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Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
Note 22—Earnings Per Share
The following table presents the calculation of net income (loss) available to common shareholders and basic and diluted EPS for the years ended December 31, 2024, 2023, and 2022. For each of the periods with net income presented in the table below, diluted EPS calculated under the two-class method was more dilutive.

Millions of Dollars (except per share amounts)
Years Ended December 31202420232022
Basic earnings per share
Net Income (Loss)$9,245 10,957 18,680 
Less: Dividends and undistributed earnings
allocated to participating securities27 35 60 
Net Income (Loss) available to common shareholders$9,218 10,922 18,620 
Average common shares outstanding (in Millions)1,179 1,203 1,274 
Net Income (Loss) Per Share of Common Stock$7.82 9.08 14.62 
Diluted earnings per share
Net Income (Loss) available to common shareholders$9,218 10,922 18,620 
Average common shares outstanding (in Millions)1,179 1,203 1,274 
Add: Dilutive impact of options and unvested
non-participating RSU/PSUs2 3 4 
Average diluted shares outstanding (in Millions)1,181 1,206 1,278 
Net Income (Loss) Per Share of Common Stock$7.81 9.06 14.57