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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 563 $ 2,488
Receivables, less reserve of $12 and $6 1,082 748
Notes, Loans and Financing Receivable, Net, Current 748 0
Inventories 126 136
Other current assets 36 66
Disposal Group, Including Discontinued Operation, Assets, Current 11 227
Total current assets 2,566 3,665
Equity method investments 847 931
Property, plant and equipment, less accumulated depreciation, depletion and amortization of $21,564 and $20,255 17,665 16,727
Goodwill 115 115
Other noncurrent assets 764 558
Noncurrent assets held for sale 55 9,098
Total assets 22,012 31,094
Current liabilities:    
Accounts payable 1,395 967
Payroll and benefits payable 108 129
Accrued taxes 177 94
Other current liabilities 288 243
Long-term debt due within one year 0 686
Disposal Group, Including Discontinued Operation, Liabilities, Current 0 121
Total current liabilities 1,968 2,240
Long-term debt 5,494 6,581
Deferred tax liabilities 833 769
Defined benefit postretirement plan obligations 362 345
Asset retirement obligations 1,428 1,602
Deferred credit and other liabilities 217 225
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent 2 1,791
Total liabilities 10,304 13,553
Commitments and contingencies
Stockholders’ Equity    
Preferred stock no shares issued or outstanding (no par value, 26 million shares authorized) 0 0
Common stock issued - 937 million and 937 million shares (par value $1 per share, 1.1 billion shares authorized) 937 937
Common stock, held in treasury, at cost – 87 million and 90 million shares (3,325) (3,431)
Additional paid-in capital 7,379 7,446
Retained earnings 6,779 12,672
Accumulated other comprehensive loss (62) (83)
Total stockholders equity 11,708 17,541
Total liabilities and stockholders equity $ 22,012 $ 31,094