Derivative and Financial Instruments (Tables) |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Derivative and Financial Instruments [Abstract] | |
| Balance Sheet Location - Fair Value Amounts of Derivatives | The following table presents the gross items where they appear on our consolidated Millions of Dollars 2021 2020 Assets Prepaid expenses and other current $ 1,168 229 Other assets 75 26 Liabilities Other accruals 1,160 202 Other liabilities and deferred credits 63 18 The following table presents the gross collateral, and the line items where Millions of Dollars 2021 2020 Assets Prepaid expenses and other current $ 28 2 Liabilities Other accruals 9 16 |
| Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Text Block] | The gains (losses) from commodity derivatives income statement were: Millions of Dollars 2021 2020 2019 Sales and other operating revenues $ (228) 19 141 Other income (loss) 25 4 4 Purchased commodities 75 11 (118) The (gains) losses from foreign on our consolidated income statement Millions of Dollars 2021 2020 2019 Foreign currency transaction $ (5) (40) 16 |
| Net Exposures from Outstanding Derivative Contracts | The table below summarizes our material contracts: Open Position Long/(Short) 2021 2020 Commodity Natural gas and power (billions Fixed price 4 (20) Basis (22) (10) We had the following net notional In Millions Notional Currency 2021 2020 Foreign Currency Exchange Buy British pound, sell euro GBP 155 - Sell British pound, buy euro GBP - 5 Sell Canadian dollar, CAD - 370 Buy Canadian dollar, CAD 77 - Buy Australian dollar, AUD 1,850 - |
| Net Carrying Amount of Held to Maturity Investments | The following investments table reflects remaining maturities Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments Investments and Long- Term Receivables 2021 2020 2021 2020 2021 2020 Cash $ 670 597 Demand Deposits 1,554 1,133 Time Deposits 1 to 90 days 2,363 1,225 217 2,859 91 to 180 days 4 448 Within one year 4 13 One year through five years - 1 U.S. Government Obligations 1 to 90 days 431 23 - - $ 5,018 2,978 225 3,320 - 1 |
| Debt Securities Carried at Fair Value | The following investments consolidated balance sheet at December 31, 2021 and Millions of Dollars Carrying Amount Cash and Cash Equivalents Short-Term Investments Investments and Long- Term Receivables 2021 2020 2021 2020 2021 2020 Major Security Type Corporate Bonds $ 3 - 128 130 173 143 Commercial Paper 7 13 82 155 U.S. Government Obligations - - - 4 2 13 U.S. Government Agency 2 - 8 17 Foreign Government Obligations 7 - 2 2 Asset-backed Securities 2 - 63 41 $ 10 13 221 289 248 216 Cash and Cash Equivalents and Short-Term Investments and Long-Term eight years. |
| 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 at December 31: Millions of Dollars Amortized Cost Basis Fair Value 2021 2020 2021 2020 Major Security Type Corporate Bonds $ 305 271 304 273 Commercial Paper 88 168 89 168 U.S. Government Obligations 2 17 2 17 U.S. Government Agency Obligations 10 17 10 17 Foreign Government Obligations 9 2 9 2 Asset-Backed Securities 65 41 65 41 $ 479 516 479 518 |