v3.26.1
Changes in Equity (Tables)
6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Changes in Equity
Millions of Dollars
Common Stock
Par
Value
Capital in
Excess of
Par
Treasury
Stock
Accum. Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
For the three months ended June 30, 2026
Balances at March 31, 2026$23 77,761 (77,231)(6,028)70,016 64,541 
Net income (loss)3,931 3,931 
Other comprehensive income (loss)(148)(148)
Dividend declared ($0.84 per common share)
(1,025)(1,025)
Repurchase of company common stock(2,000)(2,000)
Excise tax on share repurchases(20)(20)
Distributed under benefit plans71 71 
Other(1)(1)
Balances at June 30, 2026$23 77,832 (79,251)(6,176)72,921 65,349 
For the six months ended June 30, 2026
Balances at December 31, 2025
$23 77,728 (76,217)(5,911)68,864 64,487 
Net income (loss)
6,114 6,114 
Other comprehensive income (loss)
(265)(265)
Dividends declared ($1.68 per common share)
(2,057)(2,057)
Repurchase of company common stock
(3,006)(3,006)
Excise tax on share repurchases(27)(27)
Distributed under benefit plans
104 104 
Other
(1)(1)
Balances at June 30, 2026
$23 77,832 (79,251)(6,176)72,921 65,349 
Millions of Dollars
Common Stock
Par
Value
Capital in
Excess of
Par
Treasury
Stock
Accum. Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
For the three months ended June 30, 2025
Balances at March 31, 2025$23 77,554 (72,666)(6,394)66,721 65,238 
Net income (loss)1,971 1,971 
Other comprehensive income (loss)492 492 
Dividend declared ($0.78 per common share)
(984)(984)
Repurchase of company common stock(1,222)(1,222)
Excise tax on share repurchases(12)(12)
Distributed under benefit plans
89 89 
Other(1)— 
Balances at June 30, 2025
$23 77,643 (73,899)(5,902)67,707 65,572 
For the six months ended June 30, 2025
Balances at December 31, 2024
$23 77,529 (71,152)(6,473)64,869 64,796 
Net income (loss)
4,820 4,820 
Other comprehensive income (loss)
571 571 
Dividends declared ($1.56 per common share)
(1,982)(1,982)
Repurchase of company common stock
(2,722)(2,722)
Excise tax on share repurchases(25)(25)
Distributed under benefit plans
114 114 
Balances at June 30, 2025
$23 77,643 (73,899)(5,902)67,707 65,572