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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Total revenues $ 25,945 $ 15,101 $ 46,436 $ 32,096
COSTS AND EXPENSES:        
Cost of products sold 21,515 11,505 37,653 22,453
Operating expenses 1,060 867 2,009 1,687
Depreciation, depletion and amortization 1,046 940 2,074 1,894
Selling, general and administrative 211 184 441 385
Impairment losses 0 8 300 11
Total costs and expenses 23,832 13,504 42,477 26,430
OPERATING INCOME 2,113 1,597 3,959 5,666
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (578) (566) (1,137) (1,155)
Equity in earnings of unconsolidated affiliates 62 65 118 120
Losses on extinguishments of debt 0 (1) 0 (8)
Gains (losses) on interest rate derivatives 129 (123) 243 71
Other, net (18) 18 3 12
INCOME BEFORE INCOME TAX EXPENSE 1,708 990 3,186 4,706
Income tax expense 86 82 77 157
Net income 1,622 908 3,109 4,549
Less: Net income attributable to noncontrolling interests 284 269 489 610
Less: Net income attributable to redeemable noncontrolling interests 12 13 25 25
NET INCOME ATTRIBUTABLE TO PARTNERS 1,326 626 2,595 3,914
Less: General Partner’s interest in net income 1 1 2 4
Preferred Unitholders’ interest in net income 105 86 211 86
Common Unitholders’ interest in net income $ 1,220 $ 539 $ 2,382 $ 3,824
NET INCOME PER COMMON UNIT:        
Basic $ 0.40 $ 0.20 $ 0.77 $ 1.41
Diluted $ 0.39 $ 0.20 $ 0.77 $ 1.41
NGL sales        
REVENUES:        
Revenue $ 5,896 $ 3,364 $ 11,005 $ 6,270
Refined product sales        
REVENUES:        
Revenue 7,950 4,403 13,396 7,927
Other        
REVENUES:        
Revenue 222 161 410 348
Crude sales        
REVENUES:        
Revenue 6,683 3,911 11,985 6,899
Gathering, transportation and other fees        
REVENUES:        
Revenue 2,765 2,255 5,458 4,521
Natural gas sales        
REVENUES:        
Revenue $ 2,429 $ 1,007 $ 4,182 $ 6,131