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Acquisitions and Dispositions (Tables) | 6 Months Ended
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Jun. 30, 2022
Business Combination, Asset Acquisition And Dispositions [Abstract] |
Schedule of Business Acquisition |
Assets Acquired | Millions of Dollars
Accounts receivable, net | $ | 337 |
Inventories | 20 |
Net properties, plants and equipment | 8,582 |
Other assets | 50 |
Total assets acquired | $ | 8,989 |
Liabilities Assumed |
Accounts payable | $ | 206 |
Accrued income and other taxes | 6 |
Other accruals | 20 |
Asset retirement obligations and accrued environmental costs | 86 |
Other liabilities and deferred credits | 36 |
Total liabilities assumed | $ | 354 |
Net assets acquired | $ | 8,635 |
Business Acquisition, Pro Forma Information (unaudited) | The following table summarizes the unaudited supplemental pro forma financial information for the three- and six-month periods ended June 30, 2021, as if we had completed the acquisition of Shell's Permian assets on January 1, 2020:
| Millions of Dollars
| Three Months Ended June 30, 2021 |  | Six Months Ended June 30, 2021
Supplemental Pro Forma (unaudited) | As Reported | Pro forma Shell | Pro forma Combined |  | As Reported | Pro forma Shell | Pro forma Combined
Total Revenues and Other Income | 10,211 |  | 799 |  | 11,010 |  |  | 20,770 |  | 1,395 |  | 22,165 |
Income before income taxes | 3,080 |  | 297 |  | 3,377 |  |  | 4,794 |  | 416 |  | 5,210 |
Net Income | 2,091 |  | 227 |  | 2,318 |  |  | 3,073 |  | 318 |  | 3,391 |
Earnings per share ($ per share): |  |  |  |  |  |  |
Basic net income | $ | 1.55 |  |  | 1.71 |  |  | 2.32 |  |  | 2.56 |
Diluted net income | 1.55 |  |  | 1.71 |  |  | 2.31 |  |  | 2.55 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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