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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 6,790 $ 5,824 $ 19,735 $ 16,950
Cost of sales:        
Production and delivery 4,077 3,553 11,796 10,267
Depreciation, depletion and amortization 600 533 1,704 1,479
Total cost of sales 4,677 4,086 13,500 11,746
Selling, general and administrative expenses 117 118 384 359
Exploration and research expenses 38 30 115 103
Environmental obligations and shutdown costs 20 98 115 239
Total costs and expenses 4,852 4,332 14,114 12,447
Operating income 1,938 1,492 5,621 4,503
Interest expense, net (72) (96) (249) (418)
Net gain on early extinguishment of debt 0 5 0 10
Other income, net 97 71 295 183
Income before income taxes and equity in affiliated companies’ net earnings 1,963 1,472 5,667 4,278
Provision for income taxes (737) (508) (2,003) (1,546)
Equity in affiliated companies’ net earnings 10 0 14 12
Net income 1,236 964 3,678 2,744
Net income (loss) attributable to noncontrolling interests 710 510 2,063 1,284
Net income attributable to common stockholders $ 526 $ 454 $ 1,615 $ 1,460
Net income per share attributable to common stockholders:        
Earnings per share, basic (in dollars per share) $ 0.36 $ 0.31 $ 1.12 $ 1.01
Earnings per share, diluted (in dollars per share) $ 0.36 $ 0.31 $ 1.11 $ 1.01
Weighted-average shares of common stock outstanding:        
Basic weighted-average shares of common stock outstanding 1,438 1,435 1,438 1,434
Diluted weighted-average shares of common shares outstanding 1,444 1,443 1,445 1,443
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45