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Sales and Other Operating Revenues (Tables)
 12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Revenue from Contracts with Customers
The following table provides further disaggregation of our consolidated sales and other operating revenues:
Millions of Dollars
202320222021
Revenue from contracts with customers$48,522 61,049 34,590 
Revenue from contracts outside the scope of ASC Topic 606
Physical contracts meeting the definition of a derivative8,203 17,150 11,500 
Financial derivative contracts(584)295 (262)
Consolidated sales and other operating revenues$56,141 78,494 45,828 
Revenues from contracts outside the scope of ASC Topic 606 relate primarily to physical gas contracts at market prices, which qualify as derivatives accounted for under ASC Topic 815, “Derivatives and Hedging,” and for which we have not elected NPNS. There is no significant difference in contractual terms or the policy for recognition of revenue from these contracts and those within the scope of ASC Topic 606. The following disaggregation of revenues is provided in conjunction with Note 24—Segment Disclosures and Related Information:
Millions of Dollars
202320222021
Revenue from Contracts Outside the Scope of ASC Topic 606
by Segment
Lower 48$6,607 13,919 9,050 
Canada1,248 2,717 1,457 
Europe, Middle East and North Africa348 514 993 
Physical contracts meeting the definition of a derivative$8,203 17,150 11,500 
Millions of Dollars
202320222021
Revenue from Contracts Outside the Scope of ASC Topic 606
by Product
Crude oil$143 495 757 
Natural gas6,622 15,368 10,034 
Other1,438 1,287 709 
Physical contracts meeting the definition of a derivative$8,203 17,150 11,500