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Revenues (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregated Revenues | Disaggregated revenues were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (In millions)
Revenues by type: (1) |  |  |  |  |  |  |  |
Refined product revenues: |  |  |  |  |  |  |  |
Transportation fuels (2) |  | $ | 5,344 |  |  | $ | 6,102 |  |  | $ | 10,305 |  |  | $ | 11,657 |
Lubricants and specialty products (3) |  | 583 |  |  | 644 |  |  | 1,180 |  |  | 1,258 |
Asphalt, fuel oil and other products (4) |  | 393 |  |  | 569 |  |  | 712 |  |  | 1,052 |
Total refined product revenues |  | 6,320 |  |  | 7,315 |  |  | 12,197 |  |  | 13,967 |
Excess crude oil revenues (5) |  | 345 |  |  | 437 |  |  | 728 |  |  | 704 |
Transportation and logistics services |  | 29 |  |  | 27 |  |  | 58 |  |  | 50 |
Other revenues (6) |  | 90 |  |  | 67 |  |  | 171 |  |  | 152 |
Total sales and other revenues |  | $ | 6,784 |  |  | $ | 7,846 |  |  | $ | 13,154 |  |  | $ | 14,873 |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (In millions)
Refined product revenues by market: (1) |  |  |  |  |  |  |  |
United States: |  |  |  |  |  |  |  |
Mid-Continent |  | $ | 2,221 |  |  | $ | 2,662 |  |  | $ | 4,346 |  |  | $ | 5,085 |
Rocky Mountains |  | 1,370 |  |  | 1,558 |  |  | 2,597 |  |  | 2,958 |
Northwest |  | 1,290 |  |  | 1,332 |  |  | 2,441 |  |  | 2,550 |
Southwest |  | 919 |  |  | 1,193 |  |  | 1,773 |  |  | 2,258 |
Northeast |  | 200 |  |  | 213 |  |  | 432 |  |  | 432 |
Canada |  | 251 |  |  | 288 |  |  | 468 |  |  | 544 |
Europe, Asia and Latin America |  | 69 |  |  | 69 |  |  | 140 |  |  | 140 |
Total refined product revenues |  | $ | 6,320 |  |  | $ | 7,315 |  |  | $ | 12,197 |  |  | $ | 13,967 |
(1)Prior period amounts have been reclassified to conform with the current period presentation, where applicable. (2)Transportation fuels revenues are attributable to our: (i) Refining segment wholesale gasoline, diesel and jet fuel, (ii) Marketing segment branded gasoline and diesel fuel, and (iii) Renewables segment renewable diesel fuel. (3)Lubricant and specialty products consist of base oil, waxes, finished lubricants and other specialty fluids. (4)Asphalt, fuel oil and other products revenue are attributable to the Refining and Lubricants & Specialties segments. (5)Excess crude oil revenues represent sales of purchased crude oil inventory that at times exceeds the supply needs of our refineries. (6)Other revenues are principally attributable to our Refining segment.
Schedules of Aggregate Minimum Volumes Expected to Be Sold Under Long-term Sales Contracts | Aggregate minimum volumes expected to be sold (future performance obligations) under our long-term product sales contracts with customers are as follows:
Contractual Minimum |  | Remainder of 2025 |  | 2026 |  | 2027 |  | Thereafter |  | Total
|  | (In millions)
Refined product sales volumes (barrels) |  | 17 |  |  | 25 |  |  | 18 |  |  | 24 |  |  | 84 |
Annual minimum revenues attributable to our third-party contracts as of June 30, 2025 are presented below:
Contractual Minimum |  | Remainder of 2025 |  | 2026 |  | 2027 |  | Thereafter |  | Total
|  | (In millions)
Midstream operations revenues |  | $ | 6 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 37 |  |  | $ | 59 |

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