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Acquisitions and Dispositions (Tables) | 9 Months Ended
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Sep. 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 nine-month periods ended September 30, 2021, as if we had completed the acquisition of Shell's Permian assets on January 1, 2020:
| Millions of Dollars
| Three Months Ended September 30, 2021 |  | Nine Months Ended September 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 | 11,616 |  | 882 |  | 12,498 |  |  | 32,386 |  | 2,277 |  | 34,663 |
Income before income taxes | 3,582 |  | 364 |  | 3,946 |  |  | 8,376 |  | 780 |  | 9,156 |
Net Income | 2,379 |  | 279 |  | 2,658 |  |  | 5,452 |  | 597 |  | 6,049 |
Earnings per share ($ per share): |  |  |  |  |  |  |
Basic net income | $ | 1.78 |  |  | 1.99 |  |  | 4.10 |  |  | 4.55 |
Diluted net income | 1.78 |  |  | 1.98 |  |  | 4.09 |  |  | 4.54 |

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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 https://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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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