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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,890 $ 1,614
Accounts and notes receivable (net of allowances of $39 million in 2020 and $41 million in 2019) 3,995 7,376
Accounts and notes receivable—related parties 857 1,134
Inventories 5,136 3,776
Prepaid expenses and other current assets 621 495
Total Current Assets 12,499 14,395
Investments and long-term receivables 13,628 14,571
Net properties, plants and equipment 24,282 23,786
Goodwill 1,425 3,270
Intangibles 874 869
Other assets 1,810 1,829
Total Assets 54,518 58,720
Liabilities    
Accounts payable 4,902 8,043
Accounts payable—related parties 466 532
Short-term debt 1,783 547
Accrued income and other taxes 1,046 979
Employee benefit obligations 395 710
Other accruals 1,431 835
Total Current Liabilities 10,023 11,646
Long-term debt 12,663 11,216
Asset retirement obligations and accrued environmental costs 625 638
Deferred income taxes 5,471 5,553
Employee benefit obligations 1,360 1,044
Other liabilities and deferred credits 1,081 1,454
Total Liabilities 31,223 31,551
Equity    
Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2020—648,446,534 shares; 2019—647,416,633 shares), Par value 6 6
Capital in excess of par 20,342 20,301
Treasury stock (at cost: 2020—211,771,827 shares; 2019—206,390,806 shares) (17,116) (16,673)
Retained earnings 18,631 22,064
Accumulated other comprehensive loss (1,148) (788)
Total Stockholders’ Equity 20,715 24,910
Noncontrolling interests 2,580 2,259
Total Equity 23,295 27,169
Total Liabilities and Equity 54,518 58,720
Accounts Receivable, Allowance for Credit Loss, Current $ 39 $ 41
Common Stock, Shares Authorized 2,500,000,000 2,500,000,000
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01