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INVESTMENTS AND RELATED-PARTY TRANSACTIONS (Details) - USD ($) shares in Millions, $ in Millions | 1 Months Ended | 12 Months Ended
--- | --- | ---
Aug. 31, 2024 | Jul. 31, 2023 | Sep. 30, 2022 | Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Equity Method Investments |  |  |  |  |  |
Equity method investment amounts |  |  |  | $ 3,159 | $ 3,224 |
Deferred credits and other liabilities |  |  |  | 16,466 | 15,975 |
Dividends received as return on investment |  |  |  | 822 | 708 | $ 643
Cumulative undistributed earnings |  |  |  | 764 | 613 |
Excess of investments in equity investees over the underlying equity in net assets |  |  |  | 421 | 424 |
Excess of investments in equity investees over the underlying equity in net assets, which represents goodwill |  |  |  | 316 | 371 |
Summarized Results of Operations |  |  |  |  |  |
Revenues and other income |  |  |  | 26,880 | 28,918 | 37,095
Costs and expenses |  |  |  | 23,672 | 23,023 | 24,088
NET INCOME |  |  |  | 3,078 | 4,696 | 13,304
Summarized Balance Sheet |  |  |  |  |  |
Current assets |  |  |  | 9,070 | 8,375 |
Current liabilities |  |  |  | 9,521 | 9,148 |
Long-term debt |  |  |  | 24,978 | 18,536 |
Other non-current liabilities |  |  |  | 16,466 | 15,975 |
Equity |  |  |  | 34,159 | 30,250 |
RELATED-PARTY TRANSACTIONS |  |  |  |  |  |
Sales |  |  |  | 26,725 | 28,257 | 36,634
Purchases |  |  |  | 560 | 722 | 948
Services |  |  |  | 1,413 | 1,155 | 1,006
Advances and amounts due from related parties |  |  |  | 3,526 | 3,195 |
Amounts due to related parties |  |  |  | 3,753 | 3,646 |
Related Party |  |  |  |  |  |
RELATED-PARTY TRANSACTIONS |  |  |  |  |  |
Sales |  |  |  | 244 | 256 | 337
Advances and amounts due from related parties |  |  |  | 49 | 62 | 40
Amounts due to related parties |  |  |  | 384 | 371 | 306
Equity Method Investment, Nonconsolidated Investee |  |  |  |  |  |
Equity Method Investments |  |  |  |  |  |
Deferred credits and other liabilities |  |  |  | 2,504 | 2,396 | 1,289
Summarized Results of Operations |  |  |  |  |  |
Revenues and other income |  |  |  | 5,184 | 4,724 | 6,342
Costs and expenses |  |  |  | 3,527 | 3,753 | 4,514
NET INCOME |  |  |  | 1,657 | 971 | 1,828
Summarized Balance Sheet |  |  |  |  |  |
Current assets |  |  |  | 4,874 | 4,772 | 3,482
Non-current assets |  |  |  | 18,151 | 18,715 | 15,282
Current liabilities |  |  |  | 2,270 | 2,547 | 1,342
Long-term debt |  |  |  | 9,296 | 9,673 | 9,512
Other non-current liabilities |  |  |  | 2,504 | 2,396 | 1,289
Equity |  |  |  | $ 8,955 | $ 8,870 | $ 6,621
WES |  |  |  |  |  |
Equity Method Investments |  |  |  |  |  |
Equity method investment ownership percentage |  |  |  | 46.00% |  |
Equity method investment amounts |  |  |  | $ 1,850 |  |
Number of shares sold (in shares) | 19.5 |  |  |  |  |
Gain on sale | $ 489 |  |  |  |  |
RELATED-PARTY TRANSACTIONS |  |  |  |  |  |
Sales to related party (as a percent) |  |  |  | 35.00% | 37.00% | 42.00%
Purchases from related party (as a percent) |  |  |  | 5.00% | 22.00% | 24.00%
OxyChem Ingleside Facility |  |  |  |  |  |
Equity Method Investments |  |  |  |  |  |
Equity method investment ownership percentage |  |  |  | 50.00% |  |
Equity method investment amounts |  |  |  | $ 503 |  |
NET Power |  |  |  |  |  |
Equity Method Investments |  |  |  |  |  |
Equity method investment ownership percentage |  |  |  | 41.60% |  |
Equity method investment amounts |  |  |  | $ 488 |  |
DEL |  |  |  |  |  |
Equity Method Investments |  |  |  |  |  |
Equity method investment ownership percentage |  |  |  | 24.50% |  |
Equity method investment amounts |  |  |  | $ 0 |  |
Deferred credits and other liabilities |  |  |  | 237 |  |
Summarized Balance Sheet |  |  |  |  |  |
Other non-current liabilities |  |  |  | 237 |  |
Other |  |  |  |  |  |
Equity Method Investments |  |  |  |  |  |
Equity method investment amounts |  |  |  | $ 318 |  |
Ingleside Ethylene LLC |  |  |  |  |  |
RELATED-PARTY TRANSACTIONS |  |  |  |  |  |
Purchases from related party (as a percent) |  |  |  | 82.00% | 69.00% | 64.00%
WES | Disposal Group, Disposed of by Sale, Not Discontinued Operations |  |  |  |  |  |
Equity Method Investments |  |  |  |  |  |
Number of shares sold (in shares) |  | 5.1 | 10.0 | 19.5 |  |
Gain on sale |  | $ 51 | $ 62 | $ 489 |  |

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