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Consolidated Statements Of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:    
Total revenues $ 18,995 $ 20,491
COSTS AND EXPENSES:    
Cost of products sold 14,610 16,138
Operating expenses 1,025 949
Depreciation, depletion and amortization 1,059 1,028
Selling, general and administrative 238 230
Impairment losses 1 300
Total costs and expenses 16,933 18,645
OPERATING INCOME 2,062 1,846
OTHER INCOME (EXPENSE):    
Interest expense, net of interest capitalized (619) (559)
Equity in earnings of unconsolidated affiliates 88 56
Gains (losses) on interest rate derivatives (20) 114
Other Nonoperating Expense 7 21
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 1,518 1,478
Income tax expense (benefit) 71 (9)
Net income 1,447 1,487
Less: Net income attributable to noncontrolling interests 321 205
Less: Net income attributable to redeemable noncontrolling interests 13 13
NET INCOME ATTRIBUTABLE TO PARTNERS 1,113 1,269
Less: General Partner’s interest in net income (1) (1)
Preferred Unitholders’ interest in net income 109 106
Common Unitholders’ interest in net income $ 1,003 $ 1,162
NET INCOME PER COMMON UNIT:    
Basic $ 0.32 $ 0.38
Diluted $ 0.32 $ 0.37
Crude sales    
REVENUES:    
Total revenues $ 5,478 $ 5,302
NGL sales    
REVENUES:    
Total revenues 4,160 5,109
Gathering, transportation and other fees    
REVENUES:    
Total revenues 2,777 2,693
Natural gas sales    
REVENUES:    
Total revenues 899 1,753
Other    
REVENUES:    
Total revenues 227 188
Natural gas sales    
REVENUES:    
Total revenues $ 5,454 $ 5,446