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v3.25.1

SEGMENTS - OTHER SEGMENT EXPENSES (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Segment Information |  |
Net sales | $ 6,803 | $ 5,975
Gains (losses) on sale of assets and other, net | (19) | (1)
Total | 6,843 | 6,010
Oil and gas lease operating expense | 1,217 | 1,161
Transportation and gathering expense | 413 | 353
Other operating and non-operating expense | 392 | 410
Taxes other than on income | 264 | 235
Cost of sales | 801 | 828
Depreciation, depletion and amortization | 1,917 | 1,693
Total | 5,650 | 5,301
Income before income taxes and other items | 1,193 | 709
Income from equity investments and other | 139 | 301
Income from continuing operations before income taxes | 1,332 | 1,010
Other Operating Segments And Intersegment Eliminations | Oil and gas |  |
Segment Information |  |
Net sales | 5,683 | 4,915
Gains (losses) on sale of assets and other, net | (6) | 3
Total | 5,677 | 4,918
Oil and gas lease operating expense | 1,217 | 1,161
Transportation and gathering expense | 407 | 348
Other operating and non-operating expense | 244 | 274
Taxes other than on income | 260 | 232
Depreciation, depletion and amortization | 1,702 | 1,497
Other segment expenses | 150 | 154
Total | 3,980 | 3,666
Income before income taxes and other items | 1,697 | 1,252
Income from equity investments and other | 0 | (14)
Income from continuing operations before income taxes | 1,697 | 1,238
Other Operating Segments And Intersegment Eliminations | Chemical |  |
Segment Information |  |
Net sales | 1,188 | 1,186
Gains (losses) on sale of assets and other, net | 12 | 5
Total | 1,200 | 1,191
Cost of sales | 870 | 820
Depreciation, depletion and amortization | 94 | 87
Other segment expenses | 76 | 54
Total | 1,040 | 961
Income before income taxes and other items | 160 | 230
Income from equity investments and other | 25 | 24
Income from continuing operations before income taxes | 185 | 254
Other Operating Segments And Intersegment Eliminations | Midstream and marketing |  |
Segment Information |  |
Net sales | 203 | 99
Gains (losses) on sale of assets and other, net | 26 | 27
Total | 229 | 126
Other operating and non-operating expense | 85 | 88
Cost of sales | 213 | 251
Depreciation, depletion and amortization | 87 | 84
Other segment expenses | 35 | 27
Total | 420 | 450
Income before income taxes and other items | (191) | (324)
Income from equity investments and other | 114 | 291
Income from continuing operations before income taxes | $ (77) | $ (33)

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