v3.26.1
Consolidated Condensed Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES AND OTHER INCOME    
Net sales $ 5,230 $ 5,704
Interest, dividends and other income 81 53
Losses on sales of assets and other, net (202) (19)
Total 5,109 5,738
COSTS AND OTHER DEDUCTIONS    
Oil and gas lease operating expense 1,118 1,217
Transportation and gathering expense 421 452
General and administrative expense 245 241
Other operating and non-operating expense 356 326
Taxes other than on income 259 264
Depreciation, depletion and amortization 1,794 1,804
Asset impairments and other charges 120 0
Acquisition-related costs 0 6
Exploration expense 110 55
Interest and debt expense, net 432 310
Total 4,855 4,675
Income before income taxes and other items 254 1,063
OTHER ITEMS    
Income from equity investments and other 136 114
Total 136 114
Income from continuing operations before income taxes 390 1,177
Income tax expense (154) (347)
Income from continuing operations 236 830
Discontinued operations, net of taxes 3,123 115
NET INCOME 3,359 945
Less: Net income attributable to noncontrolling interest (14) (9)
Less: Preferred stock dividends (170) (170)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 3,175 $ 766
PER COMMON SHARE, BASIC    
Income from continuing operations—basic (in dollars per share) $ 0.05 $ 0.69
Discontinued operations—basic (in dollars per share) 3.14 0.12
Net income attributable to common stockholders—basic (in dollars per share) 3.19 0.81
PER COMMON SHARE, DILUTED    
Income from continuing operations—diluted (in dollars per share) 0.05 0.65
Discontinued operations—diluted (in dollars per share) 3.08 0.12
Net income attributable to common stockholders—diluted (in dollars per share) $ 3.13 $ 0.77