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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Third parties $ 16,041 $ 9,441 $ 29,033 $ 18,582
Related parties 19 9 35 23
Total revenues 16,060 9,450 29,068 18,605
Operating costs and expenses:        
Third party and other costs 14,004 7,767 25,086 14,996
Related parties 337 300 652 624
Total operating costs and expenses 14,341 8,067 25,738 15,620
General and administrative costs:        
Third party and other costs 24 19 49 40
Related parties 38 33 75 68
Total general and administrative costs 62 52 124 108
Total costs and expenses 14,403 8,119 25,862 15,728
Equity in income of unconsolidated affiliates 107 161 224 310
Operating income 1,764 1,492 3,430 3,187
Other income (expense):        
Interest expense (309) (316) (628) (639)
Interest income 2 1 3 2
Other, net 0 0 2 0
Total other expense, net (307) (315) (623) (637)
Income before income taxes 1,457 1,177 2,807 2,550
Provision for income taxes (17) (31) (36) (41)
Net income 1,440 1,146 2,771 2,509
Net income attributable to noncontrolling interests (28) (33) (62) (54)
Net income attributable to preferred units (1) (1) (2) (2)
Net income attributable to common unitholders $ 1,411 $ 1,112 $ 2,707 $ 2,453
Earnings per unit:        
Basic earnings per common unit (in dollars per unit) $ 0.64 $ 0.50 $ 1.23 $ 1.11
Diluted earnings per common unit (in dollars per unit) $ 0.64 $ 0.50 $ 1.23 $ 1.11