Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 6,414	$ 5,028
Short-term investments	730	446
Accounts and notes receivable (net of allowance of $2 and $2, respectively)	7,807	6,543
Accounts and notes receivable—related parties	72	127
Investment in Cenovus Energy	0	1,117
Inventories	1,174	1,208
Prepaid expenses and other current assets	1,389	1,581
Total Current Assets	17,586	16,050
Investments and long-term receivables	8,309	7,113
Net properties, plants and equipment (net of accumulated DD&A of $64,711 and $64,735, respectively)	64,642	64,911
Other assets	2,771	2,587
Total Assets	93,308	90,661
Liabilities
Accounts payable	4,875	5,002
Accounts payable—related parties	22	23
Short-term debt	1,160	1,200
Accrued income and other taxes	3,162	2,862
Employee benefit obligations	446	755
Other accruals	1,959	2,179
Total Current Liabilities	11,624	12,021
Long-term debt	17,586	18,734
Asset retirement obligations and accrued environmental costs	5,815	5,754
Deferred income taxes	6,556	6,179
Employee benefit obligations	1,085	1,153
Other liabilities and deferred credits	1,424	1,414
Total Liabilities	44,090	45,255
Equity
Common stock	21	21
Capital in excess of par	60,907	60,581
Treasury stock (at cost: 2022—805,045,987 shares; 2021—789,319,875 shares)	(52,344)	(50,920)
Accumulated other comprehensive loss	(4,808)	(4,950)
Retained earnings	45,442	40,674
Total Equity	49,218	45,406
Total Liabilities and Equity	$ 93,308	$ 90,661