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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share, Basic and Diluted
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
June 30
Six Months Ended
June 30
2024202320242023
Basic earnings per share
Net Income (Loss)$2,329 2,2324,8805,152
Less: Dividends and undistributed earnings
allocated to participating securities781517
Net Income (Loss) available to common shareholders$2,322 2,2244,8655,135
Weighted-average common shares outstanding (in millions)1,1681,2071,1731,214
Net Income (Loss) Per Share of Common Stock$1.99 1.844.154.23
Diluted earnings per share
Net Income (Loss) available to common shareholders$2,322 2,2244,8655,135
Weighted-average common shares outstanding (in millions)1,1681,2071,1731,214
Add: Dilutive impact of options and unvested
non-participating RSU/PSUs (in millions)2333
Weighted-average diluted shares outstanding (in millions)1,1701,2101,1761,217
Net Income (Loss) Per Share of Common Stock$1.98 1.844.144.22