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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 7,582 $ 6,624 $ 13,310 $ 12,945
Cost of sales:        
Production and delivery 4,282 3,875 8,038 7,719
Depreciation, depletion and amortization 668 509 1,134 1,104
Total cost of sales 4,950 4,384 9,172 8,823
Selling, general and administrative expenses 127 123 281 267
Exploration and research expenses 46 40 85 77
Environmental obligations and shutdown costs 27 28 37 95
Total costs and expenses 5,150 4,575 9,575 9,262
Operating income 2,432 2,049 3,735 3,683
Interest expense, net (82) (88) (152) (177)
Other income, net 41 69 99 198
Income before income taxes and equity in affiliated companies’ net earnings 2,391 2,030 3,682 3,704
Provision for income taxes (850) (754) (1,350) (1,266)
Equity in affiliated companies’ net earnings 6 4 8 4
Net income 1,547 1,280 2,340 2,442
Net income (loss) attributable to noncontrolling interests 775 664 1,216 1,353
Net income attributable to common stockholders $ 772 $ 616 $ 1,124 $ 1,089
Net income per share attributable to common stockholders:        
Earnings per share, basic (in dollars per share) $ 0.53 $ 0.42 $ 0.78 $ 0.75
Earnings per share, diluted (in dollars per share) $ 0.53 $ 0.42 $ 0.77 $ 0.75
Weighted-average shares of common stock outstanding:        
Basic weighted-average shares of common stock outstanding 1,437 1,438 1,438 1,437
Diluted weighted-average shares of common shares outstanding 1,443 1,445 1,444 1,445
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30