v3.25.2
SEGMENTS - RECONCILES SEGMENT INCOME FROM COUNTINUING OPERATIONS (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
segment
Jun. 30, 2024
USD ($)
Segment Information        
Number of operating segments | segment     3  
Number of reportable segments | segment     3  
Income from continuing operations before income taxes $ 738 $ 1,635 $ 2,070 $ 2,645
Interest and debt expense, net (276) (252) (594) (536)
Income tax expense (270) (465) (657) (769)
Income from continuing operations 468 1,170 1,413 1,876
Discontinued operations, net of taxes 0 0 0 182
NET INCOME 468 1,170 1,413 2,058
Less: Net income attributable to noncontrolling interest (10) (8) (19) (8)
Less: Preferred stock dividends (170) (170) (340) (340)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 288 992 1,054 1,710
Operating segments | Oil and gas        
Segment Information        
Income from continuing operations before income taxes 934 1,639 2,631 2,877
Operating segments | Chemical        
Segment Information        
Income from continuing operations before income taxes 213 296 398 550
Operating segments | Midstream and marketing        
Segment Information        
Income from continuing operations before income taxes 49 116 (28) 83
Corporate and eliminations        
Segment Information        
Income from continuing operations before income taxes $ (182) $ (164) $ (337) $ (329)