INDUSTRY SEGMENTS AND GEOGRAPHIC AREAS - RECONCILES SEGMENT INCOME FROM COUNTINUING OPERATIONS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Segment Information
Number of operating segments | segment	3
Income from continuing operations before income taxes	$ 4,070	$ 6,429	$ 14,117
Interest and debt expense, net	(1,175)	(945)	(1,030)
Income tax expense	(1,174)	(1,733)	(813)
Income from continuing operations	2,896	4,696	13,304
Income from discontinued operations, net of tax	182	0	0
NET INCOME	3,078	4,696	13,304
Less: Net income attributable to noncontrolling interest	(22)	0	0
Less: Preferred stock dividends and redemption premiums	(679)	(923)	(800)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 2,377	3,773	12,504
Number of reportable segments | segment	3
Operating segments | Oil and gas
Segment Information
Income from continuing operations before income taxes	$ 5,214	6,240	12,803
Operating segments | Chemical
Segment Information
Income from continuing operations before income taxes	1,124	1,531	2,508
Operating segments | Midstream and marketing
Segment Information
Income from continuing operations before income taxes	580	24	273
Corporate and eliminations
Segment Information
Income from continuing operations before income taxes	$ (1,673)	$ (421)	$ (437)