Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 1,845	$ 1,426
Trade receivables, net of reserves of $29 in 2024 and $29 in 2023	3,896	3,195
Inventories	2,813	2,022
Other current assets	1,538	1,732
Total current assets	10,092	8,375
INVESTMENTS IN UNCONSOLIDATED ENTITIES	3,460	3,224
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	130,222	126,811
Accumulated depreciation, depletion and amortization	(71,352)	(68,282)
Net property, plant and equipment	58,870	58,529
OPERATING LEASE ASSETS	1,022	1,130
OTHER LONG-TERM ASSETS	2,772	2,750
TOTAL ASSETS	76,216	74,008
CURRENT LIABILITIES
Current maturities of long-term debt	1,347	1,202
Current operating lease liabilities	410	446
Accounts payable	4,282	3,646
Accrued liabilities	3,660	3,854
Total current liabilities	9,699	9,148
LONG-TERM DEBT, NET
Long-term debt, net	18,390	18,536
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net	5,680	5,764
Asset retirement obligations	3,848	3,882
Pension and postretirement obligations	935	931
Environmental remediation liabilities	857	889
Operating lease liabilities	668	727
Other	3,880	3,782
Total deferred credits and other liabilities	15,868	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 — 1,133,743,780 shares and 2023 — 1,107,516,500 shares	227	222
Treasury stock: 2024 — $228,183,821 shares and 2023 — $228,053,397 shares	(15,591)	(15,582)
Additional paid-in capital	17,928	17,422
Retained earnings	20,938	19,626
Accumulated other comprehensive income	264	275
Total stockholders' equity	32,053	30,250
Non-controlling interest	206	99
Total equity	32,259	30,349
TOTAL LIABILITIES AND EQUITY	76,216	74,008
Corporate
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	1,091	1,039
Oil and gas | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	111,881	109,214
Chemical | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	8,520	8,279
Midstream and marketing | Operating segments
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	$ 8,730	$ 8,279