v3.25.2
Revenues
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Contract Balances—Contract liabilities were $146 million and $117 million as of June 30, 2025 and December 31, 2024, respectively. Revenue recognized in each reporting period that was included in the contract liability balance at the beginning of the period was immaterial.
Disaggregation of Revenues—The following table presents our revenues disaggregated by key products:
Three Months Ended
June 30,		Six Months Ended
June 30,
Millions of dollars2025202420252024
Sales and other operating revenues:
Olefins and co-products$933 $1,317 $1,999 $2,562 
Polyethylene1,882 1,942 3,660 3,840 
Polypropylene1,565 1,577 3,103 3,075 
Propylene oxide and derivatives556 630 1,144 1,232 
Oxyfuels and related products1,151 1,431 2,282 2,541 
Intermediate chemicals511 667 1,052 1,456 
Compounding and solutions913 943 1,817 1,903 
Other147 171 278 373 
Total$7,658 $8,678 $15,335 $16,982 
The following table presents our revenues disaggregated by geography, based upon the location of the customer:
Three Months Ended
June 30,		Six Months Ended
June 30,
Millions of dollars2025202420252024
Sales and other operating revenues:
United States$2,654 $3,177 $5,509 $6,344 
Germany557 663 1,173 1,323 
China480 535 960 1,141 
Mexico400 432 809 868 
Italy359 393 686 794 
Japan286 360 604 594 
France298 301 563 558 
Poland210 247 413 489 
The Netherlands228 214 394 399 
Other2,186 2,356 4,224 4,472 
Total$7,658 $8,678 $15,335 $16,982