XML 69 R57.htm IDEA: XBRL DOCUMENT v3.25.2
Price Risk Management Activities (Details)
bu in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
MBbls
bu
Jun. 30, 2024
USD ($)
Price Risk Management Activities (Textual)        
Compliance program costs | $ [1] $ 26,332 $ 30,943 $ 53,880 $ 58,625
Renewable and Low-Carbon Fuel Programs [Member]        
Price Risk Management Activities (Textual)        
Compliance program costs | $ 408 $ 173 $ 740 $ 377
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Futures, 2025 Maturity [Member] | Short [Member] | Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | MBbls     3,432  
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Futures, 2025 Maturity [Member] | Short [Member] | Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | MBbls     0  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Short [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | MBbls     117,712  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Short [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     153,455  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Long [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | MBbls     119,584  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Long [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     117,650  
Derivatives Designated as Economic Hedges [Member] | Physical Contracts, 2025 Maturity [Member] | Long [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     33,976  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Short [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | MBbls     7,066  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Short [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     1,980  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Long [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | MBbls     7,081  
Derivatives Designated as Economic Hedges [Member] | Futures, 2025 Maturity [Member] | Long [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     85  
Derivatives Designated as Economic Hedges [Member] | Physical Contracts, 2025 Maturity [Member] | Long [Member] | Corn (in thousands of bushels) [Member]        
Volume of Outstanding Contracts        
Nonmonetary notional amount of price risk derivatives, volume | bu     1,939  
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars [Member]        
Price Risk Management Activities (Textual)        
Monetary notional amount of derivative liabilities | $ 628   $ 628  
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars, Maturing on or Before Filing [Member]        
Price Risk Management Activities (Textual)        
Monetary notional amount of derivative liabilities | $ 453   453  
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars, Maturing Subsequent to Filing [Member]        
Price Risk Management Activities (Textual)        
Monetary notional amount of derivative liabilities | $ $ 175   $ 175  
[1] Cost of materials and other for our Renewable Diesel segment is net of the clean fuel production credit on qualifying sales of certain low-carbon transportation fuels of $140 million and $191 million for the three and six months ended June 30, 2025, respectively, and the blender’s tax credit on qualified fuel mixtures of $308 million and $639 million for the three and six months ended June 30, 2024, respectively.