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Inventories (Tables)

3 Months Ended

Mar. 31, 2020

Inventory, Net [Abstract]

Inventory Components

Inventories consist of the following components:



		March 31, 2020				December 31, 2019
		(In thousands)
Crude oil		$	522,994			$	489,169
Other raw materials and unfinished products⁽¹⁾		343,495				394,045
Finished products⁽²⁾		696,992				639,938
Lower of cost or market reserve		(800,827		)		(240,363		)
Process chemicals⁽³⁾		39,117				36,786
Repair and maintenance supplies and other ⁽⁴⁾		141,864				154,627
Total inventory		$	943,635			$	1,474,202


(1)	Other raw materials and unfinished products include feedstocks and blendstocks, other than crude.


(2)	Finished products include gasolines, jet fuels, diesels, lubricants, asphalts, LPG’s and residual fuels.


(3)	Process chemicals include additives and other chemicals.

(4)

Includes RINs.