Financial and Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Financial and Derivative Instruments [Abstract]

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

	Balance Sheet	At December 31		At December 31
Type of Contract	Classification	2011		2010
Commodity	Accounts and notes receivable, net	$	133	$	58
Commodity	Long-term receivables, net		75		64
Total Assets at Fair Value		$	208	$	122
Commodity	Accounts payable	$	36	$	131
Commodity	Deferred credits and other noncurrent obligations		66		40
Total Liabilities at Fair Value		$	102	$	171

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	2011			2010			2009
Foreign Exchange	Other income	$	–		$	–		$	26
Commodity	Sales and other operating revenues		(255	)		(98	)		(94	)
Commodity	Purchased crude oil and products		15			(36	)		(353	)
Commodity	Other income		(2	)		(1	)		–
		$	(242	)	$	(135	)	$	(421	)