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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property, plant and equipment, at cost, is as follows (in millions):



	2011			2010
Refining	$	6,161		$	5,984
Retail	679			659
Corporate	215			204
Property, plant and equipment, at cost	7,055			6,847
Accumulated depreciation	(1,907		)	(1,677		)
Net property, plant and equipment	$	5,148		$	5,170

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details