Consolidated Income Statement - USD ($) shares in Thousands, $ in Millions	3 Months Ended	6 Months Ended
Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues and Other Income
Sales and other operating revenues	$ 21,161	$ 9,556	$ 38,923	$ 19,382
Equity in earnings of affiliates	524	139	950	261
Gain on dispositions	262	59	1,079	292
Other income	42	457	328	835
Total Revenues and Other Income	21,989	10,211	41,280	20,770
Costs and Expenses
Purchased commodities	9,234	2,998	15,985	7,481
Production and operating expenses	1,741	1,379	3,322	2,762
Selling, general and administrative expenses	96	117	283	428
Exploration expenses	143	57	212	141
Depreciation, depletion and amortization	1,810	1,867	3,633	3,753
Impairments	2	2	4	(1)
Taxes other than income taxes	1,020	381	1,834	751
Accretion on discounted liabilities	61	63	122	125
Interest and debt expense	211	220	428	446
Foreign currency transaction (gain) loss	(70)	10	(46)	29
Other expenses	86	37	(50)	61
Total Costs and Expenses	14,334	7,131	25,727	15,976
Income before income taxes	7,655	3,080	15,553	4,794
Income tax provision	2,510	989	4,649	1,721
Net Income	$ 5,145	$ 2,091	$ 10,904	$ 3,073
Net Income Per Share of Common Stock (dollars)
Basic (in dollars per share)	$ 3.98	$ 1.55	$ 8.39	$ 2.32
Diluted (in dollars per share)	$ 3.96	$ 1.55	$ 8.36	$ 2.31
Average Common Shares Outstanding (in thousands)
Basic (in shares)	1,289,791	1,348,637	1,295,827	1,324,639
Diluted (in shares)	1,295,844	1,353,201	1,301,126	1,329,507

Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense, before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement as well as Interest and debt related expenses associated with nonoperating financing activities of the entity.

No definition available.