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Financial Risk Management Activities (Tables)
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amounts of Outstanding Financial Risk Management Derivative Contracts
The notional amounts of outstanding financial risk management derivative contracts were as follows:
 June 30,
2020		December 31,
2019
 (In millions)
Commodity - crude oil put options (millions of barrels)27.6  54.9  
Foreign exchange forwards$74  $90  
Interest rate swaps$100  $100  
Gross and Net Fair Values of Financial Risk Management Derivative Instruments
The table below reflects the gross and net fair values of risk management derivative instruments and their respective financial statement caption in the Consolidated Balance Sheet:
 AssetsLiabilities
 (In millions)
June 30, 2020  
Derivative Contracts Designated as Hedging Instruments:  
Crude oil derivative contracts$450  $—  
Interest rate swaps - Other assets (noncurrent)6  —  
Total derivative contracts designated as hedging instruments456  —  
Derivative Contracts Not Designated as Hedging Instruments:
Foreign exchange forwards - Accounts receivable - Joint venture and other
2  —  
Total derivative contracts not designated as hedging instruments2  —  
Gross fair value of derivative contracts458  —  
Master netting arrangements—  —  
Net Fair Value of Derivative Contracts$458  $—  
December 31, 2019
Derivative Contracts Designated as Hedging Instruments:
Crude oil derivative contracts$125  $—  
Interest rate swaps - Other assets (noncurrent)1  —  
Total derivative contracts designated as hedging instruments126  —  
Derivative Contracts Not Designated as Hedging Instruments:
Foreign exchange forwards - Accounts payable
—  (1) 
Total derivative contracts not designated as hedging instruments—  (1) 
Gross fair value of derivative contracts126  (1) 
Master netting arrangements—  —  
Net Fair Value of Derivative Contracts$126  $(1)