Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash and cash equivalents		$ 984	$ 2,764
Trade receivables, net of reserves of $37 in 2022 and $35 in 2021		4,281	4,208
Inventories		2,059	1,846
Other current assets		1,562	1,393
Total current assets		8,886	10,211
INVESTMENTS IN UNCONSOLIDATED ENTITIES		3,176	2,938
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		120,734	118,157
Accumulated depreciation, depletion and amortization		(62,350)	(58,227)
Total property, plant and equipment, net		58,384	59,930
OPERATING LEASE ASSETS		903	726
LONG-TERM RECEIVABLES AND OTHER ASSETS, NET		1,260	1,231
TOTAL ASSETS		72,609	75,036
CURRENT LIABILITIES
Current maturities of long-term debt	[1]	165	186
Current operating lease liabilities		273	186
Accounts payable		4,029	3,899
Accrued liabilities		3,290	4,053
Total current liabilities		7,757	8,324
Long-term debt, net	[2]	19,670	29,431
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net		5,512	7,039
Asset retirement obligations		3,636	3,687
Pension and postretirement obligations		1,055	1,540
Environmental remediation liabilities		905	944
Operating lease liabilities		657	585
Other		3,332	3,159
Total deferred credits and other liabilities		15,097	16,954
EQUITY
Preferred stock, at $1.00 per share par value (100,000 shares as of December 31, 2022 and 2021)		9,762	9,762
Common stock, $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2022 — 1,098,512,626 and 2021 — 1,083,423,094		220	217
Treasury stock: 2022 — 198,653,682 shares and 2021 — 149,348,394 shares		(13,772)	(10,673)
Additional paid-in capital		17,181	16,749
Retained earnings		16,499	4,480
Accumulated other comprehensive income (loss)		195	(208)
Total stockholders’ equity		30,085	20,327
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		72,609	75,036
Operating segments | Oil and gas
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		104,487	101,251
TOTAL ASSETS		54,058	56,132
Operating segments | Chemical
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		7,808	7,571
Operating segments | Midstream and marketing
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		7,550	8,371
Corporate
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		$ 889	$ 964

[1] Included $143 million and $85 million of current finance lease liabilities as of December 31, 2022 and 2021, respectively.

[2] Included $546 million and $504 million of finance lease liabilities as of December 31, 2022 and 2021, respectively.