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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES:    
Total revenues $ 20,491 $ 16,995
COSTS AND EXPENSES:    
Cost of products sold 16,138 10,948
Operating expenses 949 820
Depreciation, depletion and amortization 1,028 954
Selling, general and administrative 230 201
Impairment losses 300 3
Total costs and expenses 18,645 12,926
OPERATING INCOME 1,846 4,069
OTHER INCOME (EXPENSE):    
Interest expense, net of interest capitalized (559) (589)
Equity in earnings of unconsolidated affiliates 56 55
Losses on extinguishments of debt 0 (7)
Gains on interest rate derivatives 114 194
Other, net 21 (6)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 1,478 3,716
Income tax expense (benefit) (9) 75
NET INCOME 1,487 3,641
Less: Net income attributable to noncontrolling interests 205 341
Less: Net income attributable to redeemable noncontrolling interests 13 12
NET INCOME ATTRIBUTABLE TO PARTNERS 1,269 3,288
Less: General Partner’s interest in income 1 3
Preferred Unitholders’ interest in net income 106 0
Limited Partners’ interest in net income $ 1,162 $ 3,285
NET INCOME PER COMMON UNIT:    
Basic $ 0.38 $ 1.22
Diluted $ 0.37 $ 1.21
Refined product sales    
REVENUES:    
Revenue $ 5,446 $ 3,524
Crude sales    
REVENUES:    
Revenue 5,302 2,988
NGL sales    
REVENUES:    
Revenue 5,109 2,906
Gathering, transportation and other fees    
REVENUES:    
Revenue 2,693 2,266
Natural gas sales    
REVENUES:    
Revenue 1,753 5,124
Other revenue    
REVENUES:    
Revenue $ 188 $ 187