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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 17,677 $ 22,387 $ 16,540
Cost of sales and fuel (exclusive of items shown separately below) 11,929 17,910 12,257
Operations and maintenance 1,319 958 900
Depreciation and amortization 769 626 622
General taxes 216 191 167
Transaction costs (Note B) 158 0 0
Other operating income, net (Note C) (786) (105) (2)
Operating income 4,072 2,807 2,596
Equity in net earnings from investments 202 148 122
Other income (expense), net 89 (29) (1)
Interest expense (net of capitalized interest of $43, $57 and $25, respectively) (866) (676) (733)
Income before income taxes 3,497 2,250 1,984
Income taxes (Note M) (838) (528) (484)
Net income 2,659 1,722 1,500
Less: Preferred stock dividends 1 1 1
Net income available to common shareholders $ 2,658 $ 1,721 $ 1,499
Basic EPS (in dollars per share) $ 5.49 $ 3.85 $ 3.36
Diluted EPS (in dollars per share) $ 5.48 $ 3.84 $ 3.35
Average shares (millions)      
Basic (in shares) 484.3 447.5 446.4
Diluted (in shares) 485.4 448.4 447.4
Commodity sales      
Revenues      
Total revenues $ 15,614 $ 20,976 $ 15,180
Services      
Revenues      
Total revenues $ 2,063 $ 1,411 $ 1,360