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Revenues and Accounts Receivable (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenues from Contracts with Customers. The following tables present our revenues from contracts with customers disaggregated by segment and type of activity (in millions):

Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
Crude Oil segment revenues from contracts with customers
Sales
$12,327 $10,937 $23,513 $22,318 
Transportation
295 255 595 505 
Terminalling, Storage and Other
95 94 187 185 
Total Crude Oil segment revenues from contracts with customers
$12,717 $11,286 $24,295 $23,008 

Three Months Ended
June 30,		Six Months Ended
June 30,
2024202320242023
NGL segment revenues from contracts with customers
Sales
$302 $232 $902 $885 
Transportation
9 8 18 15 
Terminalling, Storage and Other
19 23 40 52 
Total NGL segment revenues from contracts with customers
$330 $263 $960 $952 
The following tables present the reconciliation of our revenues from contracts with customers to total revenues of reportable segments and total revenues as disclosed in our Condensed Consolidated Statements of Operations (in millions):
Three Months Ended June 30, 2024
Crude Oil
NGL
Total
Revenues from contracts with customers
$12,717 $330 $13,047 
Other revenues
18 (37)(19)
Total revenues of reportable segments
$12,735 $293 $13,028 
Intersegment revenues elimination
(95)
Total revenues
$12,933 
Three Months Ended June 30, 2023
Crude Oil
NGL
Total
Revenues from contracts with customers
$11,286 $263 $11,549 
Other revenues
9 118 127 
Total revenues of reportable segments
$11,295 $381 $11,676 
Intersegment revenues elimination
(74)
Total revenues
$11,602 
Six Months Ended June 30, 2024Crude OilNGLTotal
Revenues from contracts with customers$24,295 $960 $25,255 
Other revenues
22 (159)(137)
Total revenues of reportable segments$24,317 $801 $25,118 
Intersegment revenues elimination
(190)
Total revenues$24,928 
Six Months Ended June 30, 2023Crude OilNGLTotal
Revenues from contracts with customers$23,008 $952 $23,960 
Other revenues
45 119 164 
Total revenues of reportable segments$23,053 $1,071 $24,124 
Intersegment revenues elimination
(181)
Total revenues$23,943 
Schedule of Contract with Customer, Counterparty Deficiencies The following table presents counterparty deficiencies associated with contracts with customers and buy/sell arrangements that include minimum volume commitments for which we had remaining performance obligations and the customers still had the ability to meet their obligations (in millions):
Counterparty Deficiencies
Financial Statement Classification
June 30,
2024		December 31,
2023
Billed and collectedOther current liabilities$63 $77 
Schedule of Contracts with Customers, Change in Asset and Liability Balance The following table presents the changes in the liability balance associated with contracts with customers (in millions):
 
Contract Liabilities
Balance at December 31, 2023$228 
Amounts recognized as revenue
(27)
Additions
23 
Other(7)
Balance at June 30, 2024$217 
The following is a reconciliation of trade accounts receivable from revenues from contracts with customers to total Trade accounts receivable and other receivables, net as presented on our Condensed Consolidated Balance Sheets (in millions):
June 30,
2024		December 31,
2023
Trade accounts receivable arising from revenues from contracts with customers
$4,254 $3,999 
Other trade accounts receivables and other receivables (1)
8,445 7,535 
Impact due to contractual rights of offset with counterparties
(8,491)(7,774)
Trade accounts receivable and other receivables, net
$4,208 $3,760 
(1)The balance is comprised primarily of accounts receivable associated with buy/sell arrangements that are not within the scope of ASC 606.
Schedule of Remaining Performance Obligations The following table presents the amount of consideration associated with remaining performance obligations for the population of contracts with external customers meeting the presentation requirements as of June 30, 2024 (in millions):
Remainder of 2024
2025
2026
2027
2028
2029 and Thereafter
Pipeline revenues supported by minimum volume commitments and capacity agreements (1)
$201 $402 $265 $215 $180 $234 
Terminalling, storage and other agreement revenues
129 201 161 146 113 708 
Total
$330 $603 $426 $361 $293 $942 
(1)Calculated as volumes committed under contracts multiplied by the current applicable tariff rate.