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INVENTORIES (Tables)
 12 Months Ended
Dec. 31, 2019
INVENTORIES  
Schedule of Inventories table text block

                                                                                                                                                                                      

($ millions)

 

December 31
2019

 

December 31
2018

 

Crude oil(1)

 

1 689

 

1 424

 

Refined products

 

1 290

 

1 033

 

Materials, supplies and merchandise

 
782

 
702

 

 

 

3 761

 

3 159

 

 

 

 

 

(1)       

Includes $210 million of inventories held for trading purposes (2018 – $247 million) which are measured at fair value less costs of disposal based on Level 1 and Level 2 fair value inputs.