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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES:        
Total revenues $ 13,877 $ 14,118 $ 26,998 $ 26,000
COSTS AND EXPENSES:        
Cost of products sold 10,302 11,343 19,717 20,588
Operating expenses 792 772 1,600 1,496
Depreciation, depletion and amortization 785 694 1,559 1,359
Selling, general and administrative 179 183 326 331
Impairment losses 0 0 50 0
Total costs and expenses 12,058 12,992 23,252 23,774
OPERATING INCOME 1,819 1,126 3,746 2,226
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (578) (510) (1,168) (976)
Equity in earnings of unconsolidated affiliates 77 92 142 171
Losses on extinguishments of debt 0 0 (18) (106)
Gains (losses) on interest rate derivatives (122) 20 (196) 72
Other, net 46 (1) 42 56
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE 1,242 727 2,548 1,443
Income tax expense from continuing operations 34 68 160 58
INCOME FROM CONTINUING OPERATIONS 1,208 659 2,388 1,385
Loss from discontinued operations, net of income taxes 0 (26) 0 (263)
NET INCOME 1,208 633 2,388 1,122
Less: Net income attributable to noncontrolling interests 317 278 614 404
Less: Net income attributable to redeemable noncontrolling interests 13 0 26 0
NET INCOME ATTRIBUTABLE TO PARTNERS 878 355 1,748 718
General Partner’s interest in net income 1 1 2 2
Series A Convertible Preferred Unitholders' interest in income 0 12 0 33
Limited Partners’ interest in net income $ 877 $ 342 $ 1,746 $ 683
INCOME FROM CONTINUING OPERATIONS PER LIMITED PARTNER UNIT:        
Basic $ 0.33 $ 0.31 $ 0.67 $ 0.63
Diluted 0.33 0.31 0.66 0.63
NET INCOME PER LIMITED PARTNER UNIT:        
Basic 0.33 0.31 0.67 0.62
Diluted $ 0.33 $ 0.31 $ 0.66 $ 0.62
Refined product sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax $ 4,477 $ 4,600 $ 8,203 $ 8,203
Crude sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 4,346 4,244 7,871 7,500
NGL sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 1,996 2,356 4,398 4,591
Gathering, transportation and other fees        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 2,035 1,667 4,302 3,097
Natural gas sales        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax 763 1,024 1,727 2,086
Other        
REVENUES:        
Revenue from Contract with Customer, Including Assessed Tax $ 260 $ 227 $ 497 $ 523