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Revenues and Segment Information (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Contract Balances
Contract balances were as follows (in millions):
September 30,
2024		December 31,
2023
Receivables from contracts with customers,
included in receivables, net
$5,839 $7,209 
Contract liabilities, included in accrued expenses57 40 
Schedule of Segment Information For Our Reportable Segments
The following tables reflect information about our operating income, including a reconciliation to our consolidated income before income tax expense, by reportable segment (in millions):
RefiningRenewable
Diesel		EthanolCorporate
and
Eliminations		Total
Three months ended September 30, 2024
Revenues:
Revenues from external customers
$31,332 $632 $912 $— $32,876 
Intersegment revenues
3 593 235 (831)— 
Total revenues
31,335 1,225 1,147 (831)32,876 
Cost of sales:
Cost of materials and other (a)28,922 1,029 842 (828)29,965 
Operating expenses (excluding depreciation
and amortization expense reflected below)
1,256 92 133 1 1,482 
Depreciation and amortization expense
589 69 19 (2)675 
Total cost of sales
30,767 1,190 994 (829)32,122 
Other operating expenses3 — — — 3 
General and administrative expenses (excluding
depreciation and amortization expense
reflected below)
— — — 234 234 
Depreciation and amortization expense
— — — 10 10 
Operating income by segment$565 $35 $153 $(246)507 
Other income, net123 
Interest and debt expense, net of capitalized
interest
(141)
Income before income tax expense$489 
________________________
See note (a) on page 23.
RefiningRenewable
Diesel		EthanolCorporate
and
Eliminations		Total
Three months ended September 30, 2023
Revenues:
Revenues from external customers
$36,521 $759 $1,124 $— $38,404 
Intersegment revenues
8 672 310 (990)— 
Total revenues
36,529 1,431 1,434 (990)38,404 
Cost of sales:
Cost of materials and other (a)31,115 1,169 1,092 (991)32,385 
Operating expenses (excluding depreciation
and amortization expense reflected below)
1,366 84 125 3 1,578 
Depreciation and amortization expense
597 55 20 (1)671 
Total cost of sales
33,078 1,308 1,237 (989)34,634 
Other operating expenses6 — — — 6 
General and administrative expenses (excluding
depreciation and amortization expense
reflected below)
— — — 250 250 
Depreciation and amortization expense
— — — 11 11 
Operating income by segment$3,445 $123 $197 $(262)3,503 
Other income, net122 
Interest and debt expense, net of capitalized
interest
(149)
Income before income tax expense$3,476 
________________________
See note (a) on page 23.
RefiningRenewable
Diesel		EthanolCorporate
and
Eliminations		Total
Nine months ended September 30, 2024
Revenues:
Revenues from external customers
$94,519 $1,888 $2,718 $— $99,125 
Intersegment revenues
8 1,932 654 (2,594)— 
Total revenues
94,527 3,820 3,372 (2,594)99,125 
Cost of sales:
Cost of materials and other (a)85,528 3,025 2,625 (2,588)88,590 
Operating expenses (excluding depreciation
and amortization expense reflected below)
3,659 262 395 1 4,317 
Depreciation and amortization expense
1,793 196 57 (4)2,042 
Total cost of sales
90,980 3,483 3,077 (2,591)94,949 
Other operating expenses13 — 27 — 40 
General and administrative expenses (excluding
depreciation and amortization expense
reflected below)
— — — 695 695 
Depreciation and amortization expense
— — — 34 34 
Operating income by segment$3,534 $337 $268 $(732)3,407 
Other income, net389 
Interest and debt expense, net of capitalized
interest
(421)
Income before income tax expense$3,375 
________________________
See note (a) on page 23.
RefiningRenewable
Diesel		EthanolCorporate
and
Eliminations		Total
Nine months ended September 30, 2023
Revenues:
Revenues from external customers
$102,924 $2,990 $3,438 $— $109,352 
Intersegment revenues
8 2,367 790 (3,165)— 
Total revenues
102,932 5,357 4,228 (3,165)109,352 
Cost of sales:
Cost of materials and other (a)87,398 4,143 3,422 (3,143)91,820 
Operating expenses (excluding depreciation
and amortization expense reflected below)
3,832 274 383 6 4,495 
Depreciation and amortization expense
1,751 172 59 (3)1,979 
Total cost of sales
92,981 4,589 3,864 (3,140)98,294 
Other operating expenses17 — 1 — 18 
General and administrative expenses (excluding
depreciation and amortization expense
reflected below)
— — — 703 703 
Depreciation and amortization expense
— — — 32 32 
Operating income by segment$9,934 $768 $363 $(760)10,305 
Other income, net357 
Interest and debt expense, net of capitalized
interest
(443)
Income before income tax expense$10,219 
________________________
(a)Cost of materials and other for our Renewable Diesel segment is net of the blender’s tax credit on qualified fuel mixtures of $313 million and $266 million for the three months ended September 30, 2024 and 2023, respectively, and $952 million and $900 million for the nine months ended September 30, 2024 and 2023, respectively.
The following table provides a disaggregation of revenues from external customers for our principal products by reportable segment (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Refining:
Gasolines and blendstocks
$14,361 $17,025 $43,004 $47,302 
Distillates
13,855 16,392 42,286 47,222 
Other product revenues
3,116 3,104 9,229 8,400 
Total Refining revenues31,332 36,521 94,519 102,924 
Renewable Diesel:
Renewable diesel
610 739 1,829 2,864 
Renewable naphtha22 20 59 126 
Total Renewable Diesel revenues632 759 1,888 2,990 
Ethanol:
Ethanol
685 861 1,985 2,522 
Distillers grains
227 263 733 916 
Total Ethanol revenues912 1,124 2,718 3,438 
Revenues
$32,876 $38,404 $99,125 $109,352 

Total assets by reportable segment were as follows (in millions):
September 30,
2024		December 31,
2023
Refining$46,546 $49,031 
Renewable Diesel5,761 5,790 
Ethanol1,489 1,549 
Corporate and eliminations6,586 6,686 
Total assets$60,382 $63,056