Revenues and Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment activity, including total assets by reportable segment

Total assets by reportable segment were as follows (in millions):

	December 31,
	2019		2018
Refining	$	47,067	$	43,488
Ethanol	1,615		1,691
Renewable diesel	1,412		787
Corporate and eliminations	3,770		4,189
Total assets	$	53,864	$	50,155

The following tables reflect information about our operating income and total expenditures for long-lived assets by reportable segment (in millions):

	Refining		Ethanol		Renewable Diesel		Corporate and Eliminations			Total
Year ended December 31, 2019
Revenues:
Revenues from external customers	$	103,746	$	3,606	$	970	$	2		$	108,324
Intersegment revenues	18		231		247		(496		)	—
Total revenues	103,764		3,837		1,217		(494		)	108,324
Cost of sales:
Cost of materials and other	93,371		3,239		360		(494		)	96,476
Operating expenses (excluding depreciation and amortization expense reflected below)	4,289		504		75		—			4,868
Depreciation and amortization expense	2,062		90		50		—			2,202
Total cost of sales	99,722		3,833		485		(494		)	103,546
Other operating expenses	20		1		—		—			21
General and administrative expenses (excluding depreciation and amortization expense reflected below)	—		—		—		868			868
Depreciation and amortization expense	—		—		—		53			53
Operating income by segment	$	4,022	$	3	$	732	$	(921	)	$	3,836
Total expenditures for long-lived assets (a)	$	2,581	$	47	$	160	$	58		$	2,846

^{__________________________} 

(a) See note on page 123.

	Refining		Ethanol		Renewable Diesel		Corporate and Eliminations			Total
Year ended December 31, 2018
Revenues:
Revenues from external customers	$	113,093	$	3,428	$	508	$	4		$	117,033
Intersegment revenues	25		210		170		(405		)	—
Total revenues	113,118		3,638		678		(401		)	117,033
Cost of sales:
Cost of materials and other	101,866		3,008		262		(404		)	104,732
Operating expenses (excluding depreciation and amortization expense reflected below)	4,154		470		66		—			4,690
Depreciation and amortization expense	1,910		78		29		—			2,017
Total cost of sales	107,930		3,556		357		(404		)	111,439
Other operating expenses	45		—		—		—			45
General and administrative expenses (excluding depreciation and amortization expense reflected below)	—		—		—		925			925
Depreciation and amortization expense	—		—		—		52			52
Operating income by segment	$	5,143	$	82	$	321	$	(974	)	$	4,572
Total expenditures for long-lived assets (a)	$	2,767	$	373	$	192	$	44		$	3,376

Year ended December 31, 2017
Revenues:
Revenues from external customers	$	90,258	$	3,324	$	393	$	5		$	93,980
Intersegment revenues	8		176		241		(425		)	—
Total revenues	90,266		3,500		634		(420		)	93,980
Cost of sales:
Cost of materials and other	80,160		2,804		498		(425		)	83,037
Operating expenses (excluding depreciation and amortization expense reflected below)	4,014		443		47		—			4,504
Depreciation and amortization expense	1,824		81		29		—			1,934
Total cost of sales	85,998		3,328		574		(425		)	89,475
Other operating expenses	61		—		—		—			61
General and administrative expenses (excluding depreciation and amortization expense reflected below)	—		—		—		829			829
Depreciation and amortization expense	—		—		—		52			52
Operating income by segment	$	4,207	$	172	$	60	$	(876	)	$	3,563
Total expenditures for long-lived assets (a)	$	1,732	$	84	$	88	$	44		$	1,948

^{__________________________} 

(a) Total expenditures for long-lived assets includes amounts related to capital expenditures; deferred turnaround and catalyst costs; and property, plant, and equipment for acquisitions.

Operating revenues from external customers by product

The following table provides a disaggregation of revenues from external customers for our principal products by reportable segment (in millions).

	Year Ended December 31,
	2019		2018		2017
Refining:
Gasolines and blendstocks	$	42,798	$	46,596	$	40,347
Distillates	51,942		55,037		41,680
Other product revenues	9,006		11,460		8,231
Total refining revenues	103,746		113,093		90,258
Ethanol:
Ethanol	2,889		2,713		2,764
Distillers grains	717		715		560
Total ethanol revenues	3,606		3,428		3,324
Renewable diesel:
Renewable diesel	970		508		393
Corporate – other revenues	2		4		5
Revenues	$	108,324	$	117,033	$	93,980

Operating revenues by geographic area of customer

Revenues by geographic area are shown in the following table (in millions). The geographic area is based on location of customer and no customer accounted for 10 percent or more of our revenues.

	Year Ended December 31,
	2019		2018		2017
U.S.	$	77,173	$	82,992	$	66,614
Canada	7,915		9,211		7,039
U.K. and Ireland	13,584		15,208		11,556
Other countries	9,652		9,622		8,771
Revenues	$	108,324	$	117,033	$	93,980

Geographic information by country for long-lived assets

Long-lived assets by geographic area consisted of the following (in millions):

	December 31,
	2019		2018
U.S.	$	27,485	$	27,475
Canada	1,886		1,798
U.K. and Ireland	1,232		1,113
Other countries	497		266
Total long-lived assets	$	31,100	$	30,652