Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

The following table presents the calculation of net income available to common shareholders and basic and diluted EPS. For the periods presented in the table below, diluted EPS calculated under the two-class method was more dilutive.


	Millions of Dollars (except per share amounts)
	Three Months Ended June 30			Six Months Ended June 30
	2023		2022	2023	2022
Basic earnings per share

Net Income	$	2,232	5,145	5,152	10,904
Less: Dividends and undistributed earnings
allocated to participating securities	8		17	17	33
Net Income available to common shareholders	$	2,224	5,128	5,135	10,871
Average common shares outstanding (in Millions)	1,207		1,290	1,214	1,296

Net Income Per Share of Common Stock	$	1.84	3.98	4.23	8.39

Diluted earnings per share

Net Income available to common shareholders	$	2,224	5,128	5,135	10,871
Average common shares outstanding (in Millions)	1,207		1,290	1,214	1,296
Add: Dilutive impact of options and unvested
non-participating RSU/PSUs (in Millions)	3		6	3	5
Average diluted shares outstanding (in Millions)	1,210		1,296	1,217	1,301

Net Income Per Share of Common Stock	$	1.84	3.96	4.22	8.36