CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash and cash equivalents		$ 1,909	$ 2,764
Trade receivables, net		5,434	4,208
Inventories		1,406	1,846
Assets held for sale		0	72
Other current assets		1,309	1,321
Total current assets		10,058	10,211
INVESTMENTS IN UNCONSOLIDATED ENTITIES		3,015	2,938
PROPERTY, PLANT AND EQUIPMENT		117,542	118,157
Accumulated depreciation, depletion and amortization		(58,313)	(58,227)
Net property, plant and equipment		59,229	59,930
OPERATING LEASE ASSETS		689	726
LONG-TERM RECEIVABLES AND OTHER ASSETS, NET		1,231	1,231
TOTAL ASSETS		74,222	75,036
CURRENT LIABILITIES
Current maturities of long-term debt	[1]	507	186
Current operating lease liabilities		173	186
Accounts payable		4,664	3,899
Accrued liabilities		3,356	4,046
Liabilities of assets held for sale		0	7
Total current liabilities		8,700	8,324
LONG-TERM DEBT, NET
Long-term debt, net	[2]	25,865	29,431
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net		4,806	7,039
Asset retirement obligations		3,634	3,687
Pension and postretirement obligations		1,541	1,540
Environmental remediation liabilities		933	944
Operating lease liabilities		558	585
Other		3,278	3,159
Total deferred credits and other liabilities		14,750	16,954
STOCKHOLDERS' EQUITY
Preferred stock, at $1.00 per share par value (100,000 shares as of March 31, 2022 and December 31, 2021)		9,762	9,762
Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2022 — 1,087,270,122 shares and 2021 — 1,083,423,094 shares		217	217
Treasury stock: 2022 — 150,079,140 shares and 2021 — 149,348,394 shares		(10,709)	(10,673)
Additional paid-in capital		16,785	16,749
Retained earnings		9,032	4,480
Accumulated other comprehensive loss		(180)	(208)
Total stockholders' equity		24,907	20,327
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		74,222	75,036
Corporate
CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT		960	964
Oil and gas | Operating segments
CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT		101,511	101,251
Chemical | Operating segments
CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT		7,588	7,571
Midstream and marketing | Operating segments
CURRENT ASSETS
PROPERTY, PLANT AND EQUIPMENT		$ 7,483	$ 8,371

[1] Included $99 million and $85 million of current finance lease liabilities as of March 31, 2022 and December 31, 2021, respectively.

[2] Included $540 million and $504 million of finance lease liabilities as of March 31, 2022 and December 31, 2021, respectively.