v3.21.1
Sales and Other Operating Revenue (Tables)
3 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
Millions of Dollars
 
Three Months Ended
March 31
2021
2020
Revenue from contracts with customers
$
7,161
4,911
Revenue from contracts outside the scope of ASC
 
Topic 606
Physical contracts meeting the definition of a derivative
2,974
1,296
Financial derivative contracts
(309)
(49)
Consolidated sales and other operating revenues
$
9,826
6,158
Millions of Dollars
 
Three Months Ended
March 31
2021
2020
Revenue from Outside the Scope of ASC Topic 606 by Segment
Lower 48
$
2,466
976
Canada
303
179
Europe, Middle East and North Africa
205
141
Physical contracts meeting the definition of a derivative
$
2,974
1,296
Millions of Dollars
 
Three Months Ended
March 31
2021
2020
Revenue from Outside the Scope of ASC Topic 606 by Product
Crude oil
$
124
92
Natural gas
2,727
1,090
Other
123
114
Physical contracts meeting the definition of a derivative
$
2,974
1,296
Contract with Customer, Asset and Liability [Table Text Block]
Millions of Dollars
Contract Liabilities
At December 31, 2020
$
97
Contractual payments received
7
Revenue recognized
(62)
At March 31, 2021
$
42
Amounts Recognized in the Consolidated
 
Balance Sheet at March 31, 2021
Current liabilities
$
42