Derivative and Financial Instruments (Tables) |
3 Months Ended |
|---|---|
Mar. 31, 2021 | |
| Derivative and Financial Instruments [Abstract] | |
| Balance sheet location and fair value amounts of derivatives | The following table presents the gross fair values line items where they appear on our consolidated Millions of Dollars March 31 December 31 2021 2020 Assets Prepaid expenses and other current assets $ 232 229 Other assets 46 26 Liabilities Other accruals 221 202 Other liabilities and deferred credits 33 18 |
| Income statement location and gain/loss amounts of derivatives | The gains (losses) from commodity derivatives consolidated income statement were: Millions of Dollars March 31 2021 2020 Sales and other operating revenues $ (279) 47 Other income (loss) 17 2 Purchased commodities 13 (27) |
| Net exposures from outstanding commodity derivative contracts | The table below summarizes our net exposures resulting Open Position Long/(Short) March 31 December 31 2021 2020 Commodity Natural gas and power (billion cubic feet equivalent) 17 (20) (12) (10) |
| Net carrying amount of held to maturity investments | Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments Investments and Long- Term Receivables March 31 December 31 March 31 December 31 March 31 December 31 2021 2020 2021 2020 2021 2020 Cash $ 636 597 Demand Deposits 1,281 1,133 Time Deposits 1 to 90 days 861 1,225 3,625 2,859 91 to 180 days 171 448 Within one year 16 13 One year through five years 2 1 U.S. Government Obligations 1 to 90 days 10 23 - - $ 2,788 2,978 3,812 3,320 2 1 |
| Debt Securities Carried at Fair Value | The following investments in debt securities consolidated balance sheet at March 31, 2021 Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments Investments and Long-Term Receivables March 31 December 31 March 31 December 31 March 31 December 31 2021 2020 2021 2020 2021 2020 Major Security Type Corporate Bonds $ - - 114 130 151 143 Commercial Paper 43 13 162 155 U.S. Government Obligations - - 3 4 7 13 U.S. Government Agency Obligations 10 17 Foreign Government Obligations 13 - - 2 Asset-backed Securities - - 49 41 $ 43 13 292 289 217 216 Cash and Cash Equivalents and Short-Term Investments have remaining maturities Investments and Long-Term Receivables have remaining maturities |
| Amortized cost basis and fair value of investments in debt securities classified as available for sale | The following table summarizes the amortized classified as available for sale: Millions of Dollars Amortized Cost Basis Fair Value March 31 December 31 March 31 December 31 2021 2020 2021 2020 Major Security Type Corporate bonds $ 264 271 265 273 Commercial paper 205 168 205 168 U.S. government obligations 10 17 10 17 U.S. government agency obligations 10 17 10 17 Foreign government obligations 13 2 13 2 Asset-backed securities 49 41 49 41 $ 551 516 552 518 |