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Sales and Other Operating Revenue (Tables)
6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]

 

Millions of Dollars

 

Three Months Ended

 

Six Months Ended

June 30

June 30

 

2019

 

2018

 

2019

 

2018

 

 

 

 

 

 

 

 

 

Revenue from contracts with customers

$

6,633

 

6,743

 

13,692

 

13,288

Revenue from contracts outside the scope of ASC Topic 606

 

 

 

 

 

 

 

 

Physical contracts meeting the definition of a derivative

 

1,371

 

1,719

 

3,452

 

3,980

Financial derivative contracts

 

(51)

 

42

 

(41)

 

34

Consolidated sales and other operating revenues

$

7,953

 

8,504

 

17,103

 

17,302

 

 

Millions of Dollars

 

 

Three Months Ended

 

Six Months Ended

 

June 30

June 30

 

 

2019

 

2018

 

2019

 

2018

Revenue from Outside the Scope of ASC Topic 606

 

 

 

 

 

 

 

 

 

by Segment

 

 

 

 

 

 

 

 

Lower 48

$

1,111

 

1,300

 

2,724

 

3,013

Canada

 

100

 

96

 

341

 

287

Europe and North Africa

 

160

 

323

 

387

 

680

Physical contracts meeting the definition of a derivative

$

1,371

 

1,719

 

3,452

 

3,980

 

 

Millions of Dollars

 

 

Three Months Ended

 

Six Months Ended

 

June 30

June 30

 

 

2019

 

2018

 

2019

 

2018

Revenue from Outside the Scope of ASC Topic 606

 

 

 

 

 

 

 

 

 

by Product

 

 

 

 

 

 

 

 

Crude oil

$

165

 

290

 

353

 

576

Natural gas

 

1,095

 

1,363

 

2,863

 

3,253

Other

 

111

 

66

 

236

 

151

Physical contracts meeting the definition of a derivative

$

1,371

 

1,719

 

3,452

 

3,980

Contract with Customer, Asset and Liability [Table Text Block]

 

Millions of Dollars

Contract Liabilities

 

 

At December 31, 2018

$

206

Contractual payments received

 

57

Revenue recognized

 

(133)

At June 30, 2019

$

130

 

 

 

Amounts Recognized in the Consolidated Balance Sheet at June, 30 2019

 

 

Current liabilities

$

60

Noncurrent liabilities

 

70

 

$

130