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Fair value by balance sheet grouping table (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The carrying amount and fair value of our total debt is as follows:
March 31, 2025
December 31, 2024
Millions of dollars
Level 1
Level 2
Total fair
value
Carrying
value
Level 1
Level 2
Total fair
value
Carrying
value
Total debt
$7,051
$353
$7,404
$7,541
$4,503
$2,825
$7,328
$7,541