v3.26.1
DERIVATIVES - Schedule of Fair Value Derivatives (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Marketing Derivatives    
Gross and net fair values of outstanding derivatives    
Netting, asset $ (4,167) $ (328)
Total net fair value, asset 184 68
Netting and collateral, liability 4,167 328
Total net fair value, liability (357) (32)
Collateral paid netted against derivative liabilities 310 23
Collateral received netted against derivative assets   29
Crude Collars    
Gross and net fair values of outstanding derivatives    
Netting and collateral, liability 0  
Total net fair value, liability (292)  
Level 1 | Marketing Derivatives    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 3,915 345
Commodity contract derivative liability, gross (4,225) (336)
Level 1 | Crude Collars    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross (292)  
Level 2 | Marketing Derivatives    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 436 51
Commodity contract derivative liability, gross (299) (24)
Level 2 | Crude Collars    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross 0  
Level 3 | Marketing Derivatives    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative asset, gross 0 0
Commodity contract derivative liability, gross 0 $ 0
Level 3 | Crude Collars    
Gross and net fair values of outstanding derivatives    
Commodity contract derivative liability, gross $ 0