Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,162	$ 580
Receivables, net	1,512	1,142
Inventories	93	77
Other current assets	41	22
Total current assets	2,808	1,821
Equity method investments	528	450
Property, plant and equipment, net of accumulated depreciation, depletion and amortization of $23,116 and $22,412	14,357	14,499
Deferred tax assets	325	0
Other noncurrent assets	268	224
Total assets	18,286	16,994
Current liabilities:
Accounts payable	1,523	1,110
Payroll and benefits payable	50	74
Accrued taxes	143	157
Other current liabilities	388	260
Long-term debt due within one year	273	36
Total current liabilities	2,377	1,637
Long-term debt	3,709	3,978
Deferred tax liabilities	146	136
Defined benefit postretirement plan obligations	124	137
Asset retirement obligations	278	288
Deferred credits and other liabilities	120	132
Total liabilities	6,754	6,308
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 shares (par value $1 per share, 1.925 billion shares authorized at June 30, 2022 and December 31, 2021)	937	937
Held in treasury, at cost – 248 million shares and 194 million shares	(6,118)	(4,825)
Additional paid-in capital	7,186	7,221
Retained earnings	9,433	7,271
Accumulated other comprehensive income	94	82
Total stockholders’ equity	11,532	10,686
Total liabilities and stockholders’ equity	$ 18,286	$ 16,994