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Related Party Transactions

12 Months Ended

Dec. 31, 2024

Note 20—Related Party Transactions

Our related parties primarily include equity method investments and certain trusts for the benefit of employees. For disclosures on trusts for the benefit of employees, see Note 15.

Significant transactions with our equity affiliates were:


	Millions of Dollars
	2024		2023	2022

Operating revenues and other income	$	88	90	88
Purchases	—		—	1
Operating expenses and selling, general and administrative expenses	246		282	189
Net interest (income)/loss*	—		—	(1)

*We paid interest to, or received interest from, various affiliates. See Note 4 for additional information on loans to affiliated companies.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details