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Sales and Other Operating Revenues (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table provides further disaggregation of our consolidated sales and other operating revenues:
| Millions of Dollars
| Three Months Ended March 31 |
| 2025 | 2024 |  |
Revenue from contracts with customers | $ | 14,479 |  | 12,307 |  |  |
Revenue from contracts outside the scope of ASC Topic 606 |  |  |  |
Physical contracts meeting the definition of a derivative | 1,970 |  | 1,565 |  |  |
Financial derivative contracts | 68 |  | (24) |  |  |
Consolidated sales and other operating revenues | $ | 16,517 |  | 13,848 |  |  |
The following disaggregation of revenues is provided in conjunction with Note 18—Segment Disclosures and Related Information:
| Millions of Dollars
| Three Months Ended March 31 |
| 2025 | 2024 |  |
Revenue from Contracts Outside the Scope of ASC Topic 606 by Segment |  |  |  |
Lower 48 | $ | 1,500 |  | 1,259 |  |  |
Canada | 215 |  | 217 |  |  |
Europe, Middle East and North Africa | 255 |  | 89 |  |  |
Physical contracts meeting the definition of a derivative | $ | 1,970 |  | 1,565 |  |  |
| Millions of Dollars
| Three Months Ended March 31 |
| 2025 | 2024 |  |
Revenue from Contracts Outside the Scope of ASC Topic 606 by Product |  |  |  |
Crude oil | $ | 109 |  | — |  |  |
Natural gas | 1,646 |  | 1,199 |  |  |
Other | 215 |  | 366 |  |  |
Physical contracts meeting the definition of a derivative | $ | 1,970 |  | 1,565 |  |  |

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- 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
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