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Segment Disclosures and Related Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Analysis of Results by Operating Segment

Analysis of Results by Operating Segment

			Millions of Dollars
			Three Months Ended March 31, 2025
			Operating Segments
			Midstream			Chemicals			Refining			M&S			Renewable Fuels			Corporate and Other			Consolidating Adjustments			Total Consolidated
Revenues and Other Income
Third-party sales and other operating revenues			$	4,827		—			5,702			19,163			728			10			—			30,430
Intercompany revenues			631			—			10,173			478			781			2			(12,065)			—
Total sales and other operating revenues			5,458			—			15,875			19,641			1,509			12			(12,065)			30,430
Equity in earnings of affiliates			110			113			(105)			36			(1)			—			—			153
Net gain on dispositions			69			—			—			1,018			—			—			—			1,087
Other income			10			—			3			6			19			18			—			56
Total Revenues and Other Income			5,647			113			15,773			20,701			1,527			30			(12,065)			31,726
Costs and Expenses
Purchased crude oil and products			4,089			—			15,025			19,045			1,536			—			(12,035)			27,660
Operating expenses*			458			2			1,074			18			96			4			(30)			1,622
Selling, general and administrative expenses*			53			(2)			46			328			18			76			—			519
Depreciation and amortization			233			—			456			20			23			59			—			791
Impairments			—			—			1			—			—			25			—			26
Taxes other than income taxes			61			—			110			9			35			18			—			233
Interest and debt expense			—			—			—			—			—			221			—			221
Other segment items**			2			—			(2)			(1)			4			3			—			6
Total Costs and Expenses			4,896			—			16,710			19,419			1,712			406			(12,065)			31,078
Income (loss) before income taxes			$	751		113			(937)			1,282			(185)			(376)			—			648
* These significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. The total of the line items "Operating expenses" and "Selling, general and administrative expenses" is considered "Controllable costs" and is provided to the CODM.
** “Other segment items” for each reportable segment includes the following line items on our consolidated statement of income: “Accretion on discounted liabilities” and “Foreign currency transaction (gains) losses.”

			Millions of Dollars
			Three Months Ended March 31, 2024
			Operating Segments
			Midstream			Chemicals			Refining			M&S			Renewable Fuels			Corporate and Other			Consolidating Adjustments			Total Consolidated
Revenues and Other Income
Third-party sales and other operating revenues			$	4,124		—			9,225			22,084			368			10			—			35,811
Intercompany revenues			717			—			12,684			518			775			3			(14,697)			—
Total sales and other operating revenues			4,841			—			21,909			22,602			1,143			13			(14,697)			35,811
Equity in earnings of affiliates			155			201			108			64			—			—			—			528
Net gain on dispositions			—			—			—			—			—			—			—			—
Other income			4			—			33			9			5			56			(10)			97
Total Revenues and Other Income			5,000			201			22,050			22,675			1,148			69			(14,707)			36,436
Costs and Expenses
Purchased crude oil and products			3,600			—			20,405			21,915			1,149			—			(14,683)			32,386
Operating expenses*			434			(2)			953			16			72			3			(24)			1,452
Selling, general and administrative expenses*			76			(2)			38			319			11			115			—			557
Depreciation and amortization			229			—			208			36			6			25			—			504
Impairments			59			—			105			—			—			1			—			165
Taxes other than income taxes			44			—			121			15			(34)			19			—			165
Interest and debt expense			—			—			—			—			—			227			—			227
Other segment items**			4			—			4			8			(1)			1			—			16
Total Costs and Expenses			4,446			(4)			21,834			22,309			1,203			391			(14,707)			35,472
Income (loss) before income taxes			$	554		205			216			366			(55)			(322)			—			964
* These significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. The total of the line items "Operating expenses" and "Selling, general and administrative expenses" is considered "Controllable costs" and is provided to the CODM.
** “Other segment items” for each reportable segment includes the following line items on our consolidated statement of income: “Accretion on discounted liabilities” and “Foreign currency transaction (gains) losses.”

Other Segment Disclosures

			Millions of Dollars
			Operating Segments
			Midstream			Chemicals			Refining			M&S			Renewable Fuels			Corporate and Other			Total Consolidated
Three Months Ended March 31, 2025
Interest Income			$	—		—			—			—			—			34			34
Capital Expenditures and Investments			216			—			176			15			9			7			423
Three Months Ended March 31, 2024
Interest Income			$	—		—			—			—			—			42			42
Capital Expenditures and Investments			255			—			135			15			217			6			628

			Millions of Dollars
			Operating Segments
			Midstream			Chemicals			Refining			M&S			Renewable Fuels			Corporate and Other			Total Consolidated
As of March 31, 2025
Investments In and Advances to Affiliates			$	2,261		7,899			2,278			557			15			2			13,012
Total Assets			27,421			7,921			19,732			10,382			3,144			3,238			71,838
As of December 31, 2024
Investments In and Advances to Affiliates			$	3,080		7,819			$	2,381		719			16			2			14,017
Total Assets			28,334			7,842			19,599			9,799			3,142			3,866			72,582

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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