v3.26.1
Discontinued Operations
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
Discontinued operations consists primarily of our refining business. The following table presents components of Income (loss) from discontinued operations, net of tax:

Three Months Ended
June 30,
Six Months Ended
June 30,
Millions of dollars2026202520262025
Sales and other operating revenues$— $326 $— $1,525 
Cost of sales— 369 — 1,370 
Selling, general and administrative expenses— — 
Operating income (loss)— (45)— 151 
Other expense, net(17)(2)(35)(2)
Provision for (benefit from) income taxes(4)(7)(8)35 
Income (loss) from discontinued operations, net of tax$(13)$(40)$(27)$114