v3.26.1
Reportable Segments - Reconciliation of Net Income to Adjusted EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Reportable Segments [Abstract]    
Net income $ 1,976 $ 1,720
Depreciation, depletion and amortization 1,583 1,367
Interest Expense 947 809
Income tax expense 135 41
Impairment loss 0 4
Non-cash compensation expense 42 37
Unrealized losses on commodity risk management activities 536 69
Inventory valuation adjustments (444) (61)
Losses on extinguishments of debt 7 2
Adjusted EBITDA related to unconsolidated affiliates 196 167
Equity in earnings of unconsolidated affiliates [1] (110) (92)
Other, net 69 35
Adjusted EBITDA (consolidated) $ 4,937 $ 4,098
[1] Amounts reflected above exclude Sunoco LP’s earnings from the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.