Derivative and Financial Instruments (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Derivative and Financial Instruments [Abstract] | |
| Balance Sheet Location and Fair Value Amounts of Derivatives | The following table presents the gross items where they appear on our consolidated Millions of Dollars September 30 December 31 2021 2020 Assets Prepaid expenses and other current $ 1,601 229 Other assets 109 26 Liabilities Other accruals 1,681 202 Other liabilities and deferred credits 94 18 |
| Income Statement Location and Gain (Loss) Amounts of Derivatives | The gains (losses) from commodity derivatives income statement were: Millions of Dollars Nine Months Ended September 30 September 30 2021 2020 2021 2020 Sales and other operating revenues $ (483) 33 (862) 30 Other income (loss) 7 (2) 23 3 Purchased commodities 405 (27) 550 (29) |
| Net Exposures from Outstanding Commodity Derivative Contracts | The table below summarizes our material contracts: Open Position Long/(Short) September 30 December 31 2021 2020 Commodity Natural gas and power (billions 10 (20) (19) (10) |
| Net Carrying Amount of Held to Maturity Investments | The following investments are reflects remaining maturities at September 30, 2021 and Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments and Long-Term Receivables September 30 December 31 September 30 December 31 September 30 December 31 2021 2020 2021 2020 2021 2020 Cash $ 634 597 Demand Deposits 1,847 1,133 Time Deposits 1 to 90 days 7,226 1,225 469 2,859 91 to 180 days 8 448 Within one year 5 13 One year through five years 2 1 U.S. Government 1 to 90 days 16 23 - - $ 9,723 2,978 482 3,320 2 1 |
| Debt Securities Carried at Fair Value | The following investments in debt securities balance sheet at September 30, 2021 and December 31, 2020: Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments and Long-Term Receivables September 30 December 31 September 30 December 31 September 30 December 31 2021 2020 2021 2020 2021 2020 Major Security Type Corporate Bonds $ - - 113 130 184 143 Commercial Paper 110 13 69 155 U.S. Government - - - 4 6 13 U.S. Government 2 - 8 17 Foreign Government 10 - 3 2 Asset-backed 2 - 59 41 $ 110 13 196 289 260 216 Cash and Cash Equivalents and Short-Term Investments and Long-Term |
| Amortized Cost Basis and Fair Value of Investments in Debt Securities Classified as Available for Sale | The following table summarizes the as available for sale: Millions of Dollars Amortized Cost Basis Fair Value September 30 December 31 September 30 December 31 2021 2020 2021 2020 Major Security Type Corporate bonds $ 296 271 297 273 Commercial paper 179 168 179 168 U.S. government obligations 6 17 6 17 U.S. government agency obligations 10 17 10 17 Foreign government obligations 13 2 13 2 Asset-backed securities 61 41 61 41 $ 565 516 566 518 |