Consolidated Condensed Balance Sheets - USD ($) $ in Millions		Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents		$ 1,165	$ 984
Trade receivables, net of reserves of $33 million in 2023 and $37 million in 2022		3,272	4,281
Inventories		2,311	2,059
Other current assets		1,394	1,562
Total current assets		8,142	8,886
INVESTMENTS IN UNCONSOLIDATED ENTITIES		3,161	3,176
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		122,126	120,734
Accumulated depreciation, depletion and amortization		(63,957)	(62,350)
Net property, plant and equipment		58,169	58,384
OPERATING LEASE ASSETS		852	903
LONG-TERM RECEIVABLES AND OTHER ASSETS, NET		1,276	1,260
TOTAL ASSETS		71,600	72,609
CURRENT LIABILITIES
Current maturities of long-term debt	[1]	139	165
Preferred stock redemption payable		712	0
Current operating lease liabilities		287	273
Accounts payable		3,514	4,029
Accrued liabilities		2,788	3,290
Total current liabilities		7,440	7,757
LONG-TERM DEBT, NET
Long-term debt, net	[2]	19,645	19,670
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net		5,527	5,512
Asset retirement obligations		3,618	3,636
Pension and postretirement obligations		977	1,055
Environmental remediation liabilities		890	905
Operating lease liabilities		595	657
Other		3,349	3,332
Total deferred credits and other liabilities		14,956	15,097
STOCKHOLDERS' EQUITY
Preferred stock	[3]	9,130	9,762
Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2023 — 1,102,716,163 shares and 2022 — 1,098,512,626 shares		221	220
Treasury stock: 2023 — 211,164,919 shares and 2022 — 198,653,682 shares		(14,524)	(13,772)
Additional paid-in capital		17,159	17,181
Retained earnings		17,318	16,499
Accumulated other comprehensive income		255	195
Total stockholders' equity		29,559	30,085
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		71,600	72,609
Corporate
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		905	889
Oil and gas | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		105,679	104,487
Chemical | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		7,851	7,808
Midstream and marketing | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		$ 7,691	$ 7,550

[1] Included $139 million and $143 million of current finance lease liabilities as of March 31, 2023 and December 31, 2022, respectively.

[2] Included $540 million and $546 million of finance lease liabilities as of March 31, 2023 and December 31, 2022, respectively.

[3] Reduced for obligated redemptions. See Note 9 - Earnings Per Share and Stockholders' Equity in the notes to the Consolidated Condensed Financial Statements in Part I, Item 1 of this Form 10-Q.