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Changes in Equity (Tables)
9 Months Ended
Sep. 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 September 30, 2022
Balances at June 30, 2022$21 61,045 (54,644)(5,313)49,093 50,202 
Net income4,527 4,527 
Other comprehensive loss(552)(552)
Dividends declared
Ordinary ($0.46 per common share)
(588)(588)
Variable return of cash ($1.40 per common share)
(1,754)(1,754)
Repurchase of company common stock(2,799)(2,799)
Distributed under benefit plans44 44 
Other(1)(1)
Balances at September 30, 2022$21 61,089 (57,444)(5,865)51,278 49,079 
For the nine months ended September 30, 2022
Balances at December 31, 2021
$21 60,581 (50,920)(4,950)40,674 45,406 
Net income
15,431 15,431 
Other comprehensive loss
(915)(915)
Dividends declared
Ordinary ($1.38 per common share)
(1,789)(1,789)
Variable return of cash ($2.40 per common share)
(3,040)(3,040)
Repurchase of company common stock
(6,524)(6,524)
Distributed under benefit plans
508 508 
Other
Balances at September 30, 2022
$21 61,089 (57,444)(5,865)51,278 49,079 
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 September 30, 2021
Balances at June 30, 2021$21 60,337 (48,278)(4,920)37,116 44,276 
Net income2,379 2,379 
Other comprehensive loss(203)(203)
Dividends declared
Ordinary ($0.89 per common share)
(1,188)(1,188)
Repurchase of company common stock(1,243)(1,243)
Distributed under benefit plans94 94 
Balances at September 30, 2021
$21 60,431 (49,521)(5,123)38,307 44,115 
For the nine months ended September 30, 2021
Balances at December 31, 2020
$18 47,133 (47,297)(5,218)35,213 29,849 
Net income
5,452 5,452 
Other comprehensive income
95 95 
Dividends declared
Ordinary ($1.75 per common share)
(2,359)(2,359)
Acquisition of Concho13,122 13,125 
Repurchase of company common stock
(2,224)(2,224)
Distributed under benefit plans
176 176 
Other
Balances at September 30, 2021
$21 60,431 (49,521)(5,123)38,307 44,115