Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 2,132	$ 1,426
Trade receivables, net of reserves of $24 in 2024 and $29 in 2023	3,526	3,195
Joint interest receivables	720	902
Inventories	2,095	2,022
Other current assets	597	830
Total current assets	9,070	8,375
INVESTMENTS IN UNCONSOLIDATED ENTITIES	3,159	3,224
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	140,954	126,811
Accumulated depreciation, depletion and amortization	(71,576)	(68,282)
Total property, plant and equipment, net	69,378	58,529
OPERATING LEASE ASSETS	937	1,130
OTHER LONG-TERM ASSETS	2,901	2,750
TOTAL ASSETS	85,445	74,008
CURRENT LIABILITIES
Current maturities of long-term debt	1,138	1,202
Current operating lease liabilities	374	446
Accounts payable	3,753	3,646
Accrued liabilities	4,256	3,854
Total current liabilities	9,521	9,148
LONG-TERM DEBT, NET	24,978	18,536
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net	5,394	5,764
Asset retirement obligations	4,042	3,882
Other deferred credits and liabilities	7,030	6,329
Total deferred credits and other liabilities	16,466	15,975
EQUITY
Preferred stock, at $1.00 per share par value, issued shares: 2024 — 84,897 and 2023 — 84,897	8,287	8,287
Common stock, $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2024 — 1,166,769,167 and 2023 — 1,107,516,500	233	222
Treasury stock: 2024 — 228,311,184 shares and 2023 — 228,053,397 shares	(15,597)	(15,582)
Additional paid-in capital	19,868	17,422
Retained earnings	21,189	19,626
Accumulated other comprehensive income	179	275
Total stockholders’ equity	34,159	30,250
Noncontrolling interest	321	99
Total equity	34,480	30,349
TOTAL LIABILITIES AND EQUITY	85,445	74,008
Operating segments | Oil and gas
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	121,874	109,214
TOTAL ASSETS	63,596	53,786
Operating segments | Chemical
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	8,725	8,279
TOTAL ASSETS	5,122	4,682
Operating segments | Midstream and marketing
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	9,322	8,279
Corporate
PROPERTY, PLANT AND EQUIPMENT
Gross property, plant and equipment	$ 1,033	$ 1,039