3,875 3,549 7,719 6,714
Depreciation, depletion and amortization 509 547 1,104 946
Total cost of sales 4,384 4,096 8,823 7,660
Selling, general and administrative expenses 123 115 267 241
Exploration and research expenses 40 42 77 73
Environmental obligations and shutdown costs 28 74 95 141
Total costs and expenses 4,575 4,327 9,262 8,115
Operating income 2,049 1,410 3,683 3,011
Interest expense, net (88) (171) (177) (322)
Net gain on early extinguishment of debt 0 5 0 5
Other income, net 69 24 198 112
Income before income taxes and equity in affiliated companies’ net earnings 2,030 1,268 3,704 2,806
Provision for income taxes (754) (539) (1,266) (1,038)
Equity in affiliated companies’ net earnings 4 2 4 12
Net income 1,280 731 2,442 1,780
Net income (loss) attributable to noncontrolling interests 664 388 1,353 774
Net income attributable to common stockholders $ 616 $ 343 $ 1,089 $ 1,006
Net income per share attributable to common stockholders:        
Earnings per share, basic (in dollars per share) $ 0.42 $ 0.24 $ 0.75 $ 0.70
Earnings per share, diluted (in dollars per share) $ 0.42 $ 0.23 $ 0.75 $ 0.69
Weighted-average shares of common stock outstanding:        
Basic weighted-average shares of common stock outstanding 1,438 1,434 1,437 1,434
Diluted weighted-average shares of common shares outstanding 1,445 1,442 1,445 1,443
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30