Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 1,272	$ 1,426
Trade receivables, net of reserves of $29 in 2024 and $29 in 2023	3,271	3,195
Inventories	2,131	2,022
Other current assets	1,671	1,732
Total current assets	8,345	8,375
INVESTMENTS IN UNCONSOLIDATED ENTITIES	3,400	3,224
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	128,542	126,811
Accumulated depreciation, depletion and amortization	(69,779)	(68,282)
Net property, plant and equipment	58,763	58,529
OPERATING LEASE ASSETS	1,038	1,130
OTHER LONG-TERM ASSETS	2,731	2,750
TOTAL ASSETS	74,277	74,008
CURRENT LIABILITIES
Current maturities of long-term debt	1,203	1,202
Current operating lease liabilities	424	446
Accounts payable	3,827	3,646
Accrued liabilities	3,358	3,854
Total current liabilities	8,812	9,148
LONG-TERM DEBT, NET
Long-term debt, net	18,545	18,536
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net	5,728	5,764
Asset retirement obligations	3,867	3,882
Pension and postretirement obligations	933	931
Environmental remediation liabilities	870	889
Operating lease liabilities	664	727
Other	3,891	3,782
Total deferred credits and other liabilities	15,953	15,975
EQUITY
Preferred stock, at $1.00 per share par value: 2024 — $84,897 shares and 2023 —$84,897 shares	8,287	8,287
Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2024 — 1,114,773,127 shares and 2023 — 1,107,516,500 shares	223	222
Treasury stock: 2024 — $228,053,397 shares and 2023 — $228,053,397 shares	(15,582)	(15,582)
Additional paid-in capital	17,456	17,422
Retained earnings	20,147	19,626
Accumulated other comprehensive income	280	275
Total stockholders' equity	30,811	30,250
Non-controlling interest	156	99
Total equity	30,967	30,349
TOTAL LIABILITIES AND EQUITY	74,277	74,008
Corporate
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	1,060	1,039
Oil and gas | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	110,680	109,214
Chemical | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	8,315	8,279
Midstream and marketing | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	$ 8,487	$ 8,279