v3.26.3
Revenue
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table presents our revenues from external customers disaggregated by segment and product line:

Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In millions)2026202520262025
Refining & Marketing
Refined products$50,298 $30,525 $126,952 $87,897 
Crude oil2,198 1,586 6,115 4,570 
Services and other598 536 1,652 1,465 
Total revenues from external customers53,094 32,647 134,719 93,932 
Midstream
Refined products674 527 1,714 1,529 
Services and other902 922 2,619 2,701 
Total revenues from external customers1,576 1,449 4,333 4,230 
Renewable Diesel
Refined products1,360 709 3,164 1,953 
Services and other2 4 10 10 
Total revenues from external customers1,362 713 3,174 1,963 
Sales and other operating revenues$56,032 $34,809 $142,226 $100,125 
We do not disclose information on the future performance obligations for any contract with expected duration of one year or less at inception. As of September 30, 2026, we do not have future performance obligations that are material to future periods.
Contract Balances
Our receivables primarily consist of customer receivables. Significant, non-customer balances included in our receivables at September 30, 2026 and December 31, 2025 include matching buy/sell receivables of $7.3 billion and $4.1 billion, respectively.
Our contract liabilities primarily represent advances from our customers prior to product or service delivery. At September 30, 2026 and December 31, 2025, contract liabilities were $357 million and $215 million, respectively. Contract liabilities are included in Other current liabilities and Deferred credits and other liabilities on our Consolidated Balance Sheets. We classify contract liabilities as current or long-term based on the timing of when we expect to recognize revenue.