Derivative and Financial Instruments (Tables) |
6 Months Ended |
|---|---|
Jun. 30, 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 June 30 December 31 2021 2020 Assets Prepaid expenses and other current assets $ 685 229 Other assets 89 26 Liabilities Other accruals 688 202 Other liabilities and deferred credits 64 18 |
| Income Statement Location and Gain (Loss) Amounts of Derivatives | The gains (losses) from commodity derivatives consolidated income statement were: Millions of Dollars Six Months Ended June 30 June 30 2021 2020 2021 2020 Sales and other operating revenues $ (100) (50) (379) (3) Other income (loss) (1) 3 16 5 Purchased commodities 132 24 145 (2) |
| Net Exposures from Outstanding Commodity Derivative Contracts | The table below summarizes our material net exposures contracts: Open Position Long/(Short) June 30 December 31 2021 2020 Commodity Natural gas and power (billions of cubic feet equivalent) 18 (20) (6) (10) |
| Net Carrying Amount of Held to Maturity Investments | The following investments are carried on our table reflects remaining maturities at June Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments Investments and Long- Term Receivables June 30 December 31 June 30 December 31 June 30 December 31 2021 2020 2021 2020 2021 2020 Cash $ 899 597 Demand Deposits 1,541 1,133 Time Deposits 1 to 90 days 4,104 1,225 1,537 2,859 91 to 180 days 270 448 Within one year 209 13 One year through five years 2 1 U.S. Government Obligations 1 to 90 days 16 23 - - $ 6,560 2,978 2,016 3,320 2 1 |
| Debt Securities Carried at Fair Value | The following investments in debt securities consolidated balance sheet at June 30, 2021 and Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments Investments and Long-Term Receivables June 30 December 31 June 30 December 31 June 30 December 31 2021 2020 2021 2020 2021 2020 Major Security Type Corporate Bonds $ - - 105 130 182 143 Commercial Paper 48 13 116 155 U.S. Government Obligations - - 2 4 8 13 U.S. Government Agency 10 17 Foreign Government Obligations 10 - - 2 Asset-backed Securities 2 - 52 41 $ 48 13 235 289 252 216 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 June 30 December 31 June 30 December 31 2021 2020 2021 2020 Major Security Type Corporate bonds $ 286 271 287 273 Commercial paper 164 168 164 168 U.S. government obligations 10 17 10 17 U.S. government agency obligations 10 17 10 17 Foreign government obligations 10 2 10 2 Asset-backed securities 54 41 54 41 $ 534 516 535 518 |