Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents		$ 1,426	$ 984
Trade receivables, net of reserves of $29 in 2023 and $37 in 2022		3,195	4,281
Inventories		2,022	2,059
Other current assets		1,732	1,562
Total current assets		8,375	8,886
INVESTMENTS IN UNCONSOLIDATED ENTITIES		3,224	3,176
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		126,811	120,734
Accumulated depreciation, depletion and amortization		(68,282)	(62,350)
Total property, plant and equipment, net		58,529	58,384
OPERATING LEASE ASSETS		1,130	903
OTHER LONG-TERM ASSETS		2,750	1,260
TOTAL ASSETS		74,008	72,609
CURRENT LIABILITIES
Current maturities of long-term debt	[1]	1,202	165
Current operating lease liabilities		446	273
Accounts payable		3,646	4,029
Accrued liabilities		3,854	3,290
Total current liabilities		9,148	7,757
LONG-TERM DEBT, NET
Long-term debt, net	[2]	18,536	19,670
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net		5,764	5,512
Asset retirement obligations		3,882	3,636
Pension and postretirement obligations		931	1,055
Environmental remediation liabilities		889	905
Operating lease liabilities		727	657
Other		3,782	3,332
Total deferred credits and other liabilities		15,975	15,097
EQUITY
Preferred stock, at $1.00 per share par value (84,897 shares as of December 31, 2023 and 100,000 as of December 31, 2022)		8,287	9,762
Common stock, $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2023 — 1,107,516,500 and 2022 — 1,098,512,626		222	220
Treasury stock: 2023 — 228,053,397 shares and 2022 — 198,653,682 shares		(15,582)	(13,772)
Additional paid-in capital		17,422	17,181
Retained earnings		19,626	16,499
Accumulated other comprehensive income		275	195
Total stockholders’ equity		30,250	30,085
Non-controlling interest		99	0
Total equity		30,349	30,085
TOTAL LIABILITIES AND EQUITY		74,008	72,609
Operating segments | Oil and gas
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		109,214	104,487
TOTAL ASSETS		53,786	54,058
Operating segments | Chemical
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		8,279	7,808
Operating segments | Midstream and marketing
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		8,279	7,550
Corporate
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment		$ 1,039	$ 889

[1] Included $146 million and $143 million of current finance lease liabilities as of December 31, 2023 and 2022, respectively.

[2] Included $591 million and $546 million of finance lease liabilities as of December 31, 2023 and 2022, respectively.