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Changes in Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
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, 2025 |  |  |  |  |  |  |  |
Balances at March 31, 2025 | $ | 23 |  | 77,554 |  | (72,666) |  | (6,394) |  | 66,721 |  | 65,238 |  |  |
Net income (loss) |  |  |  |  | 1,971 |  | 1,971 |  |  |
Other comprehensive income (loss) |  |  |  | 492 |  |  | 492 |  |  |
Dividends declared |  |  |  |  |  |  |  |
Ordinary ($0.78 per common share) |  |  |  |  | (984) |  | (984) |  |  |
Repurchase of company common stock |  |  | (1,222) |  |  |  | (1,222) |  |  |
Excise tax on share repurchases |  |  | (12) |  |  |  | (12) |  |  |
Distributed under benefit plans |  | 89 |  |  |  |  | 89 |  |  |
Other |  |  |  | 1 |  |  | (1) |  | — |  |  |
Balances at June 30, 2025 | $ | 23 |  | 77,643 |  | (73,899) |  | (5,902) |  | 67,707 |  | 65,572 |  |  |
For the six months ended June 30, 2025 |  |  |  |  |  |  |  |
Balances at December 31, 2024 | $ | 23 |  | 77,529 |  | (71,152) |  | (6,473) |  | 64,869 |  | 64,796 |  |  |
Net income (loss) |  |  |  |  | 4,820 |  | 4,820 |  |  |
Other comprehensive income (loss) |  |  |  | 571 |  |  | 571 |  |  |
Dividends declared |  |  |  |  |  |  |  |
Ordinary ($1.56 per common share) |  |  |  |  | (1,982) |  | (1,982) |  |  |
Repurchase of company common stock |  |  | (2,722) |  |  |  | (2,722) |  |  |
Excise tax on share repurchases |  |  | (25) |  |  |  | (25) |  |  |
Distributed under benefit plans |  | 114 |  |  |  |  | 114 |  |  |
Balances at June 30, 2025 | $ | 23 |  | 77,643 |  | (73,899) |  | (5,902) |  | 67,707 |  | 65,572 |  |  |
| 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 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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