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Financial Risk Management Activities (Tables)
 12 Months Ended
Dec. 31, 2021
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:
 December 31, 2021December 31, 2020
 (In millions)
Commodity - crude oil hedge contracts (millions of barrels)54.8 27.4 
Foreign exchange forwards$145 $163 
Interest rate swaps$100 $100 
Gross & Net Fair Values of Financial Risk Management Derivative Instruments
The table below reflects the gross and net fair values of risk management derivative instruments:
 AssetsLiabilities
 (In millions)
December 31, 2021  
Derivative Contracts Designated as Hedging Instruments:  
Crude oil collars$155 $— 
Interest rate swaps2 — 
Total derivative contracts designated as hedging instruments157 — 
Derivative Contracts Not Designated as Hedging Instruments:
Foreign exchange forwards— (1)
Total derivative contracts not designated as hedging instruments— (1)
Gross fair value of derivative contracts157 (1)
Gross amount offset in the Consolidated Balance Sheet— — 
Net Amounts Presented in the Consolidated Balance Sheet$157 $(1)
December 31, 2020
Derivative Contracts Designated as Hedging Instruments:
Crude oil put options$64 $— 
Crude oil swaps— (54)
Interest rate swaps5 — 
Total derivative contracts designated as hedging instruments69 (54)
Derivative Contracts Not Designated as Hedging Instruments:
Foreign exchange forwards— (1)
Total derivative contracts not designated as hedging instruments— (1)
Gross fair value of derivative contracts69 (55)
Gross amount offset in the Consolidated Balance Sheet(13)13 
Net Amounts Presented in the Consolidated Balance Sheet$56 $(42)