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Sales and Other Operating Revenues (Tables) | 6 Months Ended
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Jun. 30, 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 June 30 | Six Months Ended June 30
| 2025 | 2024 | 2025 | 2024
Revenue from contracts with customers | $ | 12,621 |  | 12,660 |  | 27,100 |  | 24,967 |
Revenue from contracts outside the scope of ASC Topic 606 |  |  |  |
Physical contracts meeting the definition of a derivative | 1,445 |  | 1,003 |  | 3,415 |  | 2,568 |
Financial derivative contracts | (62) |  | (43) |  | 6 |  | (67) |
Consolidated sales and other operating revenues | $ | 14,004 |  | 13,620 |  | 30,521 |  | 27,468 |
The following disaggregation of revenues is provided in conjunction with Note 18—Segment Disclosures and Related Information:
| Millions of Dollars
| Three Months Ended June 30 | Six Months Ended June 30
| 2025 | 2024 | 2025 | 2024
Revenue from Contracts Outside the Scope of ASC Topic 606 by Segment |  |  |  |
Lower 48 | $ | 1,154 |  | 743 |  | 2,654 |  | 2,002 |
Canada | 159 |  | 91 |  | 374 |  | 308 |
Europe, Middle East and North Africa | 132 |  | 169 |  | 387 |  | 258 |
Physical contracts meeting the definition of a derivative | $ | 1,445 |  | 1,003 |  | 3,415 |  | 2,568 |
| Millions of Dollars
| Three Months Ended June 30 | Six Months Ended June 30
| 2025 | 2024 | 2025 | 2024
Revenue from Contracts Outside the Scope of ASC Topic 606 by Product |  |  |  |
Crude oil | $ | 48 |  | 53 |  | 157 |  | 53 |
Natural gas | 1,117 |  | 715 |  | 2,763 |  | 1,914 |
Other | 280 |  | 235 |  | 495 |  | 601 |
Physical contracts meeting the definition of a derivative | $ | 1,445 |  | 1,003 |  | 3,415 |  | 2,568 |

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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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