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SEGMENTS - OTHER SEGMENT EXPENSES (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Segment Information |  |  |  |
Net sales | $ 6,414 | $ 6,817 | $ 13,217 | $ 12,792
Gains (losses) on sale of assets and other, net | (2) | 28 | (21) | 27
Total | 6,456 | 6,879 | 13,299 | 12,889
Oil and gas lease operating expense | 1,135 | 1,179 | 2,352 | 2,340
Transportation and gathering expense | 409 | 405 | 822 | 758
Other operating and non-operating expense | 497 | 344 | 889 | 754
Taxes other than on income | 269 | 265 | 533 | 500
Cost of sales | 847 | 910 | 1,648 | 1,738
Depreciation, depletion and amortization | 1,936 | 1,775 | 3,853 | 3,468
Total | 5,742 | 5,486 | 11,392 | 10,787
Income before income taxes and other items | 714 | 1,393 | 1,907 | 2,102
Income from equity investments and other | 24 | 242 | 163 | 543
Income from continuing operations before income taxes | 738 | 1,635 | 2,070 | 2,645
Other Operating Segments And Intersegment Eliminations | Oil and gas |  |  |  |
Segment Information |  |  |  |
Net sales | 5,009 | 5,469 | 10,692 | 10,384
Gains (losses) on sale of assets and other, net | (2) | 7 | (8) | 10
Total | 5,007 | 5,476 | 10,684 | 10,394
Oil and gas lease operating expense | 1,135 | 1,179 | 2,352 | 2,340
Transportation and gathering expense | 403 | 400 | 810 | 748
Other operating and non-operating expense | 357 | 233 | 601 | 507
Taxes other than on income | 262 | 263 | 522 | 495
Depreciation, depletion and amortization | 1,718 | 1,573 | 3,420 | 3,070
Other segment expenses | 187 | 183 | 337 | 337
Total | 4,062 | 3,831 | 8,042 | 7,497
Income before income taxes and other items | 945 | 1,645 | 2,642 | 2,897
Income from equity investments and other | (11) | (6) | (11) | (20)
Income from continuing operations before income taxes | 934 | 1,639 | 2,631 | 2,877
Other Operating Segments And Intersegment Eliminations | Chemical |  |  |  |
Segment Information |  |  |  |
Net sales | 1,227 | 1,274 | 2,415 | 2,460
Gains (losses) on sale of assets and other, net | 6 | 7 | 18 | 12
Total | 1,233 | 1,281 | 2,433 | 2,472
Cost of sales | 913 | 868 | 1,783 | 1,688
Depreciation, depletion and amortization | 94 | 91 | 188 | 178
Other segment expenses | 41 | 54 | 117 | 108
Total | 1,048 | 1,013 | 2,088 | 1,974
Income before income taxes and other items | 185 | 268 | 345 | 498
Income from equity investments and other | 28 | 28 | 53 | 52
Income from continuing operations before income taxes | 213 | 296 | 398 | 550
Other Operating Segments And Intersegment Eliminations | Midstream and marketing |  |  |  |
Segment Information |  |  |  |
Net sales | 426 | 282 | 629 | 381
Gains (losses) on sale of assets and other, net | 38 | 69 | 64 | 96
Total | 464 | 351 | 693 | 477
Other operating and non-operating expense | 98 | 63 | 183 | 151
Cost of sales | 199 | 280 | 412 | 531
Depreciation, depletion and amortization | 88 | 82 | 175 | 166
Other segment expenses | 37 | 30 | 72 | 57
Total | 422 | 455 | 842 | 905
Income before income taxes and other items | 42 | (104) | (149) | (428)
Income from equity investments and other | 7 | 220 | 121 | 511
Income from continuing operations before income taxes | 49 | 116 | (28) | 83
Operating segments | Oil and gas |  |  |  |
Segment Information |  |  |  |
Income from continuing operations before income taxes | 934 | 1,639 | 2,631 | 2,877
Operating segments | Chemical |  |  |  |
Segment Information |  |  |  |
Income from continuing operations before income taxes | 213 | 296 | 398 | 550
Operating segments | Midstream and marketing |  |  |  |
Segment Information |  |  |  |
Income from continuing operations before income taxes | 49 | 116 | (28) | 83
Corporate and eliminations |  |  |  |
Segment Information |  |  |  |
Income from continuing operations before income taxes | $ (182) | $ (164) | $ (337) | $ (329)

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