XML 66 R55.htm IDEA: XBRL DOCUMENT v3.23.2
Price Risk Management Activities (Details)
bu in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
bu
MBbls
Jun. 30, 2022
USD ($)
Price Risk Management Activities (Textual)        
Compliance program costs | $ [1] $ 29,430 $ 42,946 $ 59,435 $ 77,895
Renewable And Low-Carbon Fuel Programs [Member]        
Price Risk Management Activities (Textual)        
Compliance program costs | $ 387 $ 221 $ 800 $ 523
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2022 Maturity [Member] | Long (Purchases) [Member] | Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     2,451  
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2022 Maturity [Member] | Short (Sales) [Member] | Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     7,020  
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2023 Maturity [Member] | Long (Purchases) [Member] | Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     0  
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Future, 2023 Maturity [Member] | Short (Sales) [Member] | Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     0  
Derivatives Designated as Economic Hedges [Member] | Future, 2022 Maturity [Member] | Long (Purchases) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     75,103  
Derivatives Designated as Economic Hedges [Member] | Future, 2022 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     172,335  
Derivatives Designated as Economic Hedges [Member] | Future, 2022 Maturity [Member] | Short (Sales) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     73,103  
Derivatives Designated as Economic Hedges [Member] | Future, 2022 Maturity [Member] | Short (Sales) [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     212,675  
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Long (Purchases) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     59  
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     20  
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Short (Sales) [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume     302  
Derivatives Designated as Economic Hedges [Member] | Future, 2023 Maturity [Member] | Short (Sales) [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     2,120  
Derivatives Designated as Economic Hedges [Member] | Physical Contracts, 2022 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     40,132  
Derivatives Designated as Economic Hedges [Member] | Physical Contracts, 2023 Maturity [Member] | Long (Purchases) [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     2,084  
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars [Member]        
Price Risk Management Activities (Textual)        
Monetary notional amount of derivative liabilities | $ $ 614   $ 614  
[1] 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.