XML 59 R48.htm IDEA: XBRL DOCUMENT v3.23.2
Revenues and Segment Information, Components of Operating Income (Loss) (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
segment
Jun. 30, 2022
USD ($)
Segment Information for our Reportable Segments        
Revenues [1] $ 34,509 $ 51,641 $ 70,948 $ 90,183
Cost of sales:        
Cost of materials and other [2] 29,430 42,946 59,435 77,895
Operating expenses (excluding depreciation and amortization expense reflected below) 1,440 1,626 2,917 3,005
Depreciation and amortization expense 658 590 1,308 1,185
Total cost of sales 31,528 45,162 63,660 82,085
Other operating expenses 2 15 12 34
General and administrative expenses (excluding depreciation and amortization expense reflected below) 209 233 453 438
Depreciation and amortization expense 11 12 21 23
Operating income 2,759 6,219 $ 6,802 7,603
Segment Information (Textual)        
Number of reportable segments | segment     3  
Corporate, Reconciling Items And Eliminations [Member]        
Segment Information for our Reportable Segments        
Revenues (1,204) (808) $ (2,175) (1,325)
Cost of sales:        
Operating income (240) (246) (498) (463)
Corporate [Member]        
Segment Information for our Reportable Segments        
Revenues 0 0 0 0
Cost of sales:        
General and administrative expenses (excluding depreciation and amortization expense reflected below) 209 233 453 438
Depreciation and amortization expense 11 12 21 23
Intersegment Eliminations [Member]        
Segment Information for our Reportable Segments        
Revenues (1,204) (808) (2,175) (1,325)
Cost of sales:        
Cost of materials and other [2] (1,185) (806) (2,152) (1,322)
Operating expenses (excluding depreciation and amortization expense reflected below) 3 (1) 3 (1)
Depreciation and amortization expense (2) 0 (2) 0
Total cost of sales (1,184) (807) (2,151) (1,323)
Other operating expenses 0 0 0 0
Refining [Member]        
Segment Information for our Reportable Segments        
Revenues 31,996 49,495 66,403 86,308
Refining [Member] | Operating Segments [Member]        
Segment Information for our Reportable Segments        
Revenues 31,993 49,506 66,403 86,323
Cost of sales:        
Cost of materials and other [2] 27,773 41,313 56,283 74,919
Operating expenses (excluding depreciation and amortization expense reflected below) 1,205 1,402 2,466 2,595
Depreciation and amortization expense 582 565 1,154 1,114
Total cost of sales 29,560 43,280 59,903 78,628
Other operating expenses 1 14 11 32
General and administrative expenses (excluding depreciation and amortization expense reflected below) 0 0 0 0
Depreciation and amortization expense 0 0 0 0
Operating income 2,432 6,212 6,489 7,663
Refining [Member] | Intersegment Eliminations [Member]        
Segment Information for our Reportable Segments        
Revenues (3) 11 0 15
Renewable Diesel [Member]        
Segment Information for our Reportable Segments        
Revenues 1,296 855 2,231 1,450
Renewable Diesel [Member] | Operating Segments [Member]        
Segment Information for our Reportable Segments        
Revenues 2,246 1,451 3,926 2,432
Cost of sales:        
Cost of materials and other [2] 1,643 1,213 2,974 1,968
Operating expenses (excluding depreciation and amortization expense reflected below) 104 58 190 109
Depreciation and amortization expense 59 28 117 54
Total cost of sales 1,806 1,299 3,281 2,131
Other operating expenses 0 0 0 0
General and administrative expenses (excluding depreciation and amortization expense reflected below) 0 0 0 0
Depreciation and amortization expense 0 0 0 0
Operating income 440 152 645 301
Segment Information (Textual)        
Blender's tax credit 388 198 634 354
Renewable Diesel [Member] | Intersegment Eliminations [Member]        
Segment Information for our Reportable Segments        
Revenues 950 596 1,695 982
Ethanol [Member]        
Segment Information for our Reportable Segments        
Revenues 1,217 1,291 2,314 2,425
Ethanol [Member] | Operating Segments [Member]        
Segment Information for our Reportable Segments        
Revenues 1,474 1,492 2,794 2,753
Cost of sales:        
Cost of materials and other [2] 1,199 1,226 2,330 2,330
Operating expenses (excluding depreciation and amortization expense reflected below) 128 167 258 302
Depreciation and amortization expense 19 (3) 39 17
Total cost of sales 1,346 1,390 2,627 2,649
Other operating expenses 1 1 1 2
General and administrative expenses (excluding depreciation and amortization expense reflected below) 0 0 0 0
Depreciation and amortization expense 0 0 0 0
Operating income 127 101 166 102
Ethanol [Member] | Intersegment Eliminations [Member]        
Segment Information for our Reportable Segments        
Revenues $ 257 $ 201 $ 480 $ 328
[1] Includes excise taxes on sales by certain of our foreign operations of $1,449 million and $1,254 million for the three months ended June 30, 2023 and 2022, respectively, and $2,871 million and $2,677 million for the six months ended June 30, 2023 and 2022, respectively.
[2] Cost of materials and other for our Renewable Diesel segment is net of the blender’s tax credit on qualified fuel mixtures of $388 million and $198 million for the three months ended June 30, 2023 and 2022, respectively, and $634 million and $354 million for the six months ended June 30, 2023 and 2022, respectively.