v3.25.4
Income Taxes - Components of Deferred Tax Liabilities and Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Deferred Tax Liabilities        
PP&E and intangibles $ 16,244 $ 15,609    
Inventory 15 91    
Other 160 155    
Total deferred tax liabilities 16,419 15,855    
Deferred Tax Assets        
Benefit plan accruals 330 432    
Asset retirement obligations and accrued environmental costs 2,985 2,799    
Investments in joint ventures 2,356 2,269    
Other financial accruals and deferrals 507 497    
Loss and credit carryforwards 4,048 4,910    
Other 103 187    
Total deferred tax assets 10,329 11,094    
Less: valuation allowance (5,926) (6,435) $ (7,656) $ (8,049)
Total deferred tax assets net of valuation allowance 4,403 4,659    
Net deferred tax liabilities $ 12,016 $ 11,196