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Revenue | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue The following table presents our revenues from external customers disaggregated by segment and product line:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(Millions of dollars) | 2025 |  | 2024 |  | 2025 |  | 2024
Refining & Marketing |  |  |  |  |  |  |
Refined products | $ | 29,945 |  |  | $ | 33,605 |  |  | $ | 57,372 |  |  | $ | 62,342 |
Crude oil | 1,419 |  |  | 2,099 |  |  | 2,984 |  |  | 3,887 |
Services and other | 464 |  |  | 459 |  |  | 929 |  |  | 908 |
Total revenues from external customers | 31,828 |  |  | 36,163 |  |  | 61,285 |  |  | 67,137 |
Midstream |  |  |  |  |  |  |
Refined products | 472 |  |  | 393 |  |  | 1,002 |  |  | 766 |
Services and other | 868 |  |  | 867 |  |  | 1,779 |  |  | 1,715 |
Total revenues from external customers | 1,340 |  |  | 1,260 |  |  | 2,781 |  |  | 2,481 |
Renewable Diesel |  |  |  |  |  |  |
Refined products | 629 |  |  | 489 |  |  | 1,244 |  |  | 999 |
Services and other | 2 |  |  | 2 |  |  | 6 |  |  | 3 |
Total revenues from external customers | 631 |  |  | 491 |  |  | 1,250 |  |  | 1,002 |
Sales and other operating revenues | $ | 33,799 |  |  | $ | 37,914 |  |  | $ | 65,316 |  |  | $ | 70,620 |
We do not disclose information on the future performance obligations for any contract with expected duration of one year or less at inception. As of June 30, 2025, we do not have future performance obligations that are material to future periods. Receivables On the accompanying consolidated balance sheets, receivables, less allowance for expected credit loss primarily consists of customer receivables. Significant, non-customer balances included in our receivables at June 30, 2025 include matching buy/sell receivables of $4.27 billion.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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