Consolidated Income Statement - USD ($) shares in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Revenues and Other Income | ||||
| Sales and other operating revenues | $ 14,004,000,000 | $ 13,620,000,000 | $ 30,521,000,000 | $ 27,468,000,000 |
| Equity in earnings of affiliates | 315,000,000 | 403,000,000 | 707,000,000 | 824,000,000 |
| Gain (loss) on dispositions | 317,000,000 | (5,000,000) | 396,000,000 | 88,000,000 |
| Other income | 104,000,000 | 118,000,000 | 217,000,000 | 232,000,000 |
| Total Revenues and Other Income | 14,740,000,000 | 14,136,000,000 | 31,841,000,000 | 28,612,000,000 |
| Costs and Expenses | ||||
| Purchased commodities | 5,085,000,000 | 4,858,000,000 | 11,273,000,000 | 10,192,000,000 |
| Production and operating expenses | 2,572,000,000 | 2,164,000,000 | 5,078,000,000 | 4,179,000,000 |
| Selling, general and administrative expenses | 250,000,000 | 164,000,000 | 441,000,000 | 342,000,000 |
| Exploration expenses | 81,000,000 | 102,000,000 | 198,000,000 | 214,000,000 |
| Depreciation, depletion and amortization | 2,838,000,000 | 2,334,000,000 | 5,584,000,000 | 4,545,000,000 |
| Impairments | 1,000,000 | 34,000,000 | 2,000,000 | 34,000,000 |
| Taxes other than income taxes | 572,000,000 | 536,000,000 | 1,123,000,000 | 1,091,000,000 |
| Accretion on discounted liabilities | 95,000,000 | 80,000,000 | 189,000,000 | 160,000,000 |
| Interest and debt expense | 232,000,000 | 198,000,000 | 437,000,000 | 403,000,000 |
| Foreign currency transaction (gain) loss | (3,000,000) | 9,000,000 | 27,000,000 | (9,000,000) |
| Other expenses | 0 | (2,000,000) | 6,000,000 | (6,000,000) |
| Total Costs and Expenses | 11,723,000,000 | 10,477,000,000 | 24,358,000,000 | 21,145,000,000 |
| Income (loss) before income taxes | 3,017,000,000 | 3,659,000,000 | 7,483,000,000 | 7,467,000,000 |
| Income tax provision (benefit) | 1,046,000,000 | 1,330,000,000 | 2,663,000,000 | 2,587,000,000 |
| Net Income (Loss) | $ 1,971,000,000 | $ 2,329,000,000 | $ 4,820,000,000 | $ 4,880,000,000 |
| Net Income (Loss) Per Share of Common Stock (dollars) | ||||
| Basic (in dollars per share) | $ 1.56 | $ 1.99 | $ 3.80 | $ 4.15 |
| Diluted (in dollars per share) | $ 1.56 | $ 1.98 | $ 3.79 | $ 4.14 |
| Weighted-Average Common Shares Outstanding (in thousands) | ||||
| Basic (in shares) | 1,257,512 | 1,168,198 | 1,265,387 | 1,173,410 |
| Diluted (in shares) | 1,258,998 | 1,170,299 | 1,266,815 | 1,175,595 |
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense, before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement as well as Interest and debt related expenses associated with nonoperating financing activities of the entity. No definition available.
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- Definition Revenues And Other Income No definition available.
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- Definition Amount of accretion expense, which includes, but is not limited to, accretion expense from asset retirement obligations, environmental remediation obligations, and other contingencies. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Exploration expenses (including prospecting) related to oil and gas producing entities and would be included in operating expenses of that entity. Costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: (i) Costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. (ii) Costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, and the maintenance of land and lease records. (iii) Dry hole contributions and bottom hole contributions. (iv) Costs of drilling and equipping exploratory wells. (v) Costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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