v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues $ 6,234 $ 5,728
Cost of sales:    
Production and delivery 4,065 3,756
Depreciation, depletion and amortization 514 466
Total cost of sales 4,579 4,222
Selling, general and administrative expenses 162 154
Exploration and research expenses 38 39
Environmental obligations and shutdown costs 17 10
PTFI mud rush incident insurance settlement (699) 0
Total costs and expenses 4,097 4,425
Operating income 2,137 1,303
Interest expense, net (114) (70)
Other income, net 11 58
Income before income taxes and equity in affiliated companies’ net earnings 2,034 1,291
Provision for income taxes (653) (500)
Equity in affiliated companies’ net earnings 6 2
Net income 1,387 793
Net income (loss) attributable to noncontrolling interests 506 441
Net income attributable to common stockholders $ 881 $ 352
Net income per share attributable to common stockholders:    
Earnings per share, basic (in dollars per share) $ 0.61 $ 0.24
Earnings per share, diluted (in dollars per share) $ 0.61 $ 0.24
Weighted-average shares of common stock outstanding:    
Basic weighted-average shares of common stock outstanding 1,439 1,438
Diluted weighted-average shares of common shares outstanding 1,444 1,444
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15