v3.25.2
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sales and other operating revenues:        
Sales and other operating revenues: $ 7,658 $ 8,678 $ 15,335 $ 16,982
Operating costs and expenses:        
Cost of sales 6,871 7,244 13,999 14,444
Impairments 32 0 32 0
Selling, general and administrative expenses 435 402 836 823
Research and development expenses 35 33 69 65
Operating costs and expenses: 7,373 7,679 14,936 15,332
Operating income 285 999 399 1,650
Interest expense (118) (120) (225) (247)
Interest income 21 37 51 78
Gain on sale of business 0 293 0 293
Other income, net 29 9 50 14
Income from continuing operations before equity investments and income taxes 217 1,218 275 1,788
Income (loss) from equity investments 7 (19) 8 (46)
Income from continuing operations before income taxes 224 1,199 283 1,742
Provision for income taxes 69 253 105 363
Income from continuing operations 155 946 178 1,379
(Loss) income from discontinued operations, net of tax (40) (22) 114 18
Net income 115 924 292 1,397
Dividends on redeemable non-controlling interests (1) (1) (3) (3)
Net income attributable to the Company shareholders $ 114 $ 923 $ 289 $ 1,394
Basic        
Continuing operations (in dollars per share) $ 0.47 $ 2.89 $ 0.53 $ 4.21
Discontinued operations (in dollars per share) (0.13) (0.07) 0.35 0.05
Basic (in dollars per share) 0.34 2.82 0.88 4.26
Diluted        
Continuing operations (in dollars per share) 0.47 2.88 0.53 4.20
Discontinued operations (in dollars per share) (0.13) (0.06) 0.35 0.05
Diluted (in dollars per share) $ 0.34 $ 2.82 $ 0.88 $ 4.25
Trade        
Sales and other operating revenues:        
Sales and other operating revenues: $ 7,503 $ 8,518 $ 15,031 $ 16,654
Related parties        
Sales and other operating revenues:        
Sales and other operating revenues: $ 155 $ 160 $ 304 $ 328