Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 5,574	$ 5,635
Short-term investments	487	971
Inventories	1,443	1,398
Prepaid expenses and other current assets	759	852
Total Current Assets	13,721	14,330
Investments and long-term receivables	9,132	9,130
Net properties, plants and equipment (net of accumulated DD&A of $75,697 and $74,361, respectively)	69,907	70,044
Other assets	2,588	2,420
Total Assets	95,348	95,924
Liabilities
Short-term debt	1,113	1,074
Accrued income and other taxes	2,116	1,811
Employee benefit obligations	405	774
Other accruals	1,391	1,229
Total Current Liabilities	10,163	10,005
Long-term debt	17,304	17,863
Asset retirement obligations and accrued environmental costs	7,141	7,220
Deferred income taxes	8,776	8,813
Employee benefit obligations	967	1,009
Other liabilities and deferred credits	1,672	1,735
Total Liabilities	46,023	46,645
Equity
Par value	21	21
Capital in excess of par	61,300	61,303
Treasury stock (at cost: 2024—937,243,485 shares; 2023—925,670,961 shares)	(66,974)	(65,640)
Accumulated other comprehensive income (loss)	(5,917)	(5,673)
Retained earnings	60,895	59,268
Total Equity	49,325	49,279
Total Liabilities and Equity	95,348	95,924
Nonrelated Party
Assets
Accounts and notes receivable	5,444	5,461
Liabilities
Accounts payable	5,101	5,083
Related Party
Assets
Accounts and notes receivable	14	13
Liabilities
Accounts payable	$ 37	$ 34

Non current portion of the carrying amount of a liability for an asset retirement obligation, as well as the carrying value of an obligation (known or estimated) arising from requirements to perform activities to remediate one of more sites, payable after twelve months or beyond the next operating cycle if longer.

No definition available.