v3.25.2
DERIVATIVES - Schedule of Fair Value Derivatives (Details) - Marketing Derivatives - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Gross and net fair values of outstanding derivatives    
Collateral received netted against derivative assets $ 11 $ 12
Collateral paid netted against derivative liabilities   9
Other current assets    
Gross and net fair values of outstanding derivatives    
Netting, asset (1,238) (512)
Total net fair value, asset 70 35
Other long-term assets    
Gross and net fair values of outstanding derivatives    
Netting, asset (5) (1)
Total net fair value, asset 5 0
Accrued liabilities    
Gross and net fair values of outstanding derivatives    
Netting and collateral, liability 1,238 512
Total net fair value, liability (20) (29)
Deferred credits and other liabilities - other    
Gross and net fair values of outstanding derivatives    
Netting and collateral, liability 5 1
Total net fair value, liability (2) (1)
Level 1 | Other current assets    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 1,214 455
Level 1 | Other long-term assets    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 10 0
Level 1 | Accrued liabilities    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross (1,200) (451)
Level 1 | Deferred credits and other liabilities - other    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross (5) 0
Level 2 | Other current assets    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 94 92
Level 2 | Other long-term assets    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 0 1
Level 2 | Accrued liabilities    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross (58) (90)
Level 2 | Deferred credits and other liabilities - other    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross (2) (2)
Level 3 | Other current assets    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 0 0
Level 3 | Other long-term assets    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 0 0
Level 3 | Accrued liabilities    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross 0 0
Level 3 | Deferred credits and other liabilities - other    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross $ 0 $ 0