XML 44 R24.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Earnings Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
Note 17—Earnings Per Share
The following table presents the calculation of net income (loss) 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
March 31
20242023
Basic earnings per share
Net Income (Loss)$2,551 2,920
Less: Dividends and undistributed earnings
allocated to participating securities911
Net Income (Loss) available to common shareholders$2,542 2,909
Weighted-average common shares outstanding (in millions)1,1781,220
Net Income (Loss) Per Share of Common Stock$2.16 2.38
Diluted earnings per share
Net Income (Loss) available to common shareholders$2,542 2,909
Weighted-average common shares outstanding (in millions)1,1781,220
Add: Dilutive impact of options and unvested
non-participating RSU/PSUs (in millions)23
Weighted-average diluted shares outstanding (in millions)1,1801,223
Net Income (Loss) Per Share of Common Stock$2.15 2.38