XML 16 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES:        
Total revenues $ 16,664 $ 9,955 $ 48,760 $ 28,920
COSTS AND EXPENSES:        
Cost of products sold 13,188 6,376 35,641 18,784
Operating expenses 898 773 2,585 2,422
Depreciation, depletion and amortization 943 912 2,837 2,715
Selling, general and administrative 198 176 583 555
Impairment losses 0 1,474 11 2,803
Total costs and expenses 15,227 9,711 41,657 27,279
OPERATING INCOME 1,437 244 7,103 1,641
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (558) (569) (1,713) (1,750)
Equity in earnings (losses) of unconsolidated affiliates 71 (32) 191 46
Losses on extinguishments of debt 0 0 (8) (62)
Gains (losses) on interest rate derivatives 1 55 72 (277)
Other, net 33 71 45 6
INCOME (LOSS) BEFORE INCOME TAX EXPENSE 984 (360) 5,690 (525)
Income tax expense 77 41 234 168
NET INCOME (LOSS) 907 (401) 5,456 (693)
Less: Net income attributable to noncontrolling interests 260 242 870 427
Less: Net income attributable to redeemable noncontrolling interests 12 12 37 37
NET INCOME (LOSS) ATTRIBUTABLE TO PARTNERS 635 (655) 4,549 (1,157)
Net Income (Loss) Allocated to General Partners 1 0 5 (1)
Noncontrolling Interest in Net Income (Loss) Preferred Unit Holders, Nonredeemable 99 0 185 0
Limited Partners’ interest in net income (loss) $ 535 $ (655) $ 4,359 $ (1,156)
NET INCOME (LOSS) PER LIMITED PARTNER UNIT:        
Basic $ 0.20 $ (0.24) $ 1.61 $ (0.43)
Diluted $ 0.20 $ (0.24) $ 1.60 $ (0.43)
Equity Method Investment, Other than Temporary Impairment $ 0 $ (129) $ 0 $ (129)
Refined product sales        
REVENUES:        
Revenue 4,810 2,720 12,737 7,952
Crude sales        
REVENUES:        
Revenue 4,021 2,298 10,920 7,170
NGL sales        
REVENUES:        
Revenue 4,005 1,808 10,275 4,751
Gathering, transportation and other fees        
REVENUES:        
Revenue 2,276 2,283 6,797 6,805
Natural gas sales        
REVENUES:        
Revenue 1,376 681 7,507 1,783
Other        
REVENUES:        
Revenue $ 176 $ 165 $ 524 $ 459