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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Total revenues $ 15,101 $ 7,338 $ 32,096 $ 18,965
COSTS AND EXPENSES:        
Cost of products sold 11,505 4,117 22,453 12,408
Operating expenses 867 770 1,687 1,649
Depreciation, depletion and amortization 940 936 1,894 1,803
Selling, general and administrative 184 175 385 379
Impairment losses 8 4 11 1,329
Total costs and expenses 13,504 6,002 26,430 17,568
OPERATING INCOME 1,597 1,336 5,666 1,397
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (566) (579) (1,155) (1,181)
Equity in earnings of unconsolidated affiliates 65 85 120 78
Losses on extinguishments of debt (1) 0 (8) (62)
Gains (losses) on interest rate derivatives (123) (3) 71 (332)
Other, net 18 (68) 12 (65)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 990 771 4,706 (165)
Income tax expense 82 99 157 127
NET INCOME (LOSS) 908 672 4,549 (292)
Less: Net income attributable to noncontrolling interests 269 306 610 185
Less: Net income attributable to redeemable noncontrolling interests 13 13 25 25
NET INCOME (LOSS) ATTRIBUTABLE TO PARTNERS 626 353 3,914 (502)
Net Income (Loss) Allocated to General Partners 1 0 4 (1)
Noncontrolling Interest in Net Income (Loss) Preferred Unit Holders, Nonredeemable 86 0 86 0
Limited Partners’ interest in net income (loss) $ 539 $ 353 $ 3,824 $ (501)
NET INCOME (LOSS) PER LIMITED PARTNER UNIT:        
Basic $ 0.20 $ 0.13 $ 1.41 $ (0.19)
Diluted $ 0.20 $ 0.13 $ 1.41 $ (0.19)
Refined product sales        
REVENUES:        
Revenue $ 4,403 $ 2,000 $ 7,927 $ 5,232
Crude sales        
REVENUES:        
Revenue 3,911 1,329 6,899 4,872
NGL sales        
REVENUES:        
Revenue 3,364 1,254 6,270 2,943
Gathering, transportation and other fees        
REVENUES:        
Revenue 2,255 2,137 4,521 4,522
Natural gas sales        
REVENUES:        
Revenue 1,007 514 6,131 1,102
Other        
REVENUES:        
Revenue $ 161 $ 104 $ 348 $ 294