XML 87 R66.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information - Segment Financial Data (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Revenues:          
Total revenues $ 11,578 $ 12,456 $ 33,698 $ 36,854  
Significant segment expenses:          
Purchases and related costs (10,585) (11,540) (30,862) (34,086)  
Field operating costs (288) (408) (873) (962)  
Segment general and administrative expenses (83) (86) (251) (246)  
Total significant segment expenses (10,956) (12,034) (31,986) (35,294)  
Equity earnings in unconsolidated entities 96 97 292 298  
Other segment items:          
Total other segment items (135) 43 (295) (177)  
Significant segment expenses: 583 562 1,709 1,681  
Investment and acquisition capital expenditures 305 106 1,308 367  
Maintenance capital expenditures 36 50 112 140  
Investments in unconsolidated entities 2,873   2,873   $ 2,811
Product sales revenues          
Revenues:          
Total revenues 11,150 12,021 32,389 35,606  
Services          
Revenues:          
Total revenues 428 435 1,309 1,248  
Operating Segments          
Revenues:          
Total revenues 11,583 12,464 33,712 36,867  
Operating Segments | Crude Oil          
Revenues:          
Total revenues 11,559 12,444 33,620 36,761  
Significant segment expenses:          
Purchases and related costs (10,572) (11,529) (30,802) (34,014)  
Field operating costs (281) (400) (853) (938)  
Segment general and administrative expenses (74) (78) (229) (223)  
Total significant segment expenses (10,927) (12,007) (31,884) (35,175)  
Equity earnings in unconsolidated entities 96 97 292 298  
Other segment items:          
Depreciation and amortization of unconsolidated entities 21 22 62 59  
Derivative activities and inventory valuation adjustments (30) (13) (2) 20  
Long-term inventory costing adjustments 10 34 27 10  
Deficiencies under minimum volume commitments, net (6) 15 (21) 10  
Equity-indexed compensation expense 10 9 28 28  
Foreign currency revaluation (3) 2 6 (18)  
Transaction-related expenses     7    
Segment amounts attributable to noncontrolling interests (137) (146) (402) (406)  
Total other segment items (135) 43 (295) (177)  
Significant segment expenses: 593 577 1,733 1,707  
Investment and acquisition capital expenditures 305 106 1,308 367  
Maintenance capital expenditures 36 48 110 135  
Investments in unconsolidated entities 2,873   2,873   2,811
Operating Segments | Crude Oil | Line 901 Incident          
Other segment items:          
Line 901 incident   (120)   120  
Operating Segments | Crude Oil | Product sales revenues          
Revenues:          
Total revenues 11,132 12,009 32,313 35,515  
Operating Segments | Crude Oil | Services          
Revenues:          
Total revenues 427 435 1,307 1,246  
Operating Segments | NGL          
Revenues:          
Total revenues 24 20 92 106  
Significant segment expenses:          
Purchases and related costs (18) (19) (74) (85)  
Field operating costs (7) (8) (20) (24)  
Segment general and administrative expenses (9) (8) (22) (23)  
Total significant segment expenses (34) (35) (116) (132)  
Other segment items:          
Depreciation and amortization of unconsolidated entities 0        
Derivative activities and inventory valuation adjustments 0        
Long-term inventory costing adjustments 0        
Total other segment items 0 0 0 0  
Significant segment expenses: (10) (15) (24) (26)  
Maintenance capital expenditures 0 2 2 5  
Investments in unconsolidated entities 0   0   $ 0
Operating Segments | NGL | Product sales revenues          
Revenues:          
Total revenues 22 19 88 103  
Operating Segments | NGL | Services          
Revenues:          
Total revenues 2 1 4 3  
Intersegment revenues elimination          
Revenues:          
Total revenues (5) (8) (14) (13)  
Significant segment expenses:          
Purchases and related costs 5 8 14 13  
Field operating costs 0        
Segment general and administrative expenses 0        
Total significant segment expenses 5 8 14 13  
Intersegment revenues elimination | Product sales revenues          
Revenues:          
Total revenues (4) (7) (12) (12)  
Intersegment revenues elimination | Services          
Revenues:          
Total revenues $ (1) $ (1) $ (2) $ (1)