v3.21.2
Inventories
6 Months Ended
Jun. 30, 2021
Inventories [Abstract]  
Inventories
Note 2—Inventories
Inventories consisted of the following:
Millions of Dollars
June 30
 
December 31
2021
2020
Crude oil and natural gas
$
572
461
Materials and supplies
566
541
$
1,138
1,002
Inventories valued on the LIFO basis totaled
 
$
348
 
million and $
282
 
million at June 30, 2021 and December
31, 2020, respectively.