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Acquisitions and Dispositions (Tables)
6 Months Ended
Jun. 30, 2022
Business Combination, Asset Acquisition And Dispositions [Abstract]  
Schedule of Business Acquisition
Assets AcquiredMillions of Dollars
Accounts receivable, net$337 
Inventories20 
Net properties, plants and equipment8,582 
Other assets50 
Total assets acquired$8,989 
Liabilities Assumed
Accounts payable$206 
Accrued income and other taxes
Other accruals20 
Asset retirement obligations and accrued environmental costs86 
Other liabilities and deferred credits36 
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 ReportedPro forma ShellPro forma CombinedAs ReportedPro forma ShellPro forma Combined
Total Revenues and Other Income10,211 799 11,010 20,770 1,395 22,165 
Income before income taxes3,080 297 3,377 4,794 416 5,210 
Net Income2,091 227 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 income1.55 1.71 2.31 2.55