
	Millions of Dollars
	Three Months Ended June 30, 2025
	Operating Segments
	Midstream		Chemicals	Refining	M&S	Renewable Fuels	Corporate and Other	Consolidating Adjustments	Total Consolidated
Revenues and Other Income
Third-party sales and other operating revenues	$	4,528	—	7,105	20,899	781	10	—	33,323
Intercompany revenues	528		—	11,589	518	834	2	(13,471)	—
Total sales and other operating revenues	5,056		—	18,694	21,417	1,615	12	(13,471)	33,323
Equity in earnings (losses) of affiliates	98		20	(2)	38	(1)	—	—	153
Net loss on dispositions	(4)		—	—	(89)	—	—	—	(93)
Other income	3		—	34	15	44	43	—	139
Total Revenues and Other Income	5,153		20	18,726	21,381	1,658	55	(13,471)	33,522

Costs and Expenses
Purchased crude oil and products	3,514		—	16,960	20,420	1,633	—	(13,450)	29,077
Operating expenses*	512		1	848	17	90	(7)	(21)	1,440
Selling, general and administrative expenses*	52		(1)	32	334	14	151	—	582
Depreciation and amortization	260		—	443	33	23	57	—	816
Impairments	—		—	3	1	—	—	—	4
Taxes other than income taxes	83		—	94	6	23	12	—	218
Interest and debt expense	—		—	—	—	—	264	—	264
Other segment items**	1		—	(13)	(1)	8	6	—	1
Total Costs and Expenses	4,422		—	18,367	20,810	1,791	483	(13,471)	32,402

Income (loss) before income taxes	$	731	20	359	571	(133)	(428)	—	1,120
* These significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. The total of the line items "Operating expenses" and "Selling, general and administrative expenses" is considered "Controllable costs" and is provided to the CODM.
** “Other segment items” for each reportable segment includes the following line items on our consolidated statement of income: “Accretion on discounted liabilities” and “Foreign currency transaction (gains) losses.”


	Millions of Dollars
	Three Months Ended June 30, 2024
	Operating Segments
	Midstream		Chemicals	Refining	M&S	Renewable Fuels	Corporate and Other	Consolidating Adjustments	Total Consolidated
Revenues and Other Income
Third-party sales and other operating revenues	$	3,626	—	9,200	24,945	350	8	—	38,129
Intercompany revenues	720		—	13,899	580	1,151	4	(16,354)	—
Total sales and other operating revenues	4,346		—	23,099	25,525	1,501	12	(16,354)	38,129
Equity in earnings (losses) of affiliates	170		219	33	66	(1)	—	—	487
Net gain (loss) on dispositions	238		—	—	(1)	—	—	—	237
Other income	1		—	7	13	8	26	3	58
Total Revenues and Other Income	4,755		219	23,139	25,603	1,508	38	(16,351)	38,911

Costs and Expenses
Purchased crude oil and products	3,002		—	21,618	24,786	1,545	—	(16,323)	34,628
Operating expenses*	433		—	884	16	99	3	(28)	1,407
Selling, general and administrative expenses*	42		(3)	51	342	11	109	—	552
Depreciation and amortization	224		—	204	32	12	25	—	497
Impairments	225		—	—	—	—	—	—	225
Taxes other than income taxes	59		—	74	9	(104)	11	—	49
Interest and debt expense	—		—	—	—	—	231	—	231
Other segment items**	3		—	6	3	—	(1)	—	11
Total Costs and Expenses	3,988		(3)	22,837	25,188	1,563	378	(16,351)	37,600

Income (loss) before income taxes	$	767	222	302	415	(55)	(340)	—	1,311
* These significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. The total of the line items "Operating expenses" and "Selling, general and administrative expenses" is considered "Controllable costs" and is provided to the CODM.
** “Other segment items” for each reportable segment includes the following line items on our consolidated statement of income: “Accretion on discounted liabilities” and “Foreign currency transaction (gains) losses.”


	Millions of Dollars
	Six Months Ended June 30, 2025
	Operating Segments
	Midstream		Chemicals	Refining	M&S	Renewable Fuels	Corporate and Other	Consolidating Adjustments	Total Consolidated
Revenues and Other Income
Third-party sales and other operating revenues	$	9,355	—	12,807	40,062	1,509	20	—	63,753
Intercompany revenues	1,159		—	21,762	996	1,615	4	(25,536)	—
Total sales and other operating revenues	10,514		—	34,569	41,058	3,124	24	(25,536)	63,753
Equity in earnings (losses) of affiliates	208		133	(107)	74	(2)	—	—	306
Net gain on dispositions	65		—	—	929	—	—	—	994
Other income	13		—	37	21	63	61	—	195
Total Revenues and Other Income	10,800		133	34,499	42,082	3,185	85	(25,536)	65,248

Costs and Expenses
Purchased crude oil and products	7,603		—	31,985	39,465	3,169	—	(25,485)	56,737
Operating expenses*	970		3	1,922	35	186	(3)	(51)	3,062
Selling, general and administrative expenses*	105		(3)	78	662	32	227	—	1,101
Depreciation and amortization	493		—	899	53	46	116	—	1,607
Impairments	—		—	4	1	—	25	—	30
Taxes other than income taxes	144		—	204	15	58	30	—	451
Interest and debt expense	—		—	—	—	—	485	—	485
Other segment items**	3		—	(15)	(2)	12	9	—	7
Total Costs and Expenses	9,318		—	35,077	40,229	3,503	889	(25,536)	63,480

Income (loss) before income taxes	$	1,482	133	(578)	1,853	(318)	(804)	—	1,768
* These significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. The total of the line items "Operating expenses" and "Selling, general and administrative expenses" is considered "Controllable costs" and is provided to the CODM.
** “Other segment items” for each reportable segment includes the following line items on our consolidated statement of income: “Accretion on discounted liabilities” and “Foreign currency transaction (gains) losses.”


	Millions of Dollars
	Six Months Ended June 30, 2024
	Operating Segments
	Midstream		Chemicals	Refining	M&S	Renewable Fuels	Corporate and Other	Consolidating Adjustments	Total Consolidated
Revenues and Other Income
Third-party sales and other operating revenues	$	7,750	—	18,425	47,029	718	18	—	73,940
Intercompany revenues	1,437		—	26,583	1,098	1,926	7	(31,051)	—
Total sales and other operating revenues	9,187		—	45,008	48,127	2,644	25	(31,051)	73,940
Equity in earnings (losses) of affiliates	325		420	141	130	(1)	—	—	1,015
Net gain (loss) on dispositions	238		—	—	(1)	—	—	—	237
Other income	5		—	40	22	13	82	(7)	155
Total Revenues and Other Income	9,755		420	45,189	48,278	2,656	107	(31,058)	75,347

Costs and Expenses
Purchased crude oil and products	6,602		—	42,023	46,701	2,694	—	(31,006)	67,014
Operating expenses*	867		(2)	1,837	32	171	6	(52)	2,859
Selling, general and administrative expenses*	118		(5)	89	661	22	224	—	1,109
Depreciation and amortization	453		—	412	68	18	50	—	1,001
Impairments	284		—	105	—	—	1	—	390
Taxes other than income taxes	103		—	195	24	(138)	30	—	214
Interest and debt expense	—		—	—	—	—	458	—	458
Other segment items**	7		—	10	11	(1)	—	—	27
Total Costs and Expenses	8,434		(7)	44,671	47,497	2,766	769	(31,058)	73,072

Income (loss) before income taxes	$	1,321	427	518	781	(110)	(662)	—	2,275
* These significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. The total of the line items "Operating expenses" and "Selling, general and administrative expenses" is considered "Controllable costs" and is provided to the CODM.
** “Other segment items” for each reportable segment includes the following line items on our consolidated statement of income: “Accretion on discounted liabilities” and “Foreign currency transaction (gains) losses.”


	Millions of Dollars
	Operating Segments
	Midstream		Chemicals	Refining	M&S	Renewable Fuels	Corporate and Other	Total Consolidated
Three Months Ended June 30, 2025
Interest Income	$	—	—	—	—	—	34	34
Capital Expenditures and Investments*	384		—	148	34	9	12	587
Three Months Ended June 30, 2024
Interest Income	$	—	—	—	—	—	30	30
Capital Expenditures and Investments*	96		—	105	20	128	18	367
Six Months Ended June 30, 2025
Interest Income	$	—	—	—	—	—	68	68
Capital Expenditures and Investments*	600		—	324	49	18	19	1,010
Six Months Ended June 30, 2024
Interest Income	$	—	—	—	—	—	72	72
Capital Expenditures and Investments*	351		—	240	35	345	24	995
* Excludes Acquisitions, net of cash acquired.


	Millions of Dollars
	Operating Segments
	Midstream		Chemicals	Refining	M&S	Renewable Fuels	Corporate and Other	Total Consolidated
As of June 30, 2025
Investments In and Advances to Affiliates	$	2,228	7,890	2,279	553	14	2	12,966
Total Assets	30,187		7,890	21,443	10,665	3,008	2,749	75,942
As of December 31, 2024
Investments In and Advances to Affiliates	$	3,080	7,819	2,381	719	16	2	14,017
Total Assets	28,334		7,842	19,599	9,799	3,142	3,866	72,582