v3.21.1
Consolidated Income Statement - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues and Other Income    
Sales and other operating revenues $ 9,826 $ 6,158
Equity in earnings (losses) of affiliates 122 234
Gain (loss) on dispositions 233 (42)
Other income (loss) 378 (1,539)
Total Revenues and Other Income 10,559 4,811
Costs and Expenses    
Purchased commodities 4,483 2,661
Production and operating expenses 1,383 1,173
Selling, General and Administrative Expense 311 (3)
Exploration expenses 84 188
Depreciation, depletion and amortization 1,886 1,411
Impairments (3) 521
Taxes other than income taxes 370 250
Accretion on discounted liabilities 62 67
Interest and debt expense 226 202
Foreign currency transaction (gain) loss 19 (90)
Other expenses 24 (6)
Total Costs and Expenses 8,845 6,374
Income (Loss) before income taxes 1,714 (1,563)
Income tax provision 732 148
Net income (loss) 982 (1,711)
Less: net income attributable to noncontrolling interests 0 (28)
Net Income (Loss) Attributable to ConocoPhillips $ 982 $ (1,739)
Earnings Per Share, Basic [Abstract]    
Earnings Per Share, Basic $ 0.75 $ (1.60)
Earnings Per Share, Diluted [Abstract]    
Earnings Per Share, Diluted $ 0.75 $ (1.60)
Average Common Shares Outstanding (in thousands)    
Basic 1,300,375 1,084,561
Diluted 1,302,691 1,084,561