Consolidated Condensed Balance Sheets - USD ($) $ in Millions		Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents		$ 486	$ 984
Trade receivables, net of reserves of $24 in 2023 and $37 in 2022		2,850	4,281
Inventories		2,021	2,059
Other current assets		2,097	1,562
Total current assets		7,454	8,886
INVESTMENTS IN UNCONSOLIDATED ENTITIES		3,431	3,176
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		123,891	120,734
Accumulated depreciation, depletion and amortization		(65,550)	(62,350)
Net property, plant and equipment		58,341	58,384
OPERATING LEASE ASSETS		827	903
LONG-TERM RECEIVABLES AND OTHER ASSETS, NET		1,146	1,260
TOTAL ASSETS		71,199	72,609
CURRENT LIABILITIES
Current maturities of long-term debt	[1]	158	165
Preferred stock redemption payable		304	0
Current operating lease liabilities		284	273
Accounts payable		3,557	4,029
Accrued liabilities		3,153	3,290
Total current liabilities		7,456	7,757
LONG-TERM DEBT, NET
Long-term debt, net	[2]	19,669	19,670
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net		5,605	5,512
Asset retirement obligations		3,667	3,636
Pension and postretirement obligations		978	1,055
Environmental remediation liabilities		867	905
Operating lease liabilities		576	657
Other		3,270	3,332
Total deferred credits and other liabilities		14,963	15,097
STOCKHOLDERS' EQUITY
Preferred stock, at $1.00 per share par value: 2023 — 88,312 shares and 2022 —100,000 shares	[3]	8,621	9,762
Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2023 — 1,103,080,267 shares and 2022 — 1,098,512,626 shares		221	220
Treasury stock: 2023 — 218,398,379 shares and 2022 — 198,653,682 shares		(14,958)	(13,772)
Additional paid-in capital		17,218	17,181
Retained earnings		17,762	16,499
Accumulated other comprehensive income		247	195
Total stockholders' equity		29,111	30,085
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		71,199	72,609
Corporate
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		921	889
Oil and gas | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		107,190	104,487
Chemical | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		7,946	7,808
Midstream and marketing | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		$ 7,834	$ 7,550

[1] Included $158 million and $143 million of current finance lease liabilities as of June 30, 2023 and December 31, 2022, respectively.

[2] Included $587 million and $546 million of finance lease liabilities as of June 30, 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.