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Changes in Equity (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30, 2024
Balances at March 31, 2024			$	21		61,300			(66,974)			(5,917)			60,895			49,325
Net income (loss)															2,329			2,329
Other comprehensive income (loss)												(44)						(44)
Dividends declared
Ordinary ($0.58 per common share)															(680)			(680)
Variable return of cash ($0.20 per common share)															(235)			(235)
Repurchase of company common stock									(1,021)									(1,021)
Excise tax on share repurchases									(10)									(10)
Distributed under benefit plans						81												81

Balances at June 30, 2024			$	21		61,381			(68,005)			(5,961)			62,309			49,745

For the six months ended June 30, 2024
Balances at December 31, 2023			$	21		61,303			(65,640)			(5,673)			59,268			49,279
Net income (loss)															4,880			4,880
Other comprehensive income (loss)												(288)						(288)
Dividends declared
Ordinary ($1.16 per common share)															(1,368)			(1,368)
Variable return of cash ($0.40 per common share)															(471)			(471)
Repurchase of company common stock									(2,346)									(2,346)
Excise tax on share repurchases									(19)									(19)
Distributed under benefit plans						78												78

Balances at June 30, 2024			$	21		61,381			(68,005)			(5,961)			62,309			49,745



			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 June 30, 2023
Balances at March 31, 2023			$	21		61,100			(61,904)			(6,027)			54,593			47,783
Net income (loss)															2,232			2,232
Other comprehensive income (loss)												102						102
Dividends declared
Ordinary ($0.51 per common share)															(620)			(620)
Variable return of cash ($0.60 per common share)															(723)			(723)
Repurchase of company common stock									(1,300)									(1,300)
Excise tax on share repurchases									(13)									(13)
Distributed under benefit plans						69												69
Other															1			1
Balances at June 30, 2023			$	21		61,169			(63,217)			(5,925)			55,483			47,531

For the six months ended June 30, 2023
Balances at December 31, 2022			$	21		61,142			(60,189)			(6,000)			53,029			48,003
Net income (loss)															5,152			5,152
Other comprehensive income (loss)												75						75
Dividends declared
Ordinary ($1.02 per common share)															(1,245)			(1,245)
Variable return of cash ($1.20 per common share)															(1,454)			(1,454)
Repurchase of company common stock									(3,000)									(3,000)
Excise tax on share repurchases									(28)									(28)
Distributed under benefit plans						27												27
Other															1			1
Balances at June 30, 2023			$	21		61,169			(63,217)			(5,925)			55,483			47,531