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Revenues
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Substantially all revenue-generating activities relate to sales of refined products and excess crude oil inventories that are sold at market prices (variable consideration) under contracts with customers. Additionally, we have revenues attributable to our logistics services provided under petroleum product and crude oil pipeline transportation, processing, storage and terminalling agreements with third parties.

Disaggregated revenues were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(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 revenues6,320 7,315 12,197 13,967 
Excess crude oil revenues (5)
345 437 728 704 
Transportation and logistics services29 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,
2025202420252024
(In millions)
Refined product revenues by market: (1)
United States:
Mid-Continent$2,221 $2,662 $4,346 $5,085 
Rocky Mountains1,370 1,558 2,597 2,958 
Northwest1,290 1,332 2,441 2,550 
Southwest919 1,193 1,773 2,258 
Northeast200 213 432 432 
Canada251 288 468 544 
Europe, Asia and Latin America69 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.

As of June 30, 2025, we have long-term contracts with customers that specify minimum volumes of gasoline, diesel and lubricants and specialty products to be sold ratably at market prices through 2035. Future prices are subject to market fluctuations and therefore, we have elected the exemption to exclude variable consideration under these contracts under Accounting Standards Codification (ASC) 606-10-50-14A. Aggregate minimum volumes expected to be sold (future performance obligations) under our long-term product sales contracts with customers are as follows:

Contractual MinimumRemainder of 202520262027ThereafterTotal
(In millions)
Refined product sales volumes (barrels)17 25 18 24 84 

Additionally, we have long-term contracts with third-party customers that specify minimum volumes of product to be transported through our pipelines and terminals that result in fixed-minimum annual revenues through 2033. Annual minimum revenues attributable to our third-party contracts as of June 30, 2025 are presented below:

Contractual MinimumRemainder of 202520262027ThereafterTotal
(In millions)
Midstream operations revenues$6 $8 $8 $37 $59