Financial and Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Consolidated Balance Sheet: Fair Value of Derivatives not Designated as Hedging Instruments

Consolidated Balance Sheet: Fair Value of Derivatives

				At December 31
Type of Contract	Balance Sheet Classification	2022		2021
Commodity	Accounts and notes receivable, net	$	175	$	251
Commodity	Long-term receivables, net	9		62
Total assets at fair value		$	184	$	313
Commodity	Accounts payable	$	46	$	71
Commodity	Deferred credits and other noncurrent obligations	12		1
Total liabilities at fair value		$	58	$	72

Consolidated Statement of Income: The Effect of Derivatives not Designated as Hedging Instruments

Consolidated Statement of Income: The Effect of Derivatives

		Gain/(Loss)
Type of Derivative	Statement of	Year ended December 31
Contract	Income Classification	2022		2021		2020
Commodity	Sales and other operating revenues	$	(651)	$	(685)	$	69
Commodity	Purchased crude oil and products	(226)		(64)		(36)
Commodity	Other income	10		(46)		7
		$	(867)	$	(795)	$	40

Consolidated Balance Sheet: The Effect of Netting Derivative Assets

The table below represents gross and net derivative assets and liabilities subject to netting agreements on the Consolidated Balance Sheet at December 31, 2022 and 2021.

Consolidated Balance Sheet: The Effect of Netting Derivative Assets and Liabilities

	Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amounts
At December 31, 2022
Derivative Assets - not designated	$	2,591	$	2,407	$	184	$	5	$	179
Derivative Assets - designated	$	8	$	8	$	—	$	—	$	—
Derivative Liabilities - not designated	$	2,450	$	2,407	$	43	$	—	$	43
Derivative Liabilities - designated	$	23	$	8	$	15	$	—	$	15
At December 31, 2021
Derivative Assets - not designated	$	1,684	$	1,371	$	313	$	—	$	313
Derivative Liabilities - not designated	$	1,443	$	1,371	$	72	$	—	$	72

Consolidated Balance Sheet: The Effect of Netting Derivative Liabilities

The table below represents gross and net derivative assets and liabilities subject to netting agreements on the Consolidated Balance Sheet at December 31, 2022 and 2021.

Consolidated Balance Sheet: The Effect of Netting Derivative Assets and Liabilities

	Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amounts
At December 31, 2022
Derivative Assets - not designated	$	2,591	$	2,407	$	184	$	5	$	179
Derivative Assets - designated	$	8	$	8	$	—	$	—	$	—
Derivative Liabilities - not designated	$	2,450	$	2,407	$	43	$	—	$	43
Derivative Liabilities - designated	$	23	$	8	$	15	$	—	$	15
At December 31, 2021
Derivative Assets - not designated	$	1,684	$	1,371	$	313	$	—	$	313
Derivative Liabilities - not designated	$	1,443	$	1,371	$	72	$	—	$	72