UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 246	$ 969
Restricted cash	99	276
Inventories (see Note 3)	4,666	3,884
Derivative assets (see Note 13)	659	434
Prepaid and other current assets	832	1,302
Total current assets	15,905	13,360
Property, plant and equipment, net (see Note 4)	52,223	51,359
Investments in unconsolidated affiliates (see Note 5)	2,165	2,185
Intangible assets, net (see Note 6)	4,051	4,159
Goodwill (see Note 6)	5,712	5,712
Operating lease right-of-use assets, net (see Note 16)	758	437
Other assets	944	690
Total assets	81,758	77,902
Current liabilities:
Current maturities of debt (see Note 7)	2,023	1,625
Accrued product payables	11,683	8,183
Accrued interest	552	566
Derivative liabilities (see Note 13)	642	347
Current operating lease liabilities (see Note 16)	90	94
Other current liabilities	679	779
Total current liabilities	17,152	12,832
Long-term debt (see Note 7)	31,205	32,770
Deferred tax liabilities (see Note 15)	720	702
Long-term operating lease liabilities (see Note 16)	701	377
Other long-term liabilities	872	607
Commitments and contingent liabilities (see Note 16)
Redeemable preferred limited partner interests: (see Note 8)
Series A cumulative convertible preferred units (“preferred units”) (45,412 units outstanding at June 30, 2026 and December 31, 2025	44	44
Partners’ equity:
Common limited partner interests (2,159,477,169 units issued and outstanding at June 30, 2026, 2,161,760,683 units issued and outstanding at December 31, 2025	31,371	30,700
Treasury units, at cost	(1,297)	(1,297)
Accumulated other comprehensive income	174	336
Total partners’ equity	30,248	29,739
Noncontrolling interests in consolidated subsidiaries	816	831
Total equity	31,064	30,570
Total liabilities, preferred units, and equity	81,758	77,902
Nonrelated Party
Current assets:
Accounts receivable, net	9,401	6,494
Current liabilities:
Accounts payable	1,332	1,021
Related Party
Current assets:
Accounts receivable, net	2	1
Current liabilities:
Accounts payable	$ 151	$ 217