Consolidated Income Statement - USD ($) shares in Thousands, $ in Millions	3 Months Ended	6 Months Ended
Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues and Other Income
Sales and other operating revenues	$ 12,351	$ 21,161	$ 27,162	$ 38,923
Equity in earnings of affiliates	412	524	911	950
Gain (loss) on dispositions	(1)	262	92	1,079
Other income	122	42	236	328
Total Revenues and Other Income	12,884	21,989	28,401	41,280
Costs and Expenses
Purchased commodities	4,616	9,234	10,754	15,985
Production and operating expenses	1,886	1,741	3,665	3,322
Selling, general and administrative expenses	205	96	364	283
Exploration expenses	83	143	221	212
Depreciation, depletion and amortization	2,010	1,810	3,952	3,633
Impairments	0	2	1	4
Taxes other than income taxes	512	1,020	1,088	1,834
Accretion on discounted liabilities	68	61	136	122
Interest and debt expense	179	211	367	428
Foreign currency transaction gain	(14)	(70)	(58)	(46)
Other expenses	(23)	86	(13)	(50)
Total Costs and Expenses	9,522	14,334	20,477	25,727
Income before income taxes	3,362	7,655	7,924	15,553
Income tax provision	1,130	2,510	2,772	4,649
Net Income	$ 2,232	$ 5,145	$ 5,152	$ 10,904
Net Income Per Share of Common Stock (dollars)
Basic (in dollars per share)	$ 1.84	$ 3.98	$ 4.23	$ 8.39
Diluted (in dollars per share)	$ 1.84	$ 3.96	$ 4.22	$ 8.36
Average Common Shares Outstanding (in thousands)
Basic (in shares)	1,207,443	1,289,791	1,213,800	1,295,827
Diluted (in shares)	1,210,342	1,295,844	1,216,743	1,301,126

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.