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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 1,672 $ 2,233
Trade receivables, net of reserves of $16 in 2017 and $16 in 2016 4,145 3,989
Inventories 1,246 866
Assets held for sale 474  
Other current assets 733 1,340
Total current assets 8,270 8,428
INVESTMENTS    
Investment in unconsolidated entities 1,515 1,401
PROPERTY, PLANT AND EQUIPMENT    
Oil and gas segment 53,409 54,673
Chemical segment 6,847 6,930
Midstream and marketing 9,493 9,216
Corporate 497 474
GROSS PROPERTY, PLANT AND EQUIPMENT 70,246 71,293
Accumulated depreciation, depletion and amortization (39,072) (38,956)
Property, plant and equipment, net 31,174 32,337
LONG-TERM RECEIVABLES AND OTHER ASSETS, NET 1,067 943
TOTAL ASSETS 42,026 43,109
CURRENT LIABILITIES    
Current maturities of long-term debt 500  
Accounts payable 4,408 3,926
Accrued liabilities 2,492 2,436
Total current liabilities 7,400 6,362
LONG-TERM DEBT, NET 9,328 9,819
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred domestic and foreign income taxes 581 1,132
Asset retirement obligations 1,241 1,245
Pension and postretirement obligations 1,005 963
Environmental remediation reserves 728 739
Other 1,171 1,352
Total deferred credits and other liabilities 4,726 5,431
STOCKHOLDERS' EQUITY    
Common stock, $0.20 per share par value, authorized shares: 1.1 billion, issued shares: 2017 - 893,468,707 and 2016 - 892,214,604 179 178
Treasury stock: 2017 - 128,364,195 shares and 2016 - 127,977,306 shares (9,168) (9,143)
Additional paid-in capital 7,884 7,747
Retained earnings 21,935 22,981
Accumulated other comprehensive loss (258) (266)
Total stockholders' equity 20,572 21,497
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 42,026 $ 43,109