XML 89 R56.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Sales and Other Operating Revenues (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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
| 2024 | 2023 | 2022
Revenue from contracts with customers | $ | 49,418 |  | 48,522 |  | 61,049 |
Revenue from contracts outside the scope of ASC Topic 606 |  |  |
Physical contracts meeting the definition of a derivative | 5,483 |  | 8,203 |  | 17,150 |
Financial derivative contracts | (156) |  | (584) |  | 295 |
Consolidated sales and other operating revenues | $ | 54,745 |  | 56,141 |  | 78,494 |
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 23—Segment Disclosures and Related Information:
| Millions of Dollars
| 2024 | 2023 | 2022
Revenue from Contracts Outside the Scope of ASC Topic 606 by Segment |  |  |
Lower 48 | $ | 4,174 |  | 6,607 |  | 13,919 |
Canada | 522 |  | 1,248 |  | 2,717 |
Europe, Middle East and North Africa | 787 |  | 348 |  | 514 |
Physical contracts meeting the definition of a derivative | $ | 5,483 |  | 8,203 |  | 17,150 |
| Millions of Dollars
| 2024 | 2023 | 2022
Revenue from Contracts Outside the Scope of ASC Topic 606 by Product |  |  |
Crude oil | $ | 376 |  | 143 |  | 495 |
Natural gas | 3,753 |  | 6,622 |  | 15,368 |
Other | 1,354 |  | 1,438 |  | 1,287 |
Physical contracts meeting the definition of a derivative | $ | 5,483 |  | 8,203 |  | 17,150 |

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration