v3.26.1
Consolidated Condensed Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 3,811 $ 1,968
Trade receivables, net of reserves 3,677 2,575
Joint interest receivables 791 684
Inventories 1,862 1,823
Other current assets 933 601
Current assets held for sale 0 1,176
Total current assets 11,074 8,827
Property, plant and equipment, gross 138,123 137,753
Accumulated depreciation, depletion and amortization (75,007) (74,110)
Total property, plant and equipment, net 63,116 63,643
Operating lease assets 890 908
Investments in unconsolidated entities 2,341 2,475
Non-current assets held for sale 0 5,344
Other long-term assets 3,043 2,989
Total non-current assets 6,274 11,716
TOTAL ASSETS 80,464 84,186
LIABILITIES    
Current maturities of long-term debt 424 1,773
Accounts payable 3,776 3,285
Accrued liabilities 4,953 3,592
Liabilities held for sale 0 778
Total current liabilities 9,153 9,428
Long-term debt, net 15,247 20,623
Deferred income taxes, net 5,033 5,636
Asset retirement obligations 4,128 4,172
Non-current liabilities held for sale 0 418
Other liabilities 7,343 7,311
Total deferred credits and other liabilities 16,504 17,537
EQUITY    
Preferred stock, at $1.00 per share par value, issued shares: 2026 — $84,897 and 2025 —$84,897 8,287 8,287
Common stock, at $0.20 per share par value, authorized shares: 1.5 billion, issued shares: 2026 — 1,220,886,511 and 2025 — 1,214,337,600 244 243
Treasury stock: 2026 — 229,693,951 shares and 2025 — 228,311,184 shares (15,676) (15,597)
Additional paid-in capital 21,077 21,008
Retained earnings 24,806 21,891
Accumulated other comprehensive income 194 202
Total stockholders' equity 38,932 36,034
Noncontrolling interest 628 564
Total equity 39,560 36,598
TOTAL LIABILITIES AND EQUITY $ 80,464 $ 84,186