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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 2,612 $ 2,132
Trade receivables, net of reserves of $24 in 2025 and $24 in 2024 3,609 3,526
Joint interest receivables 657 720
Inventories 2,139 2,095
Other current assets 699 597
Total current assets 9,716 9,070
INVESTMENTS IN UNCONSOLIDATED ENTITIES 3,121 3,159
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 142,344 140,954
Accumulated depreciation, depletion and amortization (74,117) (71,576)
Total property, plant and equipment, net 68,227 69,378
OPERATING LEASE ASSETS 925 937
OTHER LONG-TERM ASSETS 2,978 2,901
TOTAL ASSETS 84,967 85,445
CURRENT LIABILITIES    
Current maturities of long-term debt 1,557 1,138
Current operating lease liabilities 393 374
Accounts payable 3,779 3,753
Accrued liabilities 3,894 4,256
Total current liabilities 9,623 9,521
LONG-TERM DEBT, NET 24,037 24,978
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 5,263 5,394
Asset retirement obligations 3,854 4,042
Other liabilities 7,085 7,030
Total deferred credits and other liabilities 16,202 16,466
EQUITY    
Preferred stock, at $1.00 per share par value, issued shares: 2025 — $84,897 and 2024 —$84,897 8,287 8,287
Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2025 — 1,170,361,105 and 2024 — 1,166,769,167 234 233
Treasury stock: 2025 — $228,311,184 shares and 2024 — $228,311,184 shares (15,597) (15,597)
Additional paid-in capital 19,892 19,868
Retained earnings 21,726 21,189
Accumulated other comprehensive income 170 179
Total stockholders' equity 34,712 34,159
Noncontrolling interest 393 321
Total equity 35,105 34,480
TOTAL LIABILITIES AND EQUITY 84,967 85,445
Corporate    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 1,044 1,033
Oil and gas | Operating segments    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 122,880 121,874
TOTAL ASSETS 61,768  
Chemical | Operating segments    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 8,943 8,725
TOTAL ASSETS 5,431  
Midstream and marketing | Operating segments    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 9,477 $ 9,322
TOTAL ASSETS $ 14,110