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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,964 $ 264
Receivables 2,222 2,134
Inventories 405 364
Other current assets 196 213
Total current assets 4,787 2,975
Equity method investments 1,223 1,201
Property, plant and equipment, less accumulated depreciation, depletion and amortization of $22,336 and $21,895 28,426 28,145
Goodwill 499 499
Other noncurrent assets 1,216 2,800
Total assets 36,151 35,620
Current liabilities:    
Commercial paper 0 135
Accounts payable 2,382 2,206
Payroll and benefits payable 180 240
Accrued taxes 1,476 1,445
Other current liabilities 208 239
Long-term debt due within one year 68 68
Total current liabilities 4,314 4,333
Long-term debt 6,392 6,394
Deferred tax liabilities, noncurrent 2,517 2,492
Defined benefit postretirement plan obligations 660 604
Asset retirement obligations 2,062 2,009
Deferred credits and other liabilities, noncurrent 401 444
Total liabilities 16,346 16,276
Commitments and contingencies      
Stockholders' Equity    
Preferred stock - no shares issued and outstanding (no par value, 26 million shares authorized) 0 0
Common stock issued - 770 million and 770 million shares (par value $1 per share, 1.1 billion shares authorized) 770 770
Common stock, securities exchangeable into common stock - no shares issued or outstanding (no par value, 29 million shares authorized) 0 0
Held in treasury, at cost - 89 million and 73 million shares (3,445) (2,903)
Additional paid-in capital 6,599 6,592
Retained earnings 16,151 15,135
Accumulated other comprehensive loss (270) (250)
Total equity 19,805 19,344
Total liabilities and stockholders' equity $ 36,151 $ 35,620