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Consolidated Statements Of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES:      
Total revenues $ 82,671 $ 78,586 $ 89,876
COSTS AND EXPENSES:      
Cost of products sold 61,975 60,541 72,232
Operating expenses 5,164 4,368 4,338
Depreciation, depletion and amortization 5,165 4,385 4,164
Selling, general and administrative 1,177 985 1,018
Impairment losses and other 52 12 386
Total costs and expenses 73,533 70,291 82,138
OPERATING INCOME 9,138 8,295 7,738
OTHER INCOME (EXPENSE):      
Interest expense, net of interest capitalized (3,125) (2,578) (2,306)
Equity in earnings of unconsolidated affiliates [1] 379 383 257
Gains (losses) on extinguishments of debt (12) 2 0
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments 6 36 293
Gain (Loss) from Litigation Settlement 0 (627) 0
Gain (Loss) on Disposition of Assets 586 0 0
Other, net 134 86 90
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax, Total 7,106 5,597 6,072
Income tax expense 541 303 204
NET INCOME 6,565 5,294 5,868
Less: Net income attributable to noncontrolling interests 1,692 1,299 1,061
Less: Net income attributable to redeemable noncontrolling interests 59 60 51
NET INCOME ATTRIBUTABLE TO PARTNERS 4,814 3,935 4,756
General Partner’s interest in net income 4 3 4
Preferred Unitholders’ interest in net income 362 463 422
Preferred Stock Redemption Premium 54 0 0
Limited Partners’ interest in net income $ 4,394 $ 3,469 $ 4,330
NET INCOME PER COMMON UNIT:      
Basic $ 1.29 $ 1.10 $ 1.40
Diluted $ 1.28 $ 1.09 $ 1.40
Refined product sales      
REVENUES:      
Total revenues $ 22,051 $ 23,389 $ 26,020
Crude sales      
REVENUES:      
Total revenues 25,368 23,492 23,473
Natural gas sales      
REVENUES:      
Total revenues 2,737 3,259 8,535
Gathering, transportation and other fees      
REVENUES:      
Total revenues 12,027 11,428 10,907
NGL sales      
REVENUES:      
Total revenues 19,105 15,957 20,114
Other      
REVENUES:      
Total revenues $ 1,383 $ 1,061 $ 827
[1] Amounts reflected above exclude Sunoco LP’s earnings from the ET-S Permian and J.C. Nolan joint ventures, which are eliminated in consolidation.