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v3.23.3

Price Risk Management Activities (Details) bu in Thousands, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) MBbls bu | Sep. 30, 2022 USD ($)
Price Risk Management Activities (Textual) |  |  |  |  |
Compliance program costs | $ | [1] | $ 32,385 | $ 38,064 | $ 91,820 | $ 115,959
Renewable And Low-Carbon Fuel Programs [Member] |  |  |  |  |
Price Risk Management Activities (Textual) |  |  |  |  |
Compliance program costs | $ |  | 438 | $ 461 | $ 1,200 | $ 984
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2023 Maturity [Member] | Long (Purchases) [Member] | Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 915 |
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2023 Maturity [Member] | Short (Sales) [Member] | Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 6,765 |
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2024 Maturity [Member] | Long (Purchases) [Member] | Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 200 |
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2024 Maturity [Member] | Short (Sales) [Member] | Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 2,362 |
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Long (Purchases) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 81,133 |
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  |  |  | 66,695 |
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Short (Sales) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 87,324 |
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Short (Sales) [Member] | Corn (in thousands of bushels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  |  |  | 82,415 |
Derivatives Designated as Economic Hedges [Member] | Future, 2024 Maturity [Member] | Long (Purchases) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 4,214 |
Derivatives Designated as Economic Hedges [Member] | Future, 2024 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  |  |  | 90 |
Derivatives Designated as Economic Hedges [Member] | Future, 2024 Maturity [Member] | Short (Sales) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  |  |  | 5,260 |
Derivatives Designated as Economic Hedges [Member] | Future, 2024 Maturity [Member] | Short (Sales) [Member] | Corn (in thousands of bushels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  |  |  | 3,290 |
Derivatives Designated as Economic Hedges [Member] | Physical Contracts, 2023 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  |  |  | 14,533 |
Derivatives Designated as Economic Hedges [Member] | Physical Contracts, 2024 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member] |  |  |  |  |
Volume of Outstanding Contracts |  |  |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  |  |  | 3,193 |
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars [Member] |  |  |  |  |
Price Risk Management Activities (Textual) |  |  |  |  |
Monetary notional amount of derivative liabilities | $ |  | $ 630 |  | $ 630 |
[1] | Cost of materials and other for our Renewable Diesel segment is net of the blender’s tax credit on qualified fuel mixtures of $266 million and $191 million for the three months ended September 30, 2023 and 2022, respectively, and $900 million and $545 million for the nine months ended September 30, 2023 and 2022, respectively.

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