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UNAUDITED CONDENSED STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Third parties $ 13,472 $ 10,638 $ 28,217 $ 23,069
Related parties 11 13 26 26
Total revenues 13,483 10,651 28,243 23,095
Operating costs and expenses:        
Third party and other costs 11,400 8,805 24,011 19,237
Related parties 362 332 725 657
Total operating costs and expenses 11,762 9,137 24,736 19,894
General and administrative costs:        
Third party and other costs 17 18 44 41
Related parties 40 38 79 72
Total general and administrative costs 57 56 123 113
Total costs and expenses 11,819 9,193 24,859 20,007
Equity in income of unconsolidated affiliates 101 121 203 225
Operating income 1,765 1,579 3,587 3,313
Other income (expense):        
Interest expense (332) (302) (663) (616)
Interest income 4 5 17 17
Other, net 0 14 0 14
Total other expense, net (328) (283) (646) (585)
Income before income taxes 1,437 1,296 2,941 2,728
Provision for income taxes (15) (13) (36) (23)
Net income 1,422 1,283 2,905 2,705
Net income attributable to noncontrolling interests (16) (29) (42) (60)
Net income attributable to preferred units (1) (1) (2) (2)
Net income attributable to common unitholders $ 1,405 $ 1,253 $ 2,861 $ 2,643
Earnings per unit:        
Basic earnings per common unit (in dollars per unit) $ 0.64 $ 0.57 $ 1.31 $ 1.21
Diluted earnings per common unit (in dollars per unit) $ 0.64 $ 0.57 $ 1.3 $ 1.2