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Consolidated Condensed Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES AND OTHER INCOME        
Net sales $ 6,624 $ 7,173 $ 19,841 $ 19,965
Interest, dividends and other income 59 60 162 130
Gains (losses) on sales of assets and other, net 34 (79) 13 (52)
Total 6,717 7,154 20,016 20,043
COSTS AND OTHER DEDUCTIONS        
Oil and gas lease operating expense 1,174 1,207 3,526 3,547
Transportation and gathering expense 416 407 1,238 1,165
Chemical and midstream cost of sales 812 889 2,460 2,627
Selling, general and administrative expense 277 268 828 786
Other operating and non-operating expense 396 334 1,285 1,088
Taxes other than on income 248 256 781 756
Depreciation, depletion and amortization 2,061 1,926 5,914 5,394
Asset impairments and other charges 0 21 0 21
Acquisition-related costs 1 49 13 75
Exploration expense 66 57 204 206
Interest and debt expense, net 270 312 864 848
Total 5,721 5,726 17,113 16,513
Income before income taxes and other items 996 1,428 2,903 3,530
OTHER ITEMS        
Income from equity investments and other 170 166 333 709
Total 170 166 333 709
Income from continuing operations before income taxes 1,166 1,594 3,236 4,239
Income tax expense (324) (454) (981) (1,223)
Income from continuing operations 842 1,140 2,255 3,016
Discontinued operations, net of taxes 0 0 0 182
NET INCOME 842 1,140 2,255 3,198
Less: Net income attributable to noncontrolling interest (12) (7) (31) (15)
Less: Preferred stock dividends (169) (169) (509) (509)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 661 $ 964 $ 1,715 $ 2,674
PER COMMON SHARE        
Income from continuing operations—basic (in dollars per share) $ 0.67 $ 1.03 $ 1.73 $ 2.75
Discontinued operations—basic (in dollars per share) 0 0 0 0.20
Net income attributable to common stockholders—basic (in dollars per share) 0.67 1.03 1.73 2.95
PER COMMON SHARE, DILUTED        
Income from continuing operations—diluted (in dollars per share) 0.65 0.98 1.68 2.58
Discontinued operations—diluted (in dollars per share) 0 0 0 0.19
Net income attributable to common stockholders—diluted (in dollars per share) $ 0.65 $ 0.98 $ 1.68 $ 2.77