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Changes in Equity (Tables)
6 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
Schedule of Changes in Equity
Millions of Dollars
Common Stock
Par
Value
Capital in
Excess of
Par
Treasury
Stock
Accum. Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
For the three months ended June 30, 2022
Balances at March 31, 2022$21 60,907 (52,344)(4,808)45,442 49,218 
Net income5,145 5,145 
Other comprehensive income(505)(505)
Dividends declared
Ordinary ($0.46 per common share)
(598)(598)
Variable return of cash ($0.70 per common share)
(896)(896)
Repurchase of company common stock(2,300)(2,300)
Distributed under benefit plans138 138 
Other— 
Balances at June 30, 2022$21 61,045 (54,644)(5,313)49,093 50,202 
For the six months ended June 30, 2022
Balances at December 31, 2021
$21 60,581 (50,920)(4,950)40,674 45,406 
Net income
10,904 10,904 
Other comprehensive income
(363)(363)
Dividends declared
Ordinary ($0.92 per common share)
(1,201)(1,201)
Variable return of cash ($1.00 per common share)
(1,286)(1,286)
Repurchase of company common stock
(3,725)(3,725)
Distributed under benefit plans
464 464 
Other
Balances at June 30, 2022
$21 61,045 (54,644)(5,313)49,093 50,202 
Millions of Dollars
Common Stock
Par
Value
Capital in
Excess of
Par
Treasury
Stock
Accum. Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
For the three months ended June 30, 2021
Balances at March 31, 2021$21 60,278 (47,672)(5,080)35,608 43,155 
Net income2,091 2,091 
Other comprehensive income160 160 
Dividends declared
  Ordinary ($0.43 per common share)
(583)(583)
Repurchase of company common stock(606)(606)
Distributed under benefit plans59 59 
Balances at June 30, 2021
$21 60,337 (48,278)(4,920)37,116 44,276 
For the six months ended June 30, 2021
Balances at December 31, 2020
$18 47,133 (47,297)(5,218)35,213 29,849 
Net income
3,073 3,073 
Other comprehensive loss
298 298 
Dividends declared
  Ordinary ($0.86 per common share)
(1,171)(1,171)
Acquisition of Concho13,122 13,125 
Repurchase of company common stock
(981)(981)
Distributed under benefit plans
82 82 
Other
Balances at June 30, 2021
$21 60,337 (48,278)(4,920)37,116 44,276