Financial and Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Consolidated Balance Sheet: Fair Value of Derivatives not Designated as Hedging Instruments

Consolidated Balance Sheet: Fair Value of Derivatives Not Designated as Hedging Instruments

Type of	Balance Sheet	At December 31		At December 31
Contract	Classification	2013		2012
Commodity	Accounts and notes receivable, net	$	22	$	57
Commodity	Long-term receivables, net	6		29
Total Assets at Fair Value		$	28	$	86
Commodity	Accounts payable	$	65	$	112
Commodity	Deferred credits and other noncurrent obligations	24		37
Total Liabilities at Fair Value		$	89	$	149

Consolidated Statement of Income: The Effect of Derivatives not Designated as Hedging Instruments

Consolidated Statement of Income: The Effect of Derivatives Not Designated as Hedging Instruments

		Gain/(Loss)
Type of Derivative	Statement of	Year ended December 31
Contract	Income Classification	2013			2012			2011
Commodity	Sales and other operating revenues	$	(108	)	$	(49	)	$	(255	)
Commodity	Purchased crude oil and products	(77		)	(24		)	15
Commodity	Other income	(9		)	6			(2		)
		$	(194	)	$	(67	)	$	(242	)

Consolidated Balance Sheet: The Effect of Netting Derivative Assets and Liabilities

The table below represents gross and net derivative assets and liabilities subject to netting agreements on the Consolidated Balance Sheet at December 31, 2013 and December 31, 2012.

Consolidated Balance Sheet: The Effect of Netting Derivative Assets and Liabilities

	Gross Amount Recognized		Gross Amounts Offset		Net Amounts Presented		Gross Amounts Not Offset		Net Amount
At December 31, 2013
Derivative Assets	$	732	$	704	$	28	$	27	$	1
Derivative Liabilities	$	793	$	704	$	89	$	—	$	89
At December 31, 2012
Derivative Assets	$	749	$	663	$	86	$	64	$	22
Derivative Liabilities	$	812	$	663	$	149	$	5	$	144