| Changes in Equity |
Note 12—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 September 30, 2026 | | | | | | | | | | Balances at June 30, 2026 | $ | 23 | | 77,832 | | (79,251) | | (6,176) | | 72,921 | | 65,349 | | | | | Net income (loss) | | | | | 4,001 | | 4,001 | | | | | Other comprehensive income (loss) | | | | 22 | | | 22 | | | | | | | | | | | | | Dividend declared ($0.84 per common share) | | | | | (1,007) | | (1,007) | | | | | | | | | | | | | | Repurchase of company common stock | | | (2,401) | | | | (2,401) | | | | | Excise tax on share repurchases | | | (24) | | | | (24) | | | | | Distributed under benefit plans | | 49 | | | | | 49 | | | | | Other | | | 1 | | | 1 | | 2 | | | | | Balances at September 30, 2026 | $ | 23 | | 77,881 | | (81,675) | | (6,154) | | 75,916 | | 65,991 | | | | | | | | | | | | | For the nine months ended September 30, 2026 | | | | | | | | | Balances at December 31, 2025 | $ | 23 | | 77,728 | | (76,217) | | (5,911) | | 68,864 | | 64,487 | | | | Net income (loss) | | | | | 10,115 | | 10,115 | | | | Other comprehensive income (loss) | | | | (243) | | | (243) | | | | | | | | | | | | | Dividends declared ($2.52 per common share) | | | | | (3,064) | | (3,064) | | | | | | | | | | | | | Repurchase of company common stock | | | (5,407) | | | | (5,407) | | | | | Excise tax on share repurchases | | | (51) | | | | (51) | | | | Distributed under benefit plans | | 153 | | | | | 153 | | | | Other | | | | | 1 | | 1 | | | | Balances at September 30, 2026 | $ | 23 | | 77,881 | | (81,675) | | (6,154) | | 75,916 | | 65,991 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 September 30, 2025 | | | | | | | | Balances at June 30, 2025 | $ | 23 | | 77,643 | | (73,899) | | (5,902) | | 67,707 | | 65,572 | | | Net income (loss) | | | | | 1,726 | | 1,726 | | | Other comprehensive income (loss) | | | | (172) | | | (172) | | | | | | | | | Dividend declared ($0.78 per common share) | | | | | (975) | | (975) | | | | | | | | | | Repurchase of company common stock | | | (1,274) | | | | (1,274) | | | Excise tax on share repurchases | | | (13) | | | | (13) | | Distributed under benefit plans | | 58 | | | | | 58 | | | Other | | | | | 1 | | 1 | | Balances at September 30, 2025 | $ | 23 | | 77,701 | | (75,186) | | (6,074) | | 68,459 | | 64,923 | | | | | | | | | For the nine months ended September 30, 2025 | | | | | | | Balances at December 31, 2024 | $ | 23 | | 77,529 | | (71,152) | | (6,473) | | 64,869 | | 64,796 | | Net income (loss) | | | | | 6,546 | | 6,546 | | Other comprehensive income (loss) | | | | 399 | | | 399 | | | | | | | | | Dividends declared ($2.34 per common share) | | | | | (2,957) | | (2,957) | | | | | | | | | Repurchase of company common stock | | | (3,996) | | | | (3,996) | | | Excise tax on share repurchases | | | (38) | | | | (38) | | Distributed under benefit plans | | 172 | | | | | 172 | | Other | | | | | 1 | | 1 | | Balances at September 30, 2025 | $ | 23 | | 77,701 | | (75,186) | | (6,074) | | 68,459 | | 64,923 | |
|