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Changes in Equity (Tables)
9 Months Ended
Sep. 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 September 30, 2024
Balances at June 30, 2024$21 61,381 (68,005)(5,961)62,309 49,745 
Net income (loss)2,059 2,059 
Other comprehensive income (loss)116 116 
Dividends declared
Ordinary ($0.58 per common share)
(677)(677)
Variable return of cash ($0.20 per common share)
(233)(233)
Repurchase of company common stock(1,168)(1,168)
Excise tax on share repurchases(11)(11)
Distributed under benefit plans49 49 
Other  
Balances at September 30, 2024$21 61,430 (69,184)(5,845)63,459 49,881 
For the nine months ended September 30, 2024
Balances at December 31, 2023
$21 61,303 (65,640)(5,673)59,268 49,279 
Net income (loss)
6,939 6,939 
Other comprehensive income (loss)
(172)(172)
Dividends declared
Ordinary ($1.74 per common share)
(2,045)(2,045)
Variable return of cash ($0.60 per common share)
(704)(704)
Repurchase of company common stock
(3,513)(3,513)
Excise tax on share repurchases(31)(31)
Distributed under benefit plans
127 127 
Other
Balances at September 30, 2024
$21 61,430 (69,184)(5,845)63,459 49,881 
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 September 30, 2023
Balances at June 30, 2023$21 61,169 (63,217)(5,925)55,483 47,531 
Net income (loss)2,798 2,798 
Other comprehensive income (loss)(36)(36)
Dividends declared
Ordinary ($0.51 per common share)
(613)(613)
Variable return of cash ($0.60 per common share)
(717)(717)
Repurchase of company common stock(1,300)(1,300)
Excise tax on share repurchases(12)(12)
Distributed under benefit plans
92 92 
Other
Balances at September 30, 2023
$21 61,262 (64,529)(5,961)56,952 47,745 
For the nine months ended September 30, 2023
Balances at December 31, 2022
$21 61,142 (60,189)(6,000)53,029 48,003 
Net income (loss)
7,950 7,950 
Other comprehensive income (loss)
39 39 
Dividends declared
Ordinary ($1.53 per common share)
(1,858)(1,858)
Variable return of cash ($1.80 per common share)
(2,171)(2,171)
Repurchase of company common stock
(4,300)(4,300)
Excise tax on share repurchases(40)(40)
Distributed under benefit plans
119 119 
Other
Balances at September 30, 2023
$21 61,262 (64,529)(5,961)56,952 47,745