v3.25.3
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock Issued
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance at Dec. 31, 2023 $ 21,359 $ 11,624 $ (678) $ 13,497 $ (4,254) $ 1,170
Net income 3,461     3,366   95
Currency translation adjustments 11       11  
Changes in fair value of cash flow hedges (45)       (45)  
Pension and other postretirement benefit plans (15)       (15)  
Shares sold to optionees, less shares exchanged 25 (9) 34      
Vesting of restricted stock, net of taxes withheld (86) (386) 300      
Employee stock purchase plan 219 (65) 284      
Stock repurchase program (1,236)   (1,236)      
Stock-based compensation expense 244 244        
Dividends declared (1,176)     (1,176)    
Dividends paid to noncontrolling interests (36)         (36)
Other 3   2   13 (12)
Balance at Sep. 30, 2024 22,728 11,408 (1,294) 15,687 (4,290) 1,217
Balance at Jun. 30, 2024 22,280 11,401 (973) 14,890 (4,247) 1,209
Net income 1,218     1,186   32
Currency translation adjustments (42)       (42)  
Changes in fair value of cash flow hedges (7)       (7)  
Pension and other postretirement benefit plans (6)       (6)  
Shares sold to optionees, less shares exchanged 5   5      
Vesting of restricted stock, net of taxes withheld (8) (35) 27      
Employee stock purchase plan 119 (29) 148      
Stock repurchase program (501)   (501)      
Stock-based compensation expense 71 71        
Dividends declared (389)     (389)    
Dividends paid to noncontrolling interests (24)         (24)
Other 12       12  
Balance at Sep. 30, 2024 22,728 11,408 (1,294) 15,687 (4,290) 1,217
Balance at Dec. 31, 2024 $ 22,350 $ 11,458 $ (1,773) 16,395 (4,950) 1,220
Balance, shares at Dec. 31, 2024 1,401 1,439        
Treasury shares , Balance at Dec. 31, 2024     (38)      
Net income $ 2,651     2,550   101
Currency translation adjustments 183       183  
Changes in fair value of cash flow hedges (75)       (75)  
Pension and other postretirement benefit plans 15       15  
Shares sold to optionees, less shares exchanged $ 8 $ (9) $ 17      
Shares sold to optionees, less shares exchanged, shares 1   1      
Vesting of restricted stock, net of taxes withheld $ (61) (267) $ 206      
Vesting of restricted stock, shares 4   4      
Employee stock purchase plan $ 222 (99) $ 321      
Shares issued under employee stock purchase plan, shares 7   7      
Stock repurchase program $ (2,414)   $ (2,414)      
Stock repurchase program, shares (60)   (60)      
Stock-based compensation expense $ 257 257        
Dividends declared (1,199)     (1,199)    
Dividends paid to noncontrolling interests (65)         (65)
Acquisition of ChampionX Corporation $ 5,024 $ 5,005       19
Acquisition of ChampionX Corporation, shares 141 141        
Other $ 26 $ (7) $ 7   14 12
Balance at Sep. 30, 2025 $ 26,922 $ 16,338 $ (3,636) 17,746 (4,813) 1,287
Balance, shares at Sep. 30, 2025 1,494 1,580        
Treasury shares, Balance at Sep. 30, 2025     (86)      
Balance at Jun. 30, 2025 $ 21,551 $ 11,354 $ (3,742) 17,433 (4,743) 1,249
Net income 774     739   35
Currency translation adjustments (43)       (43)  
Changes in fair value of cash flow hedges (36)       (36)  
Pension and other postretirement benefit plans 6       6  
Shares sold to optionees, less shares exchanged   (7) 7      
Vesting of restricted stock, net of taxes withheld (6) (41) 35      
Employee stock purchase plan 117 (55) 172      
Stock repurchase program (114)   (114)      
Stock-based compensation expense 89 89        
Dividends declared (426)     (426)    
Dividends paid to noncontrolling interests (22)         (22)
Acquisition of ChampionX Corporation 5,024 5,005       19
Other 8 (7) 6   3 6
Balance at Sep. 30, 2025 $ 26,922 $ 16,338 $ (3,636) $ 17,746 $ (4,813) $ 1,287
Balance, shares at Sep. 30, 2025 1,494 1,580        
Treasury shares, Balance at Sep. 30, 2025     (86)