Financial Instruments and Derivatives (Tables)

6 Months Ended

Jun. 30, 2020

Financial Instruments And Derivatives [Abstract]

Financial Instruments

			At June 30, 2020
			(millions of dollars)
			Fair Value
									Difference
						Total Gross	Effect of	Effect of	in Carrying	Net
						Assets	Counterparty	Collateral	Value and	Carrying
			Level 1	Level 2	Level 3	& Liabilities	Netting	Netting	Fair Value	Value
Assets
	Derivative assets (1)		1,488	165	-	1,653	(1,423)	(65)	-	165
	Advances to/receivables
		from equity companies (2)(7)	-	1,916	6,795	8,711	-	-	48	8,759
	Other long-term
		financial assets (3)	1,157	-	889	2,046	-	-	137	2,183
Liabilities
	Derivative liabilities (4)		1,748	88	-	1,836	(1,423)	(325)	-	88
	Long-term debt (5)		49,106	166	4	49,276	-	-	(3,962)	45,314
	Long-term obligations
		to equity companies (7)	-	-	3,766	3,766	-	-	65	3,831
	Other long-term
		financial liabilities (6)	-	-	1,066	1,066	-	-	6	1,072

			At December 31, 2019
			(millions of dollars)
			Fair Value
									Difference
						Total Gross	Effect of	Effect of	in Carrying	Net
						Assets	Counterparty	Collateral	Value and	Carrying
			Level 1	Level 2	Level 3	& Liabilities	Netting	Netting	Fair Value	Value
Assets
	Derivative assets (1)		533	102	-	635	(463)	(70)	-	102
	Advances to/receivables
		from equity companies (2)(7)	-	1,941	6,729	8,670	-	-	(128)	8,542
	Other long-term
		financial assets (3)	1,145	-	974	2,119	-	-	44	2,163
Liabilities
	Derivative liabilities (4)		568	70	-	638	(463)	(105)	-	70
	Long-term debt (5)		25,652	134	3	25,789	-	-	(1,117)	24,672
	Long-term obligations
		to equity companies (7)	-	-	4,245	4,245	-	-	(257)	3,988
	Other long-term
		financial liabilities (6)	-	-	1,042	1,042	-	-	16	1,058
(1)	Included in the Balance Sheet lines: Notes and accounts receivable - net and Other assets, including intangibles, net
(2)	Included in the Balance Sheet line: Investments, advances and long-term receivables
(3)	Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles, net
(4)	Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations
(5)	Excluding finance lease obligations
(6)	Included in the Balance Sheet line: Other long-term obligations
(7)	Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the company.

Long-Term Debt [Abstract]

Schedule Of Debt Instruments [Text Block]

		Carrying
Issuance Date	Description of Notes	Value
(millions of dollars)
March 2020
	2.992% notes due 2025	1,500
	3.294% notes due 2027	1,000
	3.482% notes due 2030	2,000
	4.227% notes due 2040	1,250
	4.327% notes due 2050	2,750
April 2020
	1.571% notes due 2023	2,750
	2.992% notes due 2025 (1)	1,314
	2.610% notes due 2030	2,000
	4.227% notes due 2040 (1)	842
	3.452% notes due 2051	2,750
June 2020 (2)
	0.142% notes due 2024	1,680
	0.524% notes due 2028	1,120
	0.835% notes due 2032	1,120
	1.408% notes due 2039	1,120
	Total	23,196

(1) Includes premiums of $156 million.(2) Euro-denominated.

Schedule Of Notional Amounts Of Outstanding Derivative Positions [Table Text Block]

	June 30,	Dec. 31,
	2020	2019
Crude oil (millions of barrels)	(32)	57
Petroleum products (millions of barrels)	(53)	(38)
Natural Gas (MMBTUs)	(351)	(165)

Derivative Instruments - Before-Tax Realized and Unrealized Gains / (Losses)

		Three Months Ended		Six Months Ended
		June 30,		June 30,
		2020	2019	2020	2019
		(millions of dollars)
Sales and other operating revenue		(251)	33	985	(242)
Crude oil and product purchases		(178)	33	(530)	15
	Total	(429)	66	455	(227)