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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2015
Oxy  
Related party transaction  
Schedule of related party transactions

The impact to our Condensed Consolidated Statements of Operations from those transactions is included below (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2015

    

2014

    

2015

    

2014

 

Revenues

 

$
187

 

$
369

 

$
745

 

$
812

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases and related costs (1)

 

$
(34)

 

$
233

 

$
112

 

$
701

 

 

(1)

Purchases and related costs include crude oil buy/sell transactions that are accounted for as inventory exchanges and are presented net in our Condensed Consolidated Statements of Operations.

 

We currently have a netting arrangement with Oxy. Our gross receivable and payable amounts with Oxy were as follows as of the dates indicated (in millions):

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

 

2015

    

2014

 

Trade accounts receivable and other receivables

 

$
535

 

$
489

 

 

 

 

 

 

 

 

 

Accounts payable

 

$
494

 

$
441