XML 37 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Equity
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Equity
Note 16—Equity
Common Stock
The changes in our shares of common stock, as categorized
 
in the equity section of the balance sheet, were:
Shares
2019
2018
2017
Issued
Beginning of year
1,791,637,434
1,785,419,175
1,782,079,107
Distributed under benefit plans
4,014,769
6,218,259
3,340,068
End of year
1,795,652,203
1,791,637,434
1,785,419,175
Held in Treasury
Beginning of year
653,288,213
608,312,034
544,809,771
Repurchase of common stock
57,495,601
44,976,179
63,502,263
End of year
710,783,814
653,288,213
608,312,034
Preferred Stock
 
We
 
have authorized
500
 
million shares of preferred stock, par value
 
$
0.01
 
per share,
none
 
of which was issued
or outstanding at December 31, 2019 or 2018.
 
Noncontrolling Interests
 
At December 31, 2019 and 2018, we had $
69
 
million and $
125
 
million outstanding, respectively, of equity in
less-than-wholly owned consolidated subsidiaries held
 
by noncontrolling interest owners.
 
For both periods,
the amounts were related to the Darwin LNG
 
and Bayu-Darwin Pipeline operating joint ventures
 
we control.
 
Repurchase of Common Stock
As of December 31, 2019, we had announced a total authorization
 
to repurchase $
15
 
billion of our common
stock.
 
Repurchase of shares began in November 2016,
 
and totaled
168,553,141
 
shares at a cost of $
9,625
million, through December 31, 2019.
 
In February 2020, we announced
 
that the Board of Directors approved
an increase to our repurchase authorization from $15
 
billion to $
25
 
billion, to support our plan for future share
repurchases.