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Revenue
6 Months Ended
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)2025202420252024
Refining & Marketing
Refined products$29,945 $33,605 $57,372 $62,342 
Crude oil1,419 2,099 2,984 3,887 
Services and other464 459 929 908 
Total revenues from external customers31,828 36,163 61,285 67,137 
Midstream
Refined products472 393 1,002 766 
Services and other868 867 1,779 1,715 
Total revenues from external customers1,340 1,260 2,781 2,481 
Renewable Diesel
Refined products629 489 1,244 999 
Services and other
Total revenues from external customers631 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.