Deferred Charges and Other Assets (Tables)

12 Months Ended

Dec. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Deferred Charges and Other Assets

“Deferred charges and other assets, net” consisted of the following (in millions):

	December 31,
	2024		2023
Deferred turnaround and catalyst costs, net	$	2,689	$	2,382
Operating lease ROU assets, net (see Note 5)	1,098		1,136
Investments in nonconsolidated joint ventures	695		713
Purchased compliance credits	488		612
Goodwill	260		260
Intangible assets, net	151		183
Income taxes receivable	317		56
Other	1,394		1,284
Deferred charges and other assets, net	$	7,092	$	6,626