v3.26.3
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, 2024 $ 22,350 $ 11,458 $ (1,773) $ 16,395 $ (4,950) $ 1,220
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      
Vesting of restricted stock, net of taxes withheld (61) (267) 206      
Employee stock purchase plan 222 (99) 321      
Stock repurchase program (2,414)   (2,414)      
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
Other 26 (7) 7   14 12
Balance at Sep. 30, 2025 26,922 16,338 (3,636) 17,746 (4,813) 1,287
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 0 (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 at Dec. 31, 2025 $ 27,291 $ 16,354 $ (3,576) 18,067 (4,736) 1,182
Balance Issued, shares at Dec. 31, 2025   1,580        
Treasury shares , Balance at Dec. 31, 2025     (85)      
Balance Shares Outstanding, shares at Dec. 31, 2025 1,495          
Net income $ 2,356     2,273   83
Currency translation adjustments (42)       (42)  
Changes in fair value of cash flow hedges 64       64  
Pension and other postretirement benefit plans 224       224  
Shares sold to optionees, less shares exchanged $ 120 $ (23) $ 143      
Shares sold to optionees, less shares exchanged, shares 3   3      
Vesting of restricted stock, net of taxes withheld $ (71) (248) $ 177      
Vesting of restricted stock, shares 5   5      
Employee stock purchase plan $ 227 (86) $ 313      
Shares issued under employee stock purchase plan, shares 7   7      
Stock repurchase program $ (1,755)   $ (1,755)      
Stock repurchase program, shares (34)   (34)      
Stock-based compensation expense $ 251 251        
Dividends declared (1,316)     (1,316)    
Dividends paid to noncontrolling interests (120)         (120)
Other (16)     (18) (15) 17
Balance at Sep. 30, 2026 $ 27,213 $ 16,248 $ (4,698) 19,006 (4,505) 1,162
Balance Issued, shares at Sep. 30, 2026   1,580        
Treasury shares, Balance at Sep. 30, 2026     (104)      
Balance Shares Outstanding, shares at Sep. 30, 2026 1,476          
Balance at Jun. 30, 2026 $ 27,254 $ 16,260 $ (4,253) 18,710 (4,643) 1,180
Net income 780     735   45
Currency translation adjustments (75)       (75)  
Changes in fair value of cash flow hedges 21       21  
Pension and other postretirement benefit plans 202       202  
Shares sold to optionees, less shares exchanged 14 (5) 19      
Vesting of restricted stock, net of taxes withheld (8) (38) 30      
Employee stock purchase plan 122 (41) 163      
Stock repurchase program (656)   (656)      
Stock-based compensation expense 72 72        
Dividends declared (436)     (436)    
Dividends paid to noncontrolling interests (65)         (65)
Other (12)   (1) (3) (10) 2
Balance at Sep. 30, 2026 $ 27,213 $ 16,248 $ (4,698) $ 19,006 $ (4,505) $ 1,162
Balance Issued, shares at Sep. 30, 2026   1,580        
Treasury shares, Balance at Sep. 30, 2026     (104)      
Balance Shares Outstanding, shares at Sep. 30, 2026 1,476