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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
[1]
Jun. 30, 2020
Jun. 30, 2019
[1]
REVENUES:        
Total revenues $ 7,338 $ 13,877 $ 18,965 $ 26,998
COSTS AND EXPENSES:        
Cost of products sold 4,117 10,301 12,408 19,778
Operating expenses 770 792 1,649 1,600
Depreciation, depletion and amortization 936 785 1,803 1,559
Selling, general and administrative 175 179 379 326
Impairment losses 4 0 1,329 50
Total costs and expenses 6,002 12,057 17,568 23,313
OPERATING INCOME 1,336 1,820 1,397 3,685
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (579) (578) (1,181) (1,168)
Equity in earnings of unconsolidated affiliates 85 77 78 142
Losses on extinguishments of debt 0 0 (62) (18)
Losses on interest rate derivatives (3) (122) (332) (196)
Other, net (68) 46 (65) 42
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 771 1,243 (165) 2,487
Income tax expense 99 34 127 160
NET INCOME (LOSS) 672 1,209 (292) 2,327
Less: Net income attributable to noncontrolling interests 306 317 185 614
Less: Comprehensive income attributable to noncontrolling interests 306 317 185 614
Less: Net income attributable to redeemable noncontrolling interests 13 13 25 26
NET INCOME (LOSS) ATTRIBUTABLE TO PARTNERS 353 879 (502) 1,687
General Partner’s interest in net income (loss) 0 1 (1) 2
Limited Partners’ interest in net income (loss) $ 353 $ 878 $ (501) $ 1,685
INCOME FROM CONTINUING OPERATIONS PER LIMITED PARTNER UNIT:        
Basic $ 0.13 $ 0.33 $ (0.19) $ 0.64
Diluted 0.13 0.33 (0.19) 0.64
NET INCOME (LOSS) PER LIMITED PARTNER UNIT:        
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax 0.13 0.33 (0.19) 0.64
Diluted $ 0.13 $ 0.33 $ (0.19) $ 0.64
Refined product sales        
REVENUES:        
Revenue $ 2,000 $ 4,477 $ 5,232 $ 8,203
Crude sales        
REVENUES:        
Revenue 1,329 4,346 4,872 7,871
NGL sales        
REVENUES:        
Revenue 1,254 1,996 2,943 4,398
Gathering, transportation and other fees        
REVENUES:        
Revenue 2,137 2,035 4,522 4,302
Natural gas sales        
REVENUES:        
Revenue 514 763 1,102 1,727
Other        
REVENUES:        
Revenue $ 104 $ 260 $ 294 $ 497
[1]
*As adjusted. See Note 1.