Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 1,614	$ 3,019
Accounts and notes receivable (net of allowances of $41 million in 2019 and $22 million in 2018)	7,376	5,414
Accounts and notes receivable—related parties	1,134	759
Inventories	3,776	3,543
Prepaid expenses and other current assets	495	474
Total Current Assets	14,395	13,209
Investments and long-term receivables	14,571	14,421
Net properties, plants and equipment	23,786
Net properties, plants and equipment		22,018
Goodwill	3,270	3,270
Intangibles	869	869
Other assets	1,829	515
Total Assets	58,720	54,302
Liabilities
Accounts payable	8,043	6,113
Accounts payable—related parties	532	473
Short-term debt	547	67
Accrued income and other taxes	979	1,116
Employee benefit obligations	710	724
Other accruals	835	442
Total Current Liabilities	11,646	8,935
Long-term debt	11,216	11,093
Asset retirement obligations and accrued environmental costs	638	624
Deferred income taxes	5,553	5,275
Employee benefit obligations	1,044	867
Other liabilities and deferred credits	1,454	355
Total Liabilities	31,551	27,149
Equity
Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2019—647,416,633 shares; 2018—645,691,761 shares)	6	6
Capital in excess of par	20,301	19,873
Treasury stock (at cost: 2019—206,390,806 shares; 2018—189,526,331 shares)	(16,673)	(15,023)
Retained earnings	22,064	20,489
Accumulated other comprehensive loss	(788)	(692)
Total Stockholders’ Equity	24,910	24,653
Noncontrolling interests	2,259	2,500
Total Equity	27,169	27,153
Total Liabilities and Equity	$ 58,720	$ 54,302