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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)

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