Related Party Transactions

12 Months Ended

Dec. 31, 2014

Note 22—Related Party Transactions

We consider our equity method investments to be related parties. Significant transactions with related parties were:

	Millions of Dollars
	2014		2013	2012

Operating revenues and other income	$	119	102	59
Purchases		190	184	261
Operating expenses and selling, general and administrative expenses*		70	35	28
Net interest (income) expense**		(44)	31	38
*2013 and 2012 have been restated to eliminate certain non-related party transactions.
**We paid interest to, or received interest from, various affiliates. See Note 6—Investments, Loans and Long-Term Receivables, for additional
information on loans to affiliated companies.

The table above includes transactions with Freeport LNG through the date of the termination agreement and excludes the termination fee. See Note 3—Variable Interest Entities (VIEs), for additional information.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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