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        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001924937</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000051434</issuerCik>
            <issuerName>INTERNATIONAL PAPER COMPANY</issuerName>
            <secFileNumber>001-03157</secFileNumber>
            <issuerAddress>
                <ns2:street1>6400 POPLAR AVENUE</ns2:street1>
                <ns2:city>MEMPHIS</ns2:city>
                <ns2:stateOrCountry>TN</ns2:stateOrCountry>
                <ns2:zipCode>38197</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>901-419-7000</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>HOLLY G GOUGHNOUR</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>2500</noOfUnitsSold>
            <aggregateMarketValue>89262.50</aggregateMarketValue>
            <noOfUnitsOutstanding>345999129</noOfUnitsOutstanding>
            <approxSaleDate>07/28/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>10/01/2022</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted stock vesting under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>390</amountOfSecuritiesAcquired>
            <paymentDate>10/01/2022</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>02/02/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Performance Stock Units</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>2110</amountOfSecuritiesAcquired>
            <paymentDate>02/02/2023</paymentDate>
            <natureOfPayment>Services Rendered</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>07/28/2023</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Holly G. Goughnour</signature>
        </noticeSignature>
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144
0001924937
XXXXXXXX
LIVE
0000051434
INTERNATIONAL PAPER COMPANY
001-03157
6400 POPLAR AVENUE
MEMPHIS
TN
38197
901-419-7000
HOLLY G GOUGHNOUR
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Floor
New York
NY
10004
2500
89262.50
345999129
07/28/2023
NYSE
Common
10/01/2022
Restricted stock vesting under a registered plan
Issuer
N
390
10/01/2022
Services Rendered
Common
02/02/2023
Performance Stock Units
Issuer
N
2110
02/02/2023
Services Rendered
Y
07/28/2023
/s/ Holly G. Goughnour