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INVENTORIES (Tables)
 12 Months Ended
Dec. 31, 2020
INVENTORIES  
Schedule of Inventories table text block

 

                                                                                                                                                                                    

($ millions)

 

December 31
2020

 

December 31
2019

 

Crude oil(1)

 

1 429

 

1 689

 

Refined products

 

1 322

 

1 290

 

Materials, supplies and merchandise

 
866

 
782

 

 

 

3 617

 

3 761

 

 

 

 

(1)          

Includes $154 million of inventories held for trading purposes (2019 – $210 million) which are measured at fair value based on Level 1 and Level 2 fair value inputs.