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Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 2,159 $ 2,132
Trade receivables, net of reserves of $24 in 2025 and $24 in 2024 3,169 3,526
Joint interest receivables 667 720
Inventories 2,117 2,095
Other current assets 700 597
Total current assets 8,812 9,070
INVESTMENTS IN UNCONSOLIDATED ENTITIES 2,989 3,159
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 145,770 140,954
Accumulated depreciation, depletion and amortization (78,333) (71,576)
Total property, plant and equipment, net 67,437 69,378
OPERATING LEASE ASSETS 1,170 937
OTHER LONG-TERM ASSETS 3,064 2,901
TOTAL ASSETS 83,472 85,445
CURRENT LIABILITIES    
Current maturities of long-term debt 1,616 1,138
Current operating lease liabilities 414 374
Accounts payable 3,532 3,753
Accrued liabilities 3,859 4,256
Total current liabilities 9,421 9,521
LONG-TERM DEBT, NET 20,846 24,978
DEFERRED CREDITS AND OTHER LIABILITIES    
Deferred income taxes, net 5,402 5,394
Asset retirement obligations 3,856 4,042
Other liabilities 7,181 7,030
Total deferred credits and other liabilities 16,439 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 — 1,213,486,213 and 2024 — 1,166,769,167 243 233
Treasury stock: 2025 — $228,311,184 shares and 2024 — $228,311,184 shares (15,597) (15,597)
Additional paid-in capital 20,926 19,868
Retained earnings 22,198 21,189
Accumulated other comprehensive income 204 179
Total stockholders' equity 36,261 34,159
Noncontrolling interest 505 321
Total equity 36,766 34,480
TOTAL LIABILITIES AND EQUITY 83,472 85,445
Corporate    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 1,069 1,033
Oil and gas | Operating segments    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 125,378 121,874
TOTAL ASSETS 60,547  
Chemical | Operating segments    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 9,487 8,725
TOTAL ASSETS 5,770  
Midstream and marketing | Operating segments    
PROPERTY, PLANT AND EQUIPMENT    
Property, plant and equipment, gross 9,836 $ 9,322
TOTAL ASSETS $ 13,786