Consolidated Income Statement - USD ($) shares in Thousands, $ in Millions	3 Months Ended
Mar. 31, 2023	Mar. 31, 2022
Revenues and Other Income
Sales and other operating revenues	$ 14,811	$ 17,762
Equity in earnings of affiliates	499	426
Gain on dispositions	93	817
Other income	114	286
Total Revenues and Other Income	15,517	19,291
Costs and Expenses
Purchased commodities	6,138	6,751
Production and operating expenses	1,779	1,581
Selling, general and administrative expenses	159	187
Exploration expenses	138	69
Depreciation, depletion and amortization	1,942	1,823
Impairments	1	2
Taxes other than income taxes	576	814
Accretion on discounted liabilities	68	61
Interest and debt expense	188	217
Foreign currency transaction (gain) loss	(44)	24
Other expenses	10	(136)
Total Costs and Expenses	10,955	11,393
Income before income taxes	4,562	7,898
Income tax provision	1,642	2,139
Net Income	$ 2,920	$ 5,759
Net Income Per Share of Common Stock (dollars)
Basic (in dollars per share)	$ 2.38	$ 4.41
Diluted (in dollars per share)	$ 2.38	$ 4.39
Average Common Shares Outstanding (in thousands)
Basic (in shares)	1,220,228	1,301,930
Diluted (in shares)	1,223,355	1,307,404

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.