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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues and other income:        
Revenue $ 5,141 $ 6,057 $ 14,298 $ 19,210
Interest and other income (loss), net 52 (12) 59 57
Derivative gain (loss), net (190) 13 (235) (187)
Gain on disposition of assets, net 1 35 23 105
Revenues 5,004 6,093 14,145 19,185
Costs and expenses:        
Production and ad valorem taxes 205 260 598 755
Depletion, depreciation and amortization 728 641 2,087 1,874
Exploration and abandonments 18 8 56 32
General and administrative 87 90 259 252
Accretion of discount on asset retirement obligations 4 4 12 12
Interest 44 30 114 100
Other 25 36 93 118
Total costs and expenses 3,337 3,599 9,514 11,102
Income before income taxes 1,667 2,494 4,631 8,083
Income tax provision (366) (510) (1,006) (1,719)
Net income attributable to common shareholders $ 1,301 $ 1,984 $ 3,625 $ 6,364
Net income per share attributable to common shareholders:        
Basic (usd per share) $ 5.56 $ 8.29 $ 15.47 $ 26.36
Diluted (usd per share) $ 5.41 $ 7.93 $ 14.96 $ 25.11
Weighted average shares outstanding:        
Basic weighted average shares outstanding (in shares) 233 239 234 241
Diluted weighted average shares outstanding (in shares) 240 250 242 253
Dividends declared (usd per share) $ 1.84 $ 8.57 $ 10.76 $ 19.73
Oil and gas        
Revenues and other income:        
Revenue $ 3,460 $ 4,224 $ 9,603 $ 12,794
Costs and expenses:        
Costs and expenses 564 562 1,506 1,457
Sales of purchased commodities        
Revenues and other income:        
Revenue 1,681 1,833 4,695 6,416
Costs and expenses:        
Costs and expenses $ 1,662 $ 1,968 $ 4,789 $ 6,502