XML 17 R3.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements Of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Total revenues $ 20,772 $ 20,739 $ 63,130 $ 58,054
COSTS AND EXPENSES:        
Cost of products sold 15,612 16,059 47,818 44,761
Operating expenses 1,358 1,105 3,723 3,224
Depreciation, depletion and amortization 1,324 1,107 3,791 3,227
Selling, general and administrative 297 234 889 700
Impairment losses 0 1 50 12
Total costs and expenses 18,591 18,506 56,271 51,924
OPERATING INCOME 2,181 2,233 6,859 6,130
OTHER INCOME (EXPENSE):        
Interest expense, net of interest capitalized (828) (632) (2,318) (1,892)
Equity in earnings of unconsolidated affiliates 102 103 285 286
Loss on extinguishment of debt 0 0 (11) 0
Gain (loss) on interest rate derivatives (6) 32 6 47
Gain on sale of Sunoco LP West Texas assets 0 0 598 0
Other, net 74 13 104 37
INCOME BEFORE INCOME TAX EXPENSE 1,523 1,124 5,523 3,983
Income tax expense 89 77 405 256
Net income 1,434 1,047 5,118 3,727
Less: Net income attributable to noncontrolling interests 238 451 1,337 1,080
Less: Net income attributable to redeemable noncontrolling interests 13 12 44 39
NET INCOME ATTRIBUTABLE TO PARTNERS 1,183 584 3,737 2,608
Less: General Partner’s interest in net income 1 0 3 2
Preferred Unitholders’ interest in net income 67 118 294 340
Preferred Stock Redemption Premium 0 0 54 0
Common Unitholders’ interest in net income $ 1,115 $ 466 $ 3,386 $ 2,266
NET INCOME PER COMMON UNIT:        
Basic $ 0.33 $ 0.15 $ 1.00 $ 0.73
Diluted $ 0.32 $ 0.15 $ 0.99 $ 0.72
Gain (Loss) Related to Litigation Settlement $ 0 $ (625) $ 0 $ (625)
Refined product sales        
REVENUES:        
Total revenues 5,566 6,403 17,066 17,691
NGL sales        
REVENUES:        
Total revenues 4,707 3,760 14,336 11,409
Natural gas sales        
REVENUES:        
Total revenues 505 878 1,820 2,462
Other        
REVENUES:        
Total revenues 413 287 1,005 782
Crude sales        
REVENUES:        
Total revenues 6,476 6,587 19,872 17,298
Gathering, transportation and other fees        
REVENUES:        
Total revenues $ 3,105 $ 2,824 $ 9,031 $ 8,412