v3.25.2
Segment Disclosures and Related Information - Schedule of Analysis by Segment (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Revenues and Other Income          
Total sales and other operating revenues $ 33,323 $ 38,129 $ 63,753 $ 73,940  
Equity in earnings (losses) of affiliates 153 487 306 1,015  
Net gain (loss) on dispositions (93) 237 994 237  
Other income 139 58 195 155  
Total Revenues and Other Income 33,522 38,911 65,248 75,347  
Costs and Expenses          
Purchased crude oil and products 29,077 34,628 56,737 67,014  
Operating expenses 1,440 1,407 3,062 2,859  
Selling, general and administrative expenses 582 552 1,101 1,109  
Depreciation and amortization 816 497 1,607 1,001  
Impairments 4 225 30 390  
Taxes other than income taxes 218 49 451 214  
Interest and debt expense 264 231 485 458  
Other segment items 1 11 7 27  
Total Costs and Expenses 32,402 37,600 63,480 73,072  
Income before income taxes 1,120 1,311 1,768 2,275  
Interest Income 34 30 68 72  
Capital Expenditures and Investments 587 367 1,010 995  
Investments In and Advances to Affiliates 12,966   12,966   $ 14,017
Total Assets 75,942   75,942   72,582
Midstream          
Revenues and Other Income          
Total sales and other operating revenues 4,528 3,626 9,355 7,750  
Chemicals          
Revenues and Other Income          
Total sales and other operating revenues 0 0 0 0  
Refining          
Revenues and Other Income          
Total sales and other operating revenues 7,105 9,200 12,807 18,425  
M&S          
Revenues and Other Income          
Total sales and other operating revenues 20,899 24,945 40,062 47,029  
Renewable Fuels          
Revenues and Other Income          
Total sales and other operating revenues 781 350 1,509 718  
Operating Segments | Midstream          
Revenues and Other Income          
Total sales and other operating revenues 5,056 4,346 10,514 9,187  
Equity in earnings (losses) of affiliates 98 170 208 325  
Net gain (loss) on dispositions (4) 238 65 238  
Other income 3 1 13 5  
Total Revenues and Other Income 5,153 4,755 10,800 9,755  
Costs and Expenses          
Purchased crude oil and products 3,514 3,002 7,603 6,602  
Operating expenses 512 433 970 867  
Selling, general and administrative expenses 52 42 105 118  
Depreciation and amortization 260 224 493 453  
Impairments 0 225 0 284  
Taxes other than income taxes 83 59 144 103  
Interest and debt expense 0 0 0 0  
Other segment items 1 3 3 7  
Total Costs and Expenses 4,422 3,988 9,318 8,434  
Income before income taxes 731 767 1,482 1,321  
Interest Income 0 0 0 0  
Capital Expenditures and Investments 384 96 600 351  
Investments In and Advances to Affiliates 2,228   2,228   3,080
Total Assets 30,187   30,187   28,334
Operating Segments | Chemicals          
Revenues and Other Income          
Total sales and other operating revenues 0 0 0 0  
Equity in earnings (losses) of affiliates 20 219 133 420  
Net gain (loss) on dispositions 0 0 0 0  
Other income 0 0 0 0  
Total Revenues and Other Income 20 219 133 420  
Costs and Expenses          
Purchased crude oil and products 0 0 0 0  
Operating expenses 1 0 3 (2)  
Selling, general and administrative expenses (1) (3) (3) (5)  
Depreciation and amortization 0 0 0 0  
Impairments 0 0 0 0  
Taxes other than income taxes 0 0 0 0  
Interest and debt expense 0 0 0 0  
Other segment items 0 0 0 0  
Total Costs and Expenses 0 (3) 0 (7)  
Income before income taxes 20 222 133 427  
Interest Income 0 0 0 0  
Capital Expenditures and Investments 0 0 0 0  
Investments In and Advances to Affiliates 7,890   7,890   7,819
Total Assets 7,890   7,890   7,842
Operating Segments | Refining          
Revenues and Other Income          
Total sales and other operating revenues 18,694 23,099 34,569 45,008  
Equity in earnings (losses) of affiliates (2) 33 (107) 141  
Net gain (loss) on dispositions 0 0 0 0  
Other income 34 7 37 40  
Total Revenues and Other Income 18,726 23,139 34,499 45,189  
Costs and Expenses          
Purchased crude oil and products 16,960 21,618 31,985 42,023  
Operating expenses 848 884 1,922 1,837  
Selling, general and administrative expenses 32 51 78 89  
Depreciation and amortization 443 204 899 412  
Impairments 3 0 4 105  
Taxes other than income taxes 94 74 204 195  
Interest and debt expense 0 0 0 0  
Other segment items (13) 6 (15) 10  
Total Costs and Expenses 18,367 22,837 35,077 44,671  
Income before income taxes 359 302 (578) 518  
Interest Income 0 0 0 0  
Capital Expenditures and Investments 148 105 324 240  
Investments In and Advances to Affiliates 2,279   2,279   2,381
Total Assets 21,443   21,443   19,599
Operating Segments | M&S          
Revenues and Other Income          
Total sales and other operating revenues 21,417 25,525 41,058 48,127  
Equity in earnings (losses) of affiliates 38 66 74 130  
Net gain (loss) on dispositions (89) (1) 929 (1)  
Other income 15 13 21 22  
Total Revenues and Other Income 21,381 25,603 42,082 48,278  
Costs and Expenses          
Purchased crude oil and products 20,420 24,786 39,465 46,701  
Operating expenses 17 16 35 32  
Selling, general and administrative expenses 334 342 662 661  
Depreciation and amortization 33 32 53 68  
Impairments 1 0 1 0  
Taxes other than income taxes 6 9 15 24  
Interest and debt expense 0 0 0 0  
Other segment items (1) 3 (2) 11  
Total Costs and Expenses 20,810 25,188 40,229 47,497  
Income before income taxes 571 415 1,853 781  
Interest Income 0 0 0 0  
Capital Expenditures and Investments 34 20 49 35  
Investments In and Advances to Affiliates 553   553   719
Total Assets 10,665   10,665   9,799
Operating Segments | Renewable Fuels          
Revenues and Other Income          
Total sales and other operating revenues 1,615 1,501 3,124 2,644  
Equity in earnings (losses) of affiliates (1) (1) (2) (1)  
Net gain (loss) on dispositions 0 0 0 0  
Other income 44 8 63 13  
Total Revenues and Other Income 1,658 1,508 3,185 2,656  
Costs and Expenses          
Purchased crude oil and products 1,633 1,545 3,169 2,694  
Operating expenses 90 99 186 171  
Selling, general and administrative expenses 14 11 32 22  
Depreciation and amortization 23 12 46 18  
Impairments 0 0 0 0  
Taxes other than income taxes 23 (104) 58 (138)  
Interest and debt expense 0 0 0 0  
Other segment items 8 0 12 (1)  
Total Costs and Expenses 1,791 1,563 3,503 2,766  
Income before income taxes (133) (55) (318) (110)  
Interest Income 0 0 0 0  
Capital Expenditures and Investments 9 128 18 345  
Investments In and Advances to Affiliates 14   14   16
Total Assets 3,008   3,008   3,142
Corporate and Other          
Revenues and Other Income          
Total sales and other operating revenues 10 8 20 18  
Equity in earnings (losses) of affiliates 0 0 0 0  
Net gain (loss) on dispositions 0 0 0 0  
Other income 43 26 61 82  
Total Revenues and Other Income 55 38 85 107  
Costs and Expenses          
Purchased crude oil and products 0 0 0 0  
Operating expenses (7) 3 (3) 6  
Selling, general and administrative expenses 151 109 227 224  
Depreciation and amortization 57 25 116 50  
Impairments 0 0 25 1  
Taxes other than income taxes 12 11 30 30  
Interest and debt expense 264 231 485 458  
Other segment items 6 (1) 9 0  
Total Costs and Expenses 483 378 889 769  
Income before income taxes (428) (340) (804) (662)  
Interest Income 34 30 68 72  
Capital Expenditures and Investments 12 18 19 24  
Investments In and Advances to Affiliates 2   2   2
Total Assets 2,749   2,749   $ 3,866
Intercompany revenues          
Revenues and Other Income          
Total sales and other operating revenues 2 4 4 7  
Intercompany revenues | Midstream          
Revenues and Other Income          
Total sales and other operating revenues 528 720 1,159 1,437  
Intercompany revenues | Chemicals          
Revenues and Other Income          
Total sales and other operating revenues 0 0 0 0  
Intercompany revenues | Refining          
Revenues and Other Income          
Total sales and other operating revenues 11,589 13,899 21,762 26,583  
Intercompany revenues | M&S          
Revenues and Other Income          
Total sales and other operating revenues 518 580 996 1,098  
Intercompany revenues | Renewable Fuels          
Revenues and Other Income          
Total sales and other operating revenues 834 1,151 1,615 1,926  
Corporate and Other          
Revenues and Other Income          
Total sales and other operating revenues 12 12 24 25  
Consolidating Adjustments excluding Corporate          
Revenues and Other Income          
Total sales and other operating revenues 0 0 0 0  
Corporate Reconciling Items and Eliminations          
Revenues and Other Income          
Total sales and other operating revenues (13,471) (16,354) (25,536) (31,051)  
Consolidating Adjustments          
Revenues and Other Income          
Total sales and other operating revenues (13,471) (16,354) (25,536) (31,051)  
Equity in earnings (losses) of affiliates 0 0 0 0  
Net gain (loss) on dispositions 0 0 0 0  
Other income 0 3 0 (7)  
Total Revenues and Other Income (13,471) (16,351) (25,536) (31,058)  
Costs and Expenses          
Purchased crude oil and products (13,450) (16,323) (25,485) (31,006)  
Operating expenses (21) (28) (51) (52)  
Selling, general and administrative expenses 0 0 0 0  
Depreciation and amortization 0 0 0 0  
Impairments 0 0 0 0  
Taxes other than income taxes 0 0 0 0  
Interest and debt expense 0 0 0 0  
Other segment items 0 0 0 0  
Total Costs and Expenses (13,471) (16,351) (25,536) (31,058)  
Income before income taxes $ 0 $ 0 $ 0 $ 0