XML 66 R49.htm IDEA: XBRL DOCUMENT v3.6.0.2

Derivatives and Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of commodity derivative assets and liabilities and gains (losses) from derivative contracts

For information on the impact of counterparty netting and collateral netting, and reconciliation of the balances presented below to the balance sheet, see Note 17—Fair Value Measurements.

	Millions of Dollars
	2016				2015
Assets
Prepaid expenses and other current assets	$	741			2,607
Other assets	5				5
Liabilities
Other accruals	766				2,425
Other liabilities and deferred credits	2				5

Hedge accounting has not been used for any item in the table.

The gains (losses) incurred from commodity derivatives, and the line items where they appear on our consolidated statement of income, were:

	Millions of Dollars
	2016				2015			2014
Sales and other operating revenues	$	(451	)		162			658
Equity in earnings of affiliates	—				—			66
Other income	29				58			20
Purchased crude oil and products	(62		)		121			136

Hedge accounting has not been used for any item in the table.

Summary of material net exposures from outstanding commodity derivative contracts

	Open Position Long / (Short)
	2016			2015
Commodity
Crude oil, refined products and NGL (millions of barrels)	(18	)		(17	)

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the notional amounts of outstanding derivative positions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959

+ Details

Name:	us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of price risk derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfPriceRiskDerivativesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration