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Sales and Other Operating Revenues
 6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Sales and Other Operating Revenues Sales and Other Operating Revenues
Disaggregated Revenues
The following tables present our disaggregated sales and other operating revenues:

 Millions of Dollars
 Three Months Ended
June 30		Six Months Ended
June 30
 2020  2019  2020  2019  
Product Line and Services
Refined petroleum products$8,701  22,922  24,858  41,715  
Crude oil resales1,490  3,613  4,367  6,651  
Natural gas liquids (NGL)700  1,179  1,679  2,483  
Services and other*
22  133  887  101  
Consolidated sales and other operating revenues
$10,913  27,847  31,791  50,950  
Geographic Location**
United States$8,377  21,867  24,087  39,442  
United Kingdom972  2,512  3,281  4,943  
Germany613  1,092  1,471  2,049  
Other foreign countries951  2,376  2,952  4,516  
Consolidated sales and other operating revenues
$10,913  27,847  31,791  50,950  
* Includes derivatives-related activities. See Note 12—Derivatives and Financial Instruments, for additional information.
** Sales and other operating revenues are attributable to countries based on the location of the operations generating the revenues.


Contract-Related Assets and Liabilities
At June 30, 2020, and December 31, 2019, receivables from contracts with customers were $3,237 million and $6,902 million, respectively. Significant noncustomer balances, such as buy/sell receivables and excise tax receivables, were excluded from these amounts.

Our contract-related assets also include payments we make to our marketing customers related to incentive programs. An incentive payment is initially recognized as an asset and subsequently amortized as a reduction to revenue over the contract term, which generally ranges from 5 to 15 years. At June 30, 2020, and December 31, 2019, our asset balances related to such payments were $376 million and $336 million, respectively.

Our contract liabilities represent advances from our customers prior to product or service delivery. At June 30, 2020, and December 31, 2019, contract liabilities were not material.
Remaining Performance ObligationsMost of our contracts with customers are spot contracts or term contracts with only variable consideration. We do not disclose remaining performance obligations for these contracts as the expected duration is one year or less, or because the variable consideration has been allocated entirely to an unsatisfied performance obligation. We also have certain contracts in our Midstream segment that include minimum volume commitments with fixed pricing, which mostly expire by 2021. At June 30, 2020, the remaining performance obligations related to these minimum volume commitment contracts were not material.