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Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at December 31 were:

			Millions of Dollars
			2022			2021
Crude oil and natural gas			$	641		647
Materials and supplies			578			561
Total inventories			$	1,219		1,208
Inventories valued on the LIFO basis			$	396		395

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

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