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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Total revenues $ 22,939 $ 16,664 $ 69,375 $ 48,760
COSTS AND EXPENSES:        
Cost of products sold 18,516 13,188 56,169 35,641
Operating expenses 973 898 2,982 2,585
Depreciation, depletion and amortization 1,030 943 3,104 2,837
Selling, general and administrative 361 198 802 583
Impairment losses and other 86 0 386 11
Total costs and expenses 20,966 15,227 63,443 41,657
OPERATING INCOME 1,973 1,437 5,932 7,103
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (577) (558) (1,714) (1,713)
Equity in earnings of unconsolidated affiliates 68 71 186 191
Losses on extinguishments of debt 0 0 0 (8)
Gains on interest rate derivatives 60 1 303 72
Other, net (120) 33 (117) 45
INCOME BEFORE INCOME TAX EXPENSE 1,404 984 4,590 5,690
Income tax expense 82 77 159 234
Net income 1,322 907 4,431 5,456
Less: Net income attributable to noncontrolling interests 304 260 793 870
Less: Net income attributable to redeemable noncontrolling interests 12 12 37 37
NET INCOME ATTRIBUTABLE TO PARTNERS 1,006 635 3,601 4,549
Less: General Partner’s interest in net income 1 1 3 5
Preferred Unitholders’ interest in net income 106 99 317 185
Common Unitholders’ interest in net income $ 899 $ 535 $ 3,281 $ 4,359
NET INCOME PER COMMON UNIT:        
Basic $ 0.29 $ 0.20 $ 1.06 $ 1.61
Diluted $ 0.29 $ 0.20 $ 1.06 $ 1.60
NGL sales        
REVENUES:        
Revenue $ 4,823 $ 4,005 $ 15,828 $ 10,275
Refined product sales        
REVENUES:        
Revenue 6,647 4,810 20,043 12,737
Other        
REVENUES:        
Revenue 218 176 628 524
Crude sales        
REVENUES:        
Revenue 5,773 4,021 17,758 10,920
Gathering, transportation and other fees        
REVENUES:        
Revenue 2,830 2,276 8,288 6,797
Natural gas sales        
REVENUES:        
Revenue $ 2,648 $ 1,376 $ 6,830 $ 7,507