Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2019

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



	Three Months Ended September 30,					Nine Months Ended September 30,
	2019			2018		2019		2018
Revenues from related parties ^{(1) (2)}	$	205		$	266	$	661	$	832

Purchases and related costs from related parties ⁽²⁾	$	(7	)	$	157	$	93	$	317


⁽¹⁾	A majority of these revenues are included in “Supply and Logistics segment revenues” on our Condensed Consolidated Statements of Operations.


⁽²⁾	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.

Our receivable and payable amounts with these related parties as reflected on our Condensed Consolidated Balance Sheets were as follows (in millions):



	September 30, 2019		December 31, 2018
Trade accounts receivable and other receivables, net from related parties ^{(1) (2)}	$	165	$	144

Trade accounts payable to related parties ^{(1) (2) (3)}	$	105	$	121


⁽¹⁾	We have a netting arrangement with certain related parties. Receivables and payables are presented net of such amounts.


⁽²⁾	Includes amounts related to crude oil purchases and sales, transportation services and amounts owed to us or advanced to us related to expansion projects of equity method investees where we serve as construction manager.

⁽³⁾

We have an agreement to transport crude oil at posted tariff rates on a pipeline that is owned by an equity method investee, in which we own a 50% interest. A portion of our commitment to transport is supported by crude oil buy/sell agreements with third parties with commensurate quantities.