XML 44 R32.htm IDEA: XBRL DOCUMENT v3.23.2
Derivative and Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Balance Sheet Location and Fair Value Amounts of Derivatives
The following table presents the gross fair values of our commodity derivatives, excluding collateral, on our consolidated balance sheet:
Millions of Dollars
June 30
2023		December 31
2022
Assets
Prepaid expenses and other current assets
$793 1,795 
Other assets
182 242 
Liabilities
Other accruals
749 1,800 
Other liabilities and deferred credits
148 210 
Schedule of Income Statement Location and Gain (Loss) Amounts of Derivatives
The gains (losses) from commodity derivatives included in our consolidated income statement are presented in the following table:
Millions of Dollars
Three Months Ended
June 30
Six Months Ended
June 30
2023202220232022
Sales and other operating revenues
$(16)(13)12 (420)
Other income
(2)1 (1)2 
Purchased commodities
16 (55)(56)346 
Schedule of Net Exposures from Outstanding Commodity Derivative Contracts
The table below summarizes our net exposures resulting from outstanding commodity derivative contracts:
Open Position
Long (Short)
June 30
2023		December 31
2022
Commodity
Natural gas and power (billions of cubic feet equivalent)
Fixed price(22)(14)
Basis(9)(8)
Schedule of Net Carrying Amount of Held to Maturity Investments
The following investments are carried on our consolidated balance sheet at cost, plus accrued interest, and the table reflects remaining maturities at June 30, 2023, and December 31, 2022:
Millions of Dollars
Carrying Amount
Cash and Cash Equivalents
Short-Term Investments
June 30
2023		December 31
2022		June 30
2023		December 31
2022
Cash$551 593 
Demand Deposits
831 1,638 
Time Deposits
1 to 90 days
4,244 4,116 471 1,288 
91 to 180 days
85 883 
Within one year
16 11 
U.S. Government Obligations
1 to 90 days
49 14 — — 
$5,675 6,361 572 2,182 
Schedule of Debt Securities Carried at Fair Value
The following investments in debt securities classified as available for sale are carried at fair value on our consolidated balance sheet at June 30, 2023, and December 31, 2022:
Millions of Dollars
Carrying Amount
Cash and Cash EquivalentsShort-Term InvestmentsInvestments and Long-Term
Receivables
June 30
2023		December 31
2022		June 30
2023		December 31
2022		June 30
2023		December 31
2022
Major Security Type
Corporate Bonds
$— — 231 323 387 309 
Commercial Paper
60 97 139 156 
U.S. Government Obligations— — 120 115 161 63 
U.S. Government Agency Obligations
17 8 7 5 
Foreign Government Obligations
— — 11 7 
Asset-backed Securities
1 1 116 138 
$60 97 508 603 682 522 
The following table summarizes the amortized cost basis and fair value of investments in debt securities classified as available for sale:
Millions of Dollars
Amortized Cost Basis
Fair Value
June 30
2023		December 31
2022		June 30
2023		December 31
2022
Major Security Type
Corporate Bonds
$627 641 618 632 
Commercial Paper
199 253 199 253 
U.S. Government Obligations
284 181 281 178 
U.S. Government Agency Obligations
24 13 24 13 
Foreign Government Obligations
11 7 11 7 
Asset-backed Securities
118 139 117 139 
$1,263 1,234 1,250 1,222