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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues and Other        
Total $ 7,593 $ 4,765 $ 18,983 $ 12,598
Operating Expenses        
Lease and Well 335 270 977 810
Transportation Costs 257 219 729 635
Gathering and Processing Costs 167 145 463 412
Exploration Costs 35 44 115 112
Dry Hole Costs 18 4 41 28
Impairments 94 82 240 170
Marketing Costs 1,621 1,184 5,031 3,013
Depreciation, Depletion and Amortization 906 927 2,664 2,741
General and Administrative 162 142 414 372
Taxes Other Than Income 334 277 1,196 731
Total 3,929 3,294 11,870 9,024
Operating Income 3,664 1,471 7,113 3,574
Other Income, Net 40 6 66 0
Income Before Interest Expense and Income Taxes 3,704 1,477 7,179 3,574
Interest Expense, Net 41 48 137 140
Income Before Income Taxes 3,663 1,429 7,042 3,434
Income Tax Provision 809 334 1,560 755
Net Income $ 2,854 $ 1,095 $ 5,482 $ 2,679
Net Income Per Share        
Basic (in USD per share) $ 4.90 $ 1.88 $ 9.40 $ 4.62
Diluted (in USD per share) $ 4.86 $ 1.88 $ 9.34 $ 4.59
Average Number of Common Shares        
Basic (in shares) 583 581 583 580
Diluted (in shares) 587 584 587 584
Comprehensive Income        
Net Income $ 2,854 $ 1,095 $ 5,482 $ 2,679
Other Comprehensive Income (Loss)        
Foreign Currency Translation Adjustments 5 2 6 (1)
Other, Net of Tax 1 0 0 0
Other Comprehensive Income (Loss) 6 2 6 (1)
Comprehensive Income 2,860 1,097 5,488 2,678
Crude Oil and Condensate        
Operating Revenues and Other        
Revenue from contract with customer 4,109 2,929 12,697 7,879
Natural Gas Liquids        
Operating Revenues and Other        
Revenue from contract with customer 693 548 2,151 1,229
Natural Gas        
Operating Revenues and Other        
Revenue from contract with customer 1,235 568 2,951 1,597
Losses on Mark-to-Market Financial Commodity Derivative Contracts        
Operating Revenues and Other        
Revenue not from contract with customer (18) (494) (4,215) (1,288)
Gathering, Processing and Marketing        
Operating Revenues and Other        
Revenue from contract with customer 1,561 1,186 5,199 3,056
Gains (Losses) on Asset Dispositions, Net        
Operating Revenues and Other        
Revenue not from contract with customer (21) 1 101 46
Other, Net        
Operating Revenues and Other        
Revenue not from contract with customer $ 34 $ 27 $ 99 $ 79