v3.21.2
Sales and Other Operating Revenues (Tables)
9 Months Ended
Sep. 30, 2021
Sales and Other Operating Revenues [Abstract]  
Disaggregation of Revenue
Millions of Dollars
 
Three Months Ended
Nine Months Ended
September 30
September 30
2021
2020
2021
2020
Revenue from contracts
 
with customers
$
8,880
3,078
23,794
9,908
Revenue from contracts
 
outside the scope of ASC Topic
 
606
Physical contracts
 
meeting the definition of a derivative
2,620
1,280
7,348
3,432
Financial derivative contracts
(174)
28
(434)
(47)
Consolidated sales and other operating
 
revenues
$
11,326
4,386
30,708
13,293
Millions of Dollars
 
Three Months Ended
Nine Months Ended
September 30
September 30
2021
2020
2021
2020
Revenue from Outside the Scope of ASC Topic
 
606
by Segment
Lower 48
$
2,123
1,018
5,934
2,692
Canada
266
152
776
452
Europe, Middle East and North Africa
231
110
638
288
Physical contracts
 
meeting the definition of a derivative
$
2,620
1,280
7,348
3,432
Millions of Dollars
 
Three Months Ended
Nine Months Ended
September 30
September 30
2021
2020
2021
2020
Revenue from Outside the Scope of ASC Topic
 
606
by Product
Crude oil
$
215
100
517
218
Natural gas
2,192
1,042
6,423
2,895
Other
213
138
408
319
Physical contracts
 
meeting the definition of a derivative
$
2,620
1,280
7,348
3,432
Contract with Customer, Asset and Liability
Millions of Dollars
Contract Liabilities
At December 31, 2020
$
97
Contractual payments received
7
Revenue recognized
(62)
At September 30, 2021
$
42
Amounts Recognized in the Consolidated
 
Balance Sheet at September 30, 2021
Current liabilities
$
42