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Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2018

Oxy

Related Party Transaction [Line Items]

Schedule of related party transactions

The impact to our Condensed Consolidated Statements of Operations from those transactions is included below (in millions):

	Three Months Ended March 31,
	2018				2017
Revenues	$	278			$	234
Purchases and related costs (1)	$	(71	)		$	(40	)

⁽¹⁾  Crude oil purchases that are part of inventory exchanges under buy/sell transactions are netted with the related sales, with any margin presented in “Purchases and related costs” in our Condensed Consolidated Statements of Operations.

We currently have a netting arrangement with Oxy. Our gross receivable and payable amounts with Oxy were as follows (in millions):

	March 31, 2018				December 31, 2017
Trade accounts receivable and other receivables	$	1,074			$	1,075
Accounts payable	$	984			$	990

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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