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STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Third parties $ 49,654 $ 58,127 $ 40,727
Related parties 61 59 80
Total revenues 49,715 58,186 40,807
Operating costs and expenses:      
Third party and other costs 41,632 50,160 33,791
Related parties 1,385 1,342 1,287
Total operating costs and expenses 43,017 51,502 35,078
General and administrative costs:      
Third party and other costs 75 85 75
Related parties 156 156 134
Total general and administrative costs 231 241 209
Total costs and expenses 43,248 51,743 35,287
Equity in income of unconsolidated affiliates 462 464 583
Operating income 6,929 6,907 6,103
Other income (expense):      
Interest expense (1,269) (1,244) (1,283)
Interest income 27 11 5
Other, net 14 23 0
Total other expense, net (1,228) (1,210) (1,278)
Income before income taxes 5,701 5,697 4,825
Provision for income taxes (44) (82) (70)
Net income 5,657 5,615 4,755
Net income attributable to noncontrolling interests (125) (125) (117)
Net income attributable to preferred units (3) (3) (4)
Net income attributable to common unitholders $ 5,529 $ 5,487 $ 4,634
Earnings per unit:      
Basic earnings per common unit (in dollars per unit) $ 2.52 $ 2.5 $ 2.11
Diluted earnings per common unit (in dollars per unit) $ 2.52 $ 2.5 $ 2.1