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FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES AT FAIR VALUE (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Readily marketable inventories (Note 5) $ 6,776 $ 5,837
Unrealized gain on derivative contracts 1,256 1,481
Liabilities:    
Trade accounts payable 908 823
Unrealized loss on derivative contracts 1,046 1,038
Other Noncurrent Assets    
Liabilities:    
Unrealized gain on derivative contracts 1 1
Other Noncurrent Liabilities    
Liabilities:    
Unrealized loss on derivative contracts 281 260
Assets and Liabilities Measured at Fair Value on a Recurring Basis    
Assets:    
Cash equivalents 131 464
Readily marketable inventories (Note 5) 6,776 5,837
Trade accounts receivable 1 1
Total assets 8,285 7,863
Liabilities:    
Trade accounts payable 908 823
Total liabilities 2,235 2,121
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Economic hedges    
Assets:    
Other 120 79
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Interest rate | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 9 12
Liabilities:    
Unrealized loss on derivative contracts 289 274
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Foreign exchange | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 426 253
Liabilities:    
Unrealized loss on derivative contracts 367 223
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Commodities | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 702 1,023
Liabilities:    
Unrealized loss on derivative contracts 526 600
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Freight | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 55 80
Liabilities:    
Unrealized loss on derivative contracts 84 68
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Energy | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 63 114
Liabilities:    
Unrealized loss on derivative contracts 59 133
Assets and Liabilities Measured at Fair Value on a Recurring Basis | Credit | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 2 0
Liabilities:    
Unrealized loss on derivative contracts 2 0
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis    
Assets:    
Cash equivalents 50 315
Readily marketable inventories (Note 5) 0 0
Trade accounts receivable 0 0
Total assets 281 747
Liabilities:    
Trade accounts payable 0 0
Total liabilities 222 367
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Economic hedges    
Assets:    
Other 60 40
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Interest rate | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 1
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Foreign exchange | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 0
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Commodities | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 53 198
Liabilities:    
Unrealized loss on derivative contracts 80 166
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Freight | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 55 80
Liabilities:    
Unrealized loss on derivative contracts 84 68
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Energy | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 63 114
Liabilities:    
Unrealized loss on derivative contracts 58 132
Level 1 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Credit | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 0
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis    
Assets:    
Cash equivalents 81 149
Readily marketable inventories (Note 5) 5,514 5,175
Trade accounts receivable 1 1
Total assets 6,707 6,366
Liabilities:    
Trade accounts payable 531 591
Total liabilities 1,614 1,505
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Economic hedges    
Assets:    
Other 60 39
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Interest rate | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 9 12
Liabilities:    
Unrealized loss on derivative contracts 289 273
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Foreign exchange | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 426 253
Liabilities:    
Unrealized loss on derivative contracts 367 223
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Commodities | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 614 737
Liabilities:    
Unrealized loss on derivative contracts 424 417
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Freight | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 0
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Energy | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 1 1
Level 2 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Credit | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 2 0
Liabilities:    
Unrealized loss on derivative contracts 2 0
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis    
Assets:    
Cash equivalents 0 0
Readily marketable inventories (Note 5) 1,262 662
Trade accounts receivable 0 0
Total assets 1,297 750
Liabilities:    
Trade accounts payable 377 232
Total liabilities 399 249
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Economic hedges    
Assets:    
Other 0 0
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Interest rate | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 0
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Foreign exchange | Hedge accounting    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 0
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Commodities | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 35 88
Liabilities:    
Unrealized loss on derivative contracts 22 17
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Freight | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 0
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Energy | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts 0 0
Level 3 | Assets and Liabilities Measured at Fair Value on a Recurring Basis | Credit | Economic hedges    
Assets:    
Unrealized gain on derivative contracts 0 0
Liabilities:    
Unrealized loss on derivative contracts $ 0 $ 0