Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents		$ 2,764	$ 2,008
Restricted cash and restricted cash equivalents		24	170
Trade receivables, net of reserves of $35 in 2021 and $24 in 2020		4,208	2,115
Inventories		1,846	1,898
Assets held for sale		72	1,433
Other current assets		1,297	1,195
Total current assets		10,211	8,819
INVESTMENTS IN UNCONSOLIDATED ENTITIES		2,938	3,250
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		118,157	118,964
Accumulated depreciation, depletion and amortization		(58,227)	(53,075)
Total property, plant and equipment, net		59,930	65,889
OPERATING LEASE ASSETS		726	1,062
LONG-TERM RECEIVABLES AND OTHER ASSETS, NET		1,231	1,044
TOTAL ASSETS		75,036	80,064
CURRENT LIABILITIES
Current maturities of long-term debt	[1]	186	440
Current operating lease liabilities		186	473
Accounts payable		3,899	2,987
Accrued liabilities		4,046	3,570
Liabilities of assets held for sale		7	753
Total current liabilities		8,324	8,223
Long-term debt, net	[2]	29,431	35,745
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net		7,039	7,113
Asset retirement obligations		3,687	3,977
Pension and postretirement obligations		1,540	1,763
Environmental remediation liabilities		944	1,028
Operating lease liabilities		585	641
Other		3,159	3,001
Total deferred credits and other liabilities		16,954	17,523
EQUITY
Preferred stock, at $1.00 per share par value (100,000 shares as of December 31, 2021 and 2020)		9,762	9,762
Common stock, $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2021 — 1,083,423,094 and 2020 — 1,080,564,947		217	216
Treasury stock: 2021 — 149,348,394 shares and 2020 — 149,051,634 shares		(10,673)	(10,665)
Additional paid-in capital		16,749	16,552
Retained earnings		4,480	2,996
Accumulated other comprehensive loss		(208)	(288)
Total stockholders’ equity		20,327	18,573
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		75,036	80,064
Operating segments | Oil and gas
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		101,251	102,454
TOTAL ASSETS		56,132	62,931
Operating segments | Chemical
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		7,571	7,356
Operating segments | Midstream and marketing
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		8,371	8,232
Corporate
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT		$ 964	$ 922

[1] Included $85 million and $42 million of current finance lease liabilities as of December 31, 2021, and 2020, respectively.

[2] Included $504 million and $316 million of finance lease liabilities as of December 31, 2021, and 2020, respectively.