CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash and cash equivalents		$ 1,362	$ 2,764
Trade receivables, net		6,350	4,208
Inventories		1,564	1,846
Assets held for sale		0	72
Other current assets		1,132	1,321
Total current assets		10,408	10,211
INVESTMENTS IN UNCONSOLIDATED ENTITIES		3,328	2,938
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		118,301	118,157
Accumulated depreciation, depletion and amortization		(59,728)	(58,227)
Net property, plant and equipment		58,573	59,930
OPERATING LEASE ASSETS		721	726
LONG-TERM RECEIVABLES AND OTHER ASSETS, NET		1,191	1,231
TOTAL ASSETS		74,221	75,036
CURRENT LIABILITIES
Current maturities of long-term debt	[1]	459	186
Current operating lease liabilities		178	186
Accounts payable		5,197	3,899
Accrued liabilities		3,896	4,046
Liabilities of assets held for sale		0	7
Total current liabilities		9,730	8,324
LONG-TERM DEBT, NET
Long-term debt, net	[2]	21,743	29,431
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net		5,020	7,039
Asset retirement obligations		3,600	3,687
Pension and postretirement obligations		1,513	1,540
Environmental remediation liabilities		918	944
Operating lease liabilities		589	585
Other		3,278	3,159
Total deferred credits and other liabilities		14,918	16,954
STOCKHOLDERS' EQUITY
Preferred stock, at $1.00 per share par value (100,000 shares as of June 30, 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 — 1,090,722,384 shares and 2021 — 1,083,423,094 shares		218	217
Treasury stock: 2022 — 161,758,872 shares and 2021 — 149,348,394 shares		(11,391)	(10,673)
Additional paid-in capital		16,914	16,749
Retained earnings		12,462	4,480
Accumulated other comprehensive loss		(135)	(208)
Total stockholders' equity		27,830	20,327
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		74,221	75,036
Corporate
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		973	964
Oil and gas | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		102,122	101,251
Chemical | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		7,629	7,571
Midstream and marketing | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		$ 7,577	$ 8,371

[1] Included $97 million and $85 million of current finance lease liabilities as of June 30, 2022 and December 31, 2021, respectively.

[2] Included $543 million and $504 million of finance lease liabilities as of June 30, 2022 and December 31, 2021, respectively.