GENERAL (Tables)

6 Months Ended

Jun. 30, 2026

The following table provides a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents as reported in the Consolidated Condensed Statements of Cash Flows as of:



millions	June 30, 2026		June 30, 2025
Cash and cash equivalents	$	4,150	$	2,314
Cash and cash equivalents included in assets held for sale	—		12
Restricted cash and restricted cash equivalents included in other current assets	19		16
Restricted cash and restricted cash equivalents included in other long-term assets	19		18
Cash, cash equivalents, restricted cash and restricted cash equivalents	$	4,188	$	2,360

Schedule of Restrictions on Cash and Cash Equivalents

The following table provides a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents as reported in the Consolidated Condensed Statements of Cash Flows as of:



millions	June 30, 2026		June 30, 2025
Cash and cash equivalents	$	4,150	$	2,314
Cash and cash equivalents included in assets held for sale	—		12
Restricted cash and restricted cash equivalents included in other current assets	19		16
Restricted cash and restricted cash equivalents included in other long-term assets	19		18
Cash, cash equivalents, restricted cash and restricted cash equivalents	$	4,188	$	2,360

Schedule of Supplemental Cash Flows

The following table represents U.S. federal, state and international income taxes paid, refunds received and interest paid during the following periods:



millions	Six months ended June 30, 2026		Six months ended June 30, 2025
Income tax payments	$	514	$	877
Income tax refunds received	$	(1)	$	(3)
Interest paid (a)	$	523	$	681

(a) Net of capitalized interest of $103 million and $88 million for the six months ended June 30, 2026 and 2025, respectively.

Schedule of Inventories

Inventories consisted of the following as of:


millions	June 30, 2026		December 31, 2025
Materials and supplies	$	1,270	$	1,222
Commodity inventory	915		601
Total	$	2,185	$	1,823

Schedule of Accrued and Other Long-Term Liabilities

Accrued liabilities - current consisted of the following as of:


millions	June 30, 2026		December 31, 2025
Income tax payable	$	849	$	159
Payroll and related expenses	472		620
Taxes other than on income	467		498
Accrued interest payable	233		386
Dividends payable	408		383
Asset retirement obligations	400		381
Operating lease liabilities	378		350
Other	910		815
Total	$	4,117	$	3,592

Other long-term liabilities consisted of the following as of:


millions	June 30, 2026		December 31, 2025
Long-term tax liabilities	$	2,472	$	2,393
Environmental remediation liabilities	1,702		1,719
Pension and postretirement obligations	937		985
Operating lease liabilities	505		605
Other	1,602		1,609
Total	$	7,218	$	7,311