v3.25.4
Segment Disclosures and Related Information - Schedule of Analysis by Segment (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues and Other Income      
Total sales and other operating revenues $ 132,376 $ 143,153 $ 147,399
Equity in earnings of affiliates 762 1,779 2,017
Net gain on dispositions 2,984 321 115
Other income 438 243 359
Total Revenues and Other Income 136,560 145,496 149,890
Costs and Expenses      
Purchased crude oil and products 116,093 129,962 128,086
Operating expenses 6,423 5,939 6,154
Selling, general and administrative expenses 2,437 2,814 2,525
Depreciation and amortization 3,251 2,363 1,977
Impairments 1,060 456 24
Taxes other than income taxes 791 329 707
Interest and debt expense 1,039 907 897
Other segment items 46 51 51
Total Costs and Expenses 131,140 142,821 140,421
Income before income taxes 5,420 2,675 9,469
Interest Income 141 158 269
Investments In and Advances to Affiliates 11,428 14,017 14,736
Total Assets 73,680 72,582 75,501
Capital Expenditures and Investments 2,233 1,859 2,155
Midstream      
Revenues and Other Income      
Total sales and other operating revenues 18,577 16,012 15,780
Costs and Expenses      
Impairments 79 346  
Chemicals      
Revenues and Other Income      
Total sales and other operating revenues 0 0 0
Refining      
Revenues and Other Income      
Total sales and other operating revenues $ 26,872 34,793 34,241
Costs and Expenses      
Impairments   106  
Refining | WRB Refining LP      
Costs and Expenses      
Ownership percentage, divested 100.00%    
M&S      
Revenues and Other Income      
Total sales and other operating revenues $ 83,740 90,318 95,931
Renewable Fuels      
Revenues and Other Income      
Total sales and other operating revenues 3,150 1,995 1,412
Operating Segments | Midstream      
Revenues and Other Income      
Total sales and other operating revenues 21,175 18,787 18,604
Equity in earnings of affiliates 399 591 648
Net gain on dispositions 58 263 130
Other income 24 11 5
Total Revenues and Other Income 21,656 19,652 19,387
Costs and Expenses      
Purchased crude oil and products 15,224 13,429 13,126
Operating expenses 2,021 1,876 1,844
Selling, general and administrative expenses 217 213 441
Depreciation and amortization 1,030 920 923
Impairments 79 346 3
Taxes other than income taxes 261 216 229
Interest and debt expense 0 0 0
Other segment items 7 14 2
Total Costs and Expenses 18,839 17,014 16,568
Income before income taxes 2,817 2,638 2,819
Interest Income 0 0 0
Investments In and Advances to Affiliates 2,117 3,080 3,749
Total Assets 30,172 28,334 29,052
Capital Expenditures and Investments 1,231 751 625
Operating Segments | Chemicals      
Revenues and Other Income      
Total sales and other operating revenues 0 0 0
Equity in earnings of affiliates 297 863 586
Net gain on dispositions 0 0 0
Other income 0 0 0
Total Revenues and Other Income 297 863 586
Costs and Expenses      
Purchased crude oil and products 0 0 0
Operating expenses 7 (3) (3)
Selling, general and administrative expenses (7) (10) (11)
Depreciation and amortization 0 0 0
Impairments 0 0 0
Taxes other than income taxes 0 0 0
Interest and debt expense 0 0 0
Other segment items 0 0 0
Total Costs and Expenses 0 (13) (14)
Income before income taxes 297 876 600
Interest Income 0 0 0
Investments In and Advances to Affiliates 7,899 7,819 7,341
Total Assets 7,899 7,842 7,357
Capital Expenditures and Investments 0 0 0
Operating Segments | Refining      
Revenues and Other Income      
Total sales and other operating revenues 74,899 84,964 92,226
Equity in earnings of affiliates (79) 50 439
Net gain on dispositions 3 (8) (13)
Other income 40 3 86
Total Revenues and Other Income 74,863 85,009 92,738
Costs and Expenses      
Purchased crude oil and products 67,766 79,850 81,726
Operating expenses 4,060 3,727 4,245
Selling, general and administrative expenses 170 209 169
Depreciation and amortization 1,820 1,077 831
Impairments 955 106 10
Taxes other than income taxes 357 387 382
Interest and debt expense 0 0 0
Other segment items 9 18 35
Total Costs and Expenses 75,137 85,374 87,398
Income before income taxes (274) (365) 5,340
Interest Income 0 0 0
Investments In and Advances to Affiliates 65 2,381 2,802
Total Assets 19,435 19,599 21,013
Capital Expenditures and Investments 776 582 586
Operating Segments | M&S      
Revenues and Other Income      
Total sales and other operating revenues 85,897 92,447 98,931
Equity in earnings of affiliates 146 276 345
Net gain on dispositions 2,923 66 3
Other income 16 42 (11)
Total Revenues and Other Income 88,982 92,831 99,268
Costs and Expenses      
Purchased crude oil and products 82,714 89,572 95,808
Operating expenses 73 70 57
Selling, general and administrative expenses 1,592 1,932 1,336
Depreciation and amortization 97 179 122
Impairments 1 3 3
Taxes other than income taxes (1) 59 40
Interest and debt expense 0 0 0
Other segment items 6 5 5
Total Costs and Expenses 84,482 91,820 97,371
Income before income taxes 4,500 1,011 1,897
Interest Income 0 0 0
Investments In and Advances to Affiliates 1,330 719 824
Total Assets 10,059 9,799 10,834
Capital Expenditures and Investments 118 85 101
Operating Segments | Renewable Fuels      
Revenues and Other Income      
Total sales and other operating revenues 6,178 5,562 4,946
Equity in earnings of affiliates (1) (1) (1)
Net gain on dispositions 0 0 (3)
Other income 204 10 8
Total Revenues and Other Income 6,381 5,571 4,950
Costs and Expenses      
Purchased crude oil and products 6,097 5,664 4,667
Operating expenses 365 370 98
Selling, general and administrative expenses 66 51 8
Depreciation and amortization 95 64 8
Impairments 0 0 0
Taxes other than income taxes 132 (382) 12
Interest and debt expense 0 0 0
Other segment items 6 2 4
Total Costs and Expenses 6,761 5,769 4,797
Income before income taxes (380) (198) 153
Interest Income 0 0 0
Investments In and Advances to Affiliates 15 16 18
Total Assets 3,197 3,142 2,012
Capital Expenditures and Investments 56 375 753
Corporate and Other      
Revenues and Other Income      
Total sales and other operating revenues 37 35 35
Equity in earnings of affiliates 0 0 0
Net gain on dispositions 0 0 (2)
Other income 154 186 259
Total Revenues and Other Income 201 236 305
Costs and Expenses      
Purchased crude oil and products 1 0 0
Operating expenses 8 12 16
Selling, general and administrative expenses 399 419 582
Depreciation and amortization 209 123 93
Impairments 25 1 8
Taxes other than income taxes 42 49 44
Interest and debt expense 1,039 907 897
Other segment items 18 12 5
Total Costs and Expenses 1,741 1,523 1,645
Income before income taxes (1,540) (1,287) (1,340)
Interest Income 141 158 269
Investments In and Advances to Affiliates 2 2 2
Total Assets 2,918 3,866 5,233
Capital Expenditures and Investments 52 66 90
Intercompany revenues      
Revenues and Other Income      
Total sales and other operating revenues 10 15 13
Intercompany revenues | Midstream      
Revenues and Other Income      
Total sales and other operating revenues 2,598 2,775 2,824
Intercompany revenues | Chemicals      
Revenues and Other Income      
Total sales and other operating revenues 0 0 0
Intercompany revenues | Refining      
Revenues and Other Income      
Total sales and other operating revenues 48,027 50,171 57,985
Intercompany revenues | M&S      
Revenues and Other Income      
Total sales and other operating revenues 2,157 2,129 3,000
Intercompany revenues | Renewable Fuels      
Revenues and Other Income      
Total sales and other operating revenues 3,028 3,567 3,534
Corporate And Other Eliminations      
Revenues and Other Income      
Total sales and other operating revenues 47 50 48
Consolidating Adjustments excluding Corporate      
Revenues and Other Income      
Total sales and other operating revenues 0 0 0
Corporate Reconciling Items And Eliminations      
Revenues and Other Income      
Total sales and other operating revenues (55,820) (58,657) (67,356)
Consolidating Adjustments      
Revenues and Other Income      
Total sales and other operating revenues (55,820) (58,657) (67,356)
Equity in earnings of affiliates 0 0 0
Net gain on dispositions 0 0 0
Other income 0 (9) 12
Total Revenues and Other Income (55,820) (58,666) (67,344)
Costs and Expenses      
Purchased crude oil and products (55,709) (58,553) (67,241)
Operating expenses (111) (113) (103)
Selling, general and administrative expenses 0 0 0
Depreciation and amortization 0 0 0
Impairments 0 0 0
Taxes other than income taxes 0 0 0
Interest and debt expense 0 0 0
Other segment items 0 0 0
Total Costs and Expenses (55,820) (58,666) (67,344)
Income before income taxes $ 0 $ 0 $ 0