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35213000000 0 29849000000 <div id="TextBlockContainer480" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:842px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29829" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 1—Accounting Policies </div><div id="a29833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:30.1px;">■</div><div id="a29834" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:29.9px;"> </div><div id="a29835" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:41.8px;"> </div><div id="div_470_XBRL_TS_49312e9577c24a89aa77dd46be0576e1" style="position:absolute;left:28.8px;top:30.1px;float:left;"><div id="TextBlockContainer471" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:606px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29836" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.013px;top:0px;">Consolidation Principles and Investments</div><div id="a29838" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.688px;top:0px;">—Our consolidated financial statements<div style="display:inline-block;width:2.09px"> </div>include the accounts </div><div id="a29840" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">of majority-owned, controlled subsidiaries<div style="display:inline-block;width:2.13px"> </div>and variable interest entities where we are the primary </div><div id="a29843" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">beneficiary.<div style="display:inline-block;width:7.68px"> </div>The equity method is used to account for<div style="display:inline-block;width:2.17px"> </div>investments in affiliates in which we have the </div><div id="a29845" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">ability to exert significant influence over the affiliates’<div style="display:inline-block;width:2.01px"> </div>operating and financial policies.<div style="display:inline-block;width:6.09px"> </div>When we do not </div><div id="a29846" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">have the ability to exert significant influence,<div style="display:inline-block;width:2.14px"> </div>the investment is measured at fair value<div style="display:inline-block;width:2.18px"> </div>except when the </div><div id="a29848" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">investment does not have a readily determinable<div style="display:inline-block;width:2.12px"> </div>fair value.<div style="display:inline-block;width:6.61px"> </div>For those exceptions, it will be measured<div style="display:inline-block;width:2.18px"> </div>at </div><div id="a29849" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">cost minus impairment, plus or minus observable<div style="display:inline-block;width:2.1px"> </div>price changes in orderly transactions for an identical<div style="display:inline-block;width:1.95px"> </div>or </div><div id="a29850" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">similar investment of the same issuer.<div style="display:inline-block;width:6.61px"> </div>Undivided interests in oil and gas joint ventures,<div style="display:inline-block;width:1.93px"> </div>pipelines, natural </div><div id="a29853" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">gas plants and terminals are consolidated on a proportionate<div style="display:inline-block;width:1.7px"> </div>basis.<div style="display:inline-block;width:6.88px"> </div>Other securities and investments are </div><div id="a29854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">generally carried at cost. </div><div id="a29856" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.1px;">We manage our operations through six operating segments, defined by geographic<div style="display:inline-block;width:2.13px"> </div>region: Alaska; Lower </div><div id="a29864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:191.1px;">48; Canada;<div style="display:inline-block;width:3.23px"> </div>Europe,<div style="display:inline-block;width:3.34px"> </div>Middle East and North Africa; Asia Pacific;<div style="display:inline-block;width:1.93px"> </div>and Other International.<div style="display:inline-block;width:6.4px"> </div>For additional </div><div id="a29880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.2px;">information, see Note 24—Segment Disclosures<div style="display:inline-block;width:2.05px"> </div>and Related Information. </div><div id="a29886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:223.4px;"> </div><div id="a29887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:239.4px;">The unrealized (gain) loss on investment in Cenovus<div style="display:inline-block;width:1.93px"> </div>Energy included on our consolidated statement of </div><div id="a29888" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:255.6px;">cash flows, previously reflected on the line item<div style="display:inline-block;width:2.07px"> </div>“Other” within net cash provided by operating<div style="display:inline-block;width:2.02px"> </div>activities, </div><div id="a29889" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:271.6px;">has been reclassified in the comparative periods<div style="display:inline-block;width:2.11px"> </div>to conform with the current period’s presentation.</div></div></div><div id="a29889_99_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:583.995px;top:301.6px;"><div style="display:inline-block;width:7.04px"> </div></div><div id="a29896" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:317.8px;"> </div><div id="a29897" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:334px;">■</div><div id="a29898" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:333.8px;"> </div><div id="a29899" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:345.6px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_472_XBRL_TS_c1ece48ae10d40ffa5391da7e5679213" style="position:absolute;left:28.8px;top:334px;float:left;"><div id="TextBlockContainer473" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:594px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29900" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Foreign Currency Translation</div><div id="a29901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:186.648px;top:0px;">—Adjustments resulting from the process of translating<div style="display:inline-block;width:1.9px"> </div>foreign </div><div id="a29903" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">functional currency financial statements into<div style="display:inline-block;width:2.12px"> </div>U.S. dollars are included in accumulated other </div><div id="a29904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">comprehensive loss in common stockholders’ equity.<div style="display:inline-block;width:6.34px"> </div>Foreign currency transaction gains and losses<div style="display:inline-block;width:2.13px"> </div>are </div><div id="a29905" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">included in current earnings.<div style="display:inline-block;width:6.12px"> </div>Some of our foreign operations use their local currency<div style="display:inline-block;width:1.9px"> </div>as the functional </div><div id="a29906" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">currency.</div></div></div><div id="a29906_9_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:85.968px;top:398.3px;"> </div><div id="a29908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:428.4px;">■</div><div id="a29909" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:428.3px;"> </div><div id="a29910" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:440.1px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_474_XBRL_TS_fde6ac8af8a84ef2967078a50d85f0b1" style="position:absolute;left:28.8px;top:428.4px;float:left;"><div id="TextBlockContainer475" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29911" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Use of Estimates</div><div id="a29912" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:104.208px;top:0px;">—The preparation of financial statements<div style="display:inline-block;width:2.11px"> </div>in conformity with accounting principles </div><div id="a29915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">generally accepted in the U.S. requires management<div style="display:inline-block;width:1.99px"> </div>to make estimates and assumptions that<div style="display:inline-block;width:2.14px"> </div>affect the </div><div id="a29916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">reported amounts of assets, liabilities,<div style="display:inline-block;width:2.16px"> </div>revenues and expenses, and the disclosures of contingent<div style="display:inline-block;width:2.05px"> </div>assets and </div><div id="a29918" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">liabilities.<div style="display:inline-block;width:6.64px"> </div>Actual results could differ from these estimates.</div></div></div><div id="a29918_63_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:364.755px;top:476.7px;"> </div><div id="a29920" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:506.8px;">■</div><div id="a29921" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:506.7px;"> </div><div id="a29922" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:518.5px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_476_XBRL_TS_75049b25de1540f19aaad04fb881f33f" style="position:absolute;left:28.8px;top:506.8px;float:left;"><div id="TextBlockContainer477" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29923" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Revenue Recognition</div><div id="a29924" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:131.888px;top:0px;">—Revenues associated with the sales of crude<div style="display:inline-block;width:2.04px"> </div>oil, bitumen, natural gas, LNG, </div><div id="a29926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">NGLs and other items are recognized at the point<div style="display:inline-block;width:2.09px"> </div>in time when the customer obtains control<div style="display:inline-block;width:2.14px"> </div>of the asset.<div style="display:inline-block;width:3.22px"> </div></div><div id="a29928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">In evaluating when a customer has control of the<div style="display:inline-block;width:2.17px"> </div>asset, we primarily consider whether<div style="display:inline-block;width:2.13px"> </div>the transfer of legal </div><div id="a29929" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">title and physical delivery has occurred, whether<div style="display:inline-block;width:2.08px"> </div>the customer has significant risks and rewards<div style="display:inline-block;width:2.13px"> </div>of </div><div id="a29930" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">ownership, and whether the customer has accepted<div style="display:inline-block;width:2.04px"> </div>delivery and a right to payment exists.<div style="display:inline-block;width:5.67px"> </div>These products </div><div id="a29932" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">are typically sold at prevailing market prices.<div style="display:inline-block;width:5.8px"> </div>We allocate variable market-based consideration to </div><div id="a29935" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">deliveries (performance obligations) in the<div style="display:inline-block;width:2.19px"> </div>current period as that consideration relates<div style="display:inline-block;width:2.15px"> </div>specifically to our </div><div id="a29937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">efforts to transfer control of current period deliveries to the<div style="display:inline-block;width:1.95px"> </div>customer and represents the amount we </div><div id="a29938" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">expect to be entitled to in exchange for the related<div style="display:inline-block;width:1.97px"> </div>products.<div style="display:inline-block;width:6.55px"> </div></div><div id="a29938_64_43" style="position:absolute;font-family:'Times New Roman';left:347.094px;top:128.8px;">Payment is typically due within 30 days or </div><div id="a29939" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:145px;">less.</div><div id="a29939_5_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.173px;top:145px;"><div style="display:inline-block;width:7.03px"> </div></div><div id="a29941" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.1px;">Revenues associated with transactions commonly<div style="display:inline-block;width:2.09px"> </div>called buy/sell contracts, in which the<div style="display:inline-block;width:2.18px"> </div>purchase and sale </div><div id="a29943" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:191.1px;">of inventory with the same counterparty are entered<div style="display:inline-block;width:2.02px"> </div>into “in contemplation” of one another, are combined </div><div id="a29944" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.2px;">and reported net (i.e., on the same income statement<div style="display:inline-block;width:1.94px"> </div>line).</div></div></div><div id="a29944_59_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:358.195px;top:714px;"> </div><div id="a29947" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:744.1px;">■</div><div id="a29948" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:744px;"> </div><div id="a29949" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:755.8px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_478_XBRL_TS_008fe892812a4f318898739c6581fd28" style="position:absolute;left:28.8px;top:744.1px;float:left;"><div id="TextBlockContainer479" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:605px;height:97px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29950" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Shipping and Handling Costs</div><div id="a29951" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.888px;top:0px;">—We typically incur shipping and handling costs prior to control </div><div id="a29955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">transferring to the customer and account for these<div style="display:inline-block;width:2.06px"> </div>activities as fulfillment costs.<div style="display:inline-block;width:5.87px"> </div>Accordingly, we include </div><div id="a29956" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">shipping and handling costs in production and operating<div style="display:inline-block;width:1.91px"> </div>expenses for production activities.<div style="display:inline-block;width:2.21px"> </div></div><div id="a29959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">Transportation costs related to marketing activities are recorded<div style="display:inline-block;width:2.17px"> </div>in purchased commodities.<div style="display:inline-block;width:5.95px"> </div>Freight costs </div><div id="a29960" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">billed to customers are treated as a component of the<div style="display:inline-block;width:1.97px"> </div>transaction price and recorded as a component<div style="display:inline-block;width:2.15px"> </div>of </div><div id="a29962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.6px;">revenue when the customer obtains control.</div></div></div><div id="a29962_42_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:277.814px;top:824.7px;"><div style="display:inline-block;width:3.39px"> </div></div></div><div id="TextBlockContainer496" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:884px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29967" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">■</div><div id="a29968" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:-0.1px;"> </div><div id="a29969" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:11.7px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_482_XBRL_TS_c1e771b8b92e40d997958f7b535206ea" style="position:absolute;left:28.8px;top:0px;float:left;"><div id="TextBlockContainer483" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:591px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29970" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Cash Equivalents</div><div id="a29971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:110.128px;top:0px;">—Cash equivalents are highly liquid,<div style="display:inline-block;width:2.17px"> </div>short-term investments that are readily </div><div id="a29975" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">convertible to known amounts of cash and have<div style="display:inline-block;width:2.1px"> </div>original maturities of 90 days or less from<div style="display:inline-block;width:2.14px"> </div>their date of </div><div id="a29976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">purchase.<div style="display:inline-block;width:6.76px"> </div>They are carried at cost plus accrued interest,<div style="display:inline-block;width:2.08px"> </div>which approximates fair value.</div></div></div><div id="a29976_89_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.214px;top:32.2px;"><div style="display:inline-block;width:6.98px"> </div></div><div id="a29978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.3px;">■</div><div id="a29979" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:62.1px;"> </div><div id="a29980" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:73.9px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_484_XBRL_TS_368f9440be7f4fc695b9992cc40d904b" style="position:absolute;left:28.8px;top:62.3px;float:left;"><div id="TextBlockContainer485" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:596px;height:97px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29981" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Short-Term Investments</div><div id="a29984" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:152.888px;top:0px;">—Short-term investments include investments<div style="display:inline-block;width:2.07px"> </div>in bank time deposits and </div><div id="a29988" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">marketable securities (commercial paper and government<div style="display:inline-block;width:1.66px"> </div>obligations) which are carried at cost plus </div><div id="a29990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">accrued interest and have original maturities<div style="display:inline-block;width:2.02px"> </div>of greater than 90 days but within one year or<div style="display:inline-block;width:2.16px"> </div>when the </div><div id="a29991" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">remaining maturities are within one year.<div style="display:inline-block;width:6.62px"> </div>We also invest in financial instruments classified as available </div><div id="a29992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">for sale debt securities which are carried at fair<div style="display:inline-block;width:2.14px"> </div>value. Those instruments are included in short-term </div><div id="a29996" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">investments when they have remaining maturities<div style="display:inline-block;width:1.87px"> </div>within one year as of the balance sheet date.</div></div></div><div id="a29996_93_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:561.974px;top:142.7px;"><div style="display:inline-block;width:45.54px"> </div></div><div id="a29999" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:172.8px;">■</div><div id="a30000" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:172.7px;"> </div><div id="a30001" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:184.5px;"> </div><div id="div_486_XBRL_TS_37d357de8d7541af9253ff13afd44110" style="position:absolute;left:28.8px;top:172.8px;float:left;"><div id="TextBlockContainer487" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30002" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.013px;top:0px;">Long-Term Investments in Debt Securities</div><div id="a30005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:259.448px;top:0px;">—Long-term investments in debt securities<div style="display:inline-block;width:2.08px"> </div>includes </div><div id="a30010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">financial instruments classified as available for sale<div style="display:inline-block;width:2.06px"> </div>debt securities with remaining maturities<div style="display:inline-block;width:1.77px"> </div>greater than </div><div id="a30011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">one year as of the balance sheet date.<div style="display:inline-block;width:5.97px"> </div>They are carried at fair value and presented<div style="display:inline-block;width:1.94px"> </div>within the “Investments </div><div id="a30012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">and long-term receivables” line of our consolidated<div style="display:inline-block;width:2.04px"> </div>balance sheet.</div></div></div><div id="a30012_66_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.248px;top:221.1px;"><div style="display:inline-block;width:52.39px"> </div></div><div id="a30017" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:251.3px;">■</div><div id="a30018" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:251.1px;"> </div><div id="a30019" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:262.9px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_488_XBRL_TS_7cc1e3dd336142fdb09c4aa4585b6a21" style="position:absolute;left:28.8px;top:251.3px;float:left;"><div id="TextBlockContainer489" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30020" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Inventories</div><div id="a30021" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:73.168px;top:0px;">—We have several valuation methods for our various types of inventories<div style="display:inline-block;width:2.07px"> </div>and consistently </div><div id="a30023" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">use the following methods for each type of inventory.<div style="display:inline-block;width:6.34px"> </div>The majority of our commodity-related inventories </div><div id="a30027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">are recorded at cost using the LIFO basis.<div style="display:inline-block;width:5.72px"> </div>We measure these inventories at the lower-of-cost-or-market in </div><div id="a30036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">the aggregate.<div style="display:inline-block;width:6.64px"> </div>Any necessary lower-of-cost-or-market write-downs at year<div style="display:inline-block;width:2.11px"> </div>end are recorded as </div><div id="a30047" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">permanent adjustments to the LIFO cost basis.<div style="display:inline-block;width:5.63px"> </div>LIFO is used to better match current inventory<div style="display:inline-block;width:2.12px"> </div>costs with </div><div id="a30049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">current revenues.<div style="display:inline-block;width:6.58px"> </div>Costs include both direct and indirect expenditures<div style="display:inline-block;width:1.94px"> </div>incurred in bringing an item or </div><div id="a30050" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">product to its existing condition and location,<div style="display:inline-block;width:2.08px"> </div>but not unusual/nonrecurring costs or research<div style="display:inline-block;width:2.14px"> </div>and </div><div id="a30052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">development costs.<div style="display:inline-block;width:6.48px"> </div>Materials, supplies and other miscellaneous inventories,<div style="display:inline-block;width:1.73px"> </div>such as tubular goods and </div><div id="a30053" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">well equipment, are valued using various methods,<div style="display:inline-block;width:2.09px"> </div>including the weighted-average-cost<div style="display:inline-block;width:2.13px"> </div>method, and the </div><div id="a30058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">FIFO method, consistent with industry practice.</div></div></div><div id="a30058_47_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:301.368px;top:396.2px;"> </div><div id="a30061" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:426.3px;">■</div><div id="a30062" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:426.2px;"> </div><div id="a30063" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:438px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_490_XBRL_TS_9d918ccfd5c34fd9ac7c043412ebc08b" style="position:absolute;left:28.8px;top:426.3px;float:left;"><div id="TextBlockContainer491" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30064" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Fair Value Measurements</div><div id="a30065" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:160.888px;top:0px;">—Assets and liabilities measured at fair value<div style="display:inline-block;width:2.15px"> </div>and required to be categorized </div><div id="a30068" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">within the fair value hierarchy are categorized into<div style="display:inline-block;width:2.06px"> </div>one of three different levels depending on the </div><div id="a30069" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">observability of the inputs employed in the measurement.<div style="display:inline-block;width:5.2px"> </div>Level 1 inputs are quoted prices in active </div><div id="a30070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">markets for identical assets or liabilities.<div style="display:inline-block;width:5.72px"> </div>Level 2 inputs are observable inputs other than<div style="display:inline-block;width:2.16px"> </div>quoted prices </div><div id="a30072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">included within Level 1 for the asset or liability, either directly or indirectly<div style="display:inline-block;width:2.02px"> </div>through market-corroborated </div><div id="a30075" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">inputs.<div style="display:inline-block;width:6.86px"> </div>Level 3 inputs are unobservable inputs for<div style="display:inline-block;width:2.11px"> </div>the asset or liability reflecting significant<div style="display:inline-block;width:2.11px"> </div>modifications </div><div id="a30077" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">to observable related market data or our assumptions<div style="display:inline-block;width:1.98px"> </div>about pricing by market participants.</div></div></div><div id="a30077_90_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.515px;top:523px;"> </div><div id="a30079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:553.1px;">■</div><div id="a30080" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:552.9px;"> </div><div id="a30081" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:564.7px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_492_XBRL_TS_f5fdc8d897284f82ae9e78381d8c1d47" style="position:absolute;left:28.8px;top:553.1px;float:left;"><div id="TextBlockContainer493" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:607px;height:127px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30082" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Derivative Instruments</div><div id="a30083" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:144.248px;top:0px;">—Derivative instruments are recorded on the balance<div style="display:inline-block;width:2.01px"> </div>sheet at fair value.<div style="display:inline-block;width:6.4px"> </div>If the </div><div id="a30085" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">right of offset exists and certain other criteria are met,<div style="display:inline-block;width:2.16px"> </div>derivative assets and liabilities with the same </div><div id="a30088" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">counterparty are netted on the balance sheet and the<div style="display:inline-block;width:1.97px"> </div>collateral payable or receivable is netted<div style="display:inline-block;width:2.16px"> </div>against </div><div id="a30089" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">derivative assets and derivative liabilities,<div style="display:inline-block;width:2px"> </div>respectively. </div><div id="a30092" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:78.4px;">Recognition and classification of the gain or loss<div style="display:inline-block;width:2.07px"> </div>that results from recording and adjusting<div style="display:inline-block;width:2.14px"> </div>a derivative to </div><div id="a30093" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:94.4px;">fair value depends on the purpose for issuing or<div style="display:inline-block;width:2.17px"> </div>holding the derivative.<div style="display:inline-block;width:6.04px"> </div>Gains and losses from derivatives </div><div id="a30094" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:110.6px;">not accounted for as hedges are recognized immediately<div style="display:inline-block;width:1.81px"> </div>in earnings.</div></div></div><div id="a30094_67_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:417.048px;top:663.6px;"><div style="display:inline-block;width:6.91px"> </div>We do not apply hedge accounting </div><div id="a30097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:679.8px;">on our derivative instruments. </div><div id="a30099" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:709.9px;">■</div><div id="a30100" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:709.8px;"> </div><div id="a30101" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:721.6px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_494_XBRL_TS_394feef8715d4ca7b29fc5f0697202e3" style="position:absolute;left:28.8px;top:709.9px;float:left;"><div id="TextBlockContainer495" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:600px;height:173px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30102" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Oil and Gas Exploration and Development</div><div id="a30103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:260.248px;top:0px;">—Oil and gas exploration and development<div style="display:inline-block;width:1.89px"> </div>costs are </div><div id="a30105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">accounted for using the successful efforts method of<div style="display:inline-block;width:2.16px"> </div>accounting. </div><div id="a30108" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:23.888px;top:46.1px;">Property Acquisition Costs</div><div id="a30109" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:185.688px;top:46.1px;">—Oil and gas leasehold acquisition costs are<div style="display:inline-block;width:2.13px"> </div>capitalized and included in </div><div id="a30111" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:62.2px;">the balance sheet caption PP&amp;E.<div style="display:inline-block;width:6.06px"> </div>Leasehold impairment is recognized based<div style="display:inline-block;width:2.19px"> </div>on exploratory </div><div id="a30112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:78.4px;">experience and management’s judgment.<div style="display:inline-block;width:6.43px"> </div>Upon achievement of all conditions necessary for reserves </div><div id="a30114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:94.6px;">to be classified as proved, the associated leasehold<div style="display:inline-block;width:1.93px"> </div>costs are reclassified to proved properties. </div><div id="a30116" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:23.888px;top:124.5px;">Exploratory Costs</div><div id="a30117" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:133.328px;top:124.5px;">—Geological and geophysical costs and the<div style="display:inline-block;width:2.12px"> </div>costs of carrying and retaining </div><div id="a30119" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:140.6px;">undeveloped properties are expensed as incurred.<div style="display:inline-block;width:5.51px"> </div>Exploratory well costs are capitalized, or </div><div id="a30121" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:156.6px;">“suspended,” on the balance sheet pending further<div style="display:inline-block;width:1.97px"> </div>evaluation of whether economically recoverable </div></div></div></div><div id="TextBlockContainer505" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:887px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30125" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:0px;">reserves have been found.<div style="display:inline-block;width:6.27px"> </div>If economically recoverable reserves are not found,<div style="display:inline-block;width:2.01px"> </div>exploratory well costs </div><div id="a30126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:16px;">are expensed as dry holes.<div style="display:inline-block;width:6.37px"> </div>If exploratory wells encounter potentially<div style="display:inline-block;width:2.04px"> </div>economic quantities of oil and </div><div id="a30127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:32.2px;">gas, the well costs remain capitalized on the balance<div style="display:inline-block;width:1.93px"> </div>sheet as long as sufficient progress assessing the </div><div id="a30128" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:48.2px;">reserves and the economic and operating viability<div style="display:inline-block;width:1.86px"> </div>of the project is being made.<div style="display:inline-block;width:6.26px"> </div>For complex </div><div id="a30131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:64.3px;">exploratory discoveries, it is not unusual to<div style="display:inline-block;width:2.12px"> </div>have exploratory wells remain suspended<div style="display:inline-block;width:2.17px"> </div>on the balance </div><div id="a30132" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:80.5px;">sheet for several years while we perform additional<div style="display:inline-block;width:1.97px"> </div>appraisal drilling and seismic work on the </div><div id="a30133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:96.5px;">potential oil and gas field or while we seek government<div style="display:inline-block;width:1.83px"> </div>or co-venturer approval of development plans </div><div id="a30137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:112.7px;">or seek environmental permitting.<div style="display:inline-block;width:5.99px"> </div>Once all required approvals and permits have been<div style="display:inline-block;width:1.89px"> </div>obtained, the </div><div id="a30138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:128.8px;">projects are moved into the development phase,<div style="display:inline-block;width:2.11px"> </div>and the oil and gas resources are designated<div style="display:inline-block;width:2.17px"> </div>as proved </div><div id="a30140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:145px;">reserves. </div><div id="a30142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:174.9px;">Management reviews suspended well balances quarterly, continuously monitors<div style="display:inline-block;width:1.99px"> </div>the results of the </div><div id="a30143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:191.1px;">additional appraisal drilling and seismic work,<div style="display:inline-block;width:2.16px"> </div>and expenses the suspended well costs<div style="display:inline-block;width:2.02px"> </div>as dry holes </div><div id="a30144" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:207.2px;">when it judges the potential field does not<div style="display:inline-block;width:2.13px"> </div>warrant further investment in the near term.<div style="display:inline-block;width:5.61px"> </div>See Note 7—</div><div id="a30147" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:223.4px;">Suspended Wells and Exploration Expenses, for additional information on suspended<div style="display:inline-block;width:1.92px"> </div>wells. </div><div id="a30149" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:52.688px;top:253.3px;">Development Costs</div><div id="a30150" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:167.408px;top:253.3px;">—Costs incurred to drill and equip development<div style="display:inline-block;width:1.96px"> </div>wells, including unsuccessful </div><div id="a30153" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:269.5px;">development wells, are capitalized. </div><div id="a30155" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:52.688px;top:299.6px;">Depletion and Amortization</div><div id="a30156" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:220.088px;top:299.6px;">—Leasehold costs of producing properties<div style="display:inline-block;width:2.14px"> </div>are depleted using the unit-</div><div id="a30159" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:315.7px;">of-production method based on estimated proved<div style="display:inline-block;width:2.12px"> </div>oil and gas reserves.<div style="display:inline-block;width:6.31px"> </div>Amortization of intangible </div><div id="a30162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:331.7px;">development costs is based on the unit-of-production<div style="display:inline-block;width:2.09px"> </div>method using estimated proved developed<div style="display:inline-block;width:2.1px"> </div>oil </div><div id="a30168" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:347.9px;">and gas reserves.</div><div id="a30168_17_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:147.888px;top:347.9px;"> </div><div id="a30170" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:377.7px;">■</div><div id="a30171" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:377.5px;"> </div><div id="a30172" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:389.3px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_499_XBRL_TS_28d0cf8a74f84ca8b7284cd4eda606fa" style="position:absolute;left:28.8px;top:377.7px;float:left;"><div id="TextBlockContainer500" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:603px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30173" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Capitalized Interest</div><div id="a30174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:124.048px;top:0px;">—Interest from external borrowings is<div style="display:inline-block;width:2.1px"> </div>capitalized on major projects with an </div><div id="a30176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">expected construction period of one year or longer.<div style="display:inline-block;width:6.31px"> </div>Capitalized interest is added to the cost of the </div><div id="a30178" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32px;">underlying asset and is amortized over the useful<div style="display:inline-block;width:2.11px"> </div>lives of the assets in the same manner<div style="display:inline-block;width:2.09px"> </div>as the underlying </div><div id="a30179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48px;">assets.</div></div></div><div id="a30179_7_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:69.648px;top:425.7px;"> </div><div id="a30181" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:455.9px;">■</div><div id="a30182" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:455.8px;"> </div><div id="a30183" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:467.6px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_501_XBRL_TS_abde9937a5c94f4cb81de4511871569e" style="position:absolute;left:28.8px;top:455.9px;float:left;"><div id="TextBlockContainer502" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:597px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30184" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Depreciation and Amortization</div><div id="a30185" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:192.088px;top:0px;">—Depreciation and amortization of PP&amp;E<div style="display:inline-block;width:2.14px"> </div>on producing hydrocarbon </div><div id="a30189" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">properties and SAGD facilities and certain pipeline<div style="display:inline-block;width:2.18px"> </div>and LNG assets (those which are expected<div style="display:inline-block;width:2.01px"> </div>to have a </div><div id="a30192" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">declining utilization pattern), are determined by<div style="display:inline-block;width:2.06px"> </div>the unit-of-production method.<div style="display:inline-block;width:6.19px"> </div>Depreciation and </div><div id="a30197" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">amortization of all other PP&amp;E are determined<div style="display:inline-block;width:2.06px"> </div>by either the individual-unit-straight-line method<div style="display:inline-block;width:2.15px"> </div>or the </div><div id="a30205" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">group-straight-line method (for those individual<div style="display:inline-block;width:2.19px"> </div>units that are highly integrated with other<div style="display:inline-block;width:2px"> </div>units).</div></div></div><div id="a30205_100_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:575.995px;top:520.4px;"> </div><div id="a30211" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:550.5px;">■</div><div id="a30212" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:550.4px;"> </div><div id="a30213" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:562.2px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_503_XBRL_TS_7c48db5c0e0847a0946acaf6b61162e9" style="position:absolute;left:28.8px;top:550.5px;float:left;"><div id="TextBlockContainer504" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:337px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30214" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Impairment of Properties, Plants and Equipment</div><div id="a30215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:299.448px;top:0px;">—PP&amp;E used in operations are assessed for </div><div id="a30220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">impairment whenever changes in facts and circumstances<div style="display:inline-block;width:1.73px"> </div>indicate a possible significant deterioration<div style="display:inline-block;width:2.07px"> </div>in </div><div id="a30223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">the future cash flows expected to be generated<div style="display:inline-block;width:2.13px"> </div>by an asset group.<div style="display:inline-block;width:6.49px"> </div>If there is an indication the carrying </div><div id="a30224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">amount of an asset may not be recovered, a recoverability<div style="display:inline-block;width:1.8px"> </div>test is performed using management’s </div><div id="a30228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">assumptions such as for prices, volumes and future<div style="display:inline-block;width:2.14px"> </div>development plans.<div style="display:inline-block;width:6.52px"> </div>If, upon review, the sum of the </div><div id="a30234" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">undiscounted cash flows before income-taxes is<div style="display:inline-block;width:2.16px"> </div>less than the carrying value of the asset<div style="display:inline-block;width:2.14px"> </div>group, the </div><div id="a30240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">carrying value is written down to estimated fair<div style="display:inline-block;width:2.07px"> </div>value and reported as an impairment in the<div style="display:inline-block;width:2.18px"> </div>period in </div><div id="a30247" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">which the determination of the impairment<div style="display:inline-block;width:2.12px"> </div>is made.<div style="display:inline-block;width:6.84px"> </div>Individual assets are grouped for impairment </div><div id="a30248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">purposes at the lowest level for which there are<div style="display:inline-block;width:2.14px"> </div>identifiable cash flows that are largely independent<div style="display:inline-block;width:2.17px"> </div>of the </div><div id="a30250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">cash flows of other groups of assets—generally<div style="display:inline-block;width:2.18px"> </div>on a field-by-field basis for E&amp;P assets.<div style="display:inline-block;width:5.75px"> </div>Because there </div><div id="a30257" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">usually is a lack of quoted market prices for<div style="display:inline-block;width:2.18px"> </div>long-lived assets, the fair value of impaired assets<div style="display:inline-block;width:2.02px"> </div>is typically </div><div id="a30260" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.2px;">determined based on the present values of expected<div style="display:inline-block;width:2.14px"> </div>future cash flows using discount rates<div style="display:inline-block;width:2.18px"> </div>and prices </div><div id="a30266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.2px;">believed to be consistent with those used by principal<div style="display:inline-block;width:1.95px"> </div>market participants, or based on a multiple<div style="display:inline-block;width:1.94px"> </div>of </div><div id="a30268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">operating cash flow validated with historical<div style="display:inline-block;width:2.17px"> </div>market transactions of similar assets<div style="display:inline-block;width:2.17px"> </div>where possible.<div style="display:inline-block;width:6.65px"> </div>Long-</div><div id="a30271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;">lived assets committed by management for disposal<div style="display:inline-block;width:1.88px"> </div>within one year are accounted for at<div style="display:inline-block;width:2.14px"> </div>the lower of </div><div id="a30272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">amortized cost or fair value, less cost to sell,<div style="display:inline-block;width:2.08px"> </div>with fair value determined using a binding negotiated<div style="display:inline-block;width:2.06px"> </div>price, </div><div id="a30274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;">if available, or present value of expected future<div style="display:inline-block;width:2.17px"> </div>cash flows as previously described. </div><div id="a30276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.7px;">The expected future cash flows used for impairment<div style="display:inline-block;width:1.9px"> </div>reviews and related fair value calculations are<div style="display:inline-block;width:2.16px"> </div>based </div><div id="a30277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.9px;">on estimated future production volumes, prices<div style="display:inline-block;width:2.09px"> </div>and costs, considering all available evidence at the<div style="display:inline-block;width:2.16px"> </div>date of </div><div id="a30279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:319.9px;">review.<div style="display:inline-block;width:7.73px"> </div>The impairment review includes cash flows from<div style="display:inline-block;width:1.9px"> </div>proved developed and undeveloped reserves, </div></div></div></div><div id="TextBlockContainer521" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:888px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:0px;">including any development expenditures necessary<div style="display:inline-block;width:1.98px"> </div>to achieve that production.<div style="display:inline-block;width:6.18px"> </div>Additionally, when </div><div id="a30284" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:16px;">probable and possible reserves exist, an appropriate<div style="display:inline-block;width:1.98px"> </div>risk-adjusted amount of these reserves may be </div><div id="a30289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:32.2px;">included in the impairment calculation.</div><div id="a30289_39_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.208px;top:32.2px;"> </div><div id="a30291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.3px;">■</div><div id="a30292" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:62.1px;"> </div><div id="a30293" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:73.9px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_509_XBRL_TS_34e8eb1bfa1e4e8dbe7cd72272b850bc" style="position:absolute;left:28.8px;top:62.3px;float:left;"><div id="TextBlockContainer510" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:602px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30294" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Impairment of Investments in Nonconsolidated<div style="display:inline-block;width:1.95px"> </div>Entities</div><div id="a30295" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.755px;top:0px;">—Investments in nonconsolidated entities<div style="display:inline-block;width:2.14px"> </div>are </div><div id="a30297" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">assessed for impairment whenever changes in the<div style="display:inline-block;width:2.14px"> </div>facts and circumstances indicate a loss<div style="display:inline-block;width:2.06px"> </div>in value has </div><div id="a30299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">occurred.<div style="display:inline-block;width:6.75px"> </div>When such a condition is judgmentally determined<div style="display:inline-block;width:1.96px"> </div>to be other than temporary, the carrying </div><div id="a30300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">value of the investment is written down to fair<div style="display:inline-block;width:2.14px"> </div>value.<div style="display:inline-block;width:6.79px"> </div>The fair value of the impaired investment<div style="display:inline-block;width:2.1px"> </div>is based </div><div id="a30302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">on quoted market prices, if available, or upon<div style="display:inline-block;width:2.15px"> </div>the present value of expected future cash flows using </div><div id="a30305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">discount rates and prices believed to be consistent<div style="display:inline-block;width:2.07px"> </div>with those used by principal market participants,<div style="display:inline-block;width:1.9px"> </div>plus </div><div id="a30309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">market analysis of comparable assets owned by the<div style="display:inline-block;width:1.96px"> </div>investee, if appropriate.</div></div></div><div id="a30309_75_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.635px;top:158.9px;"> </div><div id="a30312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:189px;">■</div><div id="a30313" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:188.9px;"> </div><div id="a30314" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:200.7px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_511_XBRL_TS_110f48e50f8f4b06a0590e5e79dd554a" style="position:absolute;left:28.8px;top:189px;float:left;"><div id="TextBlockContainer512" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:602px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30315" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Maintenance and Repairs</div><div id="a30316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:159.448px;top:0px;">—Costs of maintenance and repairs, which are<div style="display:inline-block;width:2.15px"> </div>not significant improvements, </div><div id="a30324" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">are expensed when incurred.</div></div></div><div id="a30324_27_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:193.688px;top:205.1px;"> </div><div id="a30326" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:235.3px;">■</div><div id="a30327" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:235.1px;"> </div><div id="a30328" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:246.9px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_513_XBRL_TS_b30856ecf64d45ed9c3024765e33295b" style="position:absolute;left:28.8px;top:235.3px;float:left;"><div id="TextBlockContainer514" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30329" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Property Dispositions</div><div id="a30330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.928px;top:0px;">—When complete units of depreciable property<div style="display:inline-block;width:2.17px"> </div>are sold, the asset cost and related </div><div id="a30335" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">accumulated depreciation are eliminated,<div style="display:inline-block;width:2.18px"> </div>with any gain or loss reflected in the “Gain on dispositions”<div style="display:inline-block;width:1.81px"> </div>line </div><div id="a30336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">of our consolidated income statement.<div style="display:inline-block;width:5.82px"> </div>When less than complete units of depreciable property<div style="display:inline-block;width:1.95px"> </div>are </div><div id="a30338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">disposed of or retired which do not significantly<div style="display:inline-block;width:2.14px"> </div>alter the DD&amp;A rate, the difference between asset<div style="display:inline-block;width:2.15px"> </div>cost </div><div id="a30339" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">and salvage value is charged or credited to accumulated<div style="display:inline-block;width:2.1px"> </div>depreciation.</div></div></div><div id="a30339_69_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.355px;top:299.6px;"> </div><div id="a30341" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:329.7px;">■</div><div id="a30342" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:329.5px;"> </div><div id="a30343" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:341.3px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_515_XBRL_TS_25631cca6bbb43b8aa677efe7a3423ed" style="position:absolute;left:28.8px;top:329.7px;float:left;"><div id="TextBlockContainer516" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:606px;height:321px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30344" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Asset Retirement Obligations and Environmental Costs</div><div id="a30345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.075px;top:0px;">—The</div><div id="a30348" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:373.075px;top:0px;"> </div><div id="a30349" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:376.595px;top:0px;">fair value of legal obligations to retire </div><div id="a30351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">and remove long-lived assets are recorded in<div style="display:inline-block;width:2.14px"> </div>the period in which the obligation is incurred<div style="display:inline-block;width:2.07px"> </div>(typically </div><div id="a30354" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">when the asset is installed at the production location).<div style="display:inline-block;width:5.49px"> </div>Fair value is estimated using a present value </div><div id="a30356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">approach, incorporating assumptions about estimated<div style="display:inline-block;width:1.85px"> </div>amounts and timing of settlements and<div style="display:inline-block;width:2.19px"> </div>impacts of </div><div id="a30358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">the use of technologies.<div style="display:inline-block;width:6.45px"> </div>When the liability is initially recorded,<div style="display:inline-block;width:2.14px"> </div>we capitalize this cost by increasing the </div><div id="a30361" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">carrying amount of the related PP&amp;E.<div style="display:inline-block;width:6.01px"> </div>If, in subsequent periods, our estimate of this<div style="display:inline-block;width:2.12px"> </div>liability changes, we </div><div id="a30363" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">will record an adjustment to both the liability<div style="display:inline-block;width:2.08px"> </div>and PP&amp;E.<div style="display:inline-block;width:6.7px"> </div>Over time the liability is increased for the </div><div id="a30364" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">change in its present value, and the capitalized cost<div style="display:inline-block;width:2.1px"> </div>in PP&amp;E is depreciated over the useful<div style="display:inline-block;width:2.14px"> </div>life of the </div><div id="a30366" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">related asset.<div style="display:inline-block;width:6.65px"> </div>Reductions to estimated liabilities for<div style="display:inline-block;width:2.12px"> </div>assets that are no longer producing are recorded as a </div><div id="a30367" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">credit to impairment, if the asset had been previously<div style="display:inline-block;width:2.01px"> </div>impaired, or as a credit to DD&amp;A, if the<div style="display:inline-block;width:2.15px"> </div>asset had </div><div id="a30368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">not been previously impaired.<div style="display:inline-block;width:6.11px"> </div>For additional information, see Note 9—Asset<div style="display:inline-block;width:2.02px"> </div>Retirement Obligations and </div><div id="a30375" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">Accrued Environmental Costs. </div><div id="a30377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.2px;">Environmental expenditures are expensed or capitalized,<div style="display:inline-block;width:1.79px"> </div>depending upon their future economic benefit.<div style="display:inline-block;width:2.03px"> </div></div><div id="a30378" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:223.4px;">Expenditures relating to an existing condition<div style="display:inline-block;width:2.14px"> </div>caused by past operations, and those having no future </div><div id="a30380" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:239.4px;">economic benefit, are expensed.<div style="display:inline-block;width:6.04px"> </div>Liabilities for environmental expenditures are<div style="display:inline-block;width:2.12px"> </div>recorded on an </div><div id="a30381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:255.5px;">undiscounted basis (unless acquired through a business<div style="display:inline-block;width:1.83px"> </div>combination, which we record on a discounted </div><div id="a30385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:271.5px;">basis) when environmental assessments or cleanups<div style="display:inline-block;width:2.13px"> </div>are probable and the costs can be reasonably </div><div id="a30387" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.7px;">estimated.<div style="display:inline-block;width:6.69px"> </div>Recoveries of environmental remediation costs<div style="display:inline-block;width:1.95px"> </div>from other parties are recorded as assets when </div><div id="a30388" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.9px;">their receipt is probable and estimable.</div></div></div><div id="a30388_40_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.488px;top:633.5px;"> </div><div id="a30390" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:663.6px;">■</div><div id="a30391" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:663.5px;"> </div><div id="a30392" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:675.3px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_517_XBRL_TS_87a9538bdbce490ca4388e7109c0dcaa" style="position:absolute;left:28.8px;top:663.6px;float:left;"><div id="TextBlockContainer518" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:607px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30393" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Guarantees</div><div id="a30394" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:74.608px;top:0px;">—The fair value of a guarantee is determined<div style="display:inline-block;width:2.06px"> </div>and recorded as a liability at the time the </div><div id="a30399" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">guarantee is given.<div style="display:inline-block;width:6.53px"> </div>The initial liability is subsequently reduced<div style="display:inline-block;width:2.15px"> </div>as we are released from exposure under </div><div id="a30400" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">the guarantee.<div style="display:inline-block;width:6.64px"> </div>We amortize the guarantee liability over the relevant time period, if one exists, based on </div><div id="a30402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">the facts and circumstances surrounding each type<div style="display:inline-block;width:2.06px"> </div>of guarantee.<div style="display:inline-block;width:6.67px"> </div>In cases where the guarantee term is </div><div id="a30403" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">indefinite, we reverse the liability when we have<div style="display:inline-block;width:2.17px"> </div>information indicating the liability<div style="display:inline-block;width:2.14px"> </div>is essentially relieved </div><div id="a30404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">or amortize it over an appropriate time<div style="display:inline-block;width:2.15px"> </div>period as the fair value of our guarantee exposure<div style="display:inline-block;width:2.15px"> </div>declines over </div><div id="a30406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">time.<div style="display:inline-block;width:6.82px"> </div>We amortize the guarantee liability to the related income statement line item based<div style="display:inline-block;width:2.17px"> </div>on the nature of </div><div id="a30407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">the guarantee.<div style="display:inline-block;width:6.64px"> </div>When it becomes probable that we will have<div style="display:inline-block;width:2.03px"> </div>to perform on a guarantee, we accrue a </div><div id="a30409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">separate liability if it is reasonably estimable,<div style="display:inline-block;width:2.12px"> </div>based on the facts and circumstances at that<div style="display:inline-block;width:2.09px"> </div>time.<div style="display:inline-block;width:6.82px"> </div>We </div><div id="a30410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">reverse the fair value liability only when there<div style="display:inline-block;width:2.1px"> </div>is no further exposure under the guarantee.</div></div></div><div id="a30410_92_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.515px;top:808.6px;"> </div><div id="a30412" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:838.5px;">■</div><div id="a30413" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:838.4px;"> </div><div id="a30414" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:850.2px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_519_XBRL_TS_4635601da3914c1faed708166eb4a42b" style="position:absolute;left:28.8px;top:838.5px;float:left;"><div id="TextBlockContainer520" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:598px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30415" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Share-Based Compensation</div><div id="a30419" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:170.808px;top:0px;">—We recognize share-based compensation expense over the shorter of the </div><div id="a30423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">service period (i.e., the stated period of time required<div style="display:inline-block;width:2.04px"> </div>to earn the award) or the period beginning at<div style="display:inline-block;width:2.12px"> </div>the </div><div id="a30424" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">start of the service period and ending when an<div style="display:inline-block;width:2.15px"> </div>employee first becomes eligible for retirement.<div style="display:inline-block;width:5.69px"> </div>We have </div></div></div></div><div id="TextBlockContainer531" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:0px;">elected to recognize expense on a straight-line<div style="display:inline-block;width:2.07px"> </div>basis over the service period for the entire<div style="display:inline-block;width:2.03px"> </div>award, whether </div><div id="a30432" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:16.2px;">the award was granted with ratable or cliff vesting.</div><div id="a30432_52_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:318.488px;top:16.2px;"> </div><div id="a30434" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.1px;">■</div><div id="a30435" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:46px;"> </div><div id="a30436" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:57.8px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_525_XBRL_TS_15bf27256bea48f58d1d03dca4561db3" style="position:absolute;left:28.8px;top:46.1px;float:left;"><div id="TextBlockContainer526" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:604px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30438" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Income Taxes</div><div id="a30439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:88.528px;top:0px;">—Deferred income taxes are computed using<div style="display:inline-block;width:2.14px"> </div>the liability method and are provided on all </div><div id="a30442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">temporary differences between the financial reporting basis<div style="display:inline-block;width:1.93px"> </div>and the tax basis of our assets and liabilities, </div><div id="a30443" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">except for deferred taxes on income and temporary<div style="display:inline-block;width:2.11px"> </div>differences related to the cumulative translation </div><div id="a30444" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">adjustment considered to be permanently reinvested<div style="display:inline-block;width:2.03px"> </div>in certain foreign subsidiaries and<div style="display:inline-block;width:2.16px"> </div>foreign corporate </div><div id="a30446" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">joint ventures.<div style="display:inline-block;width:6.65px"> </div>Allowable tax credits are applied currently<div style="display:inline-block;width:2.13px"> </div>as reductions of the provision for income </div><div id="a30447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">taxes.<div style="display:inline-block;width:6.91px"> </div>Interest related to unrecognized tax benefits<div style="display:inline-block;width:2.15px"> </div>is reflected in interest and debt expense, and<div style="display:inline-block;width:2.09px"> </div>penalties </div><div id="a30449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">related to unrecognized tax benefits are reflected<div style="display:inline-block;width:2.07px"> </div>in production and operating expenses.</div></div></div><div id="a30449_88_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.715px;top:142.7px;"> </div><div id="a30451" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:172.8px;">■</div><div id="a30452" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:172.7px;"> </div><div id="a30453" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:184.5px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_527_XBRL_TS_ad46d2ba3bad429c81a155bdcd75d3e7" style="position:absolute;left:28.8px;top:172.8px;float:left;"><div id="TextBlockContainer528" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:573px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30455" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Taxes Collected from Customers and Remitted to Governmental Authorities</div><div id="a30456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:462.355px;top:0px;">—Sales and value-</div><div id="a30459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">added taxes are recorded net.</div></div></div><div id="a30459_29_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:196.408px;top:189px;"> </div><div id="a30462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:219.1px;">■</div><div id="a30463" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:218.9px;"> </div><div id="a30464" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:230.7px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_529_XBRL_TS_ca9c4d69bc2544779d987f26c14f6021" style="position:absolute;left:28.8px;top:219.1px;float:left;"><div id="TextBlockContainer530" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30465" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Net Income (Loss) Per Share of Common Stock</div><div id="a30466" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.568px;top:0px;">—Basic net income (loss) per share of common stock </div><div id="a30468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">is calculated based upon the daily weighted-average<div style="display:inline-block;width:2.02px"> </div>number of common shares outstanding during<div style="display:inline-block;width:2.18px"> </div>the </div><div id="a30471" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">year.<div style="display:inline-block;width:7.59px"> </div>Also, this</div><div id="a30472" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;left:93.008px;top:32.9px;"> </div><div id="a30473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.368px;top:32.2px;">calculation includes fully vested stock and unit<div style="display:inline-block;width:2.12px"> </div>awards that have not yet been issued as </div><div id="a30475" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">common stock, along with an adjustment to<div style="display:inline-block;width:2.19px"> </div>net income (loss) for dividend equivalents<div style="display:inline-block;width:2.01px"> </div>paid on unvested </div><div id="a30476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">unit awards that are considered participating<div style="display:inline-block;width:2.18px"> </div>securities.<div style="display:inline-block;width:6.67px"> </div>Diluted net income per share of common stock </div><div id="a30478" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">includes unvested stock, unit or option awards granted<div style="display:inline-block;width:1.92px"> </div>under our compensation plans and vested but </div><div id="a30479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">unexercised stock options, but only to the extent these<div style="display:inline-block;width:1.95px"> </div>instruments dilute net income per share, primarily </div><div id="a30480" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">under the treasury-stock method.<div style="display:inline-block;width:6.03px"> </div>Diluted net loss per share, which is calculated<div style="display:inline-block;width:2.11px"> </div>the same as basic net loss </div><div id="a30484" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">per share, does not assume conversion or exercise<div style="display:inline-block;width:2px"> </div>of securities that would have an antidilutive<div style="display:inline-block;width:1.99px"> </div>effect.<div style="display:inline-block;width:3.58px"> </div></div><div id="a30485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">Treasury stock is excluded from the daily weighted-average number<div style="display:inline-block;width:2.04px"> </div>of common shares outstanding in </div><div id="a30489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">both calculations.<div style="display:inline-block;width:6.44px"> </div>The earnings per share impact of the participating<div style="display:inline-block;width:1.93px"> </div>securities is immaterial.</div></div></div></div> <div id="TextBlockContainer471" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:606px;height:288px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29836" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.013px;top:0px;">Consolidation Principles and Investments</div><div id="a29838" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.688px;top:0px;">—Our consolidated financial statements<div style="display:inline-block;width:2.09px"> </div>include the accounts </div><div id="a29840" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">of majority-owned, controlled subsidiaries<div style="display:inline-block;width:2.13px"> </div>and variable interest entities where we are the primary </div><div id="a29843" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">beneficiary.<div style="display:inline-block;width:7.68px"> </div>The equity method is used to account for<div style="display:inline-block;width:2.17px"> </div>investments in affiliates in which we have the </div><div id="a29845" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">ability to exert significant influence over the affiliates’<div style="display:inline-block;width:2.01px"> </div>operating and financial policies.<div style="display:inline-block;width:6.09px"> </div>When we do not </div><div id="a29846" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">have the ability to exert significant influence,<div style="display:inline-block;width:2.14px"> </div>the investment is measured at fair value<div style="display:inline-block;width:2.18px"> </div>except when the </div><div id="a29848" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">investment does not have a readily determinable<div style="display:inline-block;width:2.12px"> </div>fair value.<div style="display:inline-block;width:6.61px"> </div>For those exceptions, it will be measured<div style="display:inline-block;width:2.18px"> </div>at </div><div id="a29849" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">cost minus impairment, plus or minus observable<div style="display:inline-block;width:2.1px"> </div>price changes in orderly transactions for an identical<div style="display:inline-block;width:1.95px"> </div>or </div><div id="a29850" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">similar investment of the same issuer.<div style="display:inline-block;width:6.61px"> </div>Undivided interests in oil and gas joint ventures,<div style="display:inline-block;width:1.93px"> </div>pipelines, natural </div><div id="a29853" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">gas plants and terminals are consolidated on a proportionate<div style="display:inline-block;width:1.7px"> </div>basis.<div style="display:inline-block;width:6.88px"> </div>Other securities and investments are </div><div id="a29854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">generally carried at cost. </div><div id="a29856" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.1px;">We manage our operations through six operating segments, defined by geographic<div style="display:inline-block;width:2.13px"> </div>region: Alaska; Lower </div><div id="a29864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:191.1px;">48; Canada;<div style="display:inline-block;width:3.23px"> </div>Europe,<div style="display:inline-block;width:3.34px"> </div>Middle East and North Africa; Asia Pacific;<div style="display:inline-block;width:1.93px"> </div>and Other International.<div style="display:inline-block;width:6.4px"> </div>For additional </div><div id="a29880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.2px;">information, see Note 24—Segment Disclosures<div style="display:inline-block;width:2.05px"> </div>and Related Information. </div><div id="a29886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:223.4px;"> </div><div id="a29887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:239.4px;">The unrealized (gain) loss on investment in Cenovus<div style="display:inline-block;width:1.93px"> </div>Energy included on our consolidated statement of </div><div id="a29888" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:255.6px;">cash flows, previously reflected on the line item<div style="display:inline-block;width:2.07px"> </div>“Other” within net cash provided by operating<div style="display:inline-block;width:2.02px"> </div>activities, </div><div id="a29889" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:271.6px;">has been reclassified in the comparative periods<div style="display:inline-block;width:2.11px"> </div>to conform with the current period’s presentation.</div></div> <div id="TextBlockContainer473" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:594px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29900" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Foreign Currency Translation</div><div id="a29901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:186.648px;top:0px;">—Adjustments resulting from the process of translating<div style="display:inline-block;width:1.9px"> </div>foreign </div><div id="a29903" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">functional currency financial statements into<div style="display:inline-block;width:2.12px"> </div>U.S. dollars are included in accumulated other </div><div id="a29904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">comprehensive loss in common stockholders’ equity.<div style="display:inline-block;width:6.34px"> </div>Foreign currency transaction gains and losses<div style="display:inline-block;width:2.13px"> </div>are </div><div id="a29905" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">included in current earnings.<div style="display:inline-block;width:6.12px"> </div>Some of our foreign operations use their local currency<div style="display:inline-block;width:1.9px"> </div>as the functional </div><div id="a29906" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">currency.</div></div> <div id="TextBlockContainer475" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29911" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Use of Estimates</div><div id="a29912" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:104.208px;top:0px;">—The preparation of financial statements<div style="display:inline-block;width:2.11px"> </div>in conformity with accounting principles </div><div id="a29915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">generally accepted in the U.S. requires management<div style="display:inline-block;width:1.99px"> </div>to make estimates and assumptions that<div style="display:inline-block;width:2.14px"> </div>affect the </div><div id="a29916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">reported amounts of assets, liabilities,<div style="display:inline-block;width:2.16px"> </div>revenues and expenses, and the disclosures of contingent<div style="display:inline-block;width:2.05px"> </div>assets and </div><div id="a29918" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">liabilities.<div style="display:inline-block;width:6.64px"> </div>Actual results could differ from these estimates.</div></div> <div id="TextBlockContainer477" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29923" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Revenue Recognition</div><div id="a29924" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:131.888px;top:0px;">—Revenues associated with the sales of crude<div style="display:inline-block;width:2.04px"> </div>oil, bitumen, natural gas, LNG, </div><div id="a29926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">NGLs and other items are recognized at the point<div style="display:inline-block;width:2.09px"> </div>in time when the customer obtains control<div style="display:inline-block;width:2.14px"> </div>of the asset.<div style="display:inline-block;width:3.22px"> </div></div><div id="a29928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">In evaluating when a customer has control of the<div style="display:inline-block;width:2.17px"> </div>asset, we primarily consider whether<div style="display:inline-block;width:2.13px"> </div>the transfer of legal </div><div id="a29929" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">title and physical delivery has occurred, whether<div style="display:inline-block;width:2.08px"> </div>the customer has significant risks and rewards<div style="display:inline-block;width:2.13px"> </div>of </div><div id="a29930" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">ownership, and whether the customer has accepted<div style="display:inline-block;width:2.04px"> </div>delivery and a right to payment exists.<div style="display:inline-block;width:5.67px"> </div>These products </div><div id="a29932" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">are typically sold at prevailing market prices.<div style="display:inline-block;width:5.8px"> </div>We allocate variable market-based consideration to </div><div id="a29935" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">deliveries (performance obligations) in the<div style="display:inline-block;width:2.19px"> </div>current period as that consideration relates<div style="display:inline-block;width:2.15px"> </div>specifically to our </div><div id="a29937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">efforts to transfer control of current period deliveries to the<div style="display:inline-block;width:1.95px"> </div>customer and represents the amount we </div><div id="a29938" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">expect to be entitled to in exchange for the related<div style="display:inline-block;width:1.97px"> </div>products.<div style="display:inline-block;width:6.55px"> </div></div><div id="a29938_64_43" style="position:absolute;font-family:'Times New Roman';left:347.094px;top:128.8px;">Payment is typically due within 30 days or </div><div id="a29939" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:145px;">less.</div><div id="a29939_5_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.173px;top:145px;"><div style="display:inline-block;width:7.03px"> </div></div><div id="a29941" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.1px;">Revenues associated with transactions commonly<div style="display:inline-block;width:2.09px"> </div>called buy/sell contracts, in which the<div style="display:inline-block;width:2.18px"> </div>purchase and sale </div><div id="a29943" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:191.1px;">of inventory with the same counterparty are entered<div style="display:inline-block;width:2.02px"> </div>into “in contemplation” of one another, are combined </div><div id="a29944" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.2px;">and reported net (i.e., on the same income statement<div style="display:inline-block;width:1.94px"> </div>line).</div></div> Payment is typically due within 30 days or less. <div id="TextBlockContainer479" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:605px;height:97px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29950" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Shipping and Handling Costs</div><div id="a29951" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.888px;top:0px;">—We typically incur shipping and handling costs prior to control </div><div id="a29955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">transferring to the customer and account for these<div style="display:inline-block;width:2.06px"> </div>activities as fulfillment costs.<div style="display:inline-block;width:5.87px"> </div>Accordingly, we include </div><div id="a29956" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">shipping and handling costs in production and operating<div style="display:inline-block;width:1.91px"> </div>expenses for production activities.<div style="display:inline-block;width:2.21px"> </div></div><div id="a29959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">Transportation costs related to marketing activities are recorded<div style="display:inline-block;width:2.17px"> </div>in purchased commodities.<div style="display:inline-block;width:5.95px"> </div>Freight costs </div><div id="a29960" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">billed to customers are treated as a component of the<div style="display:inline-block;width:1.97px"> </div>transaction price and recorded as a component<div style="display:inline-block;width:2.15px"> </div>of </div><div id="a29962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.6px;">revenue when the customer obtains control.</div></div> <div id="TextBlockContainer483" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:591px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29970" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Cash Equivalents</div><div id="a29971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:110.128px;top:0px;">—Cash equivalents are highly liquid,<div style="display:inline-block;width:2.17px"> </div>short-term investments that are readily </div><div id="a29975" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">convertible to known amounts of cash and have<div style="display:inline-block;width:2.1px"> </div>original maturities of 90 days or less from<div style="display:inline-block;width:2.14px"> </div>their date of </div><div id="a29976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">purchase.<div style="display:inline-block;width:6.76px"> </div>They are carried at cost plus accrued interest,<div style="display:inline-block;width:2.08px"> </div>which approximates fair value.</div></div> <div id="TextBlockContainer485" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:596px;height:97px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a29981" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Short-Term Investments</div><div id="a29984" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:152.888px;top:0px;">—Short-term investments include investments<div style="display:inline-block;width:2.07px"> </div>in bank time deposits and </div><div id="a29988" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">marketable securities (commercial paper and government<div style="display:inline-block;width:1.66px"> </div>obligations) which are carried at cost plus </div><div id="a29990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">accrued interest and have original maturities<div style="display:inline-block;width:2.02px"> </div>of greater than 90 days but within one year or<div style="display:inline-block;width:2.16px"> </div>when the </div><div id="a29991" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">remaining maturities are within one year.<div style="display:inline-block;width:6.62px"> </div>We also invest in financial instruments classified as available </div><div id="a29992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">for sale debt securities which are carried at fair<div style="display:inline-block;width:2.14px"> </div>value. Those instruments are included in short-term </div><div id="a29996" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">investments when they have remaining maturities<div style="display:inline-block;width:1.87px"> </div>within one year as of the balance sheet date.</div></div><div id="TextBlockContainer487" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30002" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.013px;top:0px;">Long-Term Investments in Debt Securities</div><div id="a30005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:259.448px;top:0px;">—Long-term investments in debt securities<div style="display:inline-block;width:2.08px"> </div>includes </div><div id="a30010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">financial instruments classified as available for sale<div style="display:inline-block;width:2.06px"> </div>debt securities with remaining maturities<div style="display:inline-block;width:1.77px"> </div>greater than </div><div id="a30011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">one year as of the balance sheet date.<div style="display:inline-block;width:5.97px"> </div>They are carried at fair value and presented<div style="display:inline-block;width:1.94px"> </div>within the “Investments </div><div id="a30012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">and long-term receivables” line of our consolidated<div style="display:inline-block;width:2.04px"> </div>balance sheet.</div></div> <div id="TextBlockContainer489" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30020" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Inventories</div><div id="a30021" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:73.168px;top:0px;">—We have several valuation methods for our various types of inventories<div style="display:inline-block;width:2.07px"> </div>and consistently </div><div id="a30023" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">use the following methods for each type of inventory.<div style="display:inline-block;width:6.34px"> </div>The majority of our commodity-related inventories </div><div id="a30027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">are recorded at cost using the LIFO basis.<div style="display:inline-block;width:5.72px"> </div>We measure these inventories at the lower-of-cost-or-market in </div><div id="a30036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">the aggregate.<div style="display:inline-block;width:6.64px"> </div>Any necessary lower-of-cost-or-market write-downs at year<div style="display:inline-block;width:2.11px"> </div>end are recorded as </div><div id="a30047" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">permanent adjustments to the LIFO cost basis.<div style="display:inline-block;width:5.63px"> </div>LIFO is used to better match current inventory<div style="display:inline-block;width:2.12px"> </div>costs with </div><div id="a30049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">current revenues.<div style="display:inline-block;width:6.58px"> </div>Costs include both direct and indirect expenditures<div style="display:inline-block;width:1.94px"> </div>incurred in bringing an item or </div><div id="a30050" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">product to its existing condition and location,<div style="display:inline-block;width:2.08px"> </div>but not unusual/nonrecurring costs or research<div style="display:inline-block;width:2.14px"> </div>and </div><div id="a30052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">development costs.<div style="display:inline-block;width:6.48px"> </div>Materials, supplies and other miscellaneous inventories,<div style="display:inline-block;width:1.73px"> </div>such as tubular goods and </div><div id="a30053" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">well equipment, are valued using various methods,<div style="display:inline-block;width:2.09px"> </div>including the weighted-average-cost<div style="display:inline-block;width:2.13px"> </div>method, and the </div><div id="a30058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">FIFO method, consistent with industry practice.</div></div> <div id="TextBlockContainer491" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:609px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30064" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Fair Value Measurements</div><div id="a30065" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:160.888px;top:0px;">—Assets and liabilities measured at fair value<div style="display:inline-block;width:2.15px"> </div>and required to be categorized </div><div id="a30068" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">within the fair value hierarchy are categorized into<div style="display:inline-block;width:2.06px"> </div>one of three different levels depending on the </div><div id="a30069" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">observability of the inputs employed in the measurement.<div style="display:inline-block;width:5.2px"> </div>Level 1 inputs are quoted prices in active </div><div id="a30070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">markets for identical assets or liabilities.<div style="display:inline-block;width:5.72px"> </div>Level 2 inputs are observable inputs other than<div style="display:inline-block;width:2.16px"> </div>quoted prices </div><div id="a30072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">included within Level 1 for the asset or liability, either directly or indirectly<div style="display:inline-block;width:2.02px"> </div>through market-corroborated </div><div id="a30075" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">inputs.<div style="display:inline-block;width:6.86px"> </div>Level 3 inputs are unobservable inputs for<div style="display:inline-block;width:2.11px"> </div>the asset or liability reflecting significant<div style="display:inline-block;width:2.11px"> </div>modifications </div><div id="a30077" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">to observable related market data or our assumptions<div style="display:inline-block;width:1.98px"> </div>about pricing by market participants.</div></div> <div id="TextBlockContainer493" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:607px;height:127px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30082" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Derivative Instruments</div><div id="a30083" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:144.248px;top:0px;">—Derivative instruments are recorded on the balance<div style="display:inline-block;width:2.01px"> </div>sheet at fair value.<div style="display:inline-block;width:6.4px"> </div>If the </div><div id="a30085" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">right of offset exists and certain other criteria are met,<div style="display:inline-block;width:2.16px"> </div>derivative assets and liabilities with the same </div><div id="a30088" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">counterparty are netted on the balance sheet and the<div style="display:inline-block;width:1.97px"> </div>collateral payable or receivable is netted<div style="display:inline-block;width:2.16px"> </div>against </div><div id="a30089" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">derivative assets and derivative liabilities,<div style="display:inline-block;width:2px"> </div>respectively. </div><div id="a30092" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:78.4px;">Recognition and classification of the gain or loss<div style="display:inline-block;width:2.07px"> </div>that results from recording and adjusting<div style="display:inline-block;width:2.14px"> </div>a derivative to </div><div id="a30093" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:94.4px;">fair value depends on the purpose for issuing or<div style="display:inline-block;width:2.17px"> </div>holding the derivative.<div style="display:inline-block;width:6.04px"> </div>Gains and losses from derivatives </div><div id="a30094" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:110.6px;">not accounted for as hedges are recognized immediately<div style="display:inline-block;width:1.81px"> </div>in earnings.</div></div> <div id="TextBlockContainer495" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:600px;height:173px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30102" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Oil and Gas Exploration and Development</div><div id="a30103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:260.248px;top:0px;">—Oil and gas exploration and development<div style="display:inline-block;width:1.89px"> </div>costs are </div><div id="a30105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">accounted for using the successful efforts method of<div style="display:inline-block;width:2.16px"> </div>accounting. </div><div id="a30108" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:23.888px;top:46.1px;">Property Acquisition Costs</div><div id="a30109" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:185.688px;top:46.1px;">—Oil and gas leasehold acquisition costs are<div style="display:inline-block;width:2.13px"> </div>capitalized and included in </div><div id="a30111" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:62.2px;">the balance sheet caption PP&amp;E.<div style="display:inline-block;width:6.06px"> </div>Leasehold impairment is recognized based<div style="display:inline-block;width:2.19px"> </div>on exploratory </div><div id="a30112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:78.4px;">experience and management’s judgment.<div style="display:inline-block;width:6.43px"> </div>Upon achievement of all conditions necessary for reserves </div><div id="a30114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:94.6px;">to be classified as proved, the associated leasehold<div style="display:inline-block;width:1.93px"> </div>costs are reclassified to proved properties. </div><div id="a30116" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:23.888px;top:124.5px;">Exploratory Costs</div><div id="a30117" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:133.328px;top:124.5px;">—Geological and geophysical costs and the<div style="display:inline-block;width:2.12px"> </div>costs of carrying and retaining </div><div id="a30119" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:140.6px;">undeveloped properties are expensed as incurred.<div style="display:inline-block;width:5.51px"> </div>Exploratory well costs are capitalized, or </div><div id="a30121" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:23.888px;top:156.6px;">“suspended,” on the balance sheet pending further<div style="display:inline-block;width:1.97px"> </div>evaluation of whether economically recoverable </div></div><div id="TextBlockContainer506" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:887px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_498_XBRL_TS_72d689b2930d4a2eb0da7ac9ace0d835_2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer505" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:887px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30125" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:0px;">reserves have been found.<div style="display:inline-block;width:6.27px"> </div>If economically recoverable reserves are not found,<div style="display:inline-block;width:2.01px"> </div>exploratory well costs </div><div id="a30126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:16px;">are expensed as dry holes.<div style="display:inline-block;width:6.37px"> </div>If exploratory wells encounter potentially<div style="display:inline-block;width:2.04px"> </div>economic quantities of oil and </div><div id="a30127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:32.2px;">gas, the well costs remain capitalized on the balance<div style="display:inline-block;width:1.93px"> </div>sheet as long as sufficient progress assessing the </div><div id="a30128" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:48.2px;">reserves and the economic and operating viability<div style="display:inline-block;width:1.86px"> </div>of the project is being made.<div style="display:inline-block;width:6.26px"> </div>For complex </div><div id="a30131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:64.3px;">exploratory discoveries, it is not unusual to<div style="display:inline-block;width:2.12px"> </div>have exploratory wells remain suspended<div style="display:inline-block;width:2.17px"> </div>on the balance </div><div id="a30132" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:80.5px;">sheet for several years while we perform additional<div style="display:inline-block;width:1.97px"> </div>appraisal drilling and seismic work on the </div><div id="a30133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:96.5px;">potential oil and gas field or while we seek government<div style="display:inline-block;width:1.83px"> </div>or co-venturer approval of development plans </div><div id="a30137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:112.7px;">or seek environmental permitting.<div style="display:inline-block;width:5.99px"> </div>Once all required approvals and permits have been<div style="display:inline-block;width:1.89px"> </div>obtained, the </div><div id="a30138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:128.8px;">projects are moved into the development phase,<div style="display:inline-block;width:2.11px"> </div>and the oil and gas resources are designated<div style="display:inline-block;width:2.17px"> </div>as proved </div><div id="a30140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:145px;">reserves. </div><div id="a30142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:174.9px;">Management reviews suspended well balances quarterly, continuously monitors<div style="display:inline-block;width:1.99px"> </div>the results of the </div><div id="a30143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:191.1px;">additional appraisal drilling and seismic work,<div style="display:inline-block;width:2.16px"> </div>and expenses the suspended well costs<div style="display:inline-block;width:2.02px"> </div>as dry holes </div><div id="a30144" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:207.2px;">when it judges the potential field does not<div style="display:inline-block;width:2.13px"> </div>warrant further investment in the near term.<div style="display:inline-block;width:5.61px"> </div>See Note 7—</div><div id="a30147" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:223.4px;">Suspended Wells and Exploration Expenses, for additional information on suspended<div style="display:inline-block;width:1.92px"> </div>wells. </div><div id="a30149" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:52.688px;top:253.3px;">Development Costs</div><div id="a30150" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:167.408px;top:253.3px;">—Costs incurred to drill and equip development<div style="display:inline-block;width:1.96px"> </div>wells, including unsuccessful </div><div id="a30153" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:269.5px;">development wells, are capitalized. </div><div id="a30155" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:52.688px;top:299.6px;">Depletion and Amortization</div><div id="a30156" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:220.088px;top:299.6px;">—Leasehold costs of producing properties<div style="display:inline-block;width:2.14px"> </div>are depleted using the unit-</div><div id="a30159" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:315.7px;">of-production method based on estimated proved<div style="display:inline-block;width:2.12px"> </div>oil and gas reserves.<div style="display:inline-block;width:6.31px"> </div>Amortization of intangible </div><div id="a30162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:331.7px;">development costs is based on the unit-of-production<div style="display:inline-block;width:2.09px"> </div>method using estimated proved developed<div style="display:inline-block;width:2.1px"> </div>oil </div><div id="a30168" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:347.9px;">and gas reserves.</div><div id="a30168_17_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:147.888px;top:347.9px;"> </div><div id="a30170" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:377.7px;">■</div><div id="a30171" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:377.5px;"> </div><div id="a30172" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:389.3px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_499_XBRL_TS_28d0cf8a74f84ca8b7284cd4eda606fa" style="position:absolute;left:28.8px;top:377.7px;float:left;"><div id="TextBlockContainer500" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:603px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30173" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Capitalized Interest</div><div id="a30174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:124.048px;top:0px;">—Interest from external borrowings is<div style="display:inline-block;width:2.1px"> </div>capitalized on major projects with an </div><div id="a30176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">expected construction period of one year or longer.<div style="display:inline-block;width:6.31px"> </div>Capitalized interest is added to the cost of the </div><div id="a30178" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32px;">underlying asset and is amortized over the useful<div style="display:inline-block;width:2.11px"> </div>lives of the assets in the same manner<div style="display:inline-block;width:2.09px"> </div>as the underlying </div><div id="a30179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48px;">assets.</div></div></div><div id="a30179_7_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:69.648px;top:425.7px;"> </div><div id="a30181" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:455.9px;">■</div><div id="a30182" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:455.8px;"> </div><div id="a30183" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:467.6px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_501_XBRL_TS_abde9937a5c94f4cb81de4511871569e" style="position:absolute;left:28.8px;top:455.9px;float:left;"><div id="TextBlockContainer502" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:597px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30184" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Depreciation and Amortization</div><div id="a30185" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:192.088px;top:0px;">—Depreciation and amortization of PP&amp;E<div style="display:inline-block;width:2.14px"> </div>on producing hydrocarbon </div><div id="a30189" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">properties and SAGD facilities and certain pipeline<div style="display:inline-block;width:2.18px"> </div>and LNG assets (those which are expected<div style="display:inline-block;width:2.01px"> </div>to have a </div><div id="a30192" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">declining utilization pattern), are determined by<div style="display:inline-block;width:2.06px"> </div>the unit-of-production method.<div style="display:inline-block;width:6.19px"> </div>Depreciation and </div><div id="a30197" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">amortization of all other PP&amp;E are determined<div style="display:inline-block;width:2.06px"> </div>by either the individual-unit-straight-line method<div style="display:inline-block;width:2.15px"> </div>or the </div><div id="a30205" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">group-straight-line method (for those individual<div style="display:inline-block;width:2.19px"> </div>units that are highly integrated with other<div style="display:inline-block;width:2px"> </div>units).</div></div></div><div id="a30205_100_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:575.995px;top:520.4px;"> </div><div id="a30211" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:550.5px;">■</div><div id="a30212" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:550.4px;"> </div><div id="a30213" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:562.2px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_503_XBRL_TS_7c48db5c0e0847a0946acaf6b61162e9" style="position:absolute;left:28.8px;top:550.5px;float:left;"><div id="TextBlockContainer504" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:337px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30214" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Impairment of Properties, Plants and Equipment</div><div id="a30215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:299.448px;top:0px;">—PP&amp;E used in operations are assessed for </div><div id="a30220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">impairment whenever changes in facts and circumstances<div style="display:inline-block;width:1.73px"> </div>indicate a possible significant deterioration<div style="display:inline-block;width:2.07px"> </div>in </div><div id="a30223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">the future cash flows expected to be generated<div style="display:inline-block;width:2.13px"> </div>by an asset group.<div style="display:inline-block;width:6.49px"> </div>If there is an indication the carrying </div><div id="a30224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">amount of an asset may not be recovered, a recoverability<div style="display:inline-block;width:1.8px"> </div>test is performed using management’s </div><div id="a30228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">assumptions such as for prices, volumes and future<div style="display:inline-block;width:2.14px"> </div>development plans.<div style="display:inline-block;width:6.52px"> </div>If, upon review, the sum of the </div><div id="a30234" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">undiscounted cash flows before income-taxes is<div style="display:inline-block;width:2.16px"> </div>less than the carrying value of the asset<div style="display:inline-block;width:2.14px"> </div>group, the </div><div id="a30240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">carrying value is written down to estimated fair<div style="display:inline-block;width:2.07px"> </div>value and reported as an impairment in the<div style="display:inline-block;width:2.18px"> </div>period in </div><div id="a30247" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">which the determination of the impairment<div style="display:inline-block;width:2.12px"> </div>is made.<div style="display:inline-block;width:6.84px"> </div>Individual assets are grouped for impairment </div><div id="a30248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">purposes at the lowest level for which there are<div style="display:inline-block;width:2.14px"> </div>identifiable cash flows that are largely independent<div style="display:inline-block;width:2.17px"> </div>of the </div><div id="a30250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">cash flows of other groups of assets—generally<div style="display:inline-block;width:2.18px"> </div>on a field-by-field basis for E&amp;P assets.<div style="display:inline-block;width:5.75px"> </div>Because there </div><div id="a30257" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">usually is a lack of quoted market prices for<div style="display:inline-block;width:2.18px"> </div>long-lived assets, the fair value of impaired assets<div style="display:inline-block;width:2.02px"> </div>is typically </div><div id="a30260" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.2px;">determined based on the present values of expected<div style="display:inline-block;width:2.14px"> </div>future cash flows using discount rates<div style="display:inline-block;width:2.18px"> </div>and prices </div><div id="a30266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.2px;">believed to be consistent with those used by principal<div style="display:inline-block;width:1.95px"> </div>market participants, or based on a multiple<div style="display:inline-block;width:1.94px"> </div>of </div><div id="a30268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">operating cash flow validated with historical<div style="display:inline-block;width:2.17px"> </div>market transactions of similar assets<div style="display:inline-block;width:2.17px"> </div>where possible.<div style="display:inline-block;width:6.65px"> </div>Long-</div><div id="a30271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;">lived assets committed by management for disposal<div style="display:inline-block;width:1.88px"> </div>within one year are accounted for at<div style="display:inline-block;width:2.14px"> </div>the lower of </div><div id="a30272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">amortized cost or fair value, less cost to sell,<div style="display:inline-block;width:2.08px"> </div>with fair value determined using a binding negotiated<div style="display:inline-block;width:2.06px"> </div>price, </div><div id="a30274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;">if available, or present value of expected future<div style="display:inline-block;width:2.17px"> </div>cash flows as previously described. </div><div id="a30276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.7px;">The expected future cash flows used for impairment<div style="display:inline-block;width:1.9px"> </div>reviews and related fair value calculations are<div style="display:inline-block;width:2.16px"> </div>based </div><div id="a30277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.9px;">on estimated future production volumes, prices<div style="display:inline-block;width:2.09px"> </div>and costs, considering all available evidence at the<div style="display:inline-block;width:2.16px"> </div>date of </div><div id="a30279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:319.9px;">review.<div style="display:inline-block;width:7.73px"> </div>The impairment review includes cash flows from<div style="display:inline-block;width:1.9px"> </div>proved developed and undeveloped reserves, </div></div></div></div></div></div> <div id="TextBlockContainer500" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:603px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30173" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Capitalized Interest</div><div id="a30174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:124.048px;top:0px;">—Interest from external borrowings is<div style="display:inline-block;width:2.1px"> </div>capitalized on major projects with an </div><div id="a30176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">expected construction period of one year or longer.<div style="display:inline-block;width:6.31px"> </div>Capitalized interest is added to the cost of the </div><div id="a30178" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32px;">underlying asset and is amortized over the useful<div style="display:inline-block;width:2.11px"> </div>lives of the assets in the same manner<div style="display:inline-block;width:2.09px"> </div>as the underlying </div><div id="a30179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48px;">assets.</div></div> <div id="TextBlockContainer502" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:597px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30184" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Depreciation and Amortization</div><div id="a30185" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:192.088px;top:0px;">—Depreciation and amortization of PP&amp;E<div style="display:inline-block;width:2.14px"> </div>on producing hydrocarbon </div><div id="a30189" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">properties and SAGD facilities and certain pipeline<div style="display:inline-block;width:2.18px"> </div>and LNG assets (those which are expected<div style="display:inline-block;width:2.01px"> </div>to have a </div><div id="a30192" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">declining utilization pattern), are determined by<div style="display:inline-block;width:2.06px"> </div>the unit-of-production method.<div style="display:inline-block;width:6.19px"> </div>Depreciation and </div><div id="a30197" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">amortization of all other PP&amp;E are determined<div style="display:inline-block;width:2.06px"> </div>by either the individual-unit-straight-line method<div style="display:inline-block;width:2.15px"> </div>or the </div><div id="a30205" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">group-straight-line method (for those individual<div style="display:inline-block;width:2.19px"> </div>units that are highly integrated with other<div style="display:inline-block;width:2px"> </div>units).</div></div> <div id="TextBlockContainer504" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:337px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30214" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Impairment of Properties, Plants and Equipment</div><div id="a30215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:299.448px;top:0px;">—PP&amp;E used in operations are assessed for </div><div id="a30220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">impairment whenever changes in facts and circumstances<div style="display:inline-block;width:1.73px"> </div>indicate a possible significant deterioration<div style="display:inline-block;width:2.07px"> </div>in </div><div id="a30223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">the future cash flows expected to be generated<div style="display:inline-block;width:2.13px"> </div>by an asset group.<div style="display:inline-block;width:6.49px"> </div>If there is an indication the carrying </div><div id="a30224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">amount of an asset may not be recovered, a recoverability<div style="display:inline-block;width:1.8px"> </div>test is performed using management’s </div><div id="a30228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">assumptions such as for prices, volumes and future<div style="display:inline-block;width:2.14px"> </div>development plans.<div style="display:inline-block;width:6.52px"> </div>If, upon review, the sum of the </div><div id="a30234" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">undiscounted cash flows before income-taxes is<div style="display:inline-block;width:2.16px"> </div>less than the carrying value of the asset<div style="display:inline-block;width:2.14px"> </div>group, the </div><div id="a30240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">carrying value is written down to estimated fair<div style="display:inline-block;width:2.07px"> </div>value and reported as an impairment in the<div style="display:inline-block;width:2.18px"> </div>period in </div><div id="a30247" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">which the determination of the impairment<div style="display:inline-block;width:2.12px"> </div>is made.<div style="display:inline-block;width:6.84px"> </div>Individual assets are grouped for impairment </div><div id="a30248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">purposes at the lowest level for which there are<div style="display:inline-block;width:2.14px"> </div>identifiable cash flows that are largely independent<div style="display:inline-block;width:2.17px"> </div>of the </div><div id="a30250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">cash flows of other groups of assets—generally<div style="display:inline-block;width:2.18px"> </div>on a field-by-field basis for E&amp;P assets.<div style="display:inline-block;width:5.75px"> </div>Because there </div><div id="a30257" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">usually is a lack of quoted market prices for<div style="display:inline-block;width:2.18px"> </div>long-lived assets, the fair value of impaired assets<div style="display:inline-block;width:2.02px"> </div>is typically </div><div id="a30260" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.2px;">determined based on the present values of expected<div style="display:inline-block;width:2.14px"> </div>future cash flows using discount rates<div style="display:inline-block;width:2.18px"> </div>and prices </div><div id="a30266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.2px;">believed to be consistent with those used by principal<div style="display:inline-block;width:1.95px"> </div>market participants, or based on a multiple<div style="display:inline-block;width:1.94px"> </div>of </div><div id="a30268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">operating cash flow validated with historical<div style="display:inline-block;width:2.17px"> </div>market transactions of similar assets<div style="display:inline-block;width:2.17px"> </div>where possible.<div style="display:inline-block;width:6.65px"> </div>Long-</div><div id="a30271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;">lived assets committed by management for disposal<div style="display:inline-block;width:1.88px"> </div>within one year are accounted for at<div style="display:inline-block;width:2.14px"> </div>the lower of </div><div id="a30272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">amortized cost or fair value, less cost to sell,<div style="display:inline-block;width:2.08px"> </div>with fair value determined using a binding negotiated<div style="display:inline-block;width:2.06px"> </div>price, </div><div id="a30274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;">if available, or present value of expected future<div style="display:inline-block;width:2.17px"> </div>cash flows as previously described. </div><div id="a30276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.7px;">The expected future cash flows used for impairment<div style="display:inline-block;width:1.9px"> </div>reviews and related fair value calculations are<div style="display:inline-block;width:2.16px"> </div>based </div><div id="a30277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.9px;">on estimated future production volumes, prices<div style="display:inline-block;width:2.09px"> </div>and costs, considering all available evidence at the<div style="display:inline-block;width:2.16px"> </div>date of </div><div id="a30279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:319.9px;">review.<div style="display:inline-block;width:7.73px"> </div>The impairment review includes cash flows from<div style="display:inline-block;width:1.9px"> </div>proved developed and undeveloped reserves, </div></div><div id="TextBlockContainer522" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:888px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_508_XBRL_TS_72d689b2930d4a2eb0da7ac9ace0d835_3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer521" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:888px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:0px;">including any development expenditures necessary<div style="display:inline-block;width:1.98px"> </div>to achieve that production.<div style="display:inline-block;width:6.18px"> </div>Additionally, when </div><div id="a30284" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:16px;">probable and possible reserves exist, an appropriate<div style="display:inline-block;width:1.98px"> </div>risk-adjusted amount of these reserves may be </div><div id="a30289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:32.2px;">included in the impairment calculation.</div><div id="a30289_39_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.208px;top:32.2px;"> </div><div id="a30291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.3px;">■</div><div id="a30292" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:62.1px;"> </div><div id="a30293" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:73.9px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_509_XBRL_TS_34e8eb1bfa1e4e8dbe7cd72272b850bc" style="position:absolute;left:28.8px;top:62.3px;float:left;"><div id="TextBlockContainer510" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:602px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30294" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Impairment of Investments in Nonconsolidated<div style="display:inline-block;width:1.95px"> </div>Entities</div><div id="a30295" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.755px;top:0px;">—Investments in nonconsolidated entities<div style="display:inline-block;width:2.14px"> </div>are </div><div id="a30297" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">assessed for impairment whenever changes in the<div style="display:inline-block;width:2.14px"> </div>facts and circumstances indicate a loss<div style="display:inline-block;width:2.06px"> </div>in value has </div><div id="a30299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">occurred.<div style="display:inline-block;width:6.75px"> </div>When such a condition is judgmentally determined<div style="display:inline-block;width:1.96px"> </div>to be other than temporary, the carrying </div><div id="a30300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">value of the investment is written down to fair<div style="display:inline-block;width:2.14px"> </div>value.<div style="display:inline-block;width:6.79px"> </div>The fair value of the impaired investment<div style="display:inline-block;width:2.1px"> </div>is based </div><div id="a30302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">on quoted market prices, if available, or upon<div style="display:inline-block;width:2.15px"> </div>the present value of expected future cash flows using </div><div id="a30305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">discount rates and prices believed to be consistent<div style="display:inline-block;width:2.07px"> </div>with those used by principal market participants,<div style="display:inline-block;width:1.9px"> </div>plus </div><div id="a30309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">market analysis of comparable assets owned by the<div style="display:inline-block;width:1.96px"> </div>investee, if appropriate.</div></div></div><div id="a30309_75_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.635px;top:158.9px;"> </div><div id="a30312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:189px;">■</div><div id="a30313" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:188.9px;"> </div><div id="a30314" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:200.7px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_511_XBRL_TS_110f48e50f8f4b06a0590e5e79dd554a" style="position:absolute;left:28.8px;top:189px;float:left;"><div id="TextBlockContainer512" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:602px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30315" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Maintenance and Repairs</div><div id="a30316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:159.448px;top:0px;">—Costs of maintenance and repairs, which are<div style="display:inline-block;width:2.15px"> </div>not significant improvements, </div><div id="a30324" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">are expensed when incurred.</div></div></div><div id="a30324_27_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:193.688px;top:205.1px;"> </div><div id="a30326" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:235.3px;">■</div><div id="a30327" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:235.1px;"> </div><div id="a30328" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:246.9px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_513_XBRL_TS_b30856ecf64d45ed9c3024765e33295b" style="position:absolute;left:28.8px;top:235.3px;float:left;"><div id="TextBlockContainer514" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30329" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Property Dispositions</div><div id="a30330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.928px;top:0px;">—When complete units of depreciable property<div style="display:inline-block;width:2.17px"> </div>are sold, the asset cost and related </div><div id="a30335" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">accumulated depreciation are eliminated,<div style="display:inline-block;width:2.18px"> </div>with any gain or loss reflected in the “Gain on dispositions”<div style="display:inline-block;width:1.81px"> </div>line </div><div id="a30336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">of our consolidated income statement.<div style="display:inline-block;width:5.82px"> </div>When less than complete units of depreciable property<div style="display:inline-block;width:1.95px"> </div>are </div><div id="a30338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">disposed of or retired which do not significantly<div style="display:inline-block;width:2.14px"> </div>alter the DD&amp;A rate, the difference between asset<div style="display:inline-block;width:2.15px"> </div>cost </div><div id="a30339" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">and salvage value is charged or credited to accumulated<div style="display:inline-block;width:2.1px"> </div>depreciation.</div></div></div><div id="a30339_69_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.355px;top:299.6px;"> </div><div id="a30341" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:329.7px;">■</div><div id="a30342" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:329.5px;"> </div><div id="a30343" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:341.3px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_515_XBRL_TS_25631cca6bbb43b8aa677efe7a3423ed" style="position:absolute;left:28.8px;top:329.7px;float:left;"><div id="TextBlockContainer516" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:606px;height:321px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30344" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Asset Retirement Obligations and Environmental Costs</div><div id="a30345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.075px;top:0px;">—The</div><div id="a30348" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:373.075px;top:0px;"> </div><div id="a30349" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:376.595px;top:0px;">fair value of legal obligations to retire </div><div id="a30351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">and remove long-lived assets are recorded in<div style="display:inline-block;width:2.14px"> </div>the period in which the obligation is incurred<div style="display:inline-block;width:2.07px"> </div>(typically </div><div id="a30354" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">when the asset is installed at the production location).<div style="display:inline-block;width:5.49px"> </div>Fair value is estimated using a present value </div><div id="a30356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">approach, incorporating assumptions about estimated<div style="display:inline-block;width:1.85px"> </div>amounts and timing of settlements and<div style="display:inline-block;width:2.19px"> </div>impacts of </div><div id="a30358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">the use of technologies.<div style="display:inline-block;width:6.45px"> </div>When the liability is initially recorded,<div style="display:inline-block;width:2.14px"> </div>we capitalize this cost by increasing the </div><div id="a30361" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">carrying amount of the related PP&amp;E.<div style="display:inline-block;width:6.01px"> </div>If, in subsequent periods, our estimate of this<div style="display:inline-block;width:2.12px"> </div>liability changes, we </div><div id="a30363" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">will record an adjustment to both the liability<div style="display:inline-block;width:2.08px"> </div>and PP&amp;E.<div style="display:inline-block;width:6.7px"> </div>Over time the liability is increased for the </div><div id="a30364" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">change in its present value, and the capitalized cost<div style="display:inline-block;width:2.1px"> </div>in PP&amp;E is depreciated over the useful<div style="display:inline-block;width:2.14px"> </div>life of the </div><div id="a30366" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">related asset.<div style="display:inline-block;width:6.65px"> </div>Reductions to estimated liabilities for<div style="display:inline-block;width:2.12px"> </div>assets that are no longer producing are recorded as a </div><div id="a30367" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">credit to impairment, if the asset had been previously<div style="display:inline-block;width:2.01px"> </div>impaired, or as a credit to DD&amp;A, if the<div style="display:inline-block;width:2.15px"> </div>asset had </div><div id="a30368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">not been previously impaired.<div style="display:inline-block;width:6.11px"> </div>For additional information, see Note 9—Asset<div style="display:inline-block;width:2.02px"> </div>Retirement Obligations and </div><div id="a30375" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">Accrued Environmental Costs. </div><div id="a30377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.2px;">Environmental expenditures are expensed or capitalized,<div style="display:inline-block;width:1.79px"> </div>depending upon their future economic benefit.<div style="display:inline-block;width:2.03px"> </div></div><div id="a30378" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:223.4px;">Expenditures relating to an existing condition<div style="display:inline-block;width:2.14px"> </div>caused by past operations, and those having no future </div><div id="a30380" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:239.4px;">economic benefit, are expensed.<div style="display:inline-block;width:6.04px"> </div>Liabilities for environmental expenditures are<div style="display:inline-block;width:2.12px"> </div>recorded on an </div><div id="a30381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:255.5px;">undiscounted basis (unless acquired through a business<div style="display:inline-block;width:1.83px"> </div>combination, which we record on a discounted </div><div id="a30385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:271.5px;">basis) when environmental assessments or cleanups<div style="display:inline-block;width:2.13px"> </div>are probable and the costs can be reasonably </div><div id="a30387" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.7px;">estimated.<div style="display:inline-block;width:6.69px"> </div>Recoveries of environmental remediation costs<div style="display:inline-block;width:1.95px"> </div>from other parties are recorded as assets when </div><div id="a30388" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.9px;">their receipt is probable and estimable.</div></div></div><div id="a30388_40_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.488px;top:633.5px;"> </div><div id="a30390" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:663.6px;">■</div><div id="a30391" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:663.5px;"> </div><div id="a30392" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:675.3px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_517_XBRL_TS_87a9538bdbce490ca4388e7109c0dcaa" style="position:absolute;left:28.8px;top:663.6px;float:left;"><div id="TextBlockContainer518" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:607px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30393" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Guarantees</div><div id="a30394" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:74.608px;top:0px;">—The fair value of a guarantee is determined<div style="display:inline-block;width:2.06px"> </div>and recorded as a liability at the time the </div><div id="a30399" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">guarantee is given.<div style="display:inline-block;width:6.53px"> </div>The initial liability is subsequently reduced<div style="display:inline-block;width:2.15px"> </div>as we are released from exposure under </div><div id="a30400" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">the guarantee.<div style="display:inline-block;width:6.64px"> </div>We amortize the guarantee liability over the relevant time period, if one exists, based on </div><div id="a30402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">the facts and circumstances surrounding each type<div style="display:inline-block;width:2.06px"> </div>of guarantee.<div style="display:inline-block;width:6.67px"> </div>In cases where the guarantee term is </div><div id="a30403" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">indefinite, we reverse the liability when we have<div style="display:inline-block;width:2.17px"> </div>information indicating the liability<div style="display:inline-block;width:2.14px"> </div>is essentially relieved </div><div id="a30404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">or amortize it over an appropriate time<div style="display:inline-block;width:2.15px"> </div>period as the fair value of our guarantee exposure<div style="display:inline-block;width:2.15px"> </div>declines over </div><div id="a30406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">time.<div style="display:inline-block;width:6.82px"> </div>We amortize the guarantee liability to the related income statement line item based<div style="display:inline-block;width:2.17px"> </div>on the nature of </div><div id="a30407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">the guarantee.<div style="display:inline-block;width:6.64px"> </div>When it becomes probable that we will have<div style="display:inline-block;width:2.03px"> </div>to perform on a guarantee, we accrue a </div><div id="a30409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">separate liability if it is reasonably estimable,<div style="display:inline-block;width:2.12px"> </div>based on the facts and circumstances at that<div style="display:inline-block;width:2.09px"> </div>time.<div style="display:inline-block;width:6.82px"> </div>We </div><div id="a30410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">reverse the fair value liability only when there<div style="display:inline-block;width:2.1px"> </div>is no further exposure under the guarantee.</div></div></div><div id="a30410_92_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.515px;top:808.6px;"> </div><div id="a30412" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:838.5px;">■</div><div id="a30413" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:838.4px;"> </div><div id="a30414" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:850.2px;"><div style="display:inline-block;width:0.32px"> </div></div><div id="div_519_XBRL_TS_4635601da3914c1faed708166eb4a42b" style="position:absolute;left:28.8px;top:838.5px;float:left;"><div id="TextBlockContainer520" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:598px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30415" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Share-Based Compensation</div><div id="a30419" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:170.808px;top:0px;">—We recognize share-based compensation expense over the shorter of the </div><div id="a30423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">service period (i.e., the stated period of time required<div style="display:inline-block;width:2.04px"> </div>to earn the award) or the period beginning at<div style="display:inline-block;width:2.12px"> </div>the </div><div id="a30424" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">start of the service period and ending when an<div style="display:inline-block;width:2.15px"> </div>employee first becomes eligible for retirement.<div style="display:inline-block;width:5.69px"> </div>We have </div></div></div></div></div></div> <div id="TextBlockContainer510" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:602px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30294" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Impairment of Investments in Nonconsolidated<div style="display:inline-block;width:1.95px"> </div>Entities</div><div id="a30295" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.755px;top:0px;">—Investments in nonconsolidated entities<div style="display:inline-block;width:2.14px"> </div>are </div><div id="a30297" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">assessed for impairment whenever changes in the<div style="display:inline-block;width:2.14px"> </div>facts and circumstances indicate a loss<div style="display:inline-block;width:2.06px"> </div>in value has </div><div id="a30299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">occurred.<div style="display:inline-block;width:6.75px"> </div>When such a condition is judgmentally determined<div style="display:inline-block;width:1.96px"> </div>to be other than temporary, the carrying </div><div id="a30300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">value of the investment is written down to fair<div style="display:inline-block;width:2.14px"> </div>value.<div style="display:inline-block;width:6.79px"> </div>The fair value of the impaired investment<div style="display:inline-block;width:2.1px"> </div>is based </div><div id="a30302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">on quoted market prices, if available, or upon<div style="display:inline-block;width:2.15px"> </div>the present value of expected future cash flows using </div><div id="a30305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">discount rates and prices believed to be consistent<div style="display:inline-block;width:2.07px"> </div>with those used by principal market participants,<div style="display:inline-block;width:1.9px"> </div>plus </div><div id="a30309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">market analysis of comparable assets owned by the<div style="display:inline-block;width:1.96px"> </div>investee, if appropriate.</div></div> <div id="TextBlockContainer512" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:602px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30315" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Maintenance and Repairs</div><div id="a30316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:159.448px;top:0px;">—Costs of maintenance and repairs, which are<div style="display:inline-block;width:2.15px"> </div>not significant improvements, </div><div id="a30324" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">are expensed when incurred.</div></div> <div id="TextBlockContainer514" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30329" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Property Dispositions</div><div id="a30330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.928px;top:0px;">—When complete units of depreciable property<div style="display:inline-block;width:2.17px"> </div>are sold, the asset cost and related </div><div id="a30335" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">accumulated depreciation are eliminated,<div style="display:inline-block;width:2.18px"> </div>with any gain or loss reflected in the “Gain on dispositions”<div style="display:inline-block;width:1.81px"> </div>line </div><div id="a30336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">of our consolidated income statement.<div style="display:inline-block;width:5.82px"> </div>When less than complete units of depreciable property<div style="display:inline-block;width:1.95px"> </div>are </div><div id="a30338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">disposed of or retired which do not significantly<div style="display:inline-block;width:2.14px"> </div>alter the DD&amp;A rate, the difference between asset<div style="display:inline-block;width:2.15px"> </div>cost </div><div id="a30339" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">and salvage value is charged or credited to accumulated<div style="display:inline-block;width:2.1px"> </div>depreciation.</div></div> <div id="TextBlockContainer516" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:606px;height:321px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30344" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Asset Retirement Obligations and Environmental Costs</div><div id="a30345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.075px;top:0px;">—The</div><div id="a30348" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:373.075px;top:0px;"> </div><div id="a30349" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:376.595px;top:0px;">fair value of legal obligations to retire </div><div id="a30351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">and remove long-lived assets are recorded in<div style="display:inline-block;width:2.14px"> </div>the period in which the obligation is incurred<div style="display:inline-block;width:2.07px"> </div>(typically </div><div id="a30354" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">when the asset is installed at the production location).<div style="display:inline-block;width:5.49px"> </div>Fair value is estimated using a present value </div><div id="a30356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">approach, incorporating assumptions about estimated<div style="display:inline-block;width:1.85px"> </div>amounts and timing of settlements and<div style="display:inline-block;width:2.19px"> </div>impacts of </div><div id="a30358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">the use of technologies.<div style="display:inline-block;width:6.45px"> </div>When the liability is initially recorded,<div style="display:inline-block;width:2.14px"> </div>we capitalize this cost by increasing the </div><div id="a30361" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">carrying amount of the related PP&amp;E.<div style="display:inline-block;width:6.01px"> </div>If, in subsequent periods, our estimate of this<div style="display:inline-block;width:2.12px"> </div>liability changes, we </div><div id="a30363" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">will record an adjustment to both the liability<div style="display:inline-block;width:2.08px"> </div>and PP&amp;E.<div style="display:inline-block;width:6.7px"> </div>Over time the liability is increased for the </div><div id="a30364" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">change in its present value, and the capitalized cost<div style="display:inline-block;width:2.1px"> </div>in PP&amp;E is depreciated over the useful<div style="display:inline-block;width:2.14px"> </div>life of the </div><div id="a30366" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">related asset.<div style="display:inline-block;width:6.65px"> </div>Reductions to estimated liabilities for<div style="display:inline-block;width:2.12px"> </div>assets that are no longer producing are recorded as a </div><div id="a30367" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">credit to impairment, if the asset had been previously<div style="display:inline-block;width:2.01px"> </div>impaired, or as a credit to DD&amp;A, if the<div style="display:inline-block;width:2.15px"> </div>asset had </div><div id="a30368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">not been previously impaired.<div style="display:inline-block;width:6.11px"> </div>For additional information, see Note 9—Asset<div style="display:inline-block;width:2.02px"> </div>Retirement Obligations and </div><div id="a30375" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">Accrued Environmental Costs. </div><div id="a30377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.2px;">Environmental expenditures are expensed or capitalized,<div style="display:inline-block;width:1.79px"> </div>depending upon their future economic benefit.<div style="display:inline-block;width:2.03px"> </div></div><div id="a30378" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:223.4px;">Expenditures relating to an existing condition<div style="display:inline-block;width:2.14px"> </div>caused by past operations, and those having no future </div><div id="a30380" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:239.4px;">economic benefit, are expensed.<div style="display:inline-block;width:6.04px"> </div>Liabilities for environmental expenditures are<div style="display:inline-block;width:2.12px"> </div>recorded on an </div><div id="a30381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:255.5px;">undiscounted basis (unless acquired through a business<div style="display:inline-block;width:1.83px"> </div>combination, which we record on a discounted </div><div id="a30385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:271.5px;">basis) when environmental assessments or cleanups<div style="display:inline-block;width:2.13px"> </div>are probable and the costs can be reasonably </div><div id="a30387" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.7px;">estimated.<div style="display:inline-block;width:6.69px"> </div>Recoveries of environmental remediation costs<div style="display:inline-block;width:1.95px"> </div>from other parties are recorded as assets when </div><div id="a30388" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.9px;">their receipt is probable and estimable.</div></div> <div id="TextBlockContainer518" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:607px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30393" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Guarantees</div><div id="a30394" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:74.608px;top:0px;">—The fair value of a guarantee is determined<div style="display:inline-block;width:2.06px"> </div>and recorded as a liability at the time the </div><div id="a30399" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">guarantee is given.<div style="display:inline-block;width:6.53px"> </div>The initial liability is subsequently reduced<div style="display:inline-block;width:2.15px"> </div>as we are released from exposure under </div><div id="a30400" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">the guarantee.<div style="display:inline-block;width:6.64px"> </div>We amortize the guarantee liability over the relevant time period, if one exists, based on </div><div id="a30402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">the facts and circumstances surrounding each type<div style="display:inline-block;width:2.06px"> </div>of guarantee.<div style="display:inline-block;width:6.67px"> </div>In cases where the guarantee term is </div><div id="a30403" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">indefinite, we reverse the liability when we have<div style="display:inline-block;width:2.17px"> </div>information indicating the liability<div style="display:inline-block;width:2.14px"> </div>is essentially relieved </div><div id="a30404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">or amortize it over an appropriate time<div style="display:inline-block;width:2.15px"> </div>period as the fair value of our guarantee exposure<div style="display:inline-block;width:2.15px"> </div>declines over </div><div id="a30406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">time.<div style="display:inline-block;width:6.82px"> </div>We amortize the guarantee liability to the related income statement line item based<div style="display:inline-block;width:2.17px"> </div>on the nature of </div><div id="a30407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">the guarantee.<div style="display:inline-block;width:6.64px"> </div>When it becomes probable that we will have<div style="display:inline-block;width:2.03px"> </div>to perform on a guarantee, we accrue a </div><div id="a30409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">separate liability if it is reasonably estimable,<div style="display:inline-block;width:2.12px"> </div>based on the facts and circumstances at that<div style="display:inline-block;width:2.09px"> </div>time.<div style="display:inline-block;width:6.82px"> </div>We </div><div id="a30410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">reverse the fair value liability only when there<div style="display:inline-block;width:2.1px"> </div>is no further exposure under the guarantee.</div></div> <div id="TextBlockContainer520" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:598px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30415" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.333px;top:0px;">Share-Based Compensation</div><div id="a30419" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:170.808px;top:0px;">—We recognize share-based compensation expense over the shorter of the </div><div id="a30423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">service period (i.e., the stated period of time required<div style="display:inline-block;width:2.04px"> </div>to earn the award) or the period beginning at<div style="display:inline-block;width:2.12px"> </div>the </div><div id="a30424" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">start of the service period and ending when an<div style="display:inline-block;width:2.15px"> </div>employee first becomes eligible for retirement.<div style="display:inline-block;width:5.69px"> </div>We have </div></div><div id="TextBlockContainer532" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_524_XBRL_TS_72d689b2930d4a2eb0da7ac9ace0d835_4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer531" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:0px;">elected to recognize expense on a straight-line<div style="display:inline-block;width:2.07px"> </div>basis over the service period for the entire<div style="display:inline-block;width:2.03px"> </div>award, whether </div><div id="a30432" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.493px;top:16.2px;">the award was granted with ratable or cliff vesting.</div><div id="a30432_52_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:318.488px;top:16.2px;"> </div><div id="a30434" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.1px;">■</div><div id="a30435" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:46px;"> </div><div id="a30436" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:57.8px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_525_XBRL_TS_15bf27256bea48f58d1d03dca4561db3" style="position:absolute;left:28.8px;top:46.1px;float:left;"><div id="TextBlockContainer526" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:604px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30438" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Income Taxes</div><div id="a30439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:88.528px;top:0px;">—Deferred income taxes are computed using<div style="display:inline-block;width:2.14px"> </div>the liability method and are provided on all </div><div id="a30442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">temporary differences between the financial reporting basis<div style="display:inline-block;width:1.93px"> </div>and the tax basis of our assets and liabilities, </div><div id="a30443" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">except for deferred taxes on income and temporary<div style="display:inline-block;width:2.11px"> </div>differences related to the cumulative translation </div><div id="a30444" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">adjustment considered to be permanently reinvested<div style="display:inline-block;width:2.03px"> </div>in certain foreign subsidiaries and<div style="display:inline-block;width:2.16px"> </div>foreign corporate </div><div id="a30446" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">joint ventures.<div style="display:inline-block;width:6.65px"> </div>Allowable tax credits are applied currently<div style="display:inline-block;width:2.13px"> </div>as reductions of the provision for income </div><div id="a30447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">taxes.<div style="display:inline-block;width:6.91px"> </div>Interest related to unrecognized tax benefits<div style="display:inline-block;width:2.15px"> </div>is reflected in interest and debt expense, and<div style="display:inline-block;width:2.09px"> </div>penalties </div><div id="a30449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">related to unrecognized tax benefits are reflected<div style="display:inline-block;width:2.07px"> </div>in production and operating expenses.</div></div></div><div id="a30449_88_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.715px;top:142.7px;"> </div><div id="a30451" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:172.8px;">■</div><div id="a30452" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:172.7px;"> </div><div id="a30453" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:184.5px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_527_XBRL_TS_ad46d2ba3bad429c81a155bdcd75d3e7" style="position:absolute;left:28.8px;top:172.8px;float:left;"><div id="TextBlockContainer528" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:573px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30455" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Taxes Collected from Customers and Remitted to Governmental Authorities</div><div id="a30456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:462.355px;top:0px;">—Sales and value-</div><div id="a30459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">added taxes are recorded net.</div></div></div><div id="a30459_29_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:196.408px;top:189px;"> </div><div id="a30462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:219.1px;">■</div><div id="a30463" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:13.173px;top:218.9px;"> </div><div id="a30464" style="position:absolute;font-family:'Times New Roman';font-size:1.28px;font-weight:bold;font-style:normal;left:33.493px;top:230.7px;"><div style="display:inline-block;width:0.64px"> </div></div><div id="div_529_XBRL_TS_ca9c4d69bc2544779d987f26c14f6021" style="position:absolute;left:28.8px;top:219.1px;float:left;"><div id="TextBlockContainer530" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30465" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Net Income (Loss) Per Share of Common Stock</div><div id="a30466" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.568px;top:0px;">—Basic net income (loss) per share of common stock </div><div id="a30468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">is calculated based upon the daily weighted-average<div style="display:inline-block;width:2.02px"> </div>number of common shares outstanding during<div style="display:inline-block;width:2.18px"> </div>the </div><div id="a30471" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">year.<div style="display:inline-block;width:7.59px"> </div>Also, this</div><div id="a30472" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;left:93.008px;top:32.9px;"> </div><div id="a30473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.368px;top:32.2px;">calculation includes fully vested stock and unit<div style="display:inline-block;width:2.12px"> </div>awards that have not yet been issued as </div><div id="a30475" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">common stock, along with an adjustment to<div style="display:inline-block;width:2.19px"> </div>net income (loss) for dividend equivalents<div style="display:inline-block;width:2.01px"> </div>paid on unvested </div><div id="a30476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">unit awards that are considered participating<div style="display:inline-block;width:2.18px"> </div>securities.<div style="display:inline-block;width:6.67px"> </div>Diluted net income per share of common stock </div><div id="a30478" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">includes unvested stock, unit or option awards granted<div style="display:inline-block;width:1.92px"> </div>under our compensation plans and vested but </div><div id="a30479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">unexercised stock options, but only to the extent these<div style="display:inline-block;width:1.95px"> </div>instruments dilute net income per share, primarily </div><div id="a30480" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">under the treasury-stock method.<div style="display:inline-block;width:6.03px"> </div>Diluted net loss per share, which is calculated<div style="display:inline-block;width:2.11px"> </div>the same as basic net loss </div><div id="a30484" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">per share, does not assume conversion or exercise<div style="display:inline-block;width:2px"> </div>of securities that would have an antidilutive<div style="display:inline-block;width:1.99px"> </div>effect.<div style="display:inline-block;width:3.58px"> </div></div><div id="a30485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">Treasury stock is excluded from the daily weighted-average number<div style="display:inline-block;width:2.04px"> </div>of common shares outstanding in </div><div id="a30489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">both calculations.<div style="display:inline-block;width:6.44px"> </div>The earnings per share impact of the participating<div style="display:inline-block;width:1.93px"> </div>securities is immaterial.</div></div></div></div></div></div> <div id="TextBlockContainer526" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:604px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30438" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Income Taxes</div><div id="a30439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:88.528px;top:0px;">—Deferred income taxes are computed using<div style="display:inline-block;width:2.14px"> </div>the liability method and are provided on all </div><div id="a30442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">temporary differences between the financial reporting basis<div style="display:inline-block;width:1.93px"> </div>and the tax basis of our assets and liabilities, </div><div id="a30443" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">except for deferred taxes on income and temporary<div style="display:inline-block;width:2.11px"> </div>differences related to the cumulative translation </div><div id="a30444" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">adjustment considered to be permanently reinvested<div style="display:inline-block;width:2.03px"> </div>in certain foreign subsidiaries and<div style="display:inline-block;width:2.16px"> </div>foreign corporate </div><div id="a30446" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">joint ventures.<div style="display:inline-block;width:6.65px"> </div>Allowable tax credits are applied currently<div style="display:inline-block;width:2.13px"> </div>as reductions of the provision for income </div><div id="a30447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">taxes.<div style="display:inline-block;width:6.91px"> </div>Interest related to unrecognized tax benefits<div style="display:inline-block;width:2.15px"> </div>is reflected in interest and debt expense, and<div style="display:inline-block;width:2.09px"> </div>penalties </div><div id="a30449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">related to unrecognized tax benefits are reflected<div style="display:inline-block;width:2.07px"> </div>in production and operating expenses.</div></div> <div id="TextBlockContainer528" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:573px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30455" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Taxes Collected from Customers and Remitted to Governmental Authorities</div><div id="a30456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:462.355px;top:0px;">—Sales and value-</div><div id="a30459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">added taxes are recorded net.</div></div> <div id="TextBlockContainer530" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:608px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30465" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:5.653px;top:0px;">Net Income (Loss) Per Share of Common Stock</div><div id="a30466" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.568px;top:0px;">—Basic net income (loss) per share of common stock </div><div id="a30468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">is calculated based upon the daily weighted-average<div style="display:inline-block;width:2.02px"> </div>number of common shares outstanding during<div style="display:inline-block;width:2.18px"> </div>the </div><div id="a30471" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">year.<div style="display:inline-block;width:7.59px"> </div>Also, this</div><div id="a30472" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:italic;left:93.008px;top:32.9px;"> </div><div id="a30473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.368px;top:32.2px;">calculation includes fully vested stock and unit<div style="display:inline-block;width:2.12px"> </div>awards that have not yet been issued as </div><div id="a30475" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">common stock, along with an adjustment to<div style="display:inline-block;width:2.19px"> </div>net income (loss) for dividend equivalents<div style="display:inline-block;width:2.01px"> </div>paid on unvested </div><div id="a30476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">unit awards that are considered participating<div style="display:inline-block;width:2.18px"> </div>securities.<div style="display:inline-block;width:6.67px"> </div>Diluted net income per share of common stock </div><div id="a30478" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">includes unvested stock, unit or option awards granted<div style="display:inline-block;width:1.92px"> </div>under our compensation plans and vested but </div><div id="a30479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">unexercised stock options, but only to the extent these<div style="display:inline-block;width:1.95px"> </div>instruments dilute net income per share, primarily </div><div id="a30480" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">under the treasury-stock method.<div style="display:inline-block;width:6.03px"> </div>Diluted net loss per share, which is calculated<div style="display:inline-block;width:2.11px"> </div>the same as basic net loss </div><div id="a30484" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">per share, does not assume conversion or exercise<div style="display:inline-block;width:2px"> </div>of securities that would have an antidilutive<div style="display:inline-block;width:1.99px"> </div>effect.<div style="display:inline-block;width:3.58px"> </div></div><div id="a30485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">Treasury stock is excluded from the daily weighted-average number<div style="display:inline-block;width:2.04px"> </div>of common shares outstanding in </div><div id="a30489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">both calculations.<div style="display:inline-block;width:6.44px"> </div>The earnings per share impact of the participating<div style="display:inline-block;width:1.93px"> </div>securities is immaterial.</div></div> <div id="TextBlockContainer536" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:632px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30493" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 2—Changes in Accounting Principles </div><div id="a30497" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="div_534_XBRL_TS_4392becb3be543e794d91b07a7799d33" style="position:absolute;left:0px;top:32.2px;float:left;"><div id="TextBlockContainer535" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:632px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30498" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:0px;">We adopted the provisions of FASB ASU No. 2016-13, “Measurement of Credit Losses on Financial </div><div id="a30501" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:16.2px;">Instruments,” (ASC Topic 326) and its amendments, beginning January 1, 2020. This ASU, as amended, sets </div><div id="a30502" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:32.2px;">forth the current expected credit loss model, a new forward-looking impairment model for certain financial </div><div id="a30505" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:48.3px;">instruments measured at amortized cost basis based on expected losses rather than incurred losses. This ASU, </div><div id="a30508" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:64.5px;">as amended, which primarily applies to our accounts receivable, also requires credit losses related to available-</div><div id="a30510" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:80.5px;">for-sale debt securities to be recorded through an allowance for credit losses. The adoption of this ASU did </div><div id="a30514" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:96.6px;">not have a material impact to our financial statements. The majority of our receivables are due within 30 days </div><div id="a30515" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:112.6px;">or less. We monitor the credit quality of our counterparties through review of collections, credit ratings, and </div><div id="a30517" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:128.8px;">other analyses. We develop our estimated allowance for credit losses primarily using an aging method and </div><div id="a30518" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:145px;">analyses of historical loss rates as well as consideration of current and future conditions that could impact our </div><div id="a30519" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:161px;">counterparties’ credit quality and liquidity.</div></div></div></div> <div id="TextBlockContainer535" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:632px;height:178px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30498" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:0px;">We adopted the provisions of FASB ASU No. 2016-13, “Measurement of Credit Losses on Financial </div><div id="a30501" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:16.2px;">Instruments,” (ASC Topic 326) and its amendments, beginning January 1, 2020. This ASU, as amended, sets </div><div id="a30502" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:32.2px;">forth the current expected credit loss model, a new forward-looking impairment model for certain financial </div><div id="a30505" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:48.3px;">instruments measured at amortized cost basis based on expected losses rather than incurred losses. This ASU, </div><div id="a30508" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:64.5px;">as amended, which primarily applies to our accounts receivable, also requires credit losses related to available-</div><div id="a30510" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:80.5px;">for-sale debt securities to be recorded through an allowance for credit losses. The adoption of this ASU did </div><div id="a30514" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:96.6px;">not have a material impact to our financial statements. The majority of our receivables are due within 30 days </div><div id="a30515" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:112.6px;">or less. We monitor the credit quality of our counterparties through review of collections, credit ratings, and </div><div id="a30517" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:128.8px;">other analyses. We develop our estimated allowance for credit losses primarily using an aging method and </div><div id="a30518" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:145px;">analyses of historical loss rates as well as consideration of current and future conditions that could impact our </div><div id="a30519" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:161px;">counterparties’ credit quality and liquidity.</div></div> We adopted the provisions of FASB ASU No. 2016-13, “Measurement of Credit Losses on Financial Instruments,” (ASC Topic 326) and its amendments, beginning January 1, 2020. This ASU, as amended, sets forth the current expected credit loss model, a new forward-looking impairment model for certain financial instruments measured at amortized cost basis based on expected losses rather than incurred losses. This ASU, as amended, which primarily applies to our accounts receivable, also requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses. The adoption of this ASU did not have a material impact to our financial statements. The majority of our receivables are due within 30 days or less. We monitor the credit quality of our counterparties through review of collections, credit ratings, and other analyses. We develop our estimated allowance for credit losses primarily using an aging method and analyses of historical loss rates as well as consideration of current and future conditions that could impact our counterparties’ credit quality and liquidity. <div id="TextBlockContainer540" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_538_XBRL_CS_5c32e843b1c94025b9d19ee15f2640f0" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer539" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30527" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 3—Inventories </div><div id="a30540" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.6px;">Inventories at December 31 were: </div><div id="a30552" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:59.2px;">Millions of Dollars </div><div id="a30556" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.755px;top:75.9px;">2020 </div><div id="a30559" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:75.9px;">2019 </div><div id="a30566" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:108.8px;">Crude oil and natural gas </div><div id="a30568" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:434.835px;top:108.8px;">$ </div><div id="a30570" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:507.795px;top:108.8px;">461</div><div id="a30573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:108.8px;">472</div><div id="a30575" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:124.8px;">Materials and supplies </div><div id="a30578" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:507.795px;top:124.8px;">541</div><div id="a30581" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:124.8px;">554</div><div id="a30584" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:434.835px;top:144px;">$ </div><div id="a30586" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:497.235px;top:144px;">1,002</div><div id="a30589" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:144px;">1,026</div></div></div></div> <div id="TextBlockContainer539" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30527" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 3—Inventories </div><div id="a30540" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.6px;">Inventories at December 31 were: </div><div id="a30552" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:59.2px;">Millions of Dollars </div><div id="a30556" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.755px;top:75.9px;">2020 </div><div id="a30559" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:75.9px;">2019 </div><div id="a30566" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:108.8px;">Crude oil and natural gas </div><div id="a30568" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:434.835px;top:108.8px;">$ </div><div id="a30570" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:507.795px;top:108.8px;">461</div><div id="a30573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:108.8px;">472</div><div id="a30575" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:124.8px;">Materials and supplies </div><div id="a30578" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:507.795px;top:124.8px;">541</div><div id="a30581" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:124.8px;">554</div><div id="a30584" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:434.835px;top:144px;">$ </div><div id="a30586" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:497.235px;top:144px;">1,002</div><div id="a30589" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:144px;">1,026</div></div><div id="TextBlockContainer542" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:630px;height:98px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Inventories valued on the LIFO basis totaled<div style="display:inline-block;width:2.12px"> </div>$</div><div id="a30593_46_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:264.888px;top:0px;">282</div><div id="a30593_49_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:286.008px;top:0px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a30593_63_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:364.088px;top:0px;">286</div><div id="a30593_66_40" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:385.235px;top:0px;"><div style="display:inline-block;width:3.52px"> </div>million at December 31, 2020 and 2019, </div><div id="a30601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">respectively.<div style="display:inline-block;width:7.61px"> </div>In the first quarter of 2020, we recorded a lower<div style="display:inline-block;width:2.14px"> </div>of cost or market adjustment of $</div><div id="a30601_98_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.368px;top:16.2px;">228</div><div id="a30601_101_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.488px;top:16.2px;"><div style="display:inline-block;width:3.52px"> </div>million to </div><div id="a30604" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">our crude oil and natural gas inventories, which is<div style="display:inline-block;width:2.1px"> </div>included in the “Purchased commodities”<div style="display:inline-block;width:2.02px"> </div>line on our </div><div id="a30610" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">consolidated income statement.<div style="display:inline-block;width:6.11px"> </div>Commodity prices have since improved.<div style="display:inline-block;width:5.82px"> </div>The estimated excess of current </div><div id="a30615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">replacement cost over LIFO cost of inventories<div style="display:inline-block;width:2.16px"> </div>was approximately $</div><div id="a30615_66_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.368px;top:64.4px;">87</div><div id="a30615_68_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.475px;top:64.4px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a30615_82_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.555px;top:64.4px;">155</div><div id="a30615_85_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.674px;top:64.4px;"><div style="display:inline-block;width:3.52px"> </div>million at </div><div id="a30622" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">December 31, 2020 and 2019, respectively.</div></div> 461000000 472000000 541000000 554000000 1002000000 1026000000 282000000 286000000 228000000 87000000 155000000 <div id="TextBlockContainer544" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:564px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a30634" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 4—Asset Acquisitions and Dispositions </div><div id="a30638" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="a30639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">All gains or losses on asset dispositions<div style="display:inline-block;width:2.18px"> </div>are reported before-tax and are included net in the<div style="display:inline-block;width:2.13px"> </div>“Gain on </div><div id="a30642" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">dispositions” line on our consolidated income<div style="display:inline-block;width:2.14px"> </div>statement.<div style="display:inline-block;width:6.53px"> </div>All cash proceeds and payments are included in the </div><div id="a30645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">“Cash Flows From Investing Activities” section<div style="display:inline-block;width:2.09px"> </div>of our consolidated statement of cash flows.<div style="display:inline-block;width:2.18px"> </div></div><div id="a30671" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:530.875px;top:64.3px;"> </div><div id="a30672" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:80.5px;"> </div><div id="a30673" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">On January 15, 2021, we completed our acquisition<div style="display:inline-block;width:1.82px"> </div>of Concho Resources Inc. (Concho), an independent<div style="display:inline-block;width:2.05px"> </div>oil </div><div id="a30705" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">and gas exploration and production company<div style="display:inline-block;width:2.11px"> </div>with operations across New Mexico and West<div style="display:inline-block;width:3.47px"> </div>Texas focused in </div><div id="a30738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">the Permian Basin.<div style="display:inline-block;width:6.52px"> </div>Total consideration for the all-stock transaction was valued at $</div><div id="a30738_85_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.715px;top:128.8px;">13.1</div><div id="a30738_89_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.195px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>billion, in which </div><div id="a30738_108_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:597.435px;top:128.8px;">1.46</div><div id="a30738_112_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.915px;top:128.8px;"> </div><div id="a30776" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">shares of ConocoPhillips common stock<div style="display:inline-block;width:2.17px"> </div>was exchanged for each outstanding share of<div style="display:inline-block;width:2.16px"> </div>Concho common stock, </div><div id="a30806" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">resulting in the issuance of approximately </div><div id="a30806_43_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:242.808px;top:161px;">286</div><div id="a30806_46_57" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:263.928px;top:161px;"><div style="display:inline-block;width:3.52px"> </div>million shares of ConocoPhillips common<div style="display:inline-block;width:2.08px"> </div>stock.<div style="display:inline-block;width:6.8px"> </div>We also </div><div id="a30837" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">assumed $</div><div id="a30837_9_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:63.568px;top:177.1px;">3.9</div><div id="a30837_12_98" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:81.008px;top:177.1px;"><div style="display:inline-block;width:3.52px"> </div>billion in aggregate principal amount of outstanding<div style="display:inline-block;width:1.84px"> </div>debt for Concho, which was recorded at fair </div><div id="a30871" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">value of $</div><div id="a30871_10_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:60.848px;top:193.1px;">4.7</div><div id="a30871_13_99" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:78.288px;top:193.1px;"><div style="display:inline-block;width:3.52px"> </div>billion as of the closing date.<div style="display:inline-block;width:6.01px"> </div>For additional information related to this<div style="display:inline-block;width:2.17px"> </div>transaction, see Note </div><div id="a30908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">25—Acquisition of Concho Resources Inc. </div><div id="a30920" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:225.5px;"> </div><div id="a30921" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:241.5px;">2020 </div><div id="a30924" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:257.6px;">Asset Acquisition </div><div id="a30928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.6px;">In August 2020, we completed the acquisition<div style="display:inline-block;width:2.06px"> </div>of additional Montney acreage in Canada from Kelt<div style="display:inline-block;width:2.05px"> </div>Exploration </div><div id="a30960" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">Ltd. for $</div><div id="a30960_10_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:58.128px;top:289.8px;">382</div><div id="a30960_13_62" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:79.088px;top:289.8px;"><div style="display:inline-block;width:3.52px"> </div>million after customary adjustments, plus the<div style="display:inline-block;width:2.02px"> </div>assumption of $</div><div id="a30960_75_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.275px;top:289.8px;">31</div><div id="a30960_77_34" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.355px;top:289.8px;"><div style="display:inline-block;width:3.52px"> </div>million in financing obligations </div><div id="a30992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.9px;">associated with partially owned infrastructure.<div style="display:inline-block;width:5.65px"> </div>This acquisition consisted primarily<div style="display:inline-block;width:2.17px"> </div>of undeveloped properties </div><div id="a31016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.9px;">and included </div><div id="a31016_13_7" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:80.208px;top:321.9px;">140,000</div><div id="a31016_20_83" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:125.808px;top:321.9px;"><div style="display:inline-block;width:3.36px"> </div>net acres in the liquids-rich Inga Fireweed asset<div style="display:inline-block;width:2.03px"> </div>Montney zone, which is directly </div><div id="a31050" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">adjacent to our existing Montney position.<div style="display:inline-block;width:5.81px"> </div>The transaction increased<div style="display:inline-block;width:2.73px"> </div>our Montney acreage position to </div><div id="a31079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.3px;">approximately </div><div id="a31079_14_7" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:89.168px;top:354.3px;">295,000</div><div id="a31079_21_18" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.768px;top:354.3px;"><div style="display:inline-block;width:3.36px"> </div>net acres with a </div><div id="a31079_39_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:229.208px;top:354.3px;">100</div><div id="a31079_42_67" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.168px;top:354.3px;"><div style="display:inline-block;width:3.52px"> </div>percent working interest.<div style="display:inline-block;width:6.07px"> </div>This agreement was accounted for as an </div><div id="a31115" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">asset acquisition resulting in the recognition of $</div><div id="a31115_51_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:277.368px;top:370.3px;">490</div><div id="a31115_54_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.488px;top:370.3px;"><div style="display:inline-block;width:3.52px"> </div>million of PP&amp;E; $</div><div id="a31115_73_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:410.515px;top:370.3px;">77</div><div id="a31115_75_28" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:370.3px;"><div style="display:inline-block;width:3.52px"> </div>million of ARO and accrued </div><div id="a31149" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.5px;">environmental costs; and $</div><div id="a31149_26_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:155.248px;top:386.5px;">31</div><div id="a31149_28_84" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:169.208px;top:386.5px;"><div style="display:inline-block;width:3.52px"> </div>million of financing obligations recorded primarily<div style="display:inline-block;width:1.91px"> </div>to long-term debt.<div style="display:inline-block;width:6.44px"> </div>Results of </div><div id="a31181" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;">operations for the Montney asset are reported in our<div style="display:inline-block;width:1.98px"> </div>Canada segment. </div><div id="a31204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:418.6px;"> </div><div id="a31205" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:434.8px;">Assets Sold </div><div id="a31209" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">In February 2020, we sold our Waddell Ranch interests in the Permian Basin for $</div><div id="a31209_80_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:465.715px;top:450.8px;">184</div><div id="a31209_83_25" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.515px;top:450.8px;"><div style="display:inline-block;width:3.52px"> </div>million after customary </div><div id="a31245" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.9px;">adjustments.<div style="display:inline-block;width:6.65px"> </div></div><div id="a31245_14_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:82.128px;top:466.9px;">No</div><div id="a31245_16_87" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:99.408px;top:466.9px;"><div style="display:inline-block;width:3.36px"> </div>gain or loss was recognized on the sale.<div style="display:inline-block;width:5.77px"> </div>Results of operations for the Waddell Ranch </div><div id="a31280" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:482.9px;">interests sold were reported in our Lower 48 segment. </div><div id="a31298" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;"> </div><div id="a31299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.3px;">In March 2020, we completed the sale of our<div style="display:inline-block;width:2.11px"> </div>Niobrara interests for approximately $</div><div id="a31299_82_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:474.515px;top:515.3px;">359</div><div id="a31299_85_15" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:495.475px;top:515.3px;"><div style="display:inline-block;width:3.52px"> </div>million after </div><div id="a31331" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">customary adjustments and recognized a before-tax<div style="display:inline-block;width:2.18px"> </div>loss on disposition of $</div><div id="a31331_74_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:426.355px;top:531.3px;">38</div><div id="a31331_76_26" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:440.435px;top:531.3px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.52px"> </div>At the time of </div><div id="a31365" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.4px;">disposition, our interest in Niobrara had a net carrying<div style="display:inline-block;width:1.86px"> </div>value of $</div><div id="a31365_67_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.955px;top:547.4px;">397</div><div id="a31365_70_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:388.915px;top:547.4px;"><div style="display:inline-block;width:3.52px"> </div>million, consisting primarily of<div style="display:inline-block;width:2.45px"> </div></div></div><div id="TextBlockContainer546" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:822px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a31401" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">$</div><div id="a31401_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:0px;">433</div><div id="a31401_4_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:32.853px;top:0px;"><div style="display:inline-block;width:3.52px"> </div>million of PP&amp;E and $</div><div id="a31401_26_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:164.528px;top:0px;">34</div><div id="a31401_28_72" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:178.648px;top:0px;"><div style="display:inline-block;width:3.52px"> </div>million of ARO. The before-tax losses associated<div style="display:inline-block;width:2.02px"> </div>with our interests in </div><div id="a31438" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Niobrara, including the loss on disposition noted above<div style="display:inline-block;width:1.88px"> </div>and an impairment of $</div><div id="a31438_78_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:448.435px;top:16px;">386</div><div id="a31438_81_26" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:469.555px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million recorded when we </div><div id="a31472" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">signed an agreement to sell our interests in<div style="display:inline-block;width:2.13px"> </div>the fourth quarter of 2019, were $</div><div id="a31472_79_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:436.755px;top:32.2px;">25</div><div id="a31472_81_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:450.835px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a31472_95_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:528.955px;top:32.2px;">372</div><div id="a31472_98_13" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:550.075px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million for </div><div id="a31512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">the years ended December 31, 2020 and 2019,<div style="display:inline-block;width:2.13px"> </div>respectively. The before-tax earnings associated with our </div><div id="a31544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">interests in Niobrara for the year ended December<div style="display:inline-block;width:2.01px"> </div>31, 2018 was $</div><div id="a31544_64_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:373.395px;top:64.3px;">35</div><div id="a31544_66_41" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:387.315px;top:64.3px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>Results of operations for the </div><div id="a31580" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">Niobrara interests sold were reported in our<div style="display:inline-block;width:2.18px"> </div>Lower 48 segment. </div><div id="a31600" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;"> </div><div id="a31601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">In May 2020, we completed the divestiture<div style="display:inline-block;width:2.16px"> </div>of our subsidiaries that held our Australia-West assets and </div><div id="a31636" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">operations, and based on an effective date of January<div style="display:inline-block;width:2.16px"> </div>1, 2019, we received proceeds of $</div><div id="a31636_88_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.115px;top:128.8px;">765</div><div id="a31636_91_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:521.275px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>million with an </div><div id="a31674" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">additional $</div><div id="a31674_12_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:71.248px;top:144.8px;">200</div><div id="a31674_15_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:92.368px;top:144.8px;"><div style="display:inline-block;width:3.52px"> </div>million due upon final investment decision<div style="display:inline-block;width:2.12px"> </div>of the proposed Barossa development project.<div style="display:inline-block;width:5.53px"> </div>We </div><div id="a31705" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">recognized a before-tax gain of $</div><div id="a31705_33_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:190.168px;top:161px;">587</div><div id="a31705_36_78" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:211.288px;top:161px;"><div style="display:inline-block;width:3.52px"> </div>million related to this transaction in 2020.<div style="display:inline-block;width:2.15px"> </div>At the time of disposition, the </div><div id="a31745" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">net carrying value of the subsidiaries sold was approximately<div style="display:inline-block;width:1.6px"> </div>$</div><div id="a31745_63_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:358.195px;top:177px;">0.2</div><div id="a31745_66_21" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:375.795px;top:177px;"><div style="display:inline-block;width:3.52px"> </div>billion, excluding $</div><div id="a31745_87_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.435px;top:177px;">0.5</div><div id="a31745_90_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.035px;top:177px;"><div style="display:inline-block;width:3.52px"> </div>billion of cash.<div style="display:inline-block;width:6.53px"> </div>The </div><div id="a31780" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">net carrying value consisted primarily of $</div><div id="a31780_43_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:242.648px;top:193.1px;">1.3</div><div id="a31780_46_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:260.248px;top:193.1px;"><div style="display:inline-block;width:3.52px"> </div>billion of PP&amp;E and $</div><div id="a31780_68_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:388.275px;top:193.1px;">0.1</div><div id="a31780_71_43" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:405.715px;top:193.1px;"><div style="display:inline-block;width:3.52px"> </div>billion of other current assets offset by </div><div id="a31818" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">$</div><div id="a31818_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:209.3px;">0.7</div><div id="a31818_4_18" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:209.3px;"><div style="display:inline-block;width:3.52px"> </div>billion of ARO, $</div><div id="a31818_22_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:131.568px;top:209.3px;">0.3</div><div id="a31818_25_43" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:149.168px;top:209.3px;"><div style="display:inline-block;width:3.36px"> </div>billion of deferred tax liabilities, and $</div><div id="a31818_68_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:368.435px;top:209.3px;">0.2</div><div id="a31818_71_47" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.035px;top:209.3px;"><div style="display:inline-block;width:3.52px"> </div>billion of other liabilities.<div style="display:inline-block;width:5.89px"> </div>The before-tax </div><div id="a31856" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">earnings associated with the subsidiaries sold,<div style="display:inline-block;width:2.13px"> </div>including the gain on disposition noted above,<div style="display:inline-block;width:2.07px"> </div>were $</div><div id="a31856_101_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:565.595px;top:225.3px;">851</div><div id="a31856_104_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:586.555px;top:225.3px;"> </div><div id="a31886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">million, $</div><div id="a31886_10_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:59.088px;top:241.5px;">372</div><div id="a31886_13_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:80.208px;top:241.5px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a31886_27_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:158.448px;top:241.5px;">364</div><div id="a31886_30_78" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:179.448px;top:241.5px;"><div style="display:inline-block;width:3.52px"> </div>million for the years ended December 31,<div style="display:inline-block;width:2.16px"> </div>2020, 2019 and 2018, respectively.<div style="display:inline-block;width:3.32px"> </div></div><div id="a31920" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">Production from the beginning of the year through<div style="display:inline-block;width:2px"> </div>the disposition date in May 2020 averaged </div><div id="a31920_92_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.635px;top:257.5px;">43</div><div id="a31920_94_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:546.555px;top:257.5px;"><div style="display:inline-block;width:3.52px"> </div>MBOED.<div style="display:inline-block;width:3.23px"> </div></div><div id="a31954" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">Results of operations for the subsidiaries<div style="display:inline-block;width:2.17px"> </div>sold were reported in our Asia Pacific segment. </div><div id="a31983" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:289.8px;"> </div><div id="a31984" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:305.8px;">2019 </div><div id="a31987" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:322px;">Assets Sold </div><div id="a31992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">In January 2019, we entered into agreements to sell<div style="display:inline-block;width:2px"> </div>our </div><div id="a31992_56_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:318.648px;top:338.1px;">12.4</div><div id="a31992_60_48" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.155px;top:338.1px;"><div style="display:inline-block;width:3.52px"> </div>percent ownership interests in the Golden<div style="display:inline-block;width:2.15px"> </div>Pass </div><div id="a32028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">LNG Terminal and Golden Pass Pipeline.<div style="display:inline-block;width:6.87px"> </div>We also entered into agreements to amend our contractual </div><div id="a32058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">obligations for retaining use of the facilities.<div style="display:inline-block;width:5.54px"> </div>As a result of entering into these agreements, we recorded<div style="display:inline-block;width:1.98px"> </div>a </div><div id="a32095" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">before-tax impairment of $</div><div id="a32095_26_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:156.048px;top:386.3px;">60</div><div id="a32095_28_83" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:170.008px;top:386.3px;"><div style="display:inline-block;width:3.52px"> </div>million in the first quarter of 2019 which is included<div style="display:inline-block;width:2.07px"> </div>in the “Equity in earnings </div><div id="a32135" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;">of affiliates” line on our consolidated income statement.<div style="display:inline-block;width:5.5px"> </div>We completed the sale in the second quarter of 2019. </div><div id="a32172" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">Results of operations for these assets were reported<div style="display:inline-block;width:2.13px"> </div>in our Lower 48 segment.<div style="display:inline-block;width:6.32px"> </div>See Note 14—Fair Value </div><div id="a32209" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">Measurement for additional information. </div><div id="a32217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;"> </div><div id="a32218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.8px;">In April 2019, we entered into an agreement to sell<div style="display:inline-block;width:2.01px"> </div>two ConocoPhillips U.K. subsidiaries to<div style="display:inline-block;width:2.18px"> </div>Chrysaor E&amp;P </div><div id="a32252" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483px;">Limited for $</div><div id="a32252_13_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:79.408px;top:483px;">2.675</div><div id="a32252_18_94" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:110.928px;top:483px;"><div style="display:inline-block;width:3.52px"> </div>billion plus interest and customary adjustments,<div style="display:inline-block;width:2.06px"> </div>with an effective date of January 1, 2018.<div style="display:inline-block;width:2.57px"> </div></div><div id="a32286" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;">On September 30, 2019, we completed the sale for<div style="display:inline-block;width:2.13px"> </div>proceeds of $</div><div id="a32286_62_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.635px;top:499.1px;">2.2</div><div id="a32286_65_27" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:385.075px;top:499.1px;"><div style="display:inline-block;width:3.52px"> </div>billion and recognized a $</div><div id="a32286_92_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.075px;top:499.1px;">1.7</div><div id="a32286_95_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.515px;top:499.1px;"><div style="display:inline-block;width:3.52px"> </div>billion </div><div id="a32322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.1px;">before-tax and $</div><div id="a32322_16_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.528px;top:515.1px;">2.1</div><div id="a32322_19_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:114.128px;top:515.1px;"><div style="display:inline-block;width:3.36px"> </div>billion after-tax gain associated with this transaction<div style="display:inline-block;width:2.17px"> </div>in 2019.<div style="display:inline-block;width:6.81px"> </div>Together the subsidiaries </div><div id="a32356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">sold indirectly held our exploration and production<div style="display:inline-block;width:2.14px"> </div>assets in the U.K.<div style="display:inline-block;width:6.37px"> </div>At the time of disposition, the net </div><div id="a32392" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">carrying value was approximately $</div><div id="a32392_34_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:205.368px;top:547.5px;">0.5</div><div id="a32392_37_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:222.968px;top:547.5px;"><div style="display:inline-block;width:3.52px"> </div>billion, consisting primarily of $</div><div id="a32392_72_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.955px;top:547.5px;">1.6</div><div id="a32392_75_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:425.555px;top:547.5px;"><div style="display:inline-block;width:3.52px"> </div>billion of PP&amp;E, $</div><div id="a32392_94_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.275px;top:547.5px;">0.5</div><div id="a32392_97_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:550.875px;top:547.5px;"><div style="display:inline-block;width:3.52px"> </div>billion of </div><div id="a32424" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;">cumulative foreign currency translation adjustments,<div style="display:inline-block;width:1.84px"> </div>and $</div><div id="a32424_58_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.008px;top:563.5px;">0.3</div><div id="a32424_61_44" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:351.635px;top:563.5px;"><div style="display:inline-block;width:3.52px"> </div>billion of deferred tax assets, offset by $</div><div id="a32424_105_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:580.635px;top:563.5px;">1.8</div><div id="a32424_108_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:598.235px;top:563.5px;"> </div><div id="a32454" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;">billion of ARO and negative $</div><div id="a32454_29_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:174.608px;top:579.6px;">0.1</div><div id="a32454_32_74" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:192.248px;top:579.6px;"><div style="display:inline-block;width:3.52px"> </div>billion of working capital.<div style="display:inline-block;width:6.12px"> </div>The before-tax earnings associated with the </div><div id="a32488" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">subsidiaries sold, including the gain on dispositions<div style="display:inline-block;width:1.93px"> </div>noted above, were $</div><div id="a32488_73_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:410.035px;top:595.6px;">2.1</div><div id="a32488_76_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.475px;top:595.6px;"><div style="display:inline-block;width:3.52px"> </div>billion and $</div><div id="a32488_90_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:501.715px;top:595.6px;">0.9</div><div id="a32488_93_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.355px;top:595.6px;"><div style="display:inline-block;width:3.52px"> </div>billion for the </div><div id="a32526" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.8px;">years ended December 31, 2019 and 2018, respectively.<div style="display:inline-block;width:6.31px"> </div>Results of operations for the U.K. were reported </div><div id="a32559" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.9px;">within our Europe, Middle East and North Africa segment. </div><div id="a32578" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:52.688px;top:643.9px;"> </div><div id="a32579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:660.1px;">In the second quarter of 2019, we recognized an<div style="display:inline-block;width:2.06px"> </div>after-tax gain of $</div><div id="a32579_67_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:378.515px;top:660.1px;">52</div><div id="a32579_69_41" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:392.435px;top:660.1px;"><div style="display:inline-block;width:3.52px"> </div>million upon the closing of the sale of </div><div id="a32623" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:676.3px;">our </div><div id="a32623_4_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:26.933px;top:676.3px;">30</div><div id="a32623_6_86" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:41.013px;top:676.3px;"><div style="display:inline-block;width:3.51px"> </div>percent interest in the Greater Sunrise Fields<div style="display:inline-block;width:2.11px"> </div>to the government of Timor-Leste for $</div><div id="a32623_92_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.515px;top:676.3px;">350</div><div id="a32623_95_15" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.675px;top:676.3px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>The </div><div id="a32661" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:692.3px;">Greater Sunrise Fields were included in our Asia<div style="display:inline-block;width:2.12px"> </div>Pacific segment.<div style="display:inline-block;width:6.49px"> </div></div><div id="a32682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:708.5px;"> </div><div id="a32683" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:724.5px;">In the fourth quarter of 2019, we sold our interests<div style="display:inline-block;width:2.08px"> </div>in the Magnolia field and platform for net proceeds<div style="display:inline-block;width:1.92px"> </div>of $</div><div id="a32683_109_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:603.355px;top:724.5px;">16</div><div id="a32683_111_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:617.275px;top:724.5px;"> </div><div id="a32726" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:740.6px;">million and recognized a before-tax gain of $</div><div id="a32726_45_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:257.848px;top:740.6px;">82</div><div id="a32726_47_65" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:271.928px;top:740.6px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>At the time of sale, the net carrying value consisted </div><div id="a32767" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:756.8px;">of $</div><div id="a32767_4_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:26.933px;top:756.8px;">4</div><div id="a32767_5_28" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:33.973px;top:756.8px;"><div style="display:inline-block;width:3.52px"> </div>million of PP&amp;E offset by $</div><div id="a32767_33_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:195.128px;top:756.8px;">70</div><div id="a32767_35_74" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:209.048px;top:756.8px;"><div style="display:inline-block;width:3.52px"> </div>million of ARO.<div style="display:inline-block;width:6.5px"> </div>The Magnolia results of operations were reported<div style="display:inline-block;width:1.85px"> </div>within </div><div id="a32809" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:772.8px;">our Lower 48 segment. </div><div id="a32817" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:788.9px;"> </div><div id="a32818" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:804.9px;"> </div><div id="a32819" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:196.728px;top:804.9px;"> </div></div><div id="TextBlockContainer548" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:758px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a32823" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:0px;">2018 </div><div id="a32825" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:16px;">Assets Sold </div><div id="a32830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">In the first quarter of 2018, we completed the sale of<div style="display:inline-block;width:2.15px"> </div>certain properties in the Lower 48 segment<div style="display:inline-block;width:2.12px"> </div>for net </div><div id="a32867" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">proceeds of $</div><div id="a32867_13_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:80.208px;top:48.2px;">112</div><div id="a32867_16_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:101.328px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.52px"> </div></div><div id="a32867_27_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:155.568px;top:48.2px;">No</div><div id="a32867_29_77" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:172.728px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>gain or loss was recognized on the sale.<div style="display:inline-block;width:5.8px"> </div>In the second quarter of 2018, we </div><div id="a32908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">completed the sale of a package of largely undeveloped acreage<div style="display:inline-block;width:2.03px"> </div>in the Lower 48 segment for net proceeds<div style="display:inline-block;width:2.16px"> </div>of </div><div id="a32947" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">$</div><div id="a32947_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:80.5px;">105</div><div id="a32947_4_13" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:32.853px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>million and </div><div id="a32947_17_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:104.048px;top:80.5px;">no</div><div id="a32947_19_87" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:117.968px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>gain or loss was recognized on the sale.<div style="display:inline-block;width:2.16px"> </div>In the third quarter of 2018, we completed a </div><div id="a32972" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">noncash exchange of undeveloped acreage in<div style="display:inline-block;width:2.15px"> </div>the Lower 48 segment.<div style="display:inline-block;width:6.17px"> </div>The transaction was recorded at fair </div><div id="a32973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">value resulting in the recognition of a $</div><div id="a32973_41_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:225.328px;top:112.7px;">56</div><div id="a32973_43_63" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:239.408px;top:112.7px;"><div style="display:inline-block;width:3.52px"> </div>million gain.<div style="display:inline-block;width:6.64px"> </div>In the fourth quarter of 2018, we sold several </div><div id="a32995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">packages of undeveloped acreage in the Lower<div style="display:inline-block;width:2.17px"> </div>48 segment for total net proceeds of $</div><div id="a32995_83_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:482.835px;top:128.8px;">162</div><div id="a32995_86_13" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:503.955px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>million and </div><div id="a33029" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">recognized gains of approximately $</div><div id="a33029_35_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:209.208px;top:144.8px;">140</div><div id="a33029_38_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:230.328px;top:144.8px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:3px"> </div></div><div id="a33042" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:161px;"> </div><div id="a33043" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">On October 31, 2018, we completed the sale of<div style="display:inline-block;width:2.16px"> </div>our interests in the Barnett to Lime Rock Resources<div style="display:inline-block;width:1.97px"> </div>for $</div><div id="a33043_103_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:593.115px;top:177px;">196</div><div id="a33043_106_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.235px;top:177px;"> </div><div id="a33084" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">million after customary adjustments and recognized<div style="display:inline-block;width:2.04px"> </div>a loss of $</div><div id="a33084_62_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:355.955px;top:193.1px;">5</div><div id="a33084_63_43" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.995px;top:193.1px;"><div style="display:inline-block;width:3.52px"> </div>million. We recorded an impairment of $87 </div><div id="a33118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">million in 2018 to reduce the net carrying value<div style="display:inline-block;width:2.01px"> </div>of the Barnett to fair value.<div style="display:inline-block;width:6.11px"> </div>At the time of the disposition, our </div><div id="a33162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">interest in Barnett had a net carrying value of $</div><div id="a33162_49_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:268.888px;top:225.3px;">201</div><div id="a33162_52_25" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:289.848px;top:225.3px;"><div style="display:inline-block;width:3.52px"> </div>million, consisting of $</div><div id="a33162_77_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:423.315px;top:225.3px;">250</div><div id="a33162_80_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.435px;top:225.3px;"><div style="display:inline-block;width:3.52px"> </div>million of PP&amp;E and $</div><div id="a33162_102_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:576.315px;top:225.3px;">49</div><div id="a33162_104_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:590.235px;top:225.3px;"> </div><div id="a33200" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">million of AROs.<div style="display:inline-block;width:6.46px"> </div>The before-tax loss associated with our<div style="display:inline-block;width:2.17px"> </div>interests in the Barnett, including both the </div><div id="a33235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">impairment and loss on disposition noted above,<div style="display:inline-block;width:2.02px"> </div>was $</div><div id="a33235_53_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:311.768px;top:257.5px;">59</div><div id="a33235_55_52" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:325.528px;top:257.5px;"><div style="display:inline-block;width:3.52px"> </div>million for the year ended December 31, 2018.<div style="display:inline-block;width:5.76px"> </div>The </div><div id="a33271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">Barnett results of operations were included in our<div style="display:inline-block;width:2.05px"> </div>Lower 48 segment. </div><div id="a33293" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:289.8px;"> </div><div id="a33294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">On December 18, 2018, we completed the sale of<div style="display:inline-block;width:2.14px"> </div>a ConocoPhillips subsidiary to BP.<div style="display:inline-block;width:7.25px"> </div>The subsidiary held<div style="display:inline-block;width:3.07px"> </div></div><div id="a33328" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;">16.5</div><div id="a33328_4_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:322px;"><div style="display:inline-block;width:3.52px"> </div>percent of our </div><div id="a33328_20_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:114.768px;top:322px;">24</div><div id="a33328_22_76" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:128.848px;top:322px;"><div style="display:inline-block;width:3.52px"> </div>percent interest in the BP-operated Clair Field<div style="display:inline-block;width:2.05px"> </div>in the U.K.<div style="display:inline-block;width:6.55px"> </div>We retained a </div><div id="a33328_98_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:544.475px;top:322px;">7.5</div><div id="a33328_101_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.075px;top:322px;"><div style="display:inline-block;width:3.36px"> </div>percent </div><div id="a33370" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">interest in the field.<div style="display:inline-block;width:6.36px"> </div>At the same time, we acquired BP’s </div><div id="a33370_59_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:325.048px;top:338.1px;">39.2</div><div id="a33370_63_45" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.715px;top:338.1px;"><div style="display:inline-block;width:3.52px"> </div>percent nonoperated interest in the Greater </div><div id="a33406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">Kuparuk Area in Alaska, including their </div><div id="a33406_40_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:233.848px;top:354.1px;">38</div><div id="a33406_42_65" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:247.928px;top:354.1px;"><div style="display:inline-block;width:3.52px"> </div>percent interest in the Kuparuk Transportation Company (Kuparuk </div><div id="a33436" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">Assets).<div style="display:inline-block;width:6.86px"> </div>The transaction was recorded at a fair value<div style="display:inline-block;width:2.16px"> </div>of $</div><div id="a33436_59_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.648px;top:370.3px;">1,743</div><div id="a33436_64_41" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:358.355px;top:370.3px;"><div style="display:inline-block;width:3.52px"> </div>million and was cash neutral except for </div><div id="a33473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">customary adjustments which resulted in net<div style="display:inline-block;width:2.19px"> </div>proceeds of $</div><div id="a33473_57_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:332.888px;top:386.3px;">253</div><div id="a33473_60_49" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:354.035px;top:386.3px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>At closing, our interest in the Clair </div><div id="a33507" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;">Field had a net carrying value of approximately<div style="display:inline-block;width:2.14px"> </div>$</div><div id="a33507_49_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:281.688px;top:402.5px;">1,028</div><div id="a33507_54_34" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:313.208px;top:402.5px;"><div style="display:inline-block;width:3.52px"> </div>million consisting primarily of $</div><div id="a33507_88_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.675px;top:402.5px;">1,553</div><div id="a33507_93_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.235px;top:402.5px;"><div style="display:inline-block;width:3.52px"> </div>million of </div><div id="a33539" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">PP&amp;E, $</div><div id="a33539_7_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:53.808px;top:418.6px;">485</div><div id="a33539_10_43" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:74.768px;top:418.6px;"><div style="display:inline-block;width:3.52px"> </div>million of deferred tax liabilities, and $</div><div id="a33539_53_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.008px;top:418.6px;">59</div><div id="a33539_55_54" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:312.088px;top:418.6px;"><div style="display:inline-block;width:3.52px"> </div>million of AROs.<div style="display:inline-block;width:6.33px"> </div>We recognized a before-tax gain of </div><div id="a33578" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">$</div><div id="a33578_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:434.6px;">715</div><div id="a33578_4_79" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:32.853px;top:434.6px;"><div style="display:inline-block;width:3.52px"> </div>million on the transaction.<div style="display:inline-block;width:6.14px"> </div>The 2018 before-tax earnings associated<div style="display:inline-block;width:2.09px"> </div>with our </div><div id="a33578_83_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.675px;top:434.6px;">16.5</div><div id="a33578_87_25" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.995px;top:434.6px;"><div style="display:inline-block;width:3.52px"> </div>percent interest in the </div><div id="a33614" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">Clair Field, including the recognized gain, were $</div><div id="a33614_50_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:282.968px;top:450.8px;">748</div><div id="a33614_53_62" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:303.928px;top:450.8px;"><div style="display:inline-block;width:3.52px"> </div>million. Results of operations for our interest<div style="display:inline-block;width:1.96px"> </div>in the Clair </div><div id="a33651" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.8px;">Field are reported within our Europe, Middle<div style="display:inline-block;width:2.07px"> </div>East and North Africa segment and the Kuparuk<div style="display:inline-block;width:2.09px"> </div>Assets were </div><div id="a33686" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483px;">included in our Alaska segment. </div><div id="a33696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;"> </div><div id="a33697" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:515.1px;">Acquisitions </div><div id="a33699" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">In May 2018, we completed the acquisition of<div style="display:inline-block;width:2.16px"> </div>Anadarko’s </div><div id="a33699_56_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:335.288px;top:531.3px;">22</div><div id="a33699_58_45" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.395px;top:531.3px;"><div style="display:inline-block;width:3.52px"> </div>percent nonoperated interest in the Western </div><div id="a33732" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">North Slope of Alaska, as well as its interest<div style="display:inline-block;width:2px"> </div>in the Alpine Transportation Pipeline for $</div><div id="a33732_90_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:495.475px;top:547.5px;">386</div><div id="a33732_93_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:516.635px;top:547.5px;"><div style="display:inline-block;width:3.52px"> </div>million, after </div><div id="a33768" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;">customary adjustments.<div style="display:inline-block;width:6.4px"> </div>This transaction was accounted for as a business<div style="display:inline-block;width:2.08px"> </div>combination resulting in the </div><div id="a33797" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;">recognition of approximately $</div><div id="a33797_30_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:178.648px;top:579.6px;">297</div><div id="a33797_33_33" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:199.768px;top:579.6px;"><div style="display:inline-block;width:3.52px"> </div>million of proved property and $</div><div id="a33797_66_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.515px;top:579.6px;">114</div><div id="a33797_69_37" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.475px;top:579.6px;"><div style="display:inline-block;width:3.52px"> </div>million of unproved property within </div><div id="a33827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">PP&amp;E, $</div><div id="a33827_7_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:53.808px;top:595.6px;">20</div><div id="a33827_9_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:67.888px;top:595.6px;"><div style="display:inline-block;width:3.52px"> </div>million of inventory, $</div><div id="a33827_33_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:198.168px;top:595.6px;">14</div><div id="a33827_35_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:212.248px;top:595.6px;"><div style="display:inline-block;width:3.52px"> </div>million of investments, and $</div><div id="a33827_65_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:379.475px;top:595.6px;">59</div><div id="a33827_67_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:393.395px;top:595.6px;"><div style="display:inline-block;width:3.52px"> </div>million of AROs. These assets are </div><div id="a33861" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.8px;">included in our Alaska segment. </div><div id="a33871" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.9px;"> </div><div id="a33872" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:643.9px;">As discussed in the Clair Field transaction with BP<div style="display:inline-block;width:2.1px"> </div>above, we acquired BP’s Kuparuk Assets on December 18, </div><div id="a33908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:660.1px;">2018.<div style="display:inline-block;width:6.87px"> </div>The transaction was accounted for as an asset acquisition<div style="display:inline-block;width:1.57px"> </div>with a net acquisition cost of $</div><div id="a33908_97_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:538.395px;top:660.1px;">1,490</div><div id="a33908_102_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:569.915px;top:660.1px;"><div style="display:inline-block;width:3.52px"> </div>million, </div><div id="a33944" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:676.3px;">comprised of the fair value of $</div><div id="a33944_32_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:181.208px;top:676.3px;">1,743</div><div id="a33944_37_38" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:212.888px;top:676.3px;"><div style="display:inline-block;width:3.52px"> </div>million associated with the disposed </div><div id="a33944_75_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.835px;top:676.3px;">16.5</div><div id="a33944_79_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.315px;top:676.3px;"><div style="display:inline-block;width:3.52px"> </div>percent of our </div><div id="a33944_95_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.955px;top:676.3px;">24</div><div id="a33944_97_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:547.035px;top:676.3px;"><div style="display:inline-block;width:3.36px"> </div>percent </div><div id="a33981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:692.3px;">interest in the Clair Field, reduced by the net proceeds<div style="display:inline-block;width:1.95px"> </div>of $</div><div id="a33981_61_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:333.848px;top:692.3px;">253</div><div id="a33981_64_36" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:354.995px;top:692.3px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.52px"> </div>Accordingly, we recorded </div><div id="a34013" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:708.5px;">approximately $</div><div id="a34013_15_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.208px;top:708.5px;">1.9</div><div id="a34013_18_42" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:113.648px;top:708.5px;"><div style="display:inline-block;width:3.52px"> </div>billion to proved property within PP&amp;E, $</div><div id="a34013_60_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:353.395px;top:708.5px;">42</div><div id="a34013_62_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.315px;top:708.5px;"><div style="display:inline-block;width:3.52px"> </div>million to inventory, $</div><div id="a34013_86_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:496.755px;top:708.5px;">15</div><div id="a34013_88_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:510.835px;top:708.5px;"><div style="display:inline-block;width:3.56px"> </div>million to </div><div id="a34044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:724.5px;">investments, $</div><div id="a34044_14_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:85.648px;top:724.5px;">374</div><div id="a34044_17_25" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:106.768px;top:724.5px;"><div style="display:inline-block;width:3.52px"> </div>million of AROs, and a $</div><div id="a34044_42_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:251.768px;top:724.5px;">100</div><div id="a34044_45_61" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:272.728px;top:724.5px;"><div style="display:inline-block;width:3.52px"> </div>million decrease to net working capital.<div style="display:inline-block;width:2.13px"> </div>The Kuparuk Assets </div><div id="a34079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:740.6px;">are included in our Alaska segment.</div></div> 13100000000 1.46 286000000 3900000000 4700000000 382000000 31000000 140000 295000 1 490000000 77000000 31000000 184000000 0 359000000 38000000 397000000 433000000 34000000 386000000 25000000 372000000 35000000 765000000 200000000 587000000 200000000 500000000 1300000000 100000000 700000000 300000000 200000000 -851000000 -372000000 -364000000 43 0.124 60000000 2675000000 2200000000 1700000000 2100000000 500000000 1600000000 500000000 300000000 1800000000 -100000000 2100000 900000 52000000 0.30 350000000 16000000 82000000 4000000 70000000 112000000 0 105000000 0 56000000 162000000 140000000 196000000 5000000 201000000 250000000 49000000 -59000000 0.165 0.24 0.075 0.392 0.38 1743000000 253000000 1028000000 1553000000 485000000 59000000 715000000 0.165 748000000 0.22 386000000 297000000 114000000 20000000 14000000 59000000 1490000000 1743000000 0.165 0.24 253000000 1900000000 42000000 15000000 374000000 -100000000 <div id="TextBlockContainer552" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:207px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_550_XBRL_CS_5178a38e29194f1ba00b74f952db9e5e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer551" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:207px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34096" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 5—Investments, Loans and Long-Term Receivables<div style="display:inline-block;width:2.91px"> </div></div><div id="a34112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.9px;">Components of investments, loans and long-term<div style="display:inline-block;width:2.01px"> </div>receivables at December 31 were: </div><div id="a34123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.035px;top:60px;">Millions of Dollars </div><div id="a34126" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:523.835px;top:76.7px;">2020 </div><div id="a34129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:76.7px;">2019 </div><div id="a34136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.6px;">Equity investments </div><div id="a34138" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:109.6px;">$ </div><div id="a34140" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:109.6px;">7,596</div><div id="a34143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:109.6px;">8,234</div><div id="a34145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.6px;">Loans and advances—related parties </div><div id="a34150" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:526.875px;top:125.6px;">114</div><div id="a34153" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:125.6px;">219</div><div id="a34155" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:141.8px;">Long-term receivables </div><div id="a34160" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:526.875px;top:141.8px;">137</div><div id="a34163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:141.8px;">243</div><div id="a34165" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:157.9px;">Long-term investments in debt securities </div><div id="a34171" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:526.875px;top:157.9px;">217</div><div id="a34174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:157.9px;">133</div><div id="a34176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:173.9px;">Other investments </div><div id="a34179" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:533.755px;top:173.9px;">67</div><div id="a34182" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:173.9px;">77</div><div id="a34185" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:190.7px;">$ </div><div id="a34187" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:190.7px;">8,131</div><div id="a34190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:190.7px;">8,906</div></div></div></div><div id="TextBlockContainer554" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:590px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34194" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Equity Investments </div><div id="a34196" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Affiliated companies in which we had a significant<div style="display:inline-block;width:2.16px"> </div>equity investment at December 31, 2020, included:</div></div><div id="TextBlockContainer556" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:581px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34202" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:0px;">APLNG—</div><div id="a34202_6_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:62.027px;top:0px;">37.5</div><div id="a34202_10_49" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:85.547px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>percent owned joint venture with Origin Energy (</div><div id="a34202_59_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:352.906px;top:0px;">37.5</div><div id="a34202_63_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:376.333px;top:0px;"><div style="display:inline-block;width:3.36px"> </div>percent) and Sinopec (</div><div id="a34202_86_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.013px;top:0px;">25</div><div id="a34202_88_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.493px;top:0px;"><div style="display:inline-block;width:3.2px"> </div>percent)—</div><div id="a34213" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">to produce CBM from the Bowen and Surat basins in Queensland, Australia, as well as process<div style="display:inline-block;width:4.83px"> </div>and export </div><div id="a34219" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:30.6px;">LNG.</div></div><div id="TextBlockContainer558" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:584px;height:47px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:0px;">Qatar Liquefied Gas Company Limited (3) (QG3)—30 percent owned<div style="display:inline-block;width:4.95px"> </div>joint venture with affiliates of Qatar </div><div id="a34227" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:15.4px;">Petroleum (</div><div id="a34227_11_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:67.147px;top:15.4px;">68.5</div><div id="a34227_15_34" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:90.506px;top:15.4px;"><div style="display:inline-block;width:3.2px"> </div>percent) and Mitsui &amp; Co., Ltd. (</div><div id="a34227_49_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.506px;top:15.4px;">1.5</div><div id="a34227_52_50" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:287.146px;top:15.4px;"><div style="display:inline-block;width:3.36px"> </div>percent)—produces and liquefies natural gas from </div><div id="a34230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:30.7px;">Qatar’s North Field, as well as exports LNG.</div></div><div id="TextBlockContainer562" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:149px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_560_XBRL_CS_9fc2c44e9af14b41a754bf04cbbd3beb" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer561" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:149px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Summarized 100 percent earnings information<div style="display:inline-block;width:2.03px"> </div>for equity method investments in affiliated companies, </div><div id="a34238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">combined, was as follows: </div><div id="a34248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:48px;">Millions of Dollars </div><div id="a34251" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:66.6px;">2020 </div><div id="a34254" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:66.6px;">2019 </div><div id="a34257" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:66.6px;">2018 </div><div id="a34265" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Revenues </div><div id="a34267" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:99.5px;">$ </div><div id="a34269" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:99.5px;">7,931</div><div id="a34272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:99.5px;">11,310</div><div id="a34275" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:99.5px;">11,654</div><div id="a34277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:115.5px;">Income before income taxes </div><div id="a34280" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:115.5px;">1,843</div><div id="a34283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:115.5px;">3,726</div><div id="a34286" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:115.5px;">3,660</div><div id="a34288" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.7px;">Net income </div><div id="a34291" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:131.7px;">1,426</div><div id="a34294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:131.7px;">3,085</div><div id="a34297" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:131.7px;">3,244</div></div></div></div><div id="TextBlockContainer565" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34301" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Summarized 100 percent balance sheet information<div style="display:inline-block;width:2.13px"> </div>for equity method investments in affiliated<div style="display:inline-block;width:2.18px"> </div>companies,<div style="display:inline-block;width:6.93px"> </div></div><div id="a34306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">combined, was as follows: </div><div id="a34314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.035px;top:45.9px;">Millions of Dollars </div><div id="a34317" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:523.835px;top:62.7px;">2020 </div><div id="a34320" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.7px;">2019 </div><div id="a34327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.6px;">Current assets </div><div id="a34330" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:95.6px;">$ </div><div id="a34332" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:95.6px;">2,579</div><div id="a34335" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:95.6px;">3,289</div><div id="a34337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.7px;">Noncurrent assets </div><div id="a34340" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.235px;top:111.7px;">35,257</div><div id="a34343" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:111.7px;">38,905</div><div id="a34345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.9px;">Current liabilities </div><div id="a34348" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:127.9px;">2,110</div><div id="a34351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:127.9px;">2,603</div><div id="a34353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.9px;">Noncurrent liabilities </div><div id="a34356" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.235px;top:143.9px;">18,099</div><div id="a34359" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:143.9px;">22,168</div></div><div id="TextBlockContainer568" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:622px;height:126px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Our share of income taxes incurred directly<div style="display:inline-block;width:2.14px"> </div>by an equity method investee is reported in equity<div style="display:inline-block;width:2.05px"> </div>in earnings of </div><div id="a34366" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:15.5px;">affiliates, and as such is not included in income taxes<div style="display:inline-block;width:2.18px"> </div>on our consolidated financial statements. </div><div id="a34368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:31.2px;"> </div><div id="a34369" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.9px;">At December 31, 2020, retained earnings included<div style="display:inline-block;width:1.91px"> </div>$</div><div id="a34369_50_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:297.528px;top:46.9px;">41</div><div id="a34369_52_50" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:311.608px;top:46.9px;"><div style="display:inline-block;width:3.52px"> </div>million related to the undistributed earnings<div style="display:inline-block;width:2.06px"> </div>of </div><div id="a34375" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.6px;">affiliated companies.<div style="display:inline-block;width:6.66px"> </div>Dividends received from affiliates were $</div><div id="a34375_64_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.128px;top:62.6px;">1,076</div><div id="a34375_69_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:393.648px;top:62.6px;"><div style="display:inline-block;width:3.52px"> </div>million, $</div><div id="a34375_80_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:451.569px;top:62.6px;">1,378</div><div id="a34375_85_13" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.249px;top:62.6px;"><div style="display:inline-block;width:3.36px"> </div>million and </div><div id="a34377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:78.1px;">$</div><div id="a34377_1_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:78.1px;">1,226</div><div id="a34377_6_48" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:43.408px;top:78.1px;"><div style="display:inline-block;width:3.52px"> </div>million in 2020, 2019 and 2018, respectively.<div style="display:inline-block;width:2.73px"> </div></div><div id="a34388" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:93.8px;"> </div><div id="a34389" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:109.6px;"> </div><div id="a34390" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:196.728px;top:109.6px;"> </div></div><div id="TextBlockContainer570" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:883px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34394" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">APLNG<div style="display:inline-block;width:3.19px"> </div></div><div id="a34396" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:15.6px;">APLNG is a joint venture focused on producing<div style="display:inline-block;width:2.15px"> </div>CBM from the Bowen and Surat basins in<div style="display:inline-block;width:2.12px"> </div>Queensland, </div><div id="a34405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:31.2px;">Australia.<div style="display:inline-block;width:6.78px"> </div>Natural gas is sold to domestic customers and<div style="display:inline-block;width:1.98px"> </div>LNG is processed and exported to Asia Pacific </div><div id="a34407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.9px;">markets.<div style="display:inline-block;width:6.78px"> </div>Our investment in APLNG gives us access<div style="display:inline-block;width:2.15px"> </div>to CBM resources in Australia and enhances our<div style="display:inline-block;width:2.07px"> </div>LNG </div><div id="a34413" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.4px;">position.<div style="display:inline-block;width:6.79px"> </div>The majority of APLNG LNG is sold under two<div style="display:inline-block;width:2.04px"> </div>long-term sales and purchase agreements, </div><div id="a34417" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:78.1px;">supplemented with sales of additional LNG spot<div style="display:inline-block;width:2.07px"> </div>cargoes targeting the Asia Pacific markets.<div style="display:inline-block;width:6.24px"> </div>Origin Energy, an </div><div id="a34418" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:93.8px;">integrated Australian energy company, is the operator of APLNG’s production and pipeline system, while we </div><div id="a34420" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.3px;">operate the LNG facility. </div><div id="a34422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.3px;"> </div><div id="a34423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:141.5px;">APLNG executed project financing agreements<div style="display:inline-block;width:2.02px"> </div>for an $</div><div id="a34423_52_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:317.654px;top:141.5px;">8.5</div><div id="a34423_55_53" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:335.094px;top:141.5px;"><div style="display:inline-block;width:3.52px"> </div>billion project finance facility in 2012.<div style="display:inline-block;width:5.81px"> </div>The $8.5 </div><div id="a34424" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:157.5px;">billion project finance facility was initially composed<div style="display:inline-block;width:1.97px"> </div>of financing agreements executed by APLNG<div style="display:inline-block;width:2.03px"> </div>with the </div><div id="a34425" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:173.6px;">Export-Import Bank of the United States for approximately<div style="display:inline-block;width:1.68px"> </div>$</div><div id="a34425_59_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:347.728px;top:173.6px;">2.9</div><div id="a34425_62_46" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:365.328px;top:173.6px;"><div style="display:inline-block;width:3.36px"> </div>billion, the Export-Import Bank of China for </div><div id="a34431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:189.8px;">approximately $</div><div id="a34431_15_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.213px;top:189.8px;">2.7</div><div id="a34431_18_79" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:113.654px;top:189.8px;"><div style="display:inline-block;width:3.52px"> </div>billion, and a syndicate of Australian and international<div style="display:inline-block;width:1.78px"> </div>commercial banks for </div><div id="a34432" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:205.8px;">approximately $</div><div id="a34432_15_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.213px;top:205.8px;">2.9</div><div id="a34432_18_89" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:113.654px;top:205.8px;"><div style="display:inline-block;width:3.52px"> </div>billion.<div style="display:inline-block;width:6.59px"> </div>All amounts were drawn from the facility.<div style="display:inline-block;width:6.68px"> </div>APLNG made its first principal and </div><div id="a34438" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:221.9px;">interest repayment in March 2017 and is scheduled<div style="display:inline-block;width:2.06px"> </div>to make </div><div id="a34438_58_9" style="position:absolute;font-family:'Times New Roman';left:342.294px;top:221.9px;">bi-annual</div><div id="a34438_67_28" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:395.315px;top:221.9px;"><div style="display:inline-block;width:3.52px"> </div>payments until March 2029. </div><div id="a34442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:238px;"> </div><div id="a34443" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:254.1px;">APLNG made a voluntary repayment of $</div><div id="a34443_37_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:240.374px;top:254.1px;">1.4</div><div id="a34443_40_64" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:258.008px;top:254.1px;"><div style="display:inline-block;width:3.52px"> </div>billion to the Export-Import Bank of China<div style="display:inline-block;width:2.05px"> </div>in September 2018.<div style="display:inline-block;width:2.92px"> </div></div><div id="a34448" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:270.3px;">At the same time, APLNG obtained a United<div style="display:inline-block;width:2.14px"> </div>States Private Placement (USPP) bond facility<div style="display:inline-block;width:1.89px"> </div>of $</div><div id="a34448_92_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.174px;top:270.3px;">1.4</div><div id="a34448_95_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.774px;top:270.3px;"><div style="display:inline-block;width:3.52px"> </div>billion.<div style="display:inline-block;width:3.23px"> </div></div><div id="a34449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:286.3px;">APLNG made its first interest payment related to<div style="display:inline-block;width:2.13px"> </div>this facility in March 2019, and principal<div style="display:inline-block;width:2.09px"> </div>payments are </div><div id="a34451" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:302.5px;">scheduled to commence in September 2023,<div style="display:inline-block;width:2.04px"> </div>with </div><div id="a34451_46_9" style="position:absolute;font-family:'Times New Roman';left:283.894px;top:302.5px;">bi-annual</div><div id="a34451_55_52" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.728px;top:302.5px;"><div style="display:inline-block;width:3.52px"> </div>payments due on the facility until September<div style="display:inline-block;width:2.13px"> </div>2030. </div><div id="a34455" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:318.5px;"> </div><div id="a34456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:334.6px;">During the first quarter of 2019, APLNG refinanced<div style="display:inline-block;width:1.97px"> </div>$</div><div id="a34456_52_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:307.574px;top:334.6px;">3.2</div><div id="a34456_55_54" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:325.174px;top:334.6px;"><div style="display:inline-block;width:3.36px"> </div>billion of existing project finance debt through two </div><div id="a34457" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:350.8px;">transactions.<div style="display:inline-block;width:6.67px"> </div>As a result of the first transaction, APLNG<div style="display:inline-block;width:2.18px"> </div>obtained a commercial bank facility of $</div><div id="a34457_99_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:553.009px;top:350.8px;">2.6</div><div id="a34457_102_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.609px;top:350.8px;"><div style="display:inline-block;width:3.52px"> </div>billion.<div style="display:inline-block;width:3.23px"> </div></div><div id="a34459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:366.8px;">APLNG made its first principal and interest<div style="display:inline-block;width:2.14px"> </div>repayment in September 2019 with </div><div id="a34459_77_9" style="position:absolute;font-family:'Times New Roman';left:453.494px;top:366.8px;">bi-annual</div><div id="a34459_86_21" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:366.8px;"><div style="display:inline-block;width:3.52px"> </div>payments due on the </div><div id="a34462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:382.9px;">facility until March 2028.<div style="display:inline-block;width:6.2px"> </div>Through the second transaction, APLNG obtained<div style="display:inline-block;width:2.06px"> </div>a USPP bond facility of $</div><div id="a34462_100_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:584.248px;top:382.9px;">0.6</div><div id="a34462_103_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.688px;top:382.9px;"> </div><div id="a34464" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:399.1px;">billion.<div style="display:inline-block;width:6.75px"> </div>APLNG made its first interest payment in September<div style="display:inline-block;width:1.82px"> </div>2019, and principal payments are scheduled<div style="display:inline-block;width:2.18px"> </div>to </div><div id="a34465" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:415.1px;">commence in September 2023, with </div><div id="a34465_33_9" style="position:absolute;font-family:'Times New Roman';left:210.134px;top:415.1px;">bi-annual</div><div id="a34465_42_52" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:262.968px;top:415.1px;"><div style="display:inline-block;width:3.52px"> </div>payments due on the facility until<div style="display:inline-block;width:2.18px"> </div>September 2030. </div><div id="a34469" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:431.3px;"> </div><div id="a34470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:447.3px;">In conjunction with the $</div><div id="a34470_25_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:145.654px;top:447.3px;">3.2</div><div id="a34470_28_86" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:163.094px;top:447.3px;"><div style="display:inline-block;width:3.36px"> </div>billion debt obtained during the first quarter<div style="display:inline-block;width:2.16px"> </div>of 2019 to refinance existing project </div><div id="a34472" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:463.5px;">finance debt, APLNG made voluntary repayments<div style="display:inline-block;width:2.04px"> </div>of $</div><div id="a34472_50_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:312.053px;top:463.5px;">2.2</div><div id="a34472_53_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:329.493px;top:463.5px;"><div style="display:inline-block;width:3.52px"> </div>billion and $</div><div id="a34472_67_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.894px;top:463.5px;">1.0</div><div id="a34472_70_38" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.334px;top:463.5px;"><div style="display:inline-block;width:3.52px"> </div>billion to a syndicate of Australian </div><div id="a34473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:479.6px;">and international commercial banks and the Export-Import<div style="display:inline-block;width:1.59px"> </div>Bank of China, respectively. </div><div id="a34478" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:495.6px;"> </div><div id="a34479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:511.8px;">At December 31, 2020, a balance of $</div><div id="a34479_36_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:217.333px;top:511.8px;">6.2</div><div id="a34479_39_69" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:234.933px;top:511.8px;"><div style="display:inline-block;width:3.52px"> </div>billion was outstanding on the facilities.<div style="display:inline-block;width:5.47px"> </div>See Note 11—Guarantees, </div><div id="a34482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:527.8px;">for additional information. </div><div id="a34485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:543.9px;"> </div><div id="a34486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:560.1px;">During the fourth quarter of 2020, the estimated<div style="display:inline-block;width:2.07px"> </div>fair value of our investment in APLNG declined<div style="display:inline-block;width:2.09px"> </div>to an amount </div><div id="a34488" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:576.1px;">below carrying value, primarily due to the weakening<div style="display:inline-block;width:2.01px"> </div>of the U.S. dollar relative to the Australian<div style="display:inline-block;width:2.09px"> </div>dollar.<div style="display:inline-block;width:7.46px"> </div>Based </div><div id="a34489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:592.3px;">on a review of the facts and circumstances surrounding<div style="display:inline-block;width:1.89px"> </div>this decline in fair value, we concluded the impairment </div><div id="a34491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:608.4px;">was not other than temporary under the guidance<div style="display:inline-block;width:2.12px"> </div>of FASB ASC Topic<div style="display:inline-block;width:4.93px"> </div>323, “Investments – Equity Method and </div><div id="a34495" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:624.4px;">Joint Ventures.”<div style="display:inline-block;width:8.14px"> </div>In reaching this conclusion, we primarily<div style="display:inline-block;width:2.13px"> </div>considered: (1) the volatility and uncertainty<div style="display:inline-block;width:2.18px"> </div>in </div><div id="a34499" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:640.6px;">commodity and exchange rate markets; (2)<div style="display:inline-block;width:2.14px"> </div>the intent and ability of ConocoPhillips to retain<div style="display:inline-block;width:1.98px"> </div>our investment in </div><div id="a34504" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:656.6px;">APLNG; and (3) the short length of time and extent<div style="display:inline-block;width:1.97px"> </div>to which fair value has been less than carrying value<div style="display:inline-block;width:1.94px"> </div>(fair </div><div id="a34505" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:672.8px;">value exceeded carrying value as of September<div style="display:inline-block;width:2.16px"> </div>30, 2020).<div style="display:inline-block;width:6.67px"> </div>Fair value has been estimated based on an internal </div><div id="a34507" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:688.9px;">discounted cash flow model using the following<div style="display:inline-block;width:2.03px"> </div>estimated assumptions: estimated future production,<div style="display:inline-block;width:1.85px"> </div>an </div><div id="a34510" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:704.9px;">outlook of future prices from a combination of exchanges<div style="display:inline-block;width:1.72px"> </div>(short-term) coupled with pricing service companies </div><div id="a34515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:721.1px;">and our internal outlook (long-term), operating<div style="display:inline-block;width:2.12px"> </div>and capital expenditures, a market outlook of foreign<div style="display:inline-block;width:1.96px"> </div>exchange </div><div id="a34522" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:737.3px;">rates provided by a third party, and a discount rate believed to be consistent<div style="display:inline-block;width:2.08px"> </div>with those used by principal </div><div id="a34523" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:753.3px;">market participants. </div><div id="a34525" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:769.4px;"> </div><div id="a34526" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:785.4px;">At December 31, 2020, the fair value of our investment<div style="display:inline-block;width:1.84px"> </div>in APLNG was estimated to be $</div><div id="a34526_85_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:504.048px;top:785.4px;">6,560</div><div id="a34526_90_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.675px;top:785.4px;"><div style="display:inline-block;width:3.52px"> </div>million, </div><div id="a34531" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:801.6px;">resulting in a not other than temporary impairment<div style="display:inline-block;width:2.04px"> </div>of $</div><div id="a34531_55_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:314.008px;top:801.6px;">112</div><div id="a34531_58_43" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.808px;top:801.6px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>We will continue to monitor the </div><div id="a34538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:817.7px;">relationship between the carrying value and fair<div style="display:inline-block;width:2.07px"> </div>value of APLNG.<div style="display:inline-block;width:6.53px"> </div>Should we determine in the future there has </div><div id="a34540" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:833.7px;">been a loss in the value of our investment<div style="display:inline-block;width:2.17px"> </div>that is other than temporary, we would record an impairment of our </div><div id="a34541" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:849.9px;">equity investment, calculated as the total difference between<div style="display:inline-block;width:1.89px"> </div>carrying value and fair value as of the end<div style="display:inline-block;width:2.13px"> </div>of the </div><div id="a34542" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:865.9px;">reporting period. </div></div><div id="TextBlockContainer572" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:757px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34547" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;"> </div><div id="a34548" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">At December 31, 2020, the carrying value of<div style="display:inline-block;width:2.07px"> </div>our equity method investment in APLNG was $</div><div id="a34548_87_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.089px;top:16px;">6,672</div><div id="a34548_92_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:3.16px"> </div></div><div id="a34553" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">The historical cost basis of our </div><div id="a34553_33_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.534px;top:32.2px;">37.5</div><div id="a34553_37_56" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:205.208px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>percent share of net assets on the books<div style="display:inline-block;width:2.17px"> </div>of APLNG was $</div><div id="a34553_93_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.128px;top:32.2px;">6,242</div><div id="a34553_98_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.715px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million, </div><div id="a34558" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">resulting in a basis difference of $</div><div id="a34558_36_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:195.254px;top:48.2px;">430</div><div id="a34558_39_73" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:216.248px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>million on our books.<div style="display:inline-block;width:6.27px"> </div>The basis difference, which is substantially all </div><div id="a34561" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">associated with PP&amp;E and subject to amortization,<div style="display:inline-block;width:1.98px"> </div>has been allocated on a relative fair value<div style="display:inline-block;width:2.15px"> </div>basis to </div><div id="a34562" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">individual exploration and production license areas<div style="display:inline-block;width:1.96px"> </div>owned by APLNG, some of which are not currently<div style="display:inline-block;width:1.83px"> </div>in </div><div id="a34564" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">production.<div style="display:inline-block;width:6.68px"> </div>Any future additional payments are expected<div style="display:inline-block;width:2.09px"> </div>to be allocated in a similar manner.<div style="display:inline-block;width:6.72px"> </div>Each </div><div id="a34565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">exploration license area will periodically be reviewed<div style="display:inline-block;width:2.03px"> </div>for any indicators of potential impairment,<div style="display:inline-block;width:2.05px"> </div>which, if </div><div id="a34567" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">required, would result in acceleration of basis<div style="display:inline-block;width:2.17px"> </div>difference amortization.<div style="display:inline-block;width:6.44px"> </div>As the joint venture produces natural </div><div id="a34568" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">gas from each license, we amortize the basis<div style="display:inline-block;width:2.11px"> </div>difference allocated to that license using the unit-of-production </div><div id="a34573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">method.<div style="display:inline-block;width:6.88px"> </div>Included in net income (loss) attributable<div style="display:inline-block;width:2.06px"> </div>to ConocoPhillips for 2020,<div style="display:inline-block;width:2.75px"> </div>2019 and 2018 was after-tax </div><div id="a34586" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">expense of $</div><div id="a34586_12_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:75.573px;top:177px;">41</div><div id="a34586_14_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:89.648px;top:177px;"><div style="display:inline-block;width:3.52px"> </div>million, $</div><div id="a34586_25_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:147.568px;top:177px;">36</div><div id="a34586_27_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:161.488px;top:177px;"><div style="display:inline-block;width:3.36px"> </div>million and $</div><div id="a34586_41_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:239.568px;top:177px;">44</div><div id="a34586_43_68" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.688px;top:177px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively, representing the amortization of this basis </div><div id="a34591" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">difference on currently producing licenses. </div><div id="a34593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209px;"> </div><div id="a34594" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:224.8px;">QG3 </div><div id="a34596" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241px;">QG3 is a joint venture that owns an integrated<div style="display:inline-block;width:2.13px"> </div>large-scale LNG project located in Qatar.<div style="display:inline-block;width:6.64px"> </div>We provided project </div><div id="a34599" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.2px;">financing, with a current outstanding balance<div style="display:inline-block;width:2.19px"> </div>of $</div><div id="a34599_50_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.254px;top:257.2px;">220</div><div id="a34599_53_50" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:304.214px;top:257.2px;"><div style="display:inline-block;width:3.52px"> </div>million as described below under “Loans and<div style="display:inline-block;width:2.03px"> </div>Long-</div><div id="a34601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.2px;">Term Receivables.”<div style="display:inline-block;width:7.42px"> </div>At December 31, 2020, the book value of our equity<div style="display:inline-block;width:1.89px"> </div>method investment in QG3, </div><div id="a34605" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.3px;">excluding the project financing, was $</div><div id="a34605_38_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:218.808px;top:289.3px;">742</div><div id="a34605_41_68" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:239.768px;top:289.3px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>We have terminal and pipeline use agreements with Golden </div><div id="a34611" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.3px;">Pass LNG Terminal and affiliated Golden Pass Pipeline near Sabine Pass, Texas, intended to provide us with </div><div id="a34613" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.5px;">terminal and pipeline capacity for the receipt,<div style="display:inline-block;width:2.18px"> </div>storage and regasification of LNG purchased<div style="display:inline-block;width:2.09px"> </div>from QG3.<div style="display:inline-block;width:6.8px"> </div>We </div><div id="a34617" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:337.7px;">previously held a </div><div id="a34617_18_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:104.688px;top:337.7px;">12.4</div><div id="a34617_22_84" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:129.328px;top:337.7px;"><div style="display:inline-block;width:3.36px"> </div>percent interest in Golden Pass LNG Terminal and Golden Pass Pipeline, but<div style="display:inline-block;width:2.02px"> </div>we sold </div><div id="a34622" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:353.7px;">those interests in the second quarter of 2019 while<div style="display:inline-block;width:2.02px"> </div>retaining the basic use agreements.<div style="display:inline-block;width:5.91px"> </div>Currently,<div style="display:inline-block;width:3.31px"> </div>the LNG </div><div id="a34632" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:369.8px;">from QG3 is being sold to markets outside of<div style="display:inline-block;width:2.15px"> </div>the U.S.<div style="display:inline-block;width:6.75px"> </div>For additional information, see Note 4—Asset </div><div id="a34637" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:385.8px;">Acquisitions and Dispositions. </div><div id="a34639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402px;"> </div><div id="a34640" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:418.1px;">Loans and Long-Term Receivables </div><div id="a34644" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.1px;">As part of our normal ongoing business operations<div style="display:inline-block;width:1.96px"> </div>and consistent with industry practice,<div style="display:inline-block;width:2.18px"> </div>we enter into </div><div id="a34646" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.3px;">numerous agreements with other parties to pursue<div style="display:inline-block;width:2.14px"> </div>business opportunities.<div style="display:inline-block;width:6.3px"> </div>Included in such activity are loans </div><div id="a34647" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.5px;">and long-term receivables to certain affiliated<div style="display:inline-block;width:2.33px"> </div>and non-affiliated companies.<div style="display:inline-block;width:6.45px"> </div>Loans are recorded when cash is </div><div id="a34655" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:482.5px;">transferred or seller financing is provided to the<div style="display:inline-block;width:2.12px"> </div>affiliated or non-affiliated company pursuant to a loan </div><div id="a34658" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:498.7px;">agreement.<div style="display:inline-block;width:6.65px"> </div>The loan balance will increase as interest is earned<div style="display:inline-block;width:2.14px"> </div>on the outstanding loan balance and will </div><div id="a34660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:514.7px;">decrease as interest and principal payments are<div style="display:inline-block;width:2.13px"> </div>received.<div style="display:inline-block;width:6.56px"> </div>Interest is earned at the loan agreement’s stated </div><div id="a34661" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:530.8px;">interest rate.<div style="display:inline-block;width:6.58px"> </div>Loans and long-term receivables are assessed for<div style="display:inline-block;width:2.1px"> </div>impairment when events indicate the loan </div><div id="a34664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547px;">balance may not be fully recovered.<div style="display:inline-block;width:6px"> </div></div><div id="a34667" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563px;"> </div><div id="a34668" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.1px;">At December 31, 2020, significant loans to affiliated<div style="display:inline-block;width:2.05px"> </div>companies include $</div><div id="a34668_73_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.448px;top:579.1px;">220</div><div id="a34668_76_33" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:439.568px;top:579.1px;"><div style="display:inline-block;width:3.52px"> </div>million in project financing to </div><div id="a34671" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.1px;">QG3.<div style="display:inline-block;width:6.86px"> </div>We own a </div><div id="a34671_15_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:102.773px;top:595.1px;">30</div><div id="a34671_17_87" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:116.848px;top:595.1px;"><div style="display:inline-block;width:3.52px"> </div>percent interest in QG3, for which we<div style="display:inline-block;width:2.12px"> </div>use the equity method of accounting.<div style="display:inline-block;width:5.9px"> </div>The other </div><div id="a34674" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.3px;">participants in the project are affiliates of Qatar Petroleum<div style="display:inline-block;width:1.94px"> </div>and Mitsui.<div style="display:inline-block;width:6.58px"> </div>QG3 secured project financing of </div><div id="a34675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.5px;">$</div><div id="a34675_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:627.5px;">4.0</div><div id="a34675_4_42" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:627.5px;"><div style="display:inline-block;width:3.52px"> </div>billion in December 2005, consisting of $</div><div id="a34675_46_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:265.654px;top:627.5px;">1.3</div><div id="a34675_49_54" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:627.5px;"><div style="display:inline-block;width:3.52px"> </div>billion of loans from export credit agencies<div style="display:inline-block;width:2.08px"> </div>(ECA), $</div><div id="a34675_103_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:583.475px;top:627.5px;">1.5</div><div id="a34675_106_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:600.915px;top:627.5px;"> </div><div id="a34681" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:643.5px;">billion from commercial banks, and $</div><div id="a34681_36_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:215.574px;top:643.5px;">1.2</div><div id="a34681_39_71" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:233.174px;top:643.5px;"><div style="display:inline-block;width:3.52px"> </div>billion from ConocoPhillips.<div style="display:inline-block;width:5.99px"> </div>The ConocoPhillips loan facilities have </div><div id="a34682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:659.6px;">substantially the same terms as the ECA and commercial<div style="display:inline-block;width:1.78px"> </div>bank facilities.<div style="display:inline-block;width:6.56px"> </div>On December 15, 2011, QG3 </div><div id="a34683" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:675.8px;">achieved financial completion and all project loan facilities<div style="display:inline-block;width:1.72px"> </div>became nonrecourse to the project participants.<div style="display:inline-block;width:2px"> </div></div><div id="a34685" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:691.8px;">Semi-annual</div><div id="a34685_11_69" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:75.573px;top:691.8px;"><div style="display:inline-block;width:3.52px"> </div>repayments began in January 2011 and will extend through July<div style="display:inline-block;width:2.15px"> </div>2022. </div><div id="a34689" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:708px;"> </div><div id="a34690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:724px;">The long-term portion of these loans is included<div style="display:inline-block;width:2.14px"> </div>in the “Loans and advances—related parties”<div style="display:inline-block;width:2.05px"> </div>line on our </div><div id="a34696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:740.1px;">consolidated balance sheet, while the short-term<div style="display:inline-block;width:2.14px"> </div>portion is in “Accounts and notes receivable—related<div style="display:inline-block;width:1.91px"> </div>parties.”</div></div> <div id="TextBlockContainer551" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:207px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34096" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 5—Investments, Loans and Long-Term Receivables<div style="display:inline-block;width:2.91px"> </div></div><div id="a34112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.9px;">Components of investments, loans and long-term<div style="display:inline-block;width:2.01px"> </div>receivables at December 31 were: </div><div id="a34123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.035px;top:60px;">Millions of Dollars </div><div id="a34126" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:523.835px;top:76.7px;">2020 </div><div id="a34129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:76.7px;">2019 </div><div id="a34136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.6px;">Equity investments </div><div id="a34138" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:109.6px;">$ </div><div id="a34140" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:109.6px;">7,596</div><div id="a34143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:109.6px;">8,234</div><div id="a34145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.6px;">Loans and advances—related parties </div><div id="a34150" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:526.875px;top:125.6px;">114</div><div id="a34153" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:125.6px;">219</div><div id="a34155" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:141.8px;">Long-term receivables </div><div id="a34160" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:526.875px;top:141.8px;">137</div><div id="a34163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:141.8px;">243</div><div id="a34165" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:157.9px;">Long-term investments in debt securities </div><div id="a34171" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:526.875px;top:157.9px;">217</div><div id="a34174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:157.9px;">133</div><div id="a34176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:173.9px;">Other investments </div><div id="a34179" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:533.755px;top:173.9px;">67</div><div id="a34182" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:173.9px;">77</div><div id="a34185" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:190.7px;">$ </div><div id="a34187" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:190.7px;">8,131</div><div id="a34190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:190.7px;">8,906</div></div> 7596000000 8234000000 114000000 219000000 137000000 243000000 217000000 133000000 67000000 77000000 8131000000 8906000000 0.375 0.375 0.25 0.685 0.015 <div id="TextBlockContainer561" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:149px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Summarized 100 percent earnings information<div style="display:inline-block;width:2.03px"> </div>for equity method investments in affiliated companies, </div><div id="a34238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">combined, was as follows: </div><div id="a34248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:48px;">Millions of Dollars </div><div id="a34251" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:66.6px;">2020 </div><div id="a34254" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:66.6px;">2019 </div><div id="a34257" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:66.6px;">2018 </div><div id="a34265" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Revenues </div><div id="a34267" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:99.5px;">$ </div><div id="a34269" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:99.5px;">7,931</div><div id="a34272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:99.5px;">11,310</div><div id="a34275" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:99.5px;">11,654</div><div id="a34277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:115.5px;">Income before income taxes </div><div id="a34280" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:115.5px;">1,843</div><div id="a34283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:115.5px;">3,726</div><div id="a34286" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:115.5px;">3,660</div><div id="a34288" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.7px;">Net income </div><div id="a34291" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:131.7px;">1,426</div><div id="a34294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:131.7px;">3,085</div><div id="a34297" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:131.7px;">3,244</div></div><div id="TextBlockContainer566" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_564_XBRL_CS_8e6bb14e6e7e4a9b81a0923d79d1b3b7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer565" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34301" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Summarized 100 percent balance sheet information<div style="display:inline-block;width:2.13px"> </div>for equity method investments in affiliated<div style="display:inline-block;width:2.18px"> </div>companies,<div style="display:inline-block;width:6.93px"> </div></div><div id="a34306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">combined, was as follows: </div><div id="a34314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.035px;top:45.9px;">Millions of Dollars </div><div id="a34317" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:523.835px;top:62.7px;">2020 </div><div id="a34320" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.7px;">2019 </div><div id="a34327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.6px;">Current assets </div><div id="a34330" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:95.6px;">$ </div><div id="a34332" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:95.6px;">2,579</div><div id="a34335" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:95.6px;">3,289</div><div id="a34337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.7px;">Noncurrent assets </div><div id="a34340" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.235px;top:111.7px;">35,257</div><div id="a34343" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:111.7px;">38,905</div><div id="a34345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.9px;">Current liabilities </div><div id="a34348" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.315px;top:127.9px;">2,110</div><div id="a34351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:127.9px;">2,603</div><div id="a34353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.9px;">Noncurrent liabilities </div><div id="a34356" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.235px;top:143.9px;">18,099</div><div id="a34359" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:143.9px;">22,168</div></div></div></div> 7931000000 11310000000 11654000000 1843000000 3726000000 3660000000 1426000000 3085000000 3244000000 2579000000 3289000000 35257000000 38905000000 2110000000 2603000000 18099000000 22168000000 41000000 1076000000 1378000000 1226000000 8500000000 2900000000 2700000000 2900000000 bi-annual 1400000000 1400000000 bi-annual 3200000000 2600000000 bi-annual 600000000 bi-annual 3200000000 2200000000 1000000000.0 6200000000 6560000000 112000000 6672000000 0.375 6242000000 430000000 41000000 36000000 44000000 220000000 742000000 0.124 220000000 0.30 4000000000.0 1300000000 1500000000 1200000000 Semi-annual <div id="TextBlockContainer574" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:372px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34705" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 6—Investment in Cenovus Energy </div><div id="a34709" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;left:4.693px;top:16.1px;"> </div><div id="a34710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:33px;">On May 17, 2017, we completed the sale of our </div><div id="a34710_46_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:275.413px;top:33px;">50</div><div id="a34710_48_58" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:289.493px;top:33px;"><div style="display:inline-block;width:3.52px"> </div>percent nonoperated interest in the FCCL<div style="display:inline-block;width:2.15px"> </div>Partnership, as </div><div id="a34712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49px;">well as the majority of our western Canada gas<div style="display:inline-block;width:2.09px"> </div>assets, to Cenovus Energy.<div style="display:inline-block;width:7.27px"> </div>Consideration for the transaction </div><div id="a34713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.1px;">included 208 million Cenovus Energy common shares,<div style="display:inline-block;width:1.97px"> </div>which, at closing, approximated </div><div id="a34713_83_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.454px;top:65.1px;">16.9</div><div id="a34713_87_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.094px;top:65.1px;"><div style="display:inline-block;width:3.36px"> </div>percent of issued </div><div id="a34714" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.1px;">and outstanding Cenovus Energy common stock.<div style="display:inline-block;width:5.77px"> </div>The fair value and cost basis of our investment<div style="display:inline-block;width:2.07px"> </div>in </div><div id="a34714_97_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:566.294px;top:81.1px;">208</div><div id="a34714_100_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.414px;top:81.1px;"> </div><div id="a34716" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97.3px;">million Cenovus Energy common shares was $</div><div id="a34716_42_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:268.534px;top:97.3px;">1.96</div><div id="a34716_46_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:293.014px;top:97.3px;"><div style="display:inline-block;width:3.52px"> </div>billion based on a price of $</div><div id="a34716_76_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:452.854px;top:97.3px;">9.41</div><div id="a34716_80_26" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:477.334px;top:97.3px;"><div style="display:inline-block;width:3.36px"> </div>per share on the NYSE on </div><div id="a34717" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:113.5px;">the closing date.<div style="display:inline-block;width:6.51px"> </div></div><div id="a34720" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.5px;"> </div><div id="a34721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.6px;">At December 31, 2020, the investment included on<div style="display:inline-block;width:2.08px"> </div>our consolidated balance sheet was $</div><div id="a34721_85_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:501.395px;top:145.6px;">1.26</div><div id="a34721_89_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:526.075px;top:145.6px;"><div style="display:inline-block;width:3.36px"> </div>billion and is </div><div id="a34733" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.8px;">carried at fair value.<div style="display:inline-block;width:6.49px"> </div>The fair value of the </div><div id="a34733_46_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:242.294px;top:161.8px;">208</div><div id="a34733_49_59" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:263.254px;top:161.8px;"><div style="display:inline-block;width:3.52px"> </div>million Cenovus Energy common shares reflects<div style="display:inline-block;width:1.99px"> </div>the closing </div><div id="a34734" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.8px;">price of $</div><div id="a34734_10_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:58.448px;top:177.8px;">6.04</div><div id="a34734_14_78" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:82.928px;top:177.8px;"><div style="display:inline-block;width:3.52px"> </div>per share on the NYSE on the last trading<div style="display:inline-block;width:2.03px"> </div>day of the quarter, a decrease of $</div><div id="a34734_92_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:512.915px;top:177.8px;">855</div><div id="a34734_95_18" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.915px;top:177.8px;"><div style="display:inline-block;width:3.52px"> </div>million from its </div><div id="a34743" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.9px;">fair value of $</div><div id="a34743_15_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:83.734px;top:193.9px;">2.11</div><div id="a34743_19_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:108.214px;top:193.9px;"><div style="display:inline-block;width:3.52px"> </div>billion at December 31, 2019.<div style="display:inline-block;width:6.15px"> </div>The decrease in fair value resulted in a net<div style="display:inline-block;width:2.18px"> </div>unrealized loss </div><div id="a34751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.9px;">recorded within the “Other income (loss)” line of<div style="display:inline-block;width:2.16px"> </div>our consolidated income statement for the<div style="display:inline-block;width:2.17px"> </div>year ended </div><div id="a34753" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:226.1px;">December 31, 2020 relating to the shares held<div style="display:inline-block;width:2.13px"> </div>at the reporting date.<div style="display:inline-block;width:6.38px"> </div>For the years ended 2019 and 2018, we </div><div id="a34762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:242.3px;">recorded an unrealized gain of $</div><div id="a34762_32_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:185.528px;top:242.3px;">649</div><div id="a34762_35_36" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:206.648px;top:242.3px;"><div style="display:inline-block;width:3.52px"> </div>million and an unrealized loss of $</div><div id="a34762_71_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.635px;top:242.3px;">437</div><div id="a34762_74_34" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.755px;top:242.3px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively.<div style="display:inline-block;width:7.13px"> </div>See Note </div><div id="a34777" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:258.3px;">14—Fair Value Measurement and Note 21—Other Financial Information, for additional information.<div style="display:inline-block;width:5.61px"> </div>Subject </div><div id="a34787" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:274.5px;">to market conditions, we intend to decrease our<div style="display:inline-block;width:2.15px"> </div>investment over time through market transactions,<div style="display:inline-block;width:1.87px"> </div>private </div><div id="a34788" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:290.6px;">agreements or otherwise.<div style="display:inline-block;width:6.22px"> </div></div><div id="a34791" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:306.6px;"> </div><div id="a34792" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322.8px;">On January 4, 2021, Cenovus Energy completed its<div style="display:inline-block;width:2.17px"> </div>all-stock acquisition of Husky Energy Inc.<div style="display:inline-block;width:5.81px"> </div>As a result of </div><div id="a34800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.8px;">this transaction, our investment now approximates </div><div id="a34800_50_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:290.614px;top:338.8px;">10</div><div id="a34800_52_54" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:304.728px;top:338.8px;"><div style="display:inline-block;width:3.52px"> </div>percent of the issued and outstanding Cenovus<div style="display:inline-block;width:2.03px"> </div>Energy </div><div id="a34805" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.9px;">common stock.</div></div> 0.50 0.169 208000000 1960000000 9.41 1260000000 208000000 6.04 -855000000 2110000000 649000000 -437000000 0.10 <div id="TextBlockContainer578" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_576_XBRL_CS_5a94738b0964438098021bc0879024fd" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer577" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34811" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 7—Suspended Wells and Exploration Expenses<div style="display:inline-block;width:2.57px"> </div></div><div id="a34825" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.9px;">The following table reflects the net changes in suspended<div style="display:inline-block;width:1.69px"> </div>exploratory well costs during 2020, 2019 and 2018: </div><div id="a34837" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:58.1px;">Millions of Dollars </div><div id="a34841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:74.9px;">2020 </div><div id="a34844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.955px;top:74.9px;">2019 </div><div id="a34847" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:74.9px;">2018 </div><div id="a34857" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:107.7px;">Beginning balance at January 1 </div><div id="a34859" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:107.7px;">$ </div><div id="a34861" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.275px;top:107.7px;">1,020</div><div id="a34864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:107.7px;">856</div><div id="a34867" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:107.7px;">853</div><div id="a34870" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:123.9px;">Additions pending the determination of proved reserves </div><div id="a34874" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:123.9px;">164</div><div id="a34877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:123.9px;">239</div><div id="a34880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:123.9px;">140</div><div id="a34883" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:139.9px;">Reclassifications to proved properties </div><div id="a34886" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.435px;top:139.9px;display:flex;">(42)</div><div id="a34889" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.595px;top:139.9px;display:flex;">(11)</div><div id="a34892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:139.9px;display:flex;">(37)</div><div id="a34895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:156px;">Sales of suspended wells </div><div id="a34898" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.395px;top:156px;display:flex;">(313)</div><div id="a34901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.595px;top:156px;display:flex;">(54)</div><div id="a34904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:156px;display:flex;">(93)</div><div id="a34907" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:172.2px;">Charged to dry hole expense<div style="display:inline-block;width:2.88px"> </div></div><div id="a34910" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.395px;top:172.2px;display:flex;">(147)</div><div id="a34913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.595px;top:172.2px;display:flex;">(10)</div><div id="a34916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.595px;top:172.2px;display:flex;">(7)</div><div id="a34919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:188.8px;">Ending balance at December 31<div style="display:inline-block;width:33.97px"> </div></div><div id="a34921" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:188.8px;">$ </div><div id="a34923" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:188.8px;">682</div><div id="a34926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:188.8px;">1,020</div><div id="a34928" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:552.795px;top:188.9px;">* </div><div id="a34930" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:188.8px;">856</div></div></div></div><div id="TextBlockContainer583" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:530px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_581_XBRL_FS_3446a5e25c5b40f6801f03c4ba92d3aa" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer582" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:358px;height:13px;display:inline-block;"><div id="a34933" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Includes $</div><div id="a34933_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:53.173px;top:0px;">313</div><div id="a34933_14_67" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:69.173px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million of assets held for sale in Australia at December<div style="display:inline-block;width:1.09px"> </div>31, 2019.</div></div></div><div id="a34933_81_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:350.515px;top:0px;"> </div><div id="a34935" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.2px;">For additional details on suspended wells charged to dry hole expense, see the<div style="display:inline-block;width:1.28px"> </div>Exploration Expenses section of this Note.</div></div> <div id="TextBlockContainer577" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:206px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34811" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 7—Suspended Wells and Exploration Expenses<div style="display:inline-block;width:2.57px"> </div></div><div id="a34825" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.9px;">The following table reflects the net changes in suspended<div style="display:inline-block;width:1.69px"> </div>exploratory well costs during 2020, 2019 and 2018: </div><div id="a34837" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:58.1px;">Millions of Dollars </div><div id="a34841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:74.9px;">2020 </div><div id="a34844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.955px;top:74.9px;">2019 </div><div id="a34847" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:74.9px;">2018 </div><div id="a34857" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:107.7px;">Beginning balance at January 1 </div><div id="a34859" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:107.7px;">$ </div><div id="a34861" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.275px;top:107.7px;">1,020</div><div id="a34864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:107.7px;">856</div><div id="a34867" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:107.7px;">853</div><div id="a34870" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:123.9px;">Additions pending the determination of proved reserves </div><div id="a34874" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:123.9px;">164</div><div id="a34877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:123.9px;">239</div><div id="a34880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:123.9px;">140</div><div id="a34883" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:139.9px;">Reclassifications to proved properties </div><div id="a34886" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.435px;top:139.9px;display:flex;">(42)</div><div id="a34889" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.595px;top:139.9px;display:flex;">(11)</div><div id="a34892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:139.9px;display:flex;">(37)</div><div id="a34895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:156px;">Sales of suspended wells </div><div id="a34898" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.395px;top:156px;display:flex;">(313)</div><div id="a34901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.595px;top:156px;display:flex;">(54)</div><div id="a34904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:156px;display:flex;">(93)</div><div id="a34907" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:172.2px;">Charged to dry hole expense<div style="display:inline-block;width:2.88px"> </div></div><div id="a34910" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.395px;top:172.2px;display:flex;">(147)</div><div id="a34913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.595px;top:172.2px;display:flex;">(10)</div><div id="a34916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.595px;top:172.2px;display:flex;">(7)</div><div id="a34919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:188.8px;">Ending balance at December 31<div style="display:inline-block;width:33.97px"> </div></div><div id="a34921" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:188.8px;">$ </div><div id="a34923" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:188.8px;">682</div><div id="a34926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:188.8px;">1,020</div><div id="a34928" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:552.795px;top:188.9px;">* </div><div id="a34930" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:188.8px;">856</div></div><div id="TextBlockContainer584" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:530px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_580_XBRL_TS_ee077bd9e95c4bea8471142f69b0e1a8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer583" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:530px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_581_XBRL_FS_3446a5e25c5b40f6801f03c4ba92d3aa" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer582" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:358px;height:13px;display:inline-block;"><div id="a34933" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Includes $</div><div id="a34933_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:53.173px;top:0px;">313</div><div id="a34933_14_67" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:69.173px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million of assets held for sale in Australia at December<div style="display:inline-block;width:1.09px"> </div>31, 2019.</div></div></div><div id="a34933_81_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:350.515px;top:0px;"> </div><div id="a34935" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.2px;">For additional details on suspended wells charged to dry hole expense, see the<div style="display:inline-block;width:1.28px"> </div>Exploration Expenses section of this Note.</div></div></div></div><div id="TextBlockContainer587" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table provides an aging of suspended<div style="display:inline-block;width:1.83px"> </div>well balances at December 31: </div><div id="a34952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:30.1px;">Millions of Dollars </div><div id="a34956" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:48.7px;">2020 </div><div id="a34959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.955px;top:48.7px;">2019 </div><div id="a34962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:48.7px;">2018 </div><div id="a34971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:85.2px;">Exploratory well costs capitalized for a period<div style="display:inline-block;width:2.18px"> </div>of one year or less </div><div id="a34973" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:85.2px;">$ </div><div id="a34975" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:85.2px;">156</div><div id="a34978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:85.2px;">206</div><div id="a34981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:85.2px;">145</div><div id="a34983" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:101.3px;">Exploratory well costs capitalized for a period<div style="display:inline-block;width:2.18px"> </div>greater than one year </div><div id="a34986" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:101.3px;">526</div><div id="a34989" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:101.3px;">814</div><div id="a34992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:101.3px;">711</div><div id="a34994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:118.1px;">Ending balance </div><div id="a34996" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:118.1px;">$ </div><div id="a34998" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:118.1px;">682</div><div id="a35001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:118.1px;">1,020</div><div id="a35003" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:552.795px;top:118.1px;">* </div><div id="a35005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:118.1px;">856</div><div id="a35007" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:137.2px;">Number of projects with exploratory well costs<div style="display:inline-block;width:2.11px"> </div>capitalized for a </div><div id="a35016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:153.3px;">period greater than one year </div><div id="a35019" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.715px;top:153.3px;">22</div><div id="a35022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:153.3px;">23</div><div id="a35025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:153.3px;">24</div></div><div id="TextBlockContainer592" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:358px;height:13px;display:inline-block;"><div id="div_590_XBRL_TS_4ee0f9f685a542e781308a6db26023cc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer591" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:358px;height:13px;display:inline-block;"><div id="a35027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Includes $</div><div id="a35027_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:53.173px;top:0px;">313</div><div id="a35027_14_67" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:69.168px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million of assets held for sale in Australia at December<div style="display:inline-block;width:1.09px"> </div>31, 2019.</div></div></div></div><div id="TextBlockContainer596" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_594_XBRL_CS_3675b4f8c4d6434b812efbb2bc0aadda" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer595" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table provides a further aging of<div style="display:inline-block;width:2.18px"> </div>those exploratory well costs that have<div style="display:inline-block;width:2.09px"> </div>been capitalized for more </div><div id="a35038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">than one year since the completion of drilling<div style="display:inline-block;width:1.98px"> </div>as of December 31, 2020: </div><div id="a35052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:419.955px;top:45.9px;">Millions of Dollars </div><div id="a35058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.155px;top:62.7px;">Suspended Since </div><div id="a35062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:366.195px;top:79.5px;">Total </div><div id="a35065" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:410.835px;top:79.5px;">2017–2019 </div><div id="a35070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.755px;top:79.5px;">2014–2016 </div><div id="a35075" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:566.875px;top:79.5px;">2004–2013 </div><div id="a35097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.5px;">NPRA—Alaska</div><div id="a35100" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:95.088px;top:128.2px;">(1)</div><div id="a35103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.835px;top:128.5px;">240</div><div id="a35106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:448.915px;top:128.5px;">190</div><div id="a35109" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.755px;top:128.5px;">50</div><div id="a35112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:128.5px;">-</div><div id="a35114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.5px;">Surmont—Canada</div><div id="a35117" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:109.008px;top:144.2px;">(1)</div><div id="a35120" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.835px;top:144.5px;">120</div><div id="a35123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:462.835px;top:144.5px;">4</div><div id="a35126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.755px;top:144.5px;">31</div><div id="a35129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:144.5px;">85</div><div id="a35131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.7px;">Narwhal Trend—Alaska</div><div id="a35134" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:142.928px;top:160.4px;">(1)</div><div id="a35137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:160.7px;">52</div><div id="a35140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.795px;top:160.7px;">52</div><div id="a35143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:543.195px;top:160.7px;">-</div><div id="a35146" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:160.7px;">-</div><div id="a35148" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.8px;">PL782S—Norway</div><div id="a35151" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:109.008px;top:176.6px;">(1)</div><div id="a35154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:176.8px;">22</div><div id="a35157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.795px;top:176.8px;">22</div><div id="a35160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:543.195px;top:176.8px;">-</div><div id="a35163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:176.8px;">-</div><div id="a35165" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:192.8px;">WL4-00—Malaysia</div><div id="a35170" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:117.648px;top:192.6px;">(1)</div><div id="a35173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:192.8px;">17</div><div id="a35176" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:456.595px;top:193.4px;">17</div><div id="a35179" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:543.355px;top:193.4px;">-</div><div id="a35182" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:621.435px;top:193.4px;">-</div><div id="a35184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209px;">NC 98—Libya</div><div id="a35187" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:88.528px;top:208.7px;">(2)</div><div id="a35190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:209px;">13</div><div id="a35193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:465.235px;top:209px;">-</div><div id="a35196" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.795px;top:209px;">9</div><div id="a35199" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:619.195px;top:209.4px;">4</div><div id="a35201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225px;">Other of $10 million or less each</div><div id="a35202" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:189.208px;top:224.7px;">(1)(2)</div><div id="a35205" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:225px;">62</div><div id="a35208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.795px;top:225px;">26</div><div id="a35211" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.755px;top:225px;">19</div><div id="a35214" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:225px;">17</div><div id="a35216" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.8px;">Total </div><div id="a35218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:317.688px;top:241.8px;">$ </div><div id="a35220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.835px;top:241.8px;">526</div><div id="a35223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:448.915px;top:241.8px;">311</div><div id="a35226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:526.875px;top:241.8px;">109</div><div id="a35229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:241.8px;">106</div><div id="a35231" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:261.1px;">(1)Additional appraisal wells planned. </div><div id="a35234" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:273.2px;">(2)Appraisal drilling complete; costs being incurred to assess development.</div></div></div></div><div id="TextBlockContainer598" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35238" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Exploration Expenses </div><div id="a35240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">The charges discussed below are included in the “Exploration<div style="display:inline-block;width:1.72px"> </div>expenses” line on our consolidated income </div><div id="a35241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">statement.<div style="display:inline-block;width:6.68px"> </div></div><div id="a35243" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;"> </div><div id="a35244" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:64.3px;">2020 </div><div id="a35246" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">In our Alaska segment, we recorded a before-tax impairment<div style="display:inline-block;width:1.66px"> </div>of $</div><div id="a35246_63_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:371.448px;top:80.5px;">828</div><div id="a35246_66_44" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:392.568px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>million for the entire associated carrying </div><div id="a35250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">value of capitalized undeveloped leasehold costs<div style="display:inline-block;width:2.09px"> </div>related to our Alaska North Slope Gas asset.<div style="display:inline-block;width:5.68px"> </div>In 2016, we, </div><div id="a35252" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">along with affiliates of Exxon Mobil Corporation,<div style="display:inline-block;width:2.13px"> </div>BP p.l.c. and Alaska Gasline Development Corporation </div><div id="a35255" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">(AGDC), a state-owned corporation, completed<div style="display:inline-block;width:2.18px"> </div>preliminary FEED technical work for<div style="display:inline-block;width:2.15px"> </div>a potential LNG project </div><div id="a35258" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">which would liquefy and export natural gas from<div style="display:inline-block;width:2.1px"> </div>Alaska’s North Slope and deliver it to market.<div style="display:inline-block;width:6.42px"> </div>In 2016, we, </div><div id="a35260" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">along with the affiliates of ExxonMobil and BP, indicated our intention not to progress into the next phase<div style="display:inline-block;width:2.1px"> </div>of </div><div id="a35261" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">the project due to changes in the economic environment;<div style="display:inline-block;width:1.79px"> </div>however, AGDC decided to continue on its own, </div><div id="a35267" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">focusing primarily on permitting efforts.<div style="display:inline-block;width:6.08px"> </div>Currently, AGDC is in the process of seeking new sponsors for the </div><div id="a35271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">project.<div style="display:inline-block;width:6.83px"> </div>Given current market conditions, we no longer<div style="display:inline-block;width:2.14px"> </div>believe the project will advance and, there<div style="display:inline-block;width:2.15px"> </div>is no </div><div id="a35277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;">current market for the asset. </div><div id="a35280" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;"> </div><div id="a35281" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;">In our Other International segment, our interests<div style="display:inline-block;width:2.02px"> </div>in the Middle Magdalena Basin of Colombia<div style="display:inline-block;width:2.09px"> </div>are in force </div><div id="a35282" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.6px;">majeure.<div style="display:inline-block;width:6.82px"> </div>We have no immediate plans to perform under existing contracts; therefore,<div style="display:inline-block;width:2.16px"> </div>in 2020, we recorded a </div><div id="a35286" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">before-tax expense totaling $</div><div id="a35286_29_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:167.568px;top:289.8px;">84</div><div id="a35286_31_80" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:181.648px;top:289.8px;"><div style="display:inline-block;width:3.52px"> </div>million for dry hole costs of a previously suspended<div style="display:inline-block;width:1.78px"> </div>well and an impairment of </div><div id="a35291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.9px;">the associated capitalized undeveloped leasehold carrying<div style="display:inline-block;width:1.87px"> </div>value. </div><div id="a35294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.9px;"> </div><div id="a35295" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">In our Asia Pacific segment, we recorded before-tax<div style="display:inline-block;width:2.05px"> </div>expense of $</div><div id="a35295_64_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:371.475px;top:338.1px;">50</div><div id="a35295_66_40" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:385.395px;top:338.1px;"><div style="display:inline-block;width:3.52px"> </div>million related to dry hole costs of a </div><div id="a35304" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.3px;">previously suspended well and an impairment<div style="display:inline-block;width:2.17px"> </div>of the associated capitalized undeveloped<div style="display:inline-block;width:2.06px"> </div>leasehold carrying </div><div id="a35308" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">value associated with the Kamunsu East Field<div style="display:inline-block;width:2.1px"> </div>in Malaysia that is no longer in our development<div style="display:inline-block;width:1.96px"> </div>plans. </div><div id="a35315" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.5px;"> </div><div id="a35316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:402.5px;">2019 </div><div id="a35318" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">In our Lower 48 segment, we recorded a before-tax impairment<div style="display:inline-block;width:1.63px"> </div>of $</div><div id="a35318_65_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.675px;top:418.6px;">141</div><div id="a35318_68_37" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:418.6px;"><div style="display:inline-block;width:3.52px"> </div>million for the associated carrying </div><div id="a35323" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.8px;">value of capitalized undeveloped leasehold costs<div style="display:inline-block;width:2.13px"> </div>and dry hole expenses of $</div><div id="a35323_75_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:430.488px;top:434.8px;">111</div><div id="a35323_78_31" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:451.608px;top:434.8px;"><div style="display:inline-block;width:3.52px"> </div>million before-tax due to our </div><div id="a35333" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">decision to discontinue exploration activities<div style="display:inline-block;width:1.94px"> </div>related to our Central Louisiana Austin Chalk acreage.</div></div> 1020000000 856000000 853000000 164000000 239000000 140000000 42000000 11000000 37000000 313000000 54000000 93000000 147000000 10000000 7000000 682000000 1020000000 856000000 313000000 <div id="TextBlockContainer588" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_586_XBRL_CS_18afbfb2cfef4cdebdfc95150e3f0308" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer587" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:170px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a34940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table provides an aging of suspended<div style="display:inline-block;width:1.83px"> </div>well balances at December 31: </div><div id="a34952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:30.1px;">Millions of Dollars </div><div id="a34956" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:48.7px;">2020 </div><div id="a34959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.955px;top:48.7px;">2019 </div><div id="a34962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:48.7px;">2018 </div><div id="a34971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:85.2px;">Exploratory well costs capitalized for a period<div style="display:inline-block;width:2.18px"> </div>of one year or less </div><div id="a34973" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:85.2px;">$ </div><div id="a34975" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:85.2px;">156</div><div id="a34978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:85.2px;">206</div><div id="a34981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:85.2px;">145</div><div id="a34983" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:101.3px;">Exploratory well costs capitalized for a period<div style="display:inline-block;width:2.18px"> </div>greater than one year </div><div id="a34986" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:101.3px;">526</div><div id="a34989" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:101.3px;">814</div><div id="a34992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:101.3px;">711</div><div id="a34994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:118.1px;">Ending balance </div><div id="a34996" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:118.1px;">$ </div><div id="a34998" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.835px;top:118.1px;">682</div><div id="a35001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:118.1px;">1,020</div><div id="a35003" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:552.795px;top:118.1px;">* </div><div id="a35005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:118.1px;">856</div><div id="a35007" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:137.2px;">Number of projects with exploratory well costs<div style="display:inline-block;width:2.11px"> </div>capitalized for a </div><div id="a35016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:153.3px;">period greater than one year </div><div id="a35019" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.715px;top:153.3px;">22</div><div id="a35022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:153.3px;">23</div><div id="a35025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:153.3px;">24</div></div></div></div><div id="TextBlockContainer591" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:358px;height:13px;display:inline-block;"><div id="a35027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Includes $</div><div id="a35027_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:53.173px;top:0px;">313</div><div id="a35027_14_67" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:69.168px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million of assets held for sale in Australia at December<div style="display:inline-block;width:1.09px"> </div>31, 2019.</div></div> 156000000 206000000 145000000 526000000 814000000 711000000 682000000 1020000000 856000000 22 23 24 313000000 <div id="TextBlockContainer595" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:286px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table provides a further aging of<div style="display:inline-block;width:2.18px"> </div>those exploratory well costs that have<div style="display:inline-block;width:2.09px"> </div>been capitalized for more </div><div id="a35038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">than one year since the completion of drilling<div style="display:inline-block;width:1.98px"> </div>as of December 31, 2020: </div><div id="a35052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:419.955px;top:45.9px;">Millions of Dollars </div><div id="a35058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.155px;top:62.7px;">Suspended Since </div><div id="a35062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:366.195px;top:79.5px;">Total </div><div id="a35065" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:410.835px;top:79.5px;">2017–2019 </div><div id="a35070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.755px;top:79.5px;">2014–2016 </div><div id="a35075" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:566.875px;top:79.5px;">2004–2013 </div><div id="a35097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.5px;">NPRA—Alaska</div><div id="a35100" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:95.088px;top:128.2px;">(1)</div><div id="a35103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.835px;top:128.5px;">240</div><div id="a35106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:448.915px;top:128.5px;">190</div><div id="a35109" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.755px;top:128.5px;">50</div><div id="a35112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:128.5px;">-</div><div id="a35114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.5px;">Surmont—Canada</div><div id="a35117" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:109.008px;top:144.2px;">(1)</div><div id="a35120" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.835px;top:144.5px;">120</div><div id="a35123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:462.835px;top:144.5px;">4</div><div id="a35126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.755px;top:144.5px;">31</div><div id="a35129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:144.5px;">85</div><div id="a35131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.7px;">Narwhal Trend—Alaska</div><div id="a35134" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:142.928px;top:160.4px;">(1)</div><div id="a35137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:160.7px;">52</div><div id="a35140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.795px;top:160.7px;">52</div><div id="a35143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:543.195px;top:160.7px;">-</div><div id="a35146" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:160.7px;">-</div><div id="a35148" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.8px;">PL782S—Norway</div><div id="a35151" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:109.008px;top:176.6px;">(1)</div><div id="a35154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:176.8px;">22</div><div id="a35157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.795px;top:176.8px;">22</div><div id="a35160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:543.195px;top:176.8px;">-</div><div id="a35163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:176.8px;">-</div><div id="a35165" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:192.8px;">WL4-00—Malaysia</div><div id="a35170" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:117.648px;top:192.6px;">(1)</div><div id="a35173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:192.8px;">17</div><div id="a35176" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:456.595px;top:193.4px;">17</div><div id="a35179" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:543.355px;top:193.4px;">-</div><div id="a35182" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:621.435px;top:193.4px;">-</div><div id="a35184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209px;">NC 98—Libya</div><div id="a35187" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:88.528px;top:208.7px;">(2)</div><div id="a35190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:209px;">13</div><div id="a35193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:465.235px;top:209px;">-</div><div id="a35196" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.795px;top:209px;">9</div><div id="a35199" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:619.195px;top:209.4px;">4</div><div id="a35201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225px;">Other of $10 million or less each</div><div id="a35202" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:189.208px;top:224.7px;">(1)(2)</div><div id="a35205" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.715px;top:225px;">62</div><div id="a35208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.795px;top:225px;">26</div><div id="a35211" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.755px;top:225px;">19</div><div id="a35214" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:225px;">17</div><div id="a35216" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.8px;">Total </div><div id="a35218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:317.688px;top:241.8px;">$ </div><div id="a35220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.835px;top:241.8px;">526</div><div id="a35223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:448.915px;top:241.8px;">311</div><div id="a35226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:526.875px;top:241.8px;">109</div><div id="a35229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:241.8px;">106</div><div id="a35231" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:261.1px;">(1)Additional appraisal wells planned. </div><div id="a35234" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:273.2px;">(2)Appraisal drilling complete; costs being incurred to assess development.</div></div> 240000000 190000000 50000000 0 120000000 4000000 31000000 85000000 52000000 52000000 0 0 22000000 22000000 0 0 17000000 17000000 0 0 13000000 0 9000000 4000000 62000000 26000000 19000000 17000000 526000000 311000000 109000000 106000000 828000000 84000000 50000000 141000000 111000000 <div id="TextBlockContainer602" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_600_XBRL_CS_3148251c94c548a09227610cf6bf6978" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer601" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35341" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 8—Impairments<div style="display:inline-block;width:2.75px"> </div></div><div id="a35352" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:30.9px;">During 2020, 2019 and 2018, we recognized the<div style="display:inline-block;width:2.17px"> </div>following before-tax impairment charges: </div><div id="a35364" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:61.8px;">Millions of Dollars </div><div id="a35368" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:429.715px;top:78.6px;">2020 </div><div id="a35371" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.835px;top:78.6px;">2019 </div><div id="a35374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:78.6px;">2018 </div><div id="a35383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.4px;">Alaska </div><div id="a35385" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:111.4px;">$ </div><div id="a35387" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.075px;top:111.4px;">-</div><div id="a35390" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.195px;top:111.4px;">-</div><div id="a35393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:111.4px;">20</div><div id="a35395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.5px;">Lower 48 </div><div id="a35397" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:127.5px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a35399" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.755px;top:127.5px;">804</div><div id="a35402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.875px;top:127.5px;">402</div><div id="a35405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:127.5px;">63</div><div id="a35407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.5px;">Canada </div><div id="a35410" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.675px;top:143.5px;">3</div><div id="a35413" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:143.5px;">2</div><div id="a35416" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:143.5px;">9</div><div id="a35418" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:159.7px;">Europe, Middle East and North Africa </div><div id="a35421" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:159.7px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a35423" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.675px;top:159.7px;">6</div><div id="a35426" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:159.7px;">1</div><div id="a35429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:159.7px;display:flex;">(79)</div><div id="a35431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.7px;">Asia Pacific </div><div id="a35433" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:175.7px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a35435" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.075px;top:175.7px;">-</div><div id="a35438" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.195px;top:175.7px;">-</div><div id="a35441" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:175.7px;">14</div><div id="a35444" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:192.5px;">$ </div><div id="a35446" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.755px;top:192.5px;">813</div><div id="a35449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.875px;top:192.5px;">405</div><div id="a35452" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:192.5px;">27</div></div></div></div><div id="TextBlockContainer604" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:634px;height:387px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:0px;">2020 </div><div id="a35458" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">During 2020, we recorded impairments of $</div><div id="a35458_41_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.968px;top:16px;">813</div><div id="a35458_44_62" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:272.088px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, primarily related to certain<div style="display:inline-block;width:2.12px"> </div>non-core assets in the </div><div id="a35494" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Lower 48.<div style="display:inline-block;width:6.77px"> </div>Due to a significant decrease in the outlook for<div style="display:inline-block;width:1.98px"> </div>current and long-term natural gas prices in early </div><div id="a35535" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">2020, we recorded impairments of $</div><div id="a35535_34_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:207.768px;top:48.3px;">523</div><div id="a35535_37_62" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:228.888px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million, primarily for the Wind River Basin operations area, </div><div id="a35568" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">consisting of developed properties in the<div style="display:inline-block;width:2.17px"> </div>Madden Field and the Lost Cabin Gas Plant, in<div style="display:inline-block;width:2.13px"> </div>the first quarter of </div><div id="a35606" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">2020.<div style="display:inline-block;width:6.87px"> </div>Additionally, due primarily to changes in development plans solidified in<div style="display:inline-block;width:2.13px"> </div>the last quarter of 2020, we<div style="display:inline-block;width:2.63px"> </div></div><div id="a35641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">recognized additional impairments of $</div><div id="a35641_38_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:224.888px;top:96.6px;">287</div><div id="a35641_41_65" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:246.008px;top:96.6px;"><div style="display:inline-block;width:3.52px"> </div>million in the Lower 48 during the fourth<div style="display:inline-block;width:2.08px"> </div>quarter.<div style="display:inline-block;width:7.51px"> </div>See Note 14—</div><div id="a35675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">Fair Value Measurement, for additional information. </div><div id="a35687" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;"> </div><div id="a35688" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:144.8px;">2019 </div><div id="a35690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">In the Lower 48, we recorded impairments<div style="display:inline-block;width:2.15px"> </div>of $</div><div id="a35690_45_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:269.528px;top:161px;">402</div><div id="a35690_48_59" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:290.648px;top:161px;"><div style="display:inline-block;width:3.52px"> </div>million, primarily related to developed properties<div style="display:inline-block;width:1.75px"> </div>in our </div><div id="a35724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">Niobrara asset which were written down to fair value<div style="display:inline-block;width:2.15px"> </div>less costs to sell.<div style="display:inline-block;width:6.32px"> </div>See Note 4—Asset Acquisitions and </div><div id="a35762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">Dispositions,<div style="display:inline-block;width:3.18px"> </div>for additional information on this disposition. </div><div id="a35777" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;"> </div><div id="a35778" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:225.5px;">2018<div style="display:inline-block;width:3.36px"> </div></div><div id="a35780" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">In Alaska, we recorded impairments of $</div><div id="a35780_39_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:233.688px;top:241.5px;">20</div><div id="a35780_41_48" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:247.768px;top:241.5px;"><div style="display:inline-block;width:3.52px"> </div>million primarily due to cancelled projects.<div style="display:inline-block;width:5.63px"> </div></div><div id="a35807" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;"> </div><div id="a35808" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.6px;">In the Lower 48, we recorded impairments<div style="display:inline-block;width:2.15px"> </div>of $</div><div id="a35808_45_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:269.528px;top:273.6px;">63</div><div id="a35808_47_59" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.608px;top:273.6px;"><div style="display:inline-block;width:3.52px"> </div>million, primarily related to developed properties<div style="display:inline-block;width:1.82px"> </div>in our </div><div id="a35843" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">Barnett asset which were written down to fair value<div style="display:inline-block;width:2.11px"> </div>less costs to sell, partly offset by a revision to reflect </div><div id="a35883" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.9px;">finalized proceeds on a separate transaction.<div style="display:inline-block;width:5.65px"> </div></div><div id="a35896" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.9px;"> </div><div id="a35897" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">In our Europe, Middle East and North Africa segment,<div style="display:inline-block;width:1.83px"> </div>we recorded a credit to impairment of $</div><div id="a35897_92_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.995px;top:338.1px;">79</div><div id="a35897_94_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:550.075px;top:338.1px;"><div style="display:inline-block;width:3.52px"> </div>million, </div><div id="a35934" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">primarily due to decreased ARO estimates on fields<div style="display:inline-block;width:2.02px"> </div>in the U.K. which ceased production and<div style="display:inline-block;width:2.06px"> </div>were impaired in </div><div id="a35973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">prior years, partly offset by an increased ARO estimate<div style="display:inline-block;width:2.1px"> </div>on a field in Norway which ceased production.</div></div> <div id="TextBlockContainer601" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:209px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a35341" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 8—Impairments<div style="display:inline-block;width:2.75px"> </div></div><div id="a35352" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:30.9px;">During 2020, 2019 and 2018, we recognized the<div style="display:inline-block;width:2.17px"> </div>following before-tax impairment charges: </div><div id="a35364" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:61.8px;">Millions of Dollars </div><div id="a35368" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:429.715px;top:78.6px;">2020 </div><div id="a35371" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.835px;top:78.6px;">2019 </div><div id="a35374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:78.6px;">2018 </div><div id="a35383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.4px;">Alaska </div><div id="a35385" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:111.4px;">$ </div><div id="a35387" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.075px;top:111.4px;">-</div><div id="a35390" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.195px;top:111.4px;">-</div><div id="a35393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:111.4px;">20</div><div id="a35395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.5px;">Lower 48 </div><div id="a35397" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:127.5px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a35399" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.755px;top:127.5px;">804</div><div id="a35402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.875px;top:127.5px;">402</div><div id="a35405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:127.5px;">63</div><div id="a35407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.5px;">Canada </div><div id="a35410" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.675px;top:143.5px;">3</div><div id="a35413" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:143.5px;">2</div><div id="a35416" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:143.5px;">9</div><div id="a35418" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:159.7px;">Europe, Middle East and North Africa </div><div id="a35421" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:159.7px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a35423" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.675px;top:159.7px;">6</div><div id="a35426" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:159.7px;">1</div><div id="a35429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:159.7px;display:flex;">(79)</div><div id="a35431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.7px;">Asia Pacific </div><div id="a35433" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:175.7px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a35435" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.075px;top:175.7px;">-</div><div id="a35438" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.195px;top:175.7px;">-</div><div id="a35441" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:175.7px;">14</div><div id="a35444" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:371.795px;top:192.5px;">$ </div><div id="a35446" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.755px;top:192.5px;">813</div><div id="a35449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.875px;top:192.5px;">405</div><div id="a35452" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:192.5px;">27</div></div> 0 0 20000000 804000000 402000000 63000000 3000000 2000000 9000000 6000000 1000000 -79000000 0 0 14000000 813000000 405000000 27000000 813000000 523000000 287000000 402000000 20000000 63000000 -79000000 <div id="TextBlockContainer608" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:192px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_606_XBRL_CS_b61c914bce9840c4895d774002986386" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer607" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:192px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36014" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 9—Asset Retirement Obligations and Accrued<div style="display:inline-block;width:2.14px"> </div>Environmental Costs<div style="display:inline-block;width:6.48px"> </div></div><div id="a36023" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.9px;">Asset retirement obligations and accrued environmental<div style="display:inline-block;width:1.9px"> </div>costs at December 31 were: </div><div id="a36031" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:511.155px;top:60px;">Millions of Dollars </div><div id="a36034" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:536.795px;top:76.7px;">2020 </div><div id="a36037" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:76.7px;">2019 </div><div id="a36044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.6px;">Asset retirement obligations </div><div id="a36047" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:109.6px;">$ </div><div id="a36049" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:109.6px;">5,573</div><div id="a36052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:109.6px;">6,206</div><div id="a36054" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.6px;">Accrued environmental costs </div><div id="a36057" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:125.6px;">180</div><div id="a36060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:125.6px;">171</div><div id="a36062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:142.4px;">Total asset retirement obligations and accrued environmental costs </div><div id="a36065" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:142.4px;">5,753</div><div id="a36068" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:142.4px;">6,377</div><div id="a36070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:158.6px;">Asset retirement obligations and accrued environmental<div style="display:inline-block;width:1.9px"> </div>costs due within one year* </div><div id="a36073" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:158.6px;display:flex;">(323)</div><div id="a36076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:158.6px;display:flex;">(1,025)</div><div id="a36078" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.4px;">Long-term asset retirement obligations and accrued<div style="display:inline-block;width:1.97px"> </div>environmental costs </div><div id="a36082" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:175.4px;">$ </div><div id="a36084" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:175.4px;">5,430</div><div id="a36087" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:175.4px;">5,352</div></div></div></div><div id="TextBlockContainer612" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36111" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Asset Retirement Obligations </div><div id="a36114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">We record the fair value of a liability for an ARO when it is incurred (typically when<div style="display:inline-block;width:2.12px"> </div>the asset is installed at </div><div id="a36119" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">the production location).<div style="display:inline-block;width:6.31px"> </div>When the liability is initially recorded,<div style="display:inline-block;width:2.14px"> </div>we capitalize the associated asset retirement </div><div id="a36121" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">cost by increasing the carrying amount of the related<div style="display:inline-block;width:2.05px"> </div>PP&amp;E.<div style="display:inline-block;width:6.93px"> </div>If, in subsequent periods, our estimate<div style="display:inline-block;width:2.13px"> </div>of this </div><div id="a36123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">liability changes, we will record an adjustment<div style="display:inline-block;width:2.13px"> </div>to both the liability and PP&amp;E.<div style="display:inline-block;width:5.94px"> </div>Over time, the liability </div><div id="a36126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">increases for the change in its present value,<div style="display:inline-block;width:2.07px"> </div>while the capitalized cost depreciates over the<div style="display:inline-block;width:2.16px"> </div>useful life of the </div><div id="a36127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">related asset. </div><div id="a36129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;"> </div><div id="a36130" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.6px;">We have numerous AROs we are required to perform under law or contract once<div style="display:inline-block;width:2.15px"> </div>an asset is permanently taken </div><div id="a36134" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">out of service.<div style="display:inline-block;width:6.73px"> </div>Most of these obligations are not expected<div style="display:inline-block;width:1.97px"> </div>to be paid until several years, or decades, in<div style="display:inline-block;width:2.17px"> </div>the </div><div id="a36135" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">future and will be funded from general company<div style="display:inline-block;width:2.07px"> </div>resources at the time of removal.<div style="display:inline-block;width:5.71px"> </div>Our largest individual </div><div id="a36137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">obligations involve plugging and abandonment<div style="display:inline-block;width:2.07px"> </div>of wells and removal and disposal of offshore oil<div style="display:inline-block;width:2.15px"> </div>and gas </div><div id="a36144" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">platforms around the world, as well as oil and<div style="display:inline-block;width:2.16px"> </div>gas production facilities and pipelines in Alaska.</div></div><div id="TextBlockContainer615" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36149" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">During 2020 and 2019, our overall ARO changed<div style="display:inline-block;width:2.09px"> </div>as follows: </div><div id="a36157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:511.155px;top:30.1px;">Millions of Dollars </div><div id="a36160" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:536.795px;top:46.7px;">2020 </div><div id="a36163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:46.7px;">2019 </div><div id="a36170" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:79.7px;">Balance at January 1 </div><div id="a36172" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:79.7px;">$ </div><div id="a36174" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:79.7px;">6,206</div><div id="a36177" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:79.7px;">7,908</div><div id="a36179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.7px;">Accretion of discount </div><div id="a36182" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:95.7px;">248</div><div id="a36185" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:95.7px;">322</div><div id="a36187" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.8px;">New obligations </div><div id="a36190" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:111.8px;">262</div><div id="a36193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:111.8px;">155</div><div id="a36195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128px;">Changes in estimates of existing obligations </div><div id="a36199" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:128px;display:flex;">(307)</div><div id="a36202" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:128px;">50</div><div id="a36204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144px;">Spending on existing obligations </div><div id="a36207" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:144px;display:flex;">(116)</div><div id="a36210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:144px;display:flex;">(229)</div><div id="a36212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.2px;">Property dispositions </div><div id="a36215" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:160.2px;display:flex;">(771)</div><div id="a36218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:160.2px;display:flex;">(1,920)</div><div id="a36220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.3px;">Foreign currency translation </div><div id="a36223" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:546.715px;top:176.3px;">51</div><div id="a36226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:176.3px;display:flex;">(80)</div><div id="a36228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193px;">Balance at December 31 </div><div id="a36230" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:193px;">$ </div><div id="a36232" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:193px;">5,573</div><div id="a36235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:193px;">6,206</div></div><div id="TextBlockContainer618" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:290px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36240" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Accrued Environmental Costs </div><div id="a36242" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Total accrued environmental costs at December 31, 2020 and 2019, were $</div><div id="a36242_71_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.275px;top:16px;">180</div><div id="a36242_74_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.395px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a36242_88_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.635px;top:16px;">171</div><div id="a36242_91_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:544.635px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, </div><div id="a36252" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">respectively.<div style="display:inline-block;width:7.45px"> </div></div><div id="a36254" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;"> </div><div id="a36255" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">We had accrued environmental costs of $</div><div id="a36255_39_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:236.374px;top:64.3px;">116</div><div id="a36255_42_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:257.528px;top:64.3px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a36255_56_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:335.608px;top:64.3px;">112</div><div id="a36255_59_40" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:64.3px;"><div style="display:inline-block;width:3.52px"> </div>million at December 31, 2020 and 2019, </div><div id="a36267" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">respectively, related to remediation activities in the U.S. and Canada.<div style="display:inline-block;width:5.86px"> </div>We had also accrued in Corporate and </div><div id="a36274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">Other $</div><div id="a36274_7_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:47.253px;top:96.5px;">48</div><div id="a36274_9_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:61.168px;top:96.5px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a36274_23_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:139.408px;top:96.5px;">47</div><div id="a36274_25_80" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:153.328px;top:96.5px;"><div style="display:inline-block;width:3.52px"> </div>million of environmental costs associated<div style="display:inline-block;width:2.17px"> </div>with sites no longer in operation at </div><div id="a36279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">December 31, 2020 and 2019, respectively.<div style="display:inline-block;width:6.75px"> </div>In addition, $</div><div id="a36279_57_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:330.168px;top:112.7px;">16</div><div id="a36279_59_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.275px;top:112.7px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a36279_73_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.515px;top:112.7px;">12</div><div id="a36279_75_31" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:436.435px;top:112.7px;"><div style="display:inline-block;width:3.52px"> </div>million were included at both </div><div id="a36291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">December 31, 2020 and 2019, respectively, where the company has been named<div style="display:inline-block;width:2.11px"> </div>a potentially responsible party </div><div id="a36299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">under the Federal Comprehensive Environmental<div style="display:inline-block;width:2.07px"> </div>Response, Compensation and Liability<div style="display:inline-block;width:2.11px"> </div>Act, or similar state </div><div id="a36300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">laws.<div style="display:inline-block;width:6.83px"> </div>Accrued environmental liabilities are expected to<div style="display:inline-block;width:2.02px"> </div>be paid over periods extending up to </div><div id="a36300_94_2" style="position:absolute;font-family:'Times New Roman';left:528.048px;top:161px;">30</div><div id="a36300_96_8" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.128px;top:161px;"><div style="display:inline-block;width:3.52px"> </div>years. </div><div id="a36303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;"> </div><div id="a36304" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">Expected expenditures for environmental obligations<div style="display:inline-block;width:1.92px"> </div>acquired in various business combinations<div style="display:inline-block;width:2.11px"> </div>are discounted </div><div id="a36305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">using a weighted-average </div><div id="a36305_25_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:151.408px;top:209.3px;">5</div><div id="a36305_26_85" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:158.448px;top:209.3px;"><div style="display:inline-block;width:3.36px"> </div>percent discount factor, resulting in an accrued balance for acquired<div style="display:inline-block;width:2.08px"> </div>environmental </div><div id="a36310" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">liabilities of $</div><div id="a36310_16_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:82.454px;top:225.3px;">106</div><div id="a36310_19_89" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:103.574px;top:225.3px;"><div style="display:inline-block;width:3.52px"> </div>million at December 31, 2020.<div style="display:inline-block;width:6.07px"> </div>The expected future undiscounted payments<div style="display:inline-block;width:2.06px"> </div>related to the </div><div id="a36316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">portion of the accrued environmental costs that<div style="display:inline-block;width:2.11px"> </div>have been discounted are: $</div><div id="a36316_75_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.414px;top:241.5px;">23</div><div id="a36316_77_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:441.494px;top:241.5px;"><div style="display:inline-block;width:3.52px"> </div>million in 2021, $</div><div id="a36316_96_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.435px;top:241.5px;">17</div><div id="a36316_98_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:559.515px;top:241.5px;"><div style="display:inline-block;width:3.52px"> </div>million in </div><div id="a36319" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">2022, $</div><div id="a36319_7_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:46.773px;top:257.5px;">18</div><div id="a36319_9_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:60.853px;top:257.5px;"><div style="display:inline-block;width:3.52px"> </div>million in 2023, $</div><div id="a36319_28_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:164.528px;top:257.5px;">3</div><div id="a36319_29_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:171.568px;top:257.5px;"><div style="display:inline-block;width:3.52px"> </div>million in 2024, $</div><div id="a36319_48_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:275.608px;top:257.5px;">2</div><div id="a36319_49_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:282.488px;top:257.5px;"><div style="display:inline-block;width:3.52px"> </div>million in 2025, and $</div><div id="a36319_72_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:410.035px;top:257.5px;">103</div><div id="a36319_75_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:431.155px;top:257.5px;"><div style="display:inline-block;width:3.52px"> </div>million for all future years </div><div id="a36330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">after 2025.</div></div> <div id="TextBlockContainer607" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:192px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36014" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 9—Asset Retirement Obligations and Accrued<div style="display:inline-block;width:2.14px"> </div>Environmental Costs<div style="display:inline-block;width:6.48px"> </div></div><div id="a36023" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:29.9px;">Asset retirement obligations and accrued environmental<div style="display:inline-block;width:1.9px"> </div>costs at December 31 were: </div><div id="a36031" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:511.155px;top:60px;">Millions of Dollars </div><div id="a36034" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:536.795px;top:76.7px;">2020 </div><div id="a36037" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:76.7px;">2019 </div><div id="a36044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.6px;">Asset retirement obligations </div><div id="a36047" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:109.6px;">$ </div><div id="a36049" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:109.6px;">5,573</div><div id="a36052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:109.6px;">6,206</div><div id="a36054" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.6px;">Accrued environmental costs </div><div id="a36057" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:125.6px;">180</div><div id="a36060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:125.6px;">171</div><div id="a36062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:142.4px;">Total asset retirement obligations and accrued environmental costs </div><div id="a36065" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:142.4px;">5,753</div><div id="a36068" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:142.4px;">6,377</div><div id="a36070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:158.6px;">Asset retirement obligations and accrued environmental<div style="display:inline-block;width:1.9px"> </div>costs due within one year* </div><div id="a36073" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:158.6px;display:flex;">(323)</div><div id="a36076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:158.6px;display:flex;">(1,025)</div><div id="a36078" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:175.4px;">Long-term asset retirement obligations and accrued<div style="display:inline-block;width:1.97px"> </div>environmental costs </div><div id="a36082" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:175.4px;">$ </div><div id="a36084" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:175.4px;">5,430</div><div id="a36087" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:175.4px;">5,352</div></div> 5573000000 6206000000 180000000 171000000 5753000000 6377000000 -323000000 -1025000000 5430000000 5352000000 <div id="TextBlockContainer610" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:629px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36089" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Classified as a current liability on the balance sheet under “Other accruals.” For<div style="display:inline-block;width:1.26px"> </div>2019, $</div><div id="a36089_91_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:394.195px;top:0px;">741</div><div id="a36089_94_52" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:410.355px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million relates to assets which were held for sale </div><div id="a36101" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;">as of December 31, 2019, and subsequently sold in 2020. For<div style="display:inline-block;width:1.37px"> </div>additional information see Note 4—Asset Acquisitions and Dispositions.</div></div> 741000000 <div id="TextBlockContainer616" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_614_XBRL_CS_00ee76adb11f434b90263b2c25ca2c64" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer615" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:210px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36149" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">During 2020 and 2019, our overall ARO changed<div style="display:inline-block;width:2.09px"> </div>as follows: </div><div id="a36157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:511.155px;top:30.1px;">Millions of Dollars </div><div id="a36160" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:536.795px;top:46.7px;">2020 </div><div id="a36163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:46.7px;">2019 </div><div id="a36170" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:79.7px;">Balance at January 1 </div><div id="a36172" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:79.7px;">$ </div><div id="a36174" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:79.7px;">6,206</div><div id="a36177" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:79.7px;">7,908</div><div id="a36179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.7px;">Accretion of discount </div><div id="a36182" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:95.7px;">248</div><div id="a36185" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:95.7px;">322</div><div id="a36187" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.8px;">New obligations </div><div id="a36190" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:111.8px;">262</div><div id="a36193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:111.8px;">155</div><div id="a36195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128px;">Changes in estimates of existing obligations </div><div id="a36199" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:128px;display:flex;">(307)</div><div id="a36202" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:128px;">50</div><div id="a36204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144px;">Spending on existing obligations </div><div id="a36207" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:144px;display:flex;">(116)</div><div id="a36210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:144px;display:flex;">(229)</div><div id="a36212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.2px;">Property dispositions </div><div id="a36215" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.395px;top:160.2px;display:flex;">(771)</div><div id="a36218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:160.2px;display:flex;">(1,920)</div><div id="a36220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.3px;">Foreign currency translation </div><div id="a36223" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:546.715px;top:176.3px;">51</div><div id="a36226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:176.3px;display:flex;">(80)</div><div id="a36228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193px;">Balance at December 31 </div><div id="a36230" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:193px;">$ </div><div id="a36232" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.275px;top:193px;">5,573</div><div id="a36235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:193px;">6,206</div></div></div></div> 6206000000 7908000000 248000000 322000000 262000000 155000000 307000000 -50000000 116000000 229000000 771000000 1920000000 -51000000 80000000 5573000000 6206000000 180000000 171000000 116000000 112000000 48000000 47000000 16000000 12000000 P30Y 0.05 106000000 23000000 17000000 18000000 3000000 2000000 103000000 <div id="TextBlockContainer622" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:724px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_620_XBRL_CS_1cb4c415bb7d4f74b25b5232650a4dd3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer621" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:724px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36338" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 10—Debt<div style="display:inline-block;width:3.07px"> </div></div><div id="a36353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:28px;">Long-term debt at December 31 was: </div><div id="a36359" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:499.155px;top:44px;">Millions of Dollars </div><div id="a36363" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:525.915px;top:60.7px;">2020 </div><div id="a36366" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:60.7px;">2019 </div><div id="a36374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:93.6px;">9.125</div><div id="a36374_5_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:93.6px;">% Debentures due 2021 </div><div id="a36376" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:475.795px;top:93.6px;">$ </div><div id="a36378" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:93.6px;">123</div><div id="a36381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:93.6px;">123</div><div id="a36383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.6px;">2.4</div><div id="a36383_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:109.6px;">% Notes due 2022 </div><div id="a36386" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:109.6px;">329</div><div id="a36389" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:109.6px;">329</div><div id="a36391" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.8px;">7.65</div><div id="a36391_4_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:125.8px;">% Debentures due 2023 </div><div id="a36394" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:125.8px;">78</div><div id="a36397" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:125.8px;">78</div><div id="a36399" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:141.9px;">3.35</div><div id="a36399_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:141.9px;">% Notes due 2024 </div><div id="a36402" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:141.9px;">426</div><div id="a36405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:141.9px;">426</div><div id="a36407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:157.9px;">8.2</div><div id="a36407_3_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:157.9px;">% Debentures due 2025 </div><div id="a36410" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:157.9px;">134</div><div id="a36413" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:157.9px;">134</div><div id="a36415" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:174.1px;">3.35</div><div id="a36415_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:174.1px;">% Notes due 2025 </div><div id="a36418" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:174.1px;">199</div><div id="a36421" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:174.1px;">199</div><div id="a36423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:190.1px;">6.875</div><div id="a36423_5_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:190.1px;">% Debentures due 2026 </div><div id="a36426" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:190.1px;">67</div><div id="a36429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:190.1px;">67</div><div id="a36431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:206.3px;">4.95</div><div id="a36431_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:206.3px;">% Notes due 2026 </div><div id="a36434" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.395px;top:206.3px;">1,250</div><div id="a36437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:206.3px;">1,250</div><div id="a36439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:222.4px;">7.8</div><div id="a36439_3_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:222.4px;">% Debentures due 2027 </div><div id="a36442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:222.4px;">203</div><div id="a36445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:222.4px;">203</div><div id="a36447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:238.5px;">7.375</div><div id="a36447_5_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:238.5px;">% Debentures due 2029 </div><div id="a36450" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:238.5px;">92</div><div id="a36453" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:238.5px;">92</div><div id="a36455" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:254.6px;">7</div><div id="a36455_1_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:254.6px;">% Debentures due 2029 </div><div id="a36459" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:254.6px;">200</div><div id="a36462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:254.6px;">200</div><div id="a36464" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:270.8px;">6.95</div><div id="a36464_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:270.8px;">% Notes due 2029 </div><div id="a36467" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.395px;top:270.8px;">1,549</div><div id="a36470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:270.8px;">1,549</div><div id="a36472" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:286.8px;">8.125</div><div id="a36472_5_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:286.8px;">% Notes due 2030 </div><div id="a36475" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:286.8px;">390</div><div id="a36478" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:286.8px;">390</div><div id="a36480" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:302.9px;">7.2</div><div id="a36480_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:302.9px;">% Notes due 2031 </div><div id="a36483" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:302.9px;">575</div><div id="a36486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:302.9px;">575</div><div id="a36488" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:318.9px;">7.25</div><div id="a36488_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:318.9px;">% Notes due 2031 </div><div id="a36491" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:318.9px;">500</div><div id="a36494" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:318.9px;">500</div><div id="a36496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:335.1px;">7.4</div><div id="a36496_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:335.1px;">% Notes due 2031 </div><div id="a36499" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:335.1px;">500</div><div id="a36502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:335.1px;">500</div><div id="a36504" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:351.3px;">5.9</div><div id="a36504_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:351.3px;">% Notes due 2032 </div><div id="a36507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:351.3px;">505</div><div id="a36510" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:351.3px;">505</div><div id="a36512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:367.3px;">4.15</div><div id="a36512_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:367.3px;">% Notes due 2034 </div><div id="a36515" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:367.3px;">246</div><div id="a36518" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:367.3px;">246</div><div id="a36520" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:383.4px;">5.95</div><div id="a36520_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:383.4px;">% Notes due 2036 </div><div id="a36523" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:383.4px;">500</div><div id="a36526" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:383.4px;">500</div><div id="a36528" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:399.6px;">5.951</div><div id="a36528_5_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:399.6px;">% Notes due 2037 </div><div id="a36531" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:399.6px;">645</div><div id="a36534" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:399.6px;">645</div><div id="a36536" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:415.6px;">5.9</div><div id="a36536_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:415.6px;">% Notes due 2038 </div><div id="a36539" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:415.6px;">600</div><div id="a36542" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:415.6px;">600</div><div id="a36544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:431.7px;">6.5</div><div id="a36544_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:431.7px;">% Notes due 2039 </div><div id="a36547" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.395px;top:431.7px;">2,750</div><div id="a36550" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:431.7px;">2,750</div><div id="a36552" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:447.7px;">4.3</div><div id="a36552_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:447.7px;">% Notes due 2044 </div><div id="a36555" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:447.7px;">750</div><div id="a36558" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:447.7px;">750</div><div id="a36560" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:463.9px;">5.95</div><div id="a36560_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:463.9px;">% Notes due 2046 </div><div id="a36563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:463.9px;">500</div><div id="a36566" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:463.9px;">500</div><div id="a36568" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:480.1px;">7.9</div><div id="a36568_3_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:480.1px;">% Debentures due 2047 </div><div id="a36571" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:480.1px;">60</div><div id="a36574" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:480.1px;">60</div><div id="a36576" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:496.1px;">Floating rate notes due 2022 at </div><div id="a36576_32_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:181.174px;top:496.1px;">1.12</div><div id="a36576_36_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:205.814px;top:496.1px;">% – </div><div id="a36576_40_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:231.448px;top:496.1px;">2.81</div><div id="a36576_44_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:256.088px;top:496.1px;">% during 2020 and<div style="display:inline-block;width:2.73px"> </div></div><div id="a36586_1_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:18.293px;top:512.4px;">2.81</div><div id="a36586_5_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:42.933px;top:512.4px;">% – </div><div id="a36586_9_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:68.528px;top:512.4px;">3.58</div><div id="a36586_13_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:93.008px;top:512.4px;">% during 2019 </div><div id="a36592" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:512.4px;">500</div><div id="a36595" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:512.4px;">500</div><div id="a36597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:528.6px;">Marine Terminal Revenue Refunding Bonds due 2031 at </div><div id="a36597_52_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.774px;top:528.6px;">0.1</div><div id="a36597_55_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.374px;top:528.6px;">% – </div><div id="a36597_59_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.195px;top:528.6px;">7.5</div><div id="a36597_62_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:387.635px;top:528.6px;">% during </div><div id="a36607" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:544.6px;"><div style="display:inline-block;width:3.52px"> </div>2020 and </div><div id="a36607_10_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:73.653px;top:544.6px;">1.08</div><div id="a36607_14_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:98.133px;top:544.6px;">% – </div><div id="a36607_18_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:123.728px;top:544.6px;">2.45</div><div id="a36607_22_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:148.368px;top:544.6px;">% during 2019 </div><div id="a36614" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:544.6px;">265</div><div id="a36617" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:544.6px;">265</div><div id="a36619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:560.7px;">Industrial Development Bonds due 2035 at </div><div id="a36619_41_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:249.014px;top:560.7px;">0.11</div><div id="a36619_45_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:273.494px;top:560.7px;">% – </div><div id="a36619_49_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:299.128px;top:560.7px;">7.5</div><div id="a36619_52_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:316.568px;top:560.7px;">% during 2020 and<div style="display:inline-block;width:2.89px"> </div></div><div id="a36629_1_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:18.293px;top:576.7px;">1.08</div><div id="a36629_5_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:42.933px;top:576.7px;">% – </div><div id="a36629_9_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:68.528px;top:576.7px;">2.45</div><div id="a36629_13_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:93.008px;top:576.7px;">% during 2019 </div><div id="a36636" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:576.7px;">18</div><div id="a36639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:576.7px;">18</div><div id="a36641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:592.9px;">Commercial Paper at </div><div id="a36641_20_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:126.454px;top:592.9px;">0.08</div><div id="a36641_24_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:151.094px;top:592.9px;">% – </div><div id="a36641_28_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:176.568px;top:592.9px;">0.23</div><div id="a36641_32_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:201.208px;top:592.9px;">% during 2020 </div><div id="a36647" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:592.9px;">300</div><div id="a36651" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:609.1px;">Other </div><div id="a36654" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:609.1px;">38</div><div id="a36657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:609.1px;">17</div><div id="a36659" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:625.7px;">Debt at face value </div><div id="a36662" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:511.315px;top:625.7px;">14,292</div><div id="a36665" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:625.7px;">13,971</div><div id="a36667" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:641.9px;">Finance leases </div><div id="a36670" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:641.9px;">891</div><div id="a36673" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:641.9px;">720</div><div id="a36675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:658px;">Net unamortized premiums, discounts and<div style="display:inline-block;width:2.18px"> </div>debt issuance costs </div><div id="a36679" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:658px;">186</div><div id="a36682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:658px;">204</div><div id="a36684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:674.7px;">Total debt </div><div id="a36687" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:511.315px;top:674.7px;">15,369</div><div id="a36690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:674.7px;">14,895</div><div id="a36692" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:690.9px;">Short-term debt </div><div id="a36697" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:523.515px;top:690.9px;display:flex;">(619)</div><div id="a36700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:690.9px;display:flex;">(105)</div><div id="a36702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:707.7px;">Long-term debt </div><div id="a36706" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:475.795px;top:707.7px;">$ </div><div id="a36708" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:511.315px;top:707.7px;">14,750</div><div id="a36711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:707.7px;">14,790</div></div></div></div><div id="TextBlockContainer624" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:709px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36716" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Maturities of long-term borrowings, inclusive<div style="display:inline-block;width:2.14px"> </div>of net unamortized premiums and discounts,<div style="display:inline-block;width:2.06px"> </div>in 2021 through </div><div id="a36721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">2025 are: $</div><div id="a36721_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:67.728px;top:16px;">619</div><div id="a36721_14_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:88.848px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, $</div><div id="a36721_25_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:146.768px;top:16px;">1,001</div><div id="a36721_30_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:178.328px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, $</div><div id="a36721_41_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:236.248px;top:16px;">259</div><div id="a36721_44_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:257.368px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, $</div><div id="a36721_55_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.288px;top:16px;">579</div><div id="a36721_58_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.248px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a36721_72_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:414.515px;top:16px;">465</div><div id="a36721_75_26" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.475px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively.<div style="display:inline-block;width:7.13px"> </div></div><div id="a36741" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;"> </div><div id="a36742" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">We have a revolving credit facility totaling $</div><div id="a36742_46_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:256.248px;top:48.2px;">6.0</div><div id="a36742_49_61" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:273.848px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>billion with an expiration date of May 2023.<div style="display:inline-block;width:5.63px"> </div>Our revolving </div><div id="a36748" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">credit facility may be used for direct bank borrowings,<div style="display:inline-block;width:1.88px"> </div>the issuance of letters of credit totaling<div style="display:inline-block;width:2.17px"> </div>up to $</div><div id="a36748_106_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:573.755px;top:64.3px;">500</div><div id="a36748_109_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.715px;top:64.3px;"> </div><div id="a36751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">million,<div style="display:inline-block;width:3.16px"> </div>or as support for our commercial paper program.<div style="display:inline-block;width:5.58px"> </div>The revolving credit facility is broadly syndicated </div><div id="a36754" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">among financial institutions and does not contain<div style="display:inline-block;width:2.02px"> </div>any material adverse change provisions or any covenants </div><div id="a36755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">requiring maintenance of specified financial<div style="display:inline-block;width:2.09px"> </div>ratios or credit ratings.<div style="display:inline-block;width:6.33px"> </div>The facility agreement contains a cross-</div><div id="a36758" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">default provision relating to the failure to pay principal<div style="display:inline-block;width:1.86px"> </div>or interest on other debt obligations of $</div><div id="a36758_101_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.595px;top:128.8px;">200</div><div id="a36758_104_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.555px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>million or </div><div id="a36762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">more by ConocoPhillips, or any of its consolidated<div style="display:inline-block;width:2.06px"> </div>subsidiaries.<div style="display:inline-block;width:6.54px"> </div>The amount of the facility is not subject to </div><div id="a36766" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">redetermination prior to its expiration date. </div><div id="a36772" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;"> </div><div id="a36773" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">Credit facility borrowings may bear interest at<div style="display:inline-block;width:2.16px"> </div>a margin above rates offered by certain designated banks in the </div><div id="a36774" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">London interbank market or at a margin above the overnight<div style="display:inline-block;width:1.95px"> </div>federal funds rate or prime rates offered by </div><div id="a36776" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">certain designated banks in the U.S.<div style="display:inline-block;width:5.85px"> </div>The agreement calls for commitment fees<div style="display:inline-block;width:2.14px"> </div>on available, but unused, </div><div id="a36777" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">amounts.<div style="display:inline-block;width:6.85px"> </div>The agreement also contains early termination<div style="display:inline-block;width:1.95px"> </div>rights if our current directors or their approved </div><div id="a36779" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">successors cease to be a majority of the Board<div style="display:inline-block;width:2.15px"> </div>of Directors. </div><div id="a36781" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;"> </div><div id="a36782" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">The revolving credit facility supports our ability<div style="display:inline-block;width:2.08px"> </div>to issue up to $</div><div id="a36782_67_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.934px;top:289.8px;">6.0</div><div id="a36782_70_39" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:380.374px;top:289.8px;"><div style="display:inline-block;width:3.52px"> </div>billion of commercial paper, which is </div><div id="a36786" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">primarily a funding source for short-term working capital<div style="display:inline-block;width:1.8px"> </div>needs.<div style="display:inline-block;width:6.82px"> </div>Commercial paper maturities are generally </div><div id="a36791" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;">limited to </div><div id="a36791_11_7" style="position:absolute;font-family:'Times New Roman';left:62.134px;top:322px;">90 days</div><div id="a36791_18_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:105.493px;top:322px;">.<div style="display:inline-block;width:7.03px"> </div>We issued $</div><div id="a36791_32_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:184.368px;top:322px;">300</div><div id="a36791_35_68" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:205.488px;top:322px;"><div style="display:inline-block;width:3.52px"> </div>million of commercial paper in the third<div style="display:inline-block;width:2.17px"> </div>quarter of 2020, which is </div><div id="a36793" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">included in the short-term debt on our consolidated<div style="display:inline-block;width:2.06px"> </div>balance sheet.<div style="display:inline-block;width:6.71px"> </div>With $</div><div id="a36793_74_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.995px;top:338.1px;">300</div><div id="a36793_77_29" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:440.115px;top:338.1px;"><div style="display:inline-block;width:3.52px"> </div>million of commercial paper </div><div id="a36799" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">outstanding and </div><div id="a36799_16_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:97.328px;top:354.1px;-sec-ix-hidden:ID_2152;">no</div><div id="a36799_18_59" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:111.408px;top:354.1px;"><div style="display:inline-block;width:3.52px"> </div>direct borrowings or letters of credit,<div style="display:inline-block;width:2.1px"> </div>we had access to $</div><div id="a36799_77_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.595px;top:354.1px;">5.7</div><div id="a36799_80_32" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:446.035px;top:354.1px;"><div style="display:inline-block;width:3.52px"> </div>billion in available borrowing </div><div id="a36811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">capacity under our revolving credit facility<div style="display:inline-block;width:1.98px"> </div>at December 31, 2020.<div style="display:inline-block;width:6.61px"> </div>We had </div><div id="a36811_75_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.915px;top:370.3px;">no</div><div id="a36811_77_31" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.995px;top:370.3px;"><div style="display:inline-block;width:3.52px"> </div>direct borrowings, letters of </div><div id="a36818" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">credit, nor outstanding commercial paper as<div style="display:inline-block;width:2.19px"> </div>of December 31, 2019. </div><div id="a36820" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:402.5px;"> </div><div id="a36821" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">At both December 31, 2020 and 2019, we had<div style="display:inline-block;width:2.12px"> </div>$</div><div id="a36821_44_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:273.528px;top:418.6px;-sec-ix-hidden:ID_1575;">283</div><div id="a36821_47_55" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:294.488px;top:418.6px;"><div style="display:inline-block;width:3.52px"> </div>million of certain variable rate demand<div style="display:inline-block;width:2.12px"> </div>bonds (VRDBs) </div><div id="a36826" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">outstanding with maturities ranging through 2035.<div style="display:inline-block;width:5.5px"> </div>The VRDBs are redeemable at the option<div style="display:inline-block;width:2.18px"> </div>of the </div><div id="a36834" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">bondholders on any business day.<div style="display:inline-block;width:7.12px"> </div>If they are ever redeemed, we have the ability<div style="display:inline-block;width:1.94px"> </div>and intent<div style="display:inline-block;width:3.17px"> </div>to refinance on a </div><div id="a36843" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.8px;">long-term basis, therefore, the VRDBs are included<div style="display:inline-block;width:2.04px"> </div>in the “Long-term debt” line on our consolidated<div style="display:inline-block;width:2px"> </div>balance </div><div id="a36852" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483px;">sheet.<div style="display:inline-block;width:10.26px"> </div></div><div id="a36854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;"> </div><div id="a36855" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.1px;">For information on Finance Leases, see Note 16—Non-Mineral<div style="display:inline-block;width:1.64px"> </div>Leases. </div><div id="a36863" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;"> </div><div id="a36864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">On January 15, 2021, we completed the acquisition<div style="display:inline-block;width:1.92px"> </div>of Concho in an all-stock transaction.<div style="display:inline-block;width:2.32px"> </div>In the acquisition, </div><div id="a36877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;">we assumed Concho’s publicly traded debt, which was recorded at fair value<div style="display:inline-block;width:1.95px"> </div>of $</div><div id="a36877_79_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:563.5px;">4.7</div><div id="a36877_82_28" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.035px;top:563.5px;"><div style="display:inline-block;width:3.52px"> </div>billion on the acquisition </div><div id="a36880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;">date. On December 7, 2020, we launched a debt<div style="display:inline-block;width:2.17px"> </div>exchange offer which settled on February 8, 2021.<div style="display:inline-block;width:5.53px"> </div>Of the </div><div id="a36883" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">approximately $</div><div id="a36883_15_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.213px;top:595.6px;">3.9</div><div id="a36883_18_88" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:113.654px;top:595.6px;"><div style="display:inline-block;width:3.52px"> </div>billion in aggregate principal amount of Concho’s notes subject to<div style="display:inline-block;width:2.05px"> </div>the exchange offer, </div><div id="a36883_106_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.448px;top:595.6px;">98</div><div id="a36883_108_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:616.369px;top:595.6px;"> </div><div id="a36885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.8px;">percent, or approximately $</div><div id="a36885_27_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:159.574px;top:611.8px;">3.8</div><div id="a36885_30_76" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:177.014px;top:611.8px;"><div style="display:inline-block;width:3.52px"> </div>billion, was tendered and exchanged for new<div style="display:inline-block;width:2.1px"> </div>debt issued by ConocoPhillips. </div><div id="a36887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.9px;">The new debt received in the exchange is fully<div style="display:inline-block;width:2.08px"> </div>and unconditionally guaranteed by ConocoPhillips<div style="display:inline-block;width:1.96px"> </div>Company. </div><div id="a36889" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:643.9px;">In conjunction with the exchange offer, Concho successfully solicited<div style="display:inline-block;width:2.1px"> </div>consents to amend each of the </div><div id="a36890" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:660.1px;">indentures governing the Concho notes to eliminate<div style="display:inline-block;width:1.88px"> </div>certain covenants, restrictive provisions, events<div style="display:inline-block;width:2.15px"> </div>of default </div><div id="a36891" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:676.3px;">and the requirements for certain Concho subsidiaries<div style="display:inline-block;width:1.89px"> </div>to make future guarantees.<div style="display:inline-block;width:6.34px"> </div>For additional information on </div><div id="a36893" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:692.3px;">the acquisition see Note 25—Acquisition of Concho<div style="display:inline-block;width:1.99px"> </div>Resources Inc.</div></div> <div id="TextBlockContainer621" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:724px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36338" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 10—Debt<div style="display:inline-block;width:3.07px"> </div></div><div id="a36353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:28px;">Long-term debt at December 31 was: </div><div id="a36359" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:499.155px;top:44px;">Millions of Dollars </div><div id="a36363" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:525.915px;top:60.7px;">2020 </div><div id="a36366" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:60.7px;">2019 </div><div id="a36374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:93.6px;">9.125</div><div id="a36374_5_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:93.6px;">% Debentures due 2021 </div><div id="a36376" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:475.795px;top:93.6px;">$ </div><div id="a36378" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:93.6px;">123</div><div id="a36381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:93.6px;">123</div><div id="a36383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.6px;">2.4</div><div id="a36383_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:109.6px;">% Notes due 2022 </div><div id="a36386" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:109.6px;">329</div><div id="a36389" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:109.6px;">329</div><div id="a36391" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.8px;">7.65</div><div id="a36391_4_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:125.8px;">% Debentures due 2023 </div><div id="a36394" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:125.8px;">78</div><div id="a36397" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:125.8px;">78</div><div id="a36399" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:141.9px;">3.35</div><div id="a36399_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:141.9px;">% Notes due 2024 </div><div id="a36402" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:141.9px;">426</div><div id="a36405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:141.9px;">426</div><div id="a36407" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:157.9px;">8.2</div><div id="a36407_3_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:157.9px;">% Debentures due 2025 </div><div id="a36410" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:157.9px;">134</div><div id="a36413" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:157.9px;">134</div><div id="a36415" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:174.1px;">3.35</div><div id="a36415_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:174.1px;">% Notes due 2025 </div><div id="a36418" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:174.1px;">199</div><div id="a36421" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:174.1px;">199</div><div id="a36423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:190.1px;">6.875</div><div id="a36423_5_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:190.1px;">% Debentures due 2026 </div><div id="a36426" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:190.1px;">67</div><div id="a36429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:190.1px;">67</div><div id="a36431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:206.3px;">4.95</div><div id="a36431_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:206.3px;">% Notes due 2026 </div><div id="a36434" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.395px;top:206.3px;">1,250</div><div id="a36437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:206.3px;">1,250</div><div id="a36439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:222.4px;">7.8</div><div id="a36439_3_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:222.4px;">% Debentures due 2027 </div><div id="a36442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:222.4px;">203</div><div id="a36445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:222.4px;">203</div><div id="a36447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:238.5px;">7.375</div><div id="a36447_5_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:238.5px;">% Debentures due 2029 </div><div id="a36450" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:238.5px;">92</div><div id="a36453" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:238.5px;">92</div><div id="a36455" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:254.6px;">7</div><div id="a36455_1_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:254.6px;">% Debentures due 2029 </div><div id="a36459" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:254.6px;">200</div><div id="a36462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:254.6px;">200</div><div id="a36464" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:270.8px;">6.95</div><div id="a36464_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:270.8px;">% Notes due 2029 </div><div id="a36467" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.395px;top:270.8px;">1,549</div><div id="a36470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:270.8px;">1,549</div><div id="a36472" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:286.8px;">8.125</div><div id="a36472_5_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:286.8px;">% Notes due 2030 </div><div id="a36475" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:286.8px;">390</div><div id="a36478" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:286.8px;">390</div><div id="a36480" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:302.9px;">7.2</div><div id="a36480_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:302.9px;">% Notes due 2031 </div><div id="a36483" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:302.9px;">575</div><div id="a36486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:302.9px;">575</div><div id="a36488" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:318.9px;">7.25</div><div id="a36488_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:318.9px;">% Notes due 2031 </div><div id="a36491" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:318.9px;">500</div><div id="a36494" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:318.9px;">500</div><div id="a36496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:335.1px;">7.4</div><div id="a36496_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:335.1px;">% Notes due 2031 </div><div id="a36499" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:335.1px;">500</div><div id="a36502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:335.1px;">500</div><div id="a36504" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:351.3px;">5.9</div><div id="a36504_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:351.3px;">% Notes due 2032 </div><div id="a36507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:351.3px;">505</div><div id="a36510" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:351.3px;">505</div><div id="a36512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:367.3px;">4.15</div><div id="a36512_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:367.3px;">% Notes due 2034 </div><div id="a36515" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:367.3px;">246</div><div id="a36518" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:367.3px;">246</div><div id="a36520" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:383.4px;">5.95</div><div id="a36520_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:383.4px;">% Notes due 2036 </div><div id="a36523" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:383.4px;">500</div><div id="a36526" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:383.4px;">500</div><div id="a36528" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:399.6px;">5.951</div><div id="a36528_5_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:36.373px;top:399.6px;">% Notes due 2037 </div><div id="a36531" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:399.6px;">645</div><div id="a36534" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:399.6px;">645</div><div id="a36536" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:415.6px;">5.9</div><div id="a36536_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:415.6px;">% Notes due 2038 </div><div id="a36539" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:415.6px;">600</div><div id="a36542" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:415.6px;">600</div><div id="a36544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:431.7px;">6.5</div><div id="a36544_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:431.7px;">% Notes due 2039 </div><div id="a36547" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.395px;top:431.7px;">2,750</div><div id="a36550" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:431.7px;">2,750</div><div id="a36552" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:447.7px;">4.3</div><div id="a36552_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:447.7px;">% Notes due 2044 </div><div id="a36555" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:447.7px;">750</div><div id="a36558" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:447.7px;">750</div><div id="a36560" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:463.9px;">5.95</div><div id="a36560_4_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:463.9px;">% Notes due 2046 </div><div id="a36563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:463.9px;">500</div><div id="a36566" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:463.9px;">500</div><div id="a36568" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:480.1px;">7.9</div><div id="a36568_3_22" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.293px;top:480.1px;">% Debentures due 2047 </div><div id="a36571" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:480.1px;">60</div><div id="a36574" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:480.1px;">60</div><div id="a36576" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:496.1px;">Floating rate notes due 2022 at </div><div id="a36576_32_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:181.174px;top:496.1px;">1.12</div><div id="a36576_36_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:205.814px;top:496.1px;">% – </div><div id="a36576_40_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:231.448px;top:496.1px;">2.81</div><div id="a36576_44_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:256.088px;top:496.1px;">% during 2020 and<div style="display:inline-block;width:2.73px"> </div></div><div id="a36586_1_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:18.293px;top:512.4px;">2.81</div><div id="a36586_5_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:42.933px;top:512.4px;">% – </div><div id="a36586_9_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:68.528px;top:512.4px;">3.58</div><div id="a36586_13_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:93.008px;top:512.4px;">% during 2019 </div><div id="a36592" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:512.4px;">500</div><div id="a36595" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:512.4px;">500</div><div id="a36597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:528.6px;">Marine Terminal Revenue Refunding Bonds due 2031 at </div><div id="a36597_52_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.774px;top:528.6px;">0.1</div><div id="a36597_55_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.374px;top:528.6px;">% – </div><div id="a36597_59_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:370.195px;top:528.6px;">7.5</div><div id="a36597_62_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:387.635px;top:528.6px;">% during </div><div id="a36607" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:544.6px;"><div style="display:inline-block;width:3.52px"> </div>2020 and </div><div id="a36607_10_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:73.653px;top:544.6px;">1.08</div><div id="a36607_14_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:98.133px;top:544.6px;">% – </div><div id="a36607_18_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:123.728px;top:544.6px;">2.45</div><div id="a36607_22_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:148.368px;top:544.6px;">% during 2019 </div><div id="a36614" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:544.6px;">265</div><div id="a36617" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:544.6px;">265</div><div id="a36619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:560.7px;">Industrial Development Bonds due 2035 at </div><div id="a36619_41_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:249.014px;top:560.7px;">0.11</div><div id="a36619_45_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:273.494px;top:560.7px;">% – </div><div id="a36619_49_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:299.128px;top:560.7px;">7.5</div><div id="a36619_52_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:316.568px;top:560.7px;">% during 2020 and<div style="display:inline-block;width:2.89px"> </div></div><div id="a36629_1_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:18.293px;top:576.7px;">1.08</div><div id="a36629_5_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:42.933px;top:576.7px;">% – </div><div id="a36629_9_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:68.528px;top:576.7px;">2.45</div><div id="a36629_13_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:93.008px;top:576.7px;">% during 2019 </div><div id="a36636" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:576.7px;">18</div><div id="a36639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:576.7px;">18</div><div id="a36641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:592.9px;">Commercial Paper at </div><div id="a36641_20_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:126.454px;top:592.9px;">0.08</div><div id="a36641_24_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:151.094px;top:592.9px;">% – </div><div id="a36641_28_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:176.568px;top:592.9px;">0.23</div><div id="a36641_32_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:201.208px;top:592.9px;">% during 2020 </div><div id="a36647" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:592.9px;">300</div><div id="a36651" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:609.1px;">Other </div><div id="a36654" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:535.835px;top:609.1px;">38</div><div id="a36657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:609.1px;">17</div><div id="a36659" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:625.7px;">Debt at face value </div><div id="a36662" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:511.315px;top:625.7px;">14,292</div><div id="a36665" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:625.7px;">13,971</div><div id="a36667" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:641.9px;">Finance leases </div><div id="a36670" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:641.9px;">891</div><div id="a36673" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:641.9px;">720</div><div id="a36675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:658px;">Net unamortized premiums, discounts and<div style="display:inline-block;width:2.18px"> </div>debt issuance costs </div><div id="a36679" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:528.955px;top:658px;">186</div><div id="a36682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:658px;">204</div><div id="a36684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:674.7px;">Total debt </div><div id="a36687" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:511.315px;top:674.7px;">15,369</div><div id="a36690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:674.7px;">14,895</div><div id="a36692" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:690.9px;">Short-term debt </div><div id="a36697" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:523.515px;top:690.9px;display:flex;">(619)</div><div id="a36700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:690.9px;display:flex;">(105)</div><div id="a36702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:707.7px;">Long-term debt </div><div id="a36706" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:475.795px;top:707.7px;">$ </div><div id="a36708" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:511.315px;top:707.7px;">14,750</div><div id="a36711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:707.7px;">14,790</div></div> 0.09125 123000000 123000000 0.024 329000000 329000000 0.0765 78000000 78000000 0.0335 426000000 426000000 0.082 134000000 134000000 0.0335 199000000 199000000 0.06875 67000000 67000000 0.0495 1250000000 1250000000 0.078 203000000 203000000 0.07375 92000000 92000000 0.07 200000000 200000000 0.0695 1549000000 1549000000 0.08125 390000000 390000000 0.072 575000000 575000000 0.0725 500000000 500000000 0.074 500000000 500000000 0.059 505000000 505000000 0.0415 246000000 246000000 0.0595 500000000 500000000 0.05951 645000000 645000000 0.059 600000000 600000000 0.065 2750000000 2750000000 0.043 750000000 750000000 0.0595 500000000 500000000 0.079 60000000 60000000 0.0112 0.0281 0.0281 0.0358 500000000 500000000 0.001 0.075 0.0108 0.0245 265000000 265000000 0.0011 0.075 0.0108 0.0245 18000000 18000000 0.08 0.23 300000000 38000000 17000000 14292000000 13971000000 891000000 720000000 -186000000 -204000000 15369000000 14895000000 619000000 105000000 14750000000 14790000000 619000000 1001000000 259000000 579000000 465000000 6000000000.0 500000000 200000000 6000000000.0 P90D 300000000 300000000 0 5700000000 0 0 0 283000000 4700000000 3900000000 0.98 3800000000 <div id="TextBlockContainer626" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:630px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36901" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 11—Guarantees </div><div id="a36905" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="a36906" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">At December 31, 2020, we were liable for certain<div style="display:inline-block;width:2.15px"> </div>contingent obligations under various contractual </div><div id="a36908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">arrangements as described below.<div style="display:inline-block;width:6.91px"> </div>We recognize a liability, at inception, for the fair value of our obligation as </div><div id="a36909" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">a guarantor for newly issued or modified guarantees.<div style="display:inline-block;width:5.42px"> </div>Unless the carrying amount of the liability<div style="display:inline-block;width:1.96px"> </div>is noted </div><div id="a36911" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">below, we have not recognized a liability because the fair value of the obligation<div style="display:inline-block;width:1.97px"> </div>is immaterial.<div style="display:inline-block;width:6.42px"> </div>In addition, </div><div id="a36912" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">unless otherwise stated, we are not currently<div style="display:inline-block;width:2.16px"> </div>performing with any significance under the<div style="display:inline-block;width:2.18px"> </div>guarantee and expect </div><div id="a36913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">future performance to be either immaterial<div style="display:inline-block;width:1.96px"> </div>or have only a remote chance of occurrence. </div><div id="a36916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;"> </div></div><div id="TextBlockContainer628" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:857px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a36920" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">APLNG Guarantees </div><div id="a36922" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">At December 31, 2020, we had outstanding multiple<div style="display:inline-block;width:1.89px"> </div>guarantees in connection with our </div><div id="a36922_84_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.934px;top:16px;">37.5</div><div id="a36922_88_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.574px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>percent ownership </div><div id="a36923" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">interest in APLNG.<div style="display:inline-block;width:6.43px"> </div>The following is a description of the guarantees<div style="display:inline-block;width:1.95px"> </div>with values calculated utilizing December </div><div id="a36925" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">2020 exchange rates:<div style="display:inline-block;width:2.91px"> </div></div><div id="a36927" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;"> </div><div id="a36928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:81.5px;">●</div><div id="a36929" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:81.3px;"> </div><div id="a36930" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:81.5px;">During the third quarter of 2016, we issued a guarantee<div style="display:inline-block;width:1.9px"> </div>to facilitate the withdrawal of our pro-rata </div><div id="a36933" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:97.6px;">portion of the funds in a project finance reserve<div style="display:inline-block;width:2.18px"> </div>account.<div style="display:inline-block;width:6.53px"> </div>We estimate the remaining term of this </div><div id="a36935" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:113.6px;">guarantee to be </div><div id="a36935_16_8" style="position:absolute;font-family:'Times New Roman';left:141.808px;top:113.6px;">10 years</div><div id="a36935_24_63" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:188.848px;top:113.6px;">.<div style="display:inline-block;width:6.88px"> </div>Our maximum exposure under this guarantee is<div style="display:inline-block;width:2.15px"> </div>approximately $</div><div id="a36935_87_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:560.208px;top:113.6px;">170</div><div id="a36935_90_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:581.328px;top:113.6px;"><div style="display:inline-block;width:3.52px"> </div>million </div><div id="a36939" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:129.8px;">and may become payable if an enforcement action<div style="display:inline-block;width:2.02px"> </div>is commenced by the project finance lenders </div><div id="a36940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:145.8px;">against APLNG.<div style="display:inline-block;width:6.46px"> </div>At December 31, 2020, the carrying value<div style="display:inline-block;width:2.11px"> </div>of this guarantee is approximately $</div><div id="a36940_93_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:593.049px;top:145.8px;">14</div><div id="a36940_95_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.129px;top:145.8px;"> </div><div id="a36944" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:161.9px;">million. </div><div id="a36946" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:178.1px;"> </div><div id="a36947" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:195.2px;">●</div><div id="a36948" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:195.1px;"> </div><div id="a36949" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:195.2px;">In conjunction with our original purchase of an ownership<div style="display:inline-block;width:1.77px"> </div>interest in APLNG from Origin Energy in </div><div id="a36950" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:211.2px;">October 2008, we agreed to reimburse Origin<div style="display:inline-block;width:2.15px"> </div>Energy for our share of the existing contingent liability </div><div id="a36952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:227.4px;">arising under guarantees of an existing obligation<div style="display:inline-block;width:2.08px"> </div>of APLNG to deliver natural gas under<div style="display:inline-block;width:2.17px"> </div>several sales </div><div id="a36953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:243.4px;">agreements with remaining terms of </div><div id="a36953_35_13" style="position:absolute;font-family:'Times New Roman';left:258.488px;top:243.4px;">1 to 21 years</div><div id="a36953_48_46" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:330.488px;top:243.4px;">.<div style="display:inline-block;width:6.88px"> </div>Our maximum potential liability for future </div><div id="a36960" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:259.6px;">payments, or cost of volume delivery, under these guarantees is estimated to<div style="display:inline-block;width:2.13px"> </div>be $</div><div id="a36960_81_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.448px;top:259.6px;">770</div><div id="a36960_84_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:528.475px;top:259.6px;"><div style="display:inline-block;width:3.36px"> </div>million ($</div><div id="a36960_95_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:259.6px;">1.4</div><div id="a36960_98_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:259.6px;"> </div><div id="a36967" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:275.7px;">billion in the event of intentional or reckless breach)<div style="display:inline-block;width:2px"> </div>and would become payable if APLNG fails<div style="display:inline-block;width:2.09px"> </div>to </div><div id="a36968" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:291.7px;">meet its obligations under these agreements and<div style="display:inline-block;width:2.05px"> </div>the obligations cannot otherwise be mitigated.<div style="display:inline-block;width:5.59px"> </div>Future </div><div id="a36971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:307.9px;">payments are considered unlikely, as the payments, or cost of volume delivery, would only be </div><div id="a36972" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:324.1px;">triggered if APLNG does not have enough natural<div style="display:inline-block;width:2.08px"> </div>gas to meet these sales commitments and if<div style="display:inline-block;width:2.16px"> </div>the co-</div><div id="a36974" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:340.1px;">venturers do not make necessary equity contributions<div style="display:inline-block;width:1.99px"> </div>into APLNG. </div><div id="a36977" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:356.2px;"> </div><div id="a36978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:373.3px;">●</div><div id="a36979" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:373.2px;"> </div><div id="a36980" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:373.3px;">We have guaranteed the performance of APLNG with regard to certain other contracts<div style="display:inline-block;width:2.02px"> </div>executed in </div><div id="a36981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:389.3px;">connection with the project’s continued development.<div style="display:inline-block;width:6.15px"> </div>The guarantees have remaining terms<div style="display:inline-block;width:2.17px"> </div>of </div><div id="a36981_93_6" style="position:absolute;font-family:'Times New Roman';left:589.275px;top:389.3px;">16 to </div><div id="a36985" style="position:absolute;font-family:'Times New Roman';left:52.688px;top:405.5px;">25 years or the life of the venture</div><div id="a36985_35_68" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:238.928px;top:405.5px;">.<div style="display:inline-block;width:7.04px"> </div>Our maximum potential amount of future payments<div style="display:inline-block;width:1.76px"> </div>related to these </div><div id="a36993" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:421.5px;">guarantees is approximately $</div><div id="a36993_29_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:220.408px;top:421.5px;">130</div><div id="a36993_32_65" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:241.528px;top:421.5px;"><div style="display:inline-block;width:3.52px"> </div>million and would become payable if APLNG<div style="display:inline-block;width:1.98px"> </div>does not perform.<div style="display:inline-block;width:6.44px"> </div>At </div><div id="a36999" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:437.7px;">December 31, 2020, the carrying value of these<div style="display:inline-block;width:2.09px"> </div>guarantees was approximately $</div><div id="a36999_77_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.008px;top:437.7px;">7</div><div id="a36999_78_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.888px;top:437.7px;"><div style="display:inline-block;width:3.52px"> </div>million. </div><div id="a37003" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:453.9px;"> </div><div id="a37004" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:469.9px;">Other Guarantees</div><div id="a37006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:113.168px;top:469.9px;"> </div><div id="a37007" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:486px;">We have other guarantees with maximum future potential payment amounts totaling<div style="display:inline-block;width:2.14px"> </div>approximately </div><div id="a37008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:502.2px;">$</div><div id="a37008_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:502.2px;">730</div><div id="a37008_4_109" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:32.853px;top:502.2px;"><div style="display:inline-block;width:3.52px"> </div>million, which consist primarily of<div style="display:inline-block;width:2.16px"> </div>guarantees of the residual value of leased office buildings,<div style="display:inline-block;width:1.99px"> </div>guarantees </div><div id="a37012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:518.2px;">of the residual value of corporate aircraft,<div style="display:inline-block;width:2.16px"> </div>and a guarantee for our portion of a joint venture’s project finance </div><div id="a37014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:534.3px;">reserve accounts.<div style="display:inline-block;width:6.58px"> </div>These guarantees have remaining terms<div style="display:inline-block;width:2.12px"> </div>of one to </div><div id="a37014_67_9" style="position:absolute;font-family:'Times New Roman';left:386.675px;top:534.3px;">six years</div><div id="a37014_76_29" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.955px;top:534.3px;"><div style="display:inline-block;width:3.52px"> </div>and would become payable if </div><div id="a37022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:550.3px;">certain asset values are lower than guaranteed<div style="display:inline-block;width:2.16px"> </div>amounts at the end of the lease or contract<div style="display:inline-block;width:2.17px"> </div>term, business </div><div id="a37027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:566.5px;">conditions decline at guaranteed entities,<div style="display:inline-block;width:2.18px"> </div>or as a result of nonperformance of contractual<div style="display:inline-block;width:2.04px"> </div>terms by guaranteed </div><div id="a37028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:582.7px;">parties.<div style="display:inline-block;width:6.78px"> </div>At December 31, 2020, the carrying value of these<div style="display:inline-block;width:1.98px"> </div>guarantees was approximately $</div><div id="a37028_90_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.128px;top:582.7px;">11</div><div id="a37028_92_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.208px;top:582.7px;"><div style="display:inline-block;width:3.52px"> </div>million. </div><div id="a37035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:598.7px;"> </div><div id="a37036" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:614.8px;">Indemnifications </div><div id="a37038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:630.8px;">Over the years, we have entered into agreements to<div style="display:inline-block;width:2.12px"> </div>sell ownership interests in certain legal<div style="display:inline-block;width:2.15px"> </div>entities, joint </div><div id="a37041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:647px;">ventures and assets that gave rise to qualifying<div style="display:inline-block;width:2.12px"> </div>indemnifications.<div style="display:inline-block;width:6.49px"> </div>These agreements include indemnifications </div><div id="a37042" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:663.1px;">for taxes and environmental liabilities.<div style="display:inline-block;width:5.75px"> </div>Most of these indemnifications are related to<div style="display:inline-block;width:2.15px"> </div>tax issues and the </div><div id="a37053" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:679.2px;">majority of these expire in 2021.<div style="display:inline-block;width:5.98px"> </div>Those related to environmental issues have terms<div style="display:inline-block;width:2.1px"> </div>that are generally indefinite </div><div id="a37060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:695.3px;">and the maximum amounts<div style="display:inline-block;width:2.77px"> </div>of future payments are generally unlimited.<div style="display:inline-block;width:5.47px"> </div>The carrying amount recorded for </div><div id="a37067" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:711.5px;">these indemnifications at December 31, 2020, was<div style="display:inline-block;width:2.09px"> </div>approximately $</div><div id="a37067_64_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:382.035px;top:711.5px;">50</div><div id="a37067_66_27" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.115px;top:711.5px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>We amortize the </div><div id="a37072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:727.5px;">indemnification liability over the relevant time<div style="display:inline-block;width:1.99px"> </div>period the indemnity is in effect, if one exists, based on<div style="display:inline-block;width:2.05px"> </div>the </div><div id="a37077" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:743.7px;">facts and circumstances surrounding each type<div style="display:inline-block;width:2.14px"> </div>of indemnity.<div style="display:inline-block;width:7.45px"> </div>In cases where the indemnification term<div style="display:inline-block;width:2.1px"> </div>is </div><div id="a37078" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:759.7px;">indefinite, we will reverse the liability when<div style="display:inline-block;width:2.14px"> </div>we have information the liability is essentially<div style="display:inline-block;width:1.98px"> </div>relieved or </div><div id="a37079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:775.8px;">amortize the liability over an appropriate time<div style="display:inline-block;width:2.14px"> </div>period as the fair value of our indemnification<div style="display:inline-block;width:1.91px"> </div>exposure </div><div id="a37081" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:792px;">declines.<div style="display:inline-block;width:6.83px"> </div>Although it is reasonably possible future<div style="display:inline-block;width:2.11px"> </div>payments may exceed amounts recorded, due to<div style="display:inline-block;width:2.16px"> </div>the nature </div><div id="a37082" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:808px;">of the indemnifications, it is not possible to make<div style="display:inline-block;width:2.12px"> </div>a reasonable estimate of the maximum<div style="display:inline-block;width:2.09px"> </div>potential amount of </div><div id="a37084" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:824.1px;">future payments.<div style="display:inline-block;width:6.5px"> </div>For additional information about environmental<div style="display:inline-block;width:2.02px"> </div>liabilities, see Note 12—Contingencies and </div><div id="a37087" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:840.3px;">Commitments.</div></div> 0.375 P10Y 170000000 14000000 1 to 21 years 770000000 1400000000 16 to 25 years or the life of the venture 130000000 7000000 730000000 P6Y 11000000 50000000 <div id="TextBlockContainer630" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:886px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a37092" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 12—Contingencies and Commitments</div><div id="a37095" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:262.488px;top:0px;"> </div><div id="a37096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;"> </div><div id="a37097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">A number of lawsuits involving a variety of claims<div style="display:inline-block;width:1.98px"> </div>arising in the ordinary course of business<div style="display:inline-block;width:2.11px"> </div>have been filed </div><div id="a37100" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">against ConocoPhillips.<div style="display:inline-block;width:6.24px"> </div>We also may be required to remove or mitigate the effects on the environment of the </div><div id="a37101" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">placement, storage, disposal or release of certain<div style="display:inline-block;width:2.02px"> </div>chemical, mineral and petroleum substances at<div style="display:inline-block;width:2.13px"> </div>various active </div><div id="a37103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">and inactive sites.<div style="display:inline-block;width:6.55px"> </div>We regularly assess the need for accounting recognition or disclosure of these </div><div id="a37104" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">contingencies.<div style="display:inline-block;width:6.75px"> </div>In the case of all known contingencies (other<div style="display:inline-block;width:2.08px"> </div>than those related to income taxes), we accrue<div style="display:inline-block;width:2.02px"> </div>a </div><div id="a37105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">liability when the loss is probable and the amount<div style="display:inline-block;width:2.09px"> </div>is reasonably estimable.<div style="display:inline-block;width:6.23px"> </div>If a range of amounts can be </div><div id="a37107" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">reasonably estimated and no amount within the range<div style="display:inline-block;width:2.04px"> </div>is a better estimate than any other amount,<div style="display:inline-block;width:2.14px"> </div>then the low </div><div id="a37108" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">end of the range is accrued.<div style="display:inline-block;width:6.16px"> </div>We do not reduce these liabilities for potential insurance or third-party recoveries.<div style="display:inline-block;width:2.31px"> </div></div><div id="a37112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">We accrue receivables for insurance or other third-party recoveries when applicable.<div style="display:inline-block;width:5.59px"> </div>With respect to income </div><div id="a37115" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">tax-related contingencies, we use a cumulative probability-weighted<div style="display:inline-block;width:1.64px"> </div>loss accrual in cases where sustaining a </div><div id="a37121" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">tax position is less than certain.<div style="display:inline-block;width:6.17px"> </div>See Note 18—Income Taxes, for additional information about income tax-</div><div id="a37127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">related contingencies. </div><div id="a37129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;"> </div><div id="a37130" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">Based on currently available information, we believe<div style="display:inline-block;width:2.01px"> </div>it is remote that future costs related to known<div style="display:inline-block;width:2.12px"> </div>contingent </div><div id="a37132" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">liability exposures will exceed current accruals by<div style="display:inline-block;width:2.05px"> </div>an amount that would have a material<div style="display:inline-block;width:2.17px"> </div>adverse impact on our </div><div id="a37133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">consolidated financial statements.<div style="display:inline-block;width:6.07px"> </div>As we learn new facts concerning contingencies,<div style="display:inline-block;width:1.96px"> </div>we reassess our position </div><div id="a37134" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">both with respect to accrued liabilities<div style="display:inline-block;width:2.14px"> </div>and other potential exposures.<div style="display:inline-block;width:6.29px"> </div>Estimates particularly sensitive to future </div><div id="a37136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">changes include contingent liabilities<div style="display:inline-block;width:2.17px"> </div>recorded for environmental remediation, tax and legal<div style="display:inline-block;width:2px"> </div>matters.<div style="display:inline-block;width:3.2px"> </div></div><div id="a37137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;">Estimated future environmental remediation<div style="display:inline-block;width:2.15px"> </div>costs are subject to change due to such factors as<div style="display:inline-block;width:2.17px"> </div>the uncertain </div><div id="a37139" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">magnitude of cleanup costs, the unknown time<div style="display:inline-block;width:2.1px"> </div>and extent of such remedial actions that<div style="display:inline-block;width:2.12px"> </div>may be required, and </div><div id="a37140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">the determination of our liability in proportion<div style="display:inline-block;width:1.99px"> </div>to that of other responsible parties.<div style="display:inline-block;width:5.94px"> </div>Estimated future costs </div><div id="a37142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">related to tax and legal matters are subject to<div style="display:inline-block;width:2.15px"> </div>change as events evolve and as additional<div style="display:inline-block;width:2.06px"> </div>information becomes </div><div id="a37143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">available during the administrative and litigation<div style="display:inline-block;width:1.91px"> </div>processes. </div><div id="a37145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;"> </div><div id="a37146" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:418.6px;">Environmental </div><div id="a37148" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">We are subject to international, federal, state and local environmental laws and regulations.<div style="display:inline-block;width:5.52px"> </div>When we prepare </div><div id="a37151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">our consolidated financial statements, we record<div style="display:inline-block;width:2.13px"> </div>accruals for environmental liabilities based on management’s </div><div id="a37152" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.8px;">best estimates, using all information that is<div style="display:inline-block;width:2.08px"> </div>available at the time.<div style="display:inline-block;width:6.4px"> </div>We measure estimates and base liabilities on </div><div id="a37154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483px;">currently available facts, existing technology, and presently enacted laws<div style="display:inline-block;width:2.1px"> </div>and regulations, taking into account </div><div id="a37155" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;">stakeholder and business considerations.<div style="display:inline-block;width:5.72px"> </div>When measuring environmental liabilities,<div style="display:inline-block;width:2.01px"> </div>we also consider our prior </div><div id="a37156" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.1px;">experience in remediation of contaminated sites,<div style="display:inline-block;width:1.99px"> </div>other companies’ cleanup experience, and data released<div style="display:inline-block;width:1.93px"> </div>by </div><div id="a37158" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">the U.S. EPA or other organizations.<div style="display:inline-block;width:7.39px"> </div>We consider unasserted claims in our determination of environmental </div><div id="a37161" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">liabilities, and we accrue them in the period they<div style="display:inline-block;width:2.09px"> </div>are both probable and reasonably estimable. </div><div id="a37164" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;"> </div><div id="a37165" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;">Although liability of those potentially responsible<div style="display:inline-block;width:2.01px"> </div>for environmental remediation costs is generally<div style="display:inline-block;width:2.04px"> </div>joint and </div><div id="a37166" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">several for federal sites and frequently so for other<div style="display:inline-block;width:2.11px"> </div>sites, we are usually only one of many companies<div style="display:inline-block;width:1.87px"> </div>cited at a </div><div id="a37168" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.8px;">particular site.<div style="display:inline-block;width:6.51px"> </div>Due to the joint and several liabilities, we could<div style="display:inline-block;width:2.12px"> </div>be responsible for all cleanup costs related<div style="display:inline-block;width:2.17px"> </div>to </div><div id="a37169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.9px;">any site at which we have been designated as a<div style="display:inline-block;width:2.18px"> </div>potentially responsible party.<div style="display:inline-block;width:7px"> </div>We have been successful to date </div><div id="a37170" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:643.9px;">in sharing cleanup costs with other financially<div style="display:inline-block;width:2.13px"> </div>sound companies.<div style="display:inline-block;width:6.47px"> </div>Many of the sites at which we are potentially </div><div id="a37172" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:660.1px;">responsible are still under investigation by the<div style="display:inline-block;width:2.12px"> </div>EPA or the agency concerned.<div style="display:inline-block;width:7.41px"> </div>Prior to actual cleanup, those </div><div id="a37173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:676.3px;">potentially responsible normally assess the<div style="display:inline-block;width:2.16px"> </div>site conditions, apportion responsibility and determine<div style="display:inline-block;width:1.94px"> </div>the </div><div id="a37175" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:692.3px;">appropriate remediation.<div style="display:inline-block;width:6.41px"> </div>In some instances, we may have no liability<div style="display:inline-block;width:1.98px"> </div>or may attain a settlement of liability.<div style="display:inline-block;width:3.14px"> </div></div><div id="a37176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:708.5px;">Where it appears that other potentially responsible<div style="display:inline-block;width:1.91px"> </div>parties may be financially unable to bear their<div style="display:inline-block;width:2.16px"> </div>proportional </div><div id="a37178" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:724.5px;">share, we consider this inability in estimating<div style="display:inline-block;width:1.94px"> </div>our potential liability, and we adjust our accruals accordingly.<div style="display:inline-block;width:3.63px"> </div></div><div id="a37179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:740.6px;">As a result of various acquisitions in the past,<div style="display:inline-block;width:2.11px"> </div>we assumed certain environmental obligations.<div style="display:inline-block;width:5.53px"> </div>Some of these </div><div id="a37180" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:756.8px;">environmental obligations are mitigated by indemnifications<div style="display:inline-block;width:1.66px"> </div>made by others for our benefit, and some of the </div><div id="a37183" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:772.8px;">indemnifications are subject to dollar limits<div style="display:inline-block;width:1.87px"> </div>and time limits. </div><div id="a37185" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:788.9px;"> </div><div id="a37186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:804.9px;">We are currently participating in environmental assessments and cleanups at numerous<div style="display:inline-block;width:1.9px"> </div>federal Superfund and </div><div id="a37188" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:821.1px;">comparable state and international sites.<div style="display:inline-block;width:5.61px"> </div>After an assessment of environmental exposures<div style="display:inline-block;width:2.04px"> </div>for cleanup and </div><div id="a37189" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:837.3px;">other costs, we make accruals on an undiscounted<div style="display:inline-block;width:1.99px"> </div>basis (except those acquired in a purchase<div style="display:inline-block;width:2.1px"> </div>business </div><div id="a37190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:853.3px;">combination, which we record on a discounted<div style="display:inline-block;width:2.14px"> </div>basis) for planned investigation and remediation<div style="display:inline-block;width:2.01px"> </div>activities for </div><div id="a37191" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:869.4px;">sites where it is probable future costs will be incurred<div style="display:inline-block;width:1.9px"> </div>and these costs can be reasonably estimated.<div style="display:inline-block;width:5.53px"> </div>We have </div></div><div id="TextBlockContainer632" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:886px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a37195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">not reduced these accruals for possible insurance recoveries.<div style="display:inline-block;width:5.35px"> </div>In the future, we may be involved in additional </div><div id="a37197" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">environmental assessments, cleanups and proceedings.<div style="display:inline-block;width:5.33px"> </div>See Note 9—Asset Retirement Obligations and </div><div id="a37200" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Accrued Environmental Costs, for a summary of our<div style="display:inline-block;width:2.01px"> </div>accrued environmental liabilities. </div><div id="a37203" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;"> </div><div id="a37204" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:64.3px;">Litigation and Other Contingencies </div><div id="a37206" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">We are subject to various lawsuits and claims including but not limited to matters<div style="display:inline-block;width:1.99px"> </div>involving oil and gas royalty </div><div id="a37207" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">and severance tax payments, gas measurement and<div style="display:inline-block;width:2.05px"> </div>valuation methods, contract disputes,<div style="display:inline-block;width:2.22px"> </div>environmental </div><div id="a37209" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">damages, climate change, personal injury, and property damage.<div style="display:inline-block;width:5.85px"> </div>Our primary exposures for such matters </div><div id="a37210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">relate to alleged royalty and tax underpayments<div style="display:inline-block;width:2.18px"> </div>on certain federal, state and privately owned<div style="display:inline-block;width:2.03px"> </div>properties and </div><div id="a37211" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">claims of alleged environmental contamination<div style="display:inline-block;width:2.15px"> </div>from historic operations.<div style="display:inline-block;width:6.31px"> </div>We will continue to defend ourselves </div><div id="a37213" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">vigorously in these matters. </div><div id="a37215" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:177px;"> </div><div id="a37216" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">Our legal organization applies its knowledge, experience<div style="display:inline-block;width:1.97px"> </div>and professional judgment to the specific </div><div id="a37217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">characteristics of our cases, employing a litigation<div style="display:inline-block;width:2px"> </div>management process to manage and monitor the<div style="display:inline-block;width:2.11px"> </div>legal </div><div id="a37219" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">proceedings against us.<div style="display:inline-block;width:6.29px"> </div>Our process facilitates the early evaluation and<div style="display:inline-block;width:2.12px"> </div>quantification of potential exposures in </div><div id="a37220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">individual cases.<div style="display:inline-block;width:6.48px"> </div>This process also enables us to track those cases that<div style="display:inline-block;width:2.09px"> </div>have been scheduled for trial and/or </div><div id="a37222" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">mediation.<div style="display:inline-block;width:6.73px"> </div>Based on professional judgment and experience<div style="display:inline-block;width:1.97px"> </div>in using these litigation management tools and </div><div id="a37223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">available information about current developments<div style="display:inline-block;width:2px"> </div>in all our cases, our legal organization regularly assesses<div style="display:inline-block;width:2.08px"> </div>the </div><div id="a37224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">adequacy of current accruals and determines if<div style="display:inline-block;width:2.1px"> </div>adjustment of existing accruals, or establishment<div style="display:inline-block;width:1.83px"> </div>of new </div><div id="a37227" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">accruals, is required. </div><div id="a37229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;"> </div><div id="a37230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">We have contingent liabilities resulting from throughput agreements with pipeline and<div style="display:inline-block;width:1.92px"> </div>processing companies </div><div id="a37231" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">not associated with financing arrangements.<div style="display:inline-block;width:5.66px"> </div>Under these agreements, we may be required<div style="display:inline-block;width:2.12px"> </div>to provide any such </div><div id="a37233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">company with additional funds through advances<div style="display:inline-block;width:2.13px"> </div>and penalties for fees related to throughput capacity<div style="display:inline-block;width:1.88px"> </div>not </div><div id="a37234" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">utilized.<div style="display:inline-block;width:6.73px"> </div>In addition, at December 31, 2020,<div style="display:inline-block;width:2.44px"> </div>we had performance obligations secured by<div style="display:inline-block;width:2.09px"> </div>letters of credit of </div><div id="a37238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;">$</div><div id="a37238_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:402.5px;">249</div><div id="a37238_4_106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:32.853px;top:402.5px;"><div style="display:inline-block;width:3.52px"> </div>million (issued as direct bank letters of<div style="display:inline-block;width:2.15px"> </div>credit) related to various purchase commitments<div style="display:inline-block;width:1.87px"> </div>for materials, </div><div id="a37241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">supplies, commercial activities and services incident<div style="display:inline-block;width:1.86px"> </div>to the ordinary conduct of business. </div><div id="a37243" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;"> </div><div id="a37244" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">In 2007, ConocoPhillips was unable to reach<div style="display:inline-block;width:2.17px"> </div>agreement with respect to the empresa<div style="display:inline-block;width:2.08px"> </div>mixta structure mandated </div><div id="a37277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.8px;">by the Venezuelan government’s Nationalization Decree.<div style="display:inline-block;width:7.61px"> </div>As a result, Venezuela’s<div style="display:inline-block;width:5.21px"> </div>national oil company, </div><div id="a37303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483px;">Petróleos de Venezuela, S.A. (PDVSA), or its affiliates, directly assumed control over ConocoPhillips’ </div><div id="a37329" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;">interests in the Petrozuata and Hamaca heavy oil<div style="display:inline-block;width:2.13px"> </div>ventures and the offshore Corocoro development project.<div style="display:inline-block;width:5.58px"> </div>In </div><div id="a37361" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.1px;">response to this expropriation, ConocoPhillips<div style="display:inline-block;width:2.06px"> </div>initiated international arbitration on November 2,<div style="display:inline-block;width:2.14px"> </div>2007, with the </div><div id="a37390" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">ICSID.<div style="display:inline-block;width:6.75px"> </div>On September 3, 2013, an ICSID arbitration tribunal<div style="display:inline-block;width:1.99px"> </div>held that Venezuela unlawfully expropriated </div><div id="a37418" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">ConocoPhillips’ significant oil investments<div style="display:inline-block;width:2.14px"> </div>in June 2007.<div style="display:inline-block;width:6.6px"> </div>On January 17, 2017, the Tribunal reconfirmed the </div><div id="a37448" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;">decision that the expropriation was unlawful.<div style="display:inline-block;width:5.72px"> </div>In March 2019, the Tribunal unanimously ordered the </div><div id="a37477" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;">government of Venezuela to pay ConocoPhillips approximately $</div><div id="a37477_61_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:372.275px;top:579.6px;">8.7</div><div id="a37477_64_33" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.875px;top:579.6px;"><div style="display:inline-block;width:3.52px"> </div>billion in compensation for the </div><div id="a37504" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">government’s unlawful expropriation of the company’s investments in Venezuela in 2007.<div style="display:inline-block;width:7.49px"> </div>ConocoPhillips has </div><div id="a37531" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.8px;">filed a request for recognition of the award in several<div style="display:inline-block;width:1.92px"> </div>jurisdictions.<div style="display:inline-block;width:6.57px"> </div>On August 29, 2019, the ICSID Tribunal </div><div id="a37567" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.9px;">issued a decision rectifying the award and reducing<div style="display:inline-block;width:1.99px"> </div>it by approximately $</div><div id="a37567_73_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:415.795px;top:627.9px;">227</div><div id="a37567_76_32" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:436.755px;top:627.9px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>The award now stands </div><div id="a37601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:643.9px;">at $</div><div id="a37601_4_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:25.333px;top:643.9px;">8.5</div><div id="a37601_7_101" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:42.928px;top:643.9px;"><div style="display:inline-block;width:3.52px"> </div>billion plus interest.<div style="display:inline-block;width:6.16px"> </div>The government of Venezuela sought annulment of the award before ICSID, and </div><div id="a37635" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:660.1px;">annulment proceedings are underway.<div style="display:inline-block;width:5.79px"> </div></div><div id="a37645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:676.3px;"> </div><div id="a37646" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:692.3px;">In 2014, ConocoPhillips filed a separate and independent<div style="display:inline-block;width:1.84px"> </div>arbitration under the rules of the ICC against </div><div id="a37678" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:708.5px;">PDVSA under the contracts that had established the<div style="display:inline-block;width:2.02px"> </div>Petrozuata and Hamaca projects.<div style="display:inline-block;width:5.91px"> </div>The ICC Tribunal issued </div><div id="a37710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:724.5px;">an award in April 2018, finding that PDVSA owed<div style="display:inline-block;width:2.03px"> </div>ConocoPhillips approximately $</div><div id="a37710_78_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:474.675px;top:724.5px;">2</div><div id="a37710_79_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:724.5px;"><div style="display:inline-block;width:3.52px"> </div>billion </div><div id="a37710_88_12" style="position:absolute;font-family:'Times New Roman';left:525.115px;top:724.5px;">under their </div><div id="a37742" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:740.6px;">agreements in connection with the expropriation of the projects and other pre-expropriation fiscal measures. In </div><div id="a37774" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:756.8px;">August 2018, ConocoPhillips entered into a settlement with PDVSA to recover the full amount of this ICC </div><div id="a37809" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:772.8px;">award, plus interest through the payment period, including initial payments totaling approximately $500 </div><div id="a37836" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:788.9px;">million within a period of 90 days from the time of signing of the settlement agreement. The balance of the </div><div id="a37876" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:804.9px;">settlement is to be paid quarterly over a period of four and a half years.</div><div id="a37876_74_39" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:402.675px;top:804.9px;"><div style="display:inline-block;width:6.88px"> </div>To date, ConocoPhillips has received </div><div id="a37911" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:821.1px;">approximately $</div><div id="a37911_15_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.208px;top:821.1px;">754</div><div id="a37911_18_87" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:117.168px;top:821.1px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.72px"> </div>Per the settlement, PDVSA recognized the<div style="display:inline-block;width:2.18px"> </div>ICC award as a judgment in various </div><div id="a37943" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:837.3px;">jurisdictions, and ConocoPhillips agreed to suspend<div style="display:inline-block;width:2.05px"> </div>its legal enforcement actions.<div style="display:inline-block;width:6.08px"> </div>ConocoPhillips sent notices </div><div id="a37970" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:853.3px;">of default to PDVSA on October 14 and November<div style="display:inline-block;width:2.03px"> </div>12, 2019, and to date PDVSA has failed<div style="display:inline-block;width:2.11px"> </div>to cure its breach.<div style="display:inline-block;width:3.12px"> </div></div><div id="a38012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:869.4px;">As a result, ConocoPhillips has resumed legal enforcement<div style="display:inline-block;width:1.59px"> </div>actions.<div style="display:inline-block;width:6.86px"> </div>ConocoPhillips has ensured that the </div></div><div id="TextBlockContainer634" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:838px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">settlement and any actions taken in enforcement<div style="display:inline-block;width:2.15px"> </div>thereof meet all appropriate U.S. regulatory<div style="display:inline-block;width:2.15px"> </div>requirements, </div><div id="a38072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">including those related to any applicable sanctions<div style="display:inline-block;width:2.09px"> </div>imposed by the U.S. against Venezuela. </div><div id="a38099" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;"> </div><div id="a38100" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">In 2016, ConocoPhillips filed a separate and independent<div style="display:inline-block;width:1.84px"> </div>arbitration under the rules of the ICC against </div><div id="a38133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">PDVSA under the contracts that had established the<div style="display:inline-block;width:2.02px"> </div>Corocoro Project.<div style="display:inline-block;width:6.49px"> </div>On August 2, 2019, the ICC Tribunal </div><div id="a38167" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">awarded ConocoPhillips approximately $</div><div id="a38167_38_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:236.888px;top:80.5px;">33</div><div id="a38167_40_54" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.968px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>million plus interest under the Corocoro contracts.<div style="display:inline-block;width:1.86px"> </div></div><div id="a38190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">ConocoPhillips is seeking recognition and enforcement<div style="display:inline-block;width:1.98px"> </div>of the award in various jurisdictions.<div style="display:inline-block;width:5.92px"> </div>ConocoPhillips </div><div id="a38216" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">has ensured that all the actions related to the award<div style="display:inline-block;width:2.12px"> </div>meet all appropriate U.S. regulatory requirements, </div><div id="a38248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">including those related to any applicable sanctions<div style="display:inline-block;width:2.09px"> </div>imposed by the U.S. against Venezuela. </div><div id="a38275" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;"> </div><div id="a38276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">The Office of Natural Resources Revenue (ONRR) has<div style="display:inline-block;width:2.07px"> </div>conducted audits of ConocoPhillips’<div style="display:inline-block;width:2.05px"> </div>payment of </div><div id="a38277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">royalties on federal lands and has issued multiple<div style="display:inline-block;width:2.13px"> </div>orders to pay additional royalties to the federal<div style="display:inline-block;width:1.99px"> </div>government.<div style="display:inline-block;width:3.25px"> </div></div><div id="a38279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">ConocoPhillips has appealed these orders and<div style="display:inline-block;width:2.16px"> </div>strongly objects to the ONRR claims.<div style="display:inline-block;width:5.78px"> </div>The appeals are pending </div><div id="a38280" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">with the Interior Board of Land Appeals (IBLA),<div style="display:inline-block;width:2.07px"> </div>except for one order that is the subject<div style="display:inline-block;width:2.18px"> </div>of a lawsuit </div><div id="a38284" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">ConocoPhillips filed in 2016 in New Mexico<div style="display:inline-block;width:2.3px"> </div>federal court after its appeal was denied<div style="display:inline-block;width:2.01px"> </div>by the IBLA. </div><div id="a38288" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;"> </div><div id="a38289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">Beginning in 2017, governmental and other entities<div style="display:inline-block;width:1.77px"> </div>in several states in the U.S. have filed lawsuits<div style="display:inline-block;width:2.17px"> </div>against oil </div><div id="a38290" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">and gas companies, including ConocoPhillips,<div style="display:inline-block;width:2.11px"> </div>seeking compensatory damages and equitable<div style="display:inline-block;width:2.16px"> </div>relief to abate </div><div id="a38292" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">alleged climate change impacts.<div style="display:inline-block;width:6.09px"> </div>Additional lawsuits with similar allegations<div style="display:inline-block;width:1.93px"> </div>are expected to be filed.<div style="display:inline-block;width:6.42px"> </div>The </div><div id="a38293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">amounts claimed by plaintiffs are unspecified and the legal<div style="display:inline-block;width:2px"> </div>and factual issues involved in these cases are </div><div id="a38294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;">unprecedented.<div style="display:inline-block;width:6.55px"> </div>ConocoPhillips believes these lawsuits<div style="display:inline-block;width:2.18px"> </div>are factually and legally meritless and are an </div><div id="a38296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">inappropriate vehicle to address the challenges<div style="display:inline-block;width:2.17px"> </div>associated with climate change and will<div style="display:inline-block;width:1.89px"> </div>vigorously defend </div><div id="a38297" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">against such lawsuits. </div><div id="a38299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;"> </div><div id="a38300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">Several Louisiana parishes and the State of Louisiana<div style="display:inline-block;width:1.94px"> </div>have filed 43 lawsuits under Louisiana’s State and Local </div><div id="a38302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;">Coastal Resources Management Act (SLCRMA)<div style="display:inline-block;width:2.15px"> </div>against oil and gas companies, including ConocoPhillips, </div><div id="a38303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">seeking compensatory damages for contamination<div style="display:inline-block;width:2.03px"> </div>and erosion of the Louisiana coastline<div style="display:inline-block;width:2.13px"> </div>allegedly caused by </div><div id="a38305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">historical oil and gas operations.<div style="display:inline-block;width:6.03px"> </div>ConocoPhillips entities are defendants<div style="display:inline-block;width:2.16px"> </div>in 22 of the lawsuits and will </div><div id="a38306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">vigorously defend against them.<div style="display:inline-block;width:6.07px"> </div>Because Plaintiffs’ SLCRMA theories are unprecedented,<div style="display:inline-block;width:1.85px"> </div>there is uncertainty </div><div id="a38307" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.8px;">about these claims (both as to scope and damages)<div style="display:inline-block;width:2.06px"> </div>and any potential financial impact on the company. </div><div id="a38310" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483px;"> </div><div id="a38311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;">In 2016, ConocoPhillips, through its subsidiary, The Louisiana Land and<div style="display:inline-block;width:2.13px"> </div>Exploration Company LLC, </div><div id="a38312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.1px;">submitted claims as the largest private wetlands owner in<div style="display:inline-block;width:2.06px"> </div>Louisiana within the settlement claims </div><div id="a38313" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">administration process related to the oil spill<div style="display:inline-block;width:2.06px"> </div>in the Gulf of Mexico in April 2010.<div style="display:inline-block;width:6.02px"> </div>In July 2020, the claims </div><div id="a38316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">administrator issued an award to the company<div style="display:inline-block;width:2.12px"> </div>which, after fees and expenses, totaled approximately<div style="display:inline-block;width:1.86px"> </div>$</div><div id="a38316_100_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:576.374px;top:547.5px;">90</div><div id="a38316_102_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:590.454px;top:547.5px;"> </div><div id="a38317" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;">million, and was received in the third quarter<div style="display:inline-block;width:2.16px"> </div>of 2020. </div><div id="a38322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;"> </div><div id="a38323" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">In October 2020, the Bureau of Safety and Environmental<div style="display:inline-block;width:1.71px"> </div>Enforcement (BSEE) ordered the prior owners<div style="display:inline-block;width:2.14px"> </div>of </div><div id="a38325" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.8px;">Outer Continental Shelf (OCS) Lease P-0166, including<div style="display:inline-block;width:1.9px"> </div>ConocoPhillips, to decommission the lease facilities, </div><div id="a38328" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.9px;">including two offshore platforms located near Carpinteria,<div style="display:inline-block;width:1.98px"> </div>California.<div style="display:inline-block;width:6.76px"> </div>This order was sent after the current </div><div id="a38330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:643.9px;">owner of OCS Lease P-0166 relinquished the<div style="display:inline-block;width:2.18px"> </div>lease and abandoned the lease platforms<div style="display:inline-block;width:2.12px"> </div>and facilities.<div style="display:inline-block;width:6.56px"> </div>Phillips </div><div id="a38333" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:660.1px;">Petroleum Company, a legacy company of ConocoPhillips, held a 25 percent interest<div style="display:inline-block;width:1.92px"> </div>in this lease and operated </div><div id="a38334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:676.3px;">these facilities, but sold its interest approximately<div style="display:inline-block;width:2.02px"> </div>30 years ago.<div style="display:inline-block;width:6.6px"> </div>ConocoPhillips has not had any connection to </div><div id="a38336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:692.3px;">the operation or production on this lease since that<div style="display:inline-block;width:2.05px"> </div>time.<div style="display:inline-block;width:6.82px"> </div>ConocoPhillips is challenging this order. </div><div id="a38339" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:708.5px;"> </div><div id="a38340" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:724.5px;">Long-Term Throughput Agreements and Take<div style="display:inline-block;width:1.63px"> </div>-or-Pay Agreements </div><div id="a38348" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:740.6px;">We have certain throughput agreements and take-or-pay agreements in support of financing arrangements.<div style="display:inline-block;width:1.79px"> </div></div><div id="a38353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:756.8px;">The agreements typically provide for natural gas<div style="display:inline-block;width:2.17px"> </div>or crude oil transportation to be used in<div style="display:inline-block;width:2.14px"> </div>the ordinary course of </div><div id="a38354" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:772.8px;">the company’s business.<div style="display:inline-block;width:7.04px"> </div>The aggregate amounts of estimated payments<div style="display:inline-block;width:2.15px"> </div>under these various agreements are: </div><div id="a38357" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:788.9px;">2021—$</div><div id="a38357_6_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:53.808px;top:788.9px;">7</div><div id="a38357_7_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:60.848px;top:788.9px;"><div style="display:inline-block;width:3.52px"> </div>million; 2022—$</div><div id="a38357_23_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:161.168px;top:788.9px;">7</div><div id="a38357_24_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:168.048px;top:788.9px;"><div style="display:inline-block;width:3.52px"> </div>million; 2023—$</div><div id="a38357_40_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:268.568px;top:788.9px;">7</div><div id="a38357_41_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:275.608px;top:788.9px;"><div style="display:inline-block;width:3.52px"> </div>million; 2024—$</div><div id="a38357_57_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:375.955px;top:788.9px;">7</div><div id="a38357_58_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:382.995px;top:788.9px;"><div style="display:inline-block;width:3.52px"> </div>million; 2025—$</div><div id="a38357_74_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:788.9px;">7</div><div id="a38357_75_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.195px;top:788.9px;"><div style="display:inline-block;width:3.52px"> </div>million; and 2026 and </div><div id="a38377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:804.9px;">after—$</div><div id="a38377_7_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:51.408px;top:804.9px;">51</div><div id="a38377_9_53" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:65.488px;top:804.9px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>Total payments under the agreements were $</div><div id="a38377_62_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:371.088px;top:804.9px;">25</div><div id="a38377_64_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:385.235px;top:804.9px;"><div style="display:inline-block;width:3.52px"> </div>million in 2020, $</div><div id="a38377_83_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.915px;top:804.9px;">25</div><div id="a38377_85_21" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.995px;top:804.9px;"><div style="display:inline-block;width:3.52px"> </div>million in 2019 and </div><div id="a38392" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:821.1px;">$</div><div id="a38392_1_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:821.1px;">39</div><div id="a38392_3_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:25.813px;top:821.1px;"><div style="display:inline-block;width:3.52px"> </div>million in 2018.</div></div> 249000000 8700000000 227000000 8500000000 2000000000 under their agreements in connection with the expropriation of the projects and other pre-expropriation fiscal measures. In August 2018, ConocoPhillips entered into a settlement with PDVSA to recover the full amount of this ICC award, plus interest through the payment period, including initial payments totaling approximately $500 million within a period of 90 days from the time of signing of the settlement agreement. The balance of the settlement is to be paid quarterly over a period of four and a half years. 754000000 33000000 90000000 90000000 7000000 7000000 7000000 7000000 7000000 51000000 25000000 25000000 39000000 <div id="TextBlockContainer636" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:242px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38399" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 13—Derivative and Financial Instruments </div><div id="a38403" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;"> </div><div id="a38404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">We use futures, forwards, swaps and options in various markets to meet our customer<div style="display:inline-block;width:2.04px"> </div>needs, capture market </div><div id="a38405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">opportunities, and manage foreign exchange currency<div style="display:inline-block;width:2.04px"> </div>risk.<div style="display:inline-block;width:6.79px"> </div></div><div id="a38409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;"> </div><div id="a38410" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:80.5px;">Commodity Derivative Instruments </div><div id="a38412" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">Our commodity business primarily consists<div style="display:inline-block;width:2.06px"> </div>of natural gas, crude oil, bitumen, LNG and NGLs. </div><div id="a38414" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:112.7px;"> </div><div id="a38415" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Commodity derivative instruments are held at<div style="display:inline-block;width:2.17px"> </div>fair value on our consolidated balance sheet.<div style="display:inline-block;width:5.62px"> </div>Where these </div><div id="a38418" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">balances have the right of setoff, they are presented on<div style="display:inline-block;width:2.09px"> </div>a net basis.<div style="display:inline-block;width:6.63px"> </div>Related cash flows are recorded as </div><div id="a38419" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">operating activities on our consolidated statement<div style="display:inline-block;width:2.04px"> </div>of cash flows.<div style="display:inline-block;width:6.53px"> </div>On our consolidated income statement, </div><div id="a38420" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">realized and unrealized gains and losses are recognized<div style="display:inline-block;width:1.86px"> </div>either on a gross basis if directly related to<div style="display:inline-block;width:2.16px"> </div>our physical </div><div id="a38422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">business or a net basis if held for trading.<div style="display:inline-block;width:5.72px"> </div>Gains and losses related to contracts that meet<div style="display:inline-block;width:2.07px"> </div>and are designated </div><div id="a38423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">with the NPNS exception are recognized upon<div style="display:inline-block;width:2.17px"> </div>settlement.<div style="display:inline-block;width:6.65px"> </div>We generally apply this exception to eligible crude </div><div id="a38425" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">contracts.<div style="display:inline-block;width:6.78px"> </div>We do not apply hedge accounting for our commodity derivatives.</div></div><div id="TextBlockContainer639" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:177px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38428" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table presents the gross fair values<div style="display:inline-block;width:2.14px"> </div>of our commodity derivatives, excluding<div style="display:inline-block;width:2.15px"> </div>collateral, and the </div><div id="a38429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">line items where they appear on our consolidated<div style="display:inline-block;width:2.13px"> </div>balance sheet: </div><div id="a38439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:474.035px;top:46.2px;">Millions of Dollars </div><div id="a38442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:63px;">2020 </div><div id="a38445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:63px;">2019 </div><div id="a38447" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:79.8px;">Assets </div><div id="a38453" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.8px;">Prepaid expenses and other current assets </div><div id="a38455" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.715px;top:95.8px;">$ </div><div id="a38457" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.835px;top:95.8px;">229</div><div id="a38460" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:95.8px;">288</div><div id="a38462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112px;">Other assets </div><div id="a38465" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.715px;top:112px;">26</div><div id="a38468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:112px;">34</div><div id="a38470" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:128.2px;">Liabilities </div><div id="a38476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.2px;">Other accruals </div><div id="a38479" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.835px;top:144.2px;">202</div><div id="a38482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:144.2px;">283</div><div id="a38484" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.3px;">Other liabilities and deferred credits </div><div id="a38488" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.715px;top:160.3px;">18</div><div id="a38491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:160.3px;">28</div></div><div id="TextBlockContainer643" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38495" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The gains (losses) from commodity derivatives<div style="display:inline-block;width:2.01px"> </div>incurred, and the line items where they appear<div style="display:inline-block;width:2.03px"> </div>on our </div><div id="a38496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">consolidated income statement were: </div><div id="a38506" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:461.555px;top:47px;">Millions of Dollars </div><div id="a38509" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:448.755px;top:63.7px;">2020 </div><div id="a38512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.755px;top:63.7px;">2019 </div><div id="a38515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.715px;top:63.7px;">2018 </div><div id="a38524" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">Sales and other operating revenues </div><div id="a38527" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:399.795px;top:96.6px;">$ </div><div id="a38529" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.675px;top:96.6px;">19</div><div id="a38532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:528.795px;top:96.6px;">141</div><div id="a38535" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:612.635px;top:96.6px;">45</div><div id="a38537" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">Other income (loss) </div><div id="a38540" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:465.715px;top:112.6px;">4</div><div id="a38543" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.715px;top:112.6px;">4</div><div id="a38546" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:619.675px;top:112.6px;">7</div><div id="a38548" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Purchased commodities </div><div id="a38551" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.675px;top:128.8px;">11</div><div id="a38554" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:128.8px;display:flex;">(118)</div><div id="a38557" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.355px;top:128.8px;display:flex;">(41)</div></div><div id="TextBlockContainer648" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_646_XBRL_CS_361693820abf44eb80e83d421f94dd9b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer647" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38561" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The table below summarizes our material net exposures<div style="display:inline-block;width:2.05px"> </div>resulting from outstanding commodity<div style="display:inline-block;width:2.16px"> </div>derivative </div><div id="a38562" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">contracts: </div><div id="a38572" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.915px;top:47.1px;">Open Position </div><div id="a38575" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:496.275px;top:63.1px;">Long/(Short) </div><div id="a38579" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.755px;top:79.9px;">2020 </div><div id="a38582" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:79.9px;">2019 </div><div id="a38584" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:96.7px;">Commodity </div><div id="a38590" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.8px;">Natural gas and power (billions of cubic feet equivalent) </div><div id="a38597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:128.8px;">Fixed price </div><div id="a38600" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:509.395px;top:128.8px;-sec-ix-hidden:ID_1121;">(20)</div><div id="a38603" style="position:absolute;font-family:'Times New Roman';left:613.435px;top:128.8px;-sec-ix-hidden:ID_1123;">(5)</div><div id="a38606" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:145px;">Basis </div><div id="a38609" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:509.395px;top:145px;-sec-ix-hidden:ID_1122;">(10)</div><div id="a38612" style="position:absolute;font-family:'Times New Roman';left:606.395px;top:145px;-sec-ix-hidden:ID_1508;">(23)</div></div></div></div><div id="TextBlockContainer650" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:632px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38617" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Foreign Currency Exchange Derivatives </div><div id="a38619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">We have foreign currency exchange rate risk resulting from international operations.<div style="display:inline-block;width:5.36px"> </div>Our foreign currency </div><div id="a38620" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">exchange derivative activity primarily<div style="display:inline-block;width:2.2px"> </div>relates to managing our cash-related foreign currency<div style="display:inline-block;width:2.05px"> </div>exchange rate </div><div id="a38626" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">exposures, such as firm commitments for<div style="display:inline-block;width:2.13px"> </div>capital programs or local currency tax payments,<div style="display:inline-block;width:2.18px"> </div>dividends and cash </div><div id="a38633" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">returns from net investments in foreign affiliates, and investments<div style="display:inline-block;width:1.7px"> </div>in equity securities.</div></div><div id="TextBlockContainer653" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:634px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38650" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table presents the gross fair values<div style="display:inline-block;width:2.14px"> </div>of our foreign currency exchange derivatives,<div style="display:inline-block;width:1.95px"> </div>excluding </div><div id="a38652" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">collateral, and the line items where they appear<div style="display:inline-block;width:2.16px"> </div>on our consolidated balance sheet: </div><div id="a38662" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:476.435px;top:47px;">Millions of Dollars </div><div id="a38666" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.475px;top:63.7px;">2020 </div><div id="a38669" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:596.475px;top:63.7px;">2019 </div><div id="a38671" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:80.5px;">Assets </div><div id="a38677" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">Prepaid expenses and other current assets </div><div id="a38679" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:435.795px;top:96.7px;">$ </div><div id="a38681" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.475px;top:96.7px;">2</div><div id="a38684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:96.7px;">1</div><div id="a38686" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:112.7px;">Liabilities </div><div id="a38692" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Other accruals </div><div id="a38695" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.395px;top:128.8px;">16</div><div id="a38698" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:128.8px;">20</div><div id="a38700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">Other liabilities and deferred credits </div><div id="a38703" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.875px;top:145px;">-</div><div id="a38706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:145px;">8</div></div><div id="TextBlockContainer657" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The (gains) losses from foreign currency exchange<div style="display:inline-block;width:1.98px"> </div>derivatives incurred and the line item where they<div style="display:inline-block;width:1.97px"> </div>appear<div style="display:inline-block;width:3.22px"> </div></div><div id="a38712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">on our consolidated income statement were: </div><div id="a38722" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:45.9px;">Millions of Dollars </div><div id="a38726" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:62.7px;">2020 </div><div id="a38729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.795px;top:62.7px;">2019 </div><div id="a38732" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:62.7px;">2018 </div><div id="a38741" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.5px;">Foreign currency transaction (gains) losses<div style="display:inline-block;width:2.24px"> </div></div><div id="a38743" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:95.5px;">$ </div><div id="a38745" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.435px;top:95.5px;display:flex;">(40)</div><div id="a38748" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.715px;top:95.5px;">16</div><div id="a38751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:95.5px;">1</div></div><div id="TextBlockContainer661" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38754" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">We had the following net notional position of outstanding foreign currency exchange<div style="display:inline-block;width:2.01px"> </div>derivatives: </div><div id="a38762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:505.555px;top:30.9px;">In Millions </div><div id="a38764" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:484.435px;top:46.9px;">Notional Currency<div style="display:inline-block;width:3.02px"> </div></div><div id="a38767" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:517.915px;top:63.7px;">2020 </div><div id="a38770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:63.7px;">2019 </div><div id="a38772" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:80.5px;">Foreign Currency Exchange Derivatives </div><div id="a38779" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">Buy British pound, sell euro </div><div id="a38781" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.795px;top:96.6px;">GBP </div><div id="a38783" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:537.115px;top:96.6px;">-</div><div id="a38786" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:96.6px;">4</div><div id="a38788" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">Sell British pound, buy euro </div><div id="a38790" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.795px;top:112.6px;">GBP </div><div id="a38792" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.715px;top:112.6px;">5</div><div id="a38795" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:112.6px;">-</div><div id="a38797" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Sell Canadian dollar, buy U.S. dollar </div><div id="a38799" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.795px;top:128.8px;">CAD </div><div id="a38801" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:520.795px;top:128.8px;">370</div><div id="a38804" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:128.8px;">1,337</div></div><div id="TextBlockContainer664" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:625px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38814" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:0px;">At December 31, 2020, we had outstanding foreign currency exchange forward contracts to sell $0.45 billion </div><div id="a38846" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:16px;">CAD at $0.748 CAD against the U.S. dollar. At December 31, 2019, we had outstanding foreign currency </div><div id="a38880" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:32.2px;">exchange forward contracts to sell $1.35 billion CAD at $0.748 CAD against the U.S. dollar</div><div id="a38880_90_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:521.875px;top:32.2px;">.</div></div><div id="TextBlockContainer668" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:297px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38914" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Financial Instruments </div><div id="a38916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">We invest in financial instruments with maturities based on our cash forecasts for<div style="display:inline-block;width:2.09px"> </div>the various accounts and </div><div id="a38919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">currency pools we manage.<div style="display:inline-block;width:6.12px"> </div>The types of financial instruments in which we currently<div style="display:inline-block;width:1.81px"> </div>invest include: </div><div id="a38930" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;"> </div><div id="a38931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:65.3px;">●</div><div id="a38932" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:65.1px;"> </div><div id="a38933" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:65.3px;">Time deposits: Interest bearing deposits placed with financial<div style="display:inline-block;width:2.14px"> </div>institutions for a predetermined amount </div><div id="a38936" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:81.4px;">of time. </div><div id="a38939" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:98.6px;">●</div><div id="a38940" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:98.4px;"> </div><div id="a38941" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:98.6px;">Demand deposits:<div style="display:inline-block;width:6.4px"> </div>Interest bearing deposits placed with financial<div style="display:inline-block;width:2.07px"> </div>institutions.<div style="display:inline-block;width:6.53px"> </div>Deposited funds can be </div><div id="a38942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:114.7px;">withdrawn without notice. </div><div id="a38945" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:131.7px;">●</div><div id="a38946" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:131.5px;"> </div><div id="a38947" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:131.7px;">Commercial paper: Unsecured promissory notes issued<div style="display:inline-block;width:1.98px"> </div>by a corporation, commercial bank or </div><div id="a38949" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:147.9px;">government agency purchased at a discount to<div style="display:inline-block;width:2.17px"> </div>mature at par.<div style="display:inline-block;width:3.69px"> </div></div><div id="a38951" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:165px;">●</div><div id="a38952" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:164.9px;"> </div><div id="a38953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:165px;">U.S. government or government agency obligations:<div style="display:inline-block;width:1.96px"> </div>Securities issued by the U.S. government<div style="display:inline-block;width:2.19px"> </div>or U.S. </div><div id="a38957" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:181.2px;">government agencies. </div><div id="a38959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:198.1px;">●</div><div id="a38960" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:198px;"> </div><div id="a38961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:198.1px;">Foreign government obligations: Securities<div style="display:inline-block;width:2.14px"> </div>issued by foreign governments. </div><div id="a38964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:215.2px;">●</div><div id="a38965" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:215.1px;"> </div><div id="a38966" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:215.2px;">Corporate bonds:<div style="display:inline-block;width:6.47px"> </div>Unsecured debt securities issued by corporations. </div><div id="a38970" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:232.4px;">●</div><div id="a38971" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:232.2px;"> </div><div id="a38972" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:232.4px;">Asset-backed securities: Collateralized debt securities. </div><div id="a38979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:248.5px;"> </div><div id="div_666_XBRL_TS_fe9a141104a54ffda115bb3aa4fd5b87" style="position:absolute;left:0px;top:264.7px;float:left;"><div id="TextBlockContainer667" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:626px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38980" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following investments are carried on our<div style="display:inline-block;width:2.18px"> </div>consolidated balance sheet at cost, plus accrued<div style="display:inline-block;width:2.12px"> </div>interest and the </div><div id="a38982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">table reflects remaining maturities at December<div style="display:inline-block;width:2.13px"> </div>31, 2020 and 2019:</div></div></div></div><div id="TextBlockContainer671" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:651px;height:306px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:378.035px;top:0px;">Millions of Dollars </div><div id="a38993" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:382.035px;top:16.8px;">Carrying Amount </div><div id="a38996" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.008px;top:33.6px;">Cash and Cash </div><div id="a38997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:258.648px;top:49.6px;">Equivalents </div><div id="a39000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:404.115px;top:33.6px;">Short-Term </div><div id="a39003" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:402.995px;top:49.6px;">Investments </div><div id="a39006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:512.275px;top:33.6px;">Investments and Long-</div><div id="a39008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:526.075px;top:49.6px;">Term Receivables </div><div id="a39012" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:263.768px;top:66.4px;">2020 </div><div id="a39015" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:333.688px;top:66.4px;">2019 </div><div id="a39018" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:403.795px;top:66.4px;">2020 </div><div id="a39021" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.715px;top:66.4px;">2019 </div><div id="a39024" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:543.835px;top:66.4px;">2020 </div><div id="a39027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.755px;top:66.4px;">2019 </div><div id="a39042" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:99.2px;">Cash </div><div id="a39044" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:224.728px;top:99.2px;">$ </div><div id="a39046" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:266.808px;top:99.2px;">597</div><div id="a39049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.728px;top:99.2px;">759</div><div id="a39059" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:117.3px;">Demand Deposits </div><div id="a39063" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.248px;top:117.3px;">1,133</div><div id="a39066" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.168px;top:117.3px;">1,483</div><div id="a39076" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:133.3px;">Time Deposits </div><div id="a39092" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:149.5px;">1 to 90 days </div><div id="a39095" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.248px;top:149.5px;">1,225</div><div id="a39098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.168px;top:149.5px;">2,030</div><div id="a39101" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:396.275px;top:149.5px;">2,859</div><div id="a39104" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.195px;top:149.5px;">1,395</div><div id="a39110" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:165.6px;">91 to 180 days </div><div id="a39117" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:406.835px;top:165.6px;">448</div><div id="a39120" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:476.755px;top:165.6px;">465</div><div id="a39126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:181.6px;">Within one year </div><div id="a39134" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:181.6px;">13</div><div id="a39137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:493.075px;top:181.6px;">-</div><div id="a39143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:197.8px;">One year through five years </div><div id="a39154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:560.795px;top:197.8px;">1</div><div id="a39157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:633.115px;top:197.8px;">-</div><div id="a39159" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:215.7px;">Commercial Paper </div><div id="a39174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:233.8px;">1 to 90 days </div><div id="a39177" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:283.128px;top:233.8px;">-</div><div id="a39180" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.728px;top:233.8px;">413</div><div id="a39183" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:423.155px;top:233.8px;">-</div><div id="a39186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.195px;top:233.8px;">1,069</div><div id="a39192" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:251.7px;">U.S. Government Obligations </div><div id="a39206" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:269.8px;">1 to 90 days </div><div id="a39209" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:273.688px;top:269.8px;">23</div><div id="a39212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.728px;top:269.8px;">394</div><div id="a39215" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:423.155px;top:269.8px;">-</div><div id="a39218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:493.075px;top:269.8px;">-</div><div id="a39225" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:224.728px;top:289.5px;">$ </div><div id="a39227" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.248px;top:289.5px;">2,978</div><div id="a39230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.168px;top:289.5px;">5,079</div><div id="a39233" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:396.275px;top:289.5px;">3,320</div><div id="a39236" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.195px;top:289.5px;">2,929</div><div id="a39239" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:560.795px;top:289.5px;">1</div><div id="a39242" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:633.115px;top:289.5px;">-</div></div><div id="TextBlockContainer676" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:649px;height:345px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_674_XBRL_TS_0a2e9f17f2ac4e7583714cc568b3f79f" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer675" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:649px;height:345px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39249" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following investments in debt securities<div style="display:inline-block;width:2.13px"> </div>classified as available for sale are carried on our<div style="display:inline-block;width:2.15px"> </div>consolidated </div><div id="a39250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">balance sheet at fair value as of December 31,<div style="display:inline-block;width:2.11px"> </div>2020 and 2019: </div><div id="a39266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:376.115px;top:50.3px;">Millions of Dollars </div><div id="a39269" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:380.115px;top:67.1px;">Carrying Amount </div><div id="a39273" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.048px;top:83.9px;">Cash and Cash </div><div id="a39274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:261.688px;top:99.9px;">Equivalents </div><div id="a39277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:402.035px;top:83.9px;">Short-Term </div><div id="a39280" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:99.9px;">Investments </div><div id="a39283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:510.195px;top:83.9px;">Investments and Long-</div><div id="a39285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:99.9px;">Term Receivables </div><div id="a39288" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:261.848px;top:116.7px;">2020 </div><div id="a39291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:331.768px;top:116.7px;">2019 </div><div id="a39293" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.875px;top:116.7px;">2020 </div><div id="a39296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.795px;top:116.7px;">2019 </div><div id="a39298" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.915px;top:116.7px;">2020 </div><div id="a39301" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:116.7px;">2019 </div><div id="a39303" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:133.5px;">Major Security Type </div><div id="a39317" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:149.5px;">Corporate Bonds </div><div id="a39319" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:222.808px;top:149.5px;">$ </div><div id="a39321" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.048px;top:149.5px;">-</div><div id="a39324" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:348.755px;top:149.5px;">1</div><div id="a39327" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:404.755px;top:149.5px;">130</div><div id="a39330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:149.5px;">59</div><div id="a39333" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.795px;top:149.5px;">143</div><div id="a39336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.755px;top:149.5px;">99</div><div id="a39338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:165.6px;">Commercial Paper </div><div id="a39341" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:271.608px;top:165.6px;">13</div><div id="a39344" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:348.755px;top:165.6px;">8</div><div id="a39347" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:404.755px;top:165.6px;">155</div><div id="a39350" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:165.6px;">30</div><div id="a39356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:181.8px;">U.S. Government Obligations </div><div id="a39359" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.048px;top:181.8px;">-</div><div id="a39362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:351.155px;top:181.8px;">-</div><div id="a39365" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:418.675px;top:181.8px;">4</div><div id="a39368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:181.8px;">10</div><div id="a39371" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.675px;top:181.8px;">13</div><div id="a39374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.755px;top:181.8px;">15</div><div id="a39376" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:197.8px;">U.S. Government Agency<div style="display:inline-block;width:6.23px"> </div></div><div id="a39378" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:213.9px;"><div style="display:inline-block;width:10.56px"> </div>Obligations </div><div id="a39390" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.675px;top:213.9px;">17</div><div id="a39393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:631.195px;top:213.9px;">-</div><div id="a39395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:230.1px;">Foreign Government Obligations </div><div id="a39406" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:558.715px;top:230.1px;">2</div><div id="a39409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:631.195px;top:230.1px;">-</div><div id="a39411" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:248.1px;">Asset-backed Securities </div><div id="a39420" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:421.075px;top:248.1px;">-</div><div id="a39423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:491.155px;top:248.1px;">-</div><div id="a39426" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.675px;top:248.1px;">41</div><div id="a39429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.755px;top:248.1px;">19</div><div id="a39432" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:222.808px;top:268.7px;">$ </div><div id="a39434" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:271.608px;top:268.7px;">13</div><div id="a39437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:348.755px;top:268.7px;">9</div><div id="a39440" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:404.755px;top:268.7px;">289</div><div id="a39443" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:268.7px;">99</div><div id="a39446" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.795px;top:268.7px;">216</div><div id="a39449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.875px;top:268.7px;">133</div><div id="a39464" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:309.7px;">Cash and Cash Equivalents and Short-Term Investments have remaining maturities<div style="display:inline-block;width:1.94px"> </div>within one year. </div><div id="a39468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:327.7px;">Investments and Long-Term Receivables have remaining maturities<div style="display:inline-block;width:2.12px"> </div>greater than one year through five years.</div></div></div></div><div id="TextBlockContainer679" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:233px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the amortized<div style="display:inline-block;width:2.13px"> </div>cost basis and fair value of investments in<div style="display:inline-block;width:2.14px"> </div>debt securities </div><div id="a39474" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">classified as available for sale: </div><div id="a39486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.955px;top:49.3px;">Millions of Dollars </div><div id="a39489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:358.195px;top:66.1px;">Amortized Cost Basis </div><div id="a39492" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.035px;top:66.1px;">Fair Value </div><div id="a39495" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:391.795px;top:82.7px;">2020 </div><div id="a39498" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:461.715px;top:82.7px;">2019 </div><div id="a39500" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:531.835px;top:82.7px;">2020 </div><div id="a39503" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:82.7px;">2019 </div><div id="a39505" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:99.5px;">Major Security Type </div><div id="a39515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:115.7px;">Corporate bonds </div><div id="a39518" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:352.755px;top:115.7px;">$ </div><div id="a39520" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:115.7px;">271</div><div id="a39523" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:464.755px;top:115.7px;">159</div><div id="a39526" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.875px;top:115.7px;">273</div><div id="a39529" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:115.7px;">159</div><div id="a39531" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.7px;">Commercial paper </div><div id="a39534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:131.7px;">168</div><div id="a39537" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.635px;top:131.7px;">38</div><div id="a39540" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.875px;top:131.7px;">168</div><div id="a39543" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:131.7px;">38</div><div id="a39545" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:147.9px;">U.S. government obligations </div><div id="a39548" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.715px;top:147.9px;">17</div><div id="a39551" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.635px;top:147.9px;">25</div><div id="a39554" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.755px;top:147.9px;">17</div><div id="a39557" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:147.9px;">25</div><div id="a39559" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:164px;">U.S. government agency obligations </div><div id="a39562" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.715px;top:164px;">17</div><div id="a39565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.075px;top:164px;">-</div><div id="a39568" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.755px;top:164px;">17</div><div id="a39571" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:164px;">-</div><div id="a39573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180px;">Foreign government obligations </div><div id="a39576" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:408.755px;top:180px;">2</div><div id="a39579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.075px;top:180px;">-</div><div id="a39582" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:548.795px;top:180px;">2</div><div id="a39585" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:180px;">-</div><div id="a39587" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:196.2px;">Asset-backed securities </div><div id="a39592" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.715px;top:196.2px;">41</div><div id="a39595" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.635px;top:196.2px;">19</div><div id="a39598" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.755px;top:196.2px;">41</div><div id="a39601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:196.2px;">19</div><div id="a39604" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:352.755px;top:215.9px;">$ </div><div id="a39606" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:215.9px;">516</div><div id="a39609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:464.755px;top:215.9px;">241</div><div id="a39612" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.875px;top:215.9px;">518</div><div id="a39615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:215.9px;">241</div></div><div id="TextBlockContainer682" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:620px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39618" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">As of December 31, 2020 and December 31, 2019,<div style="display:inline-block;width:2.04px"> </div>total unrealized losses for debt securities<div style="display:inline-block;width:2px"> </div>classified as </div><div id="a39621" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">available for sale with net losses were negligible.<div style="display:inline-block;width:5.59px"> </div>Additionally, as of December 31, 2020 and December 31, </div><div id="a39622" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">2019, investments in these debt securities<div style="display:inline-block;width:2.16px"> </div>in an unrealized loss position for which an allowance<div style="display:inline-block;width:2.16px"> </div>for credit </div><div id="a39624" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">losses has not been recorded were negligible.</div></div><div id="TextBlockContainer684" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:633px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39628" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">For the year ended December 31, 2020, proceeds<div style="display:inline-block;width:2.15px"> </div>from sales and redemptions of investments<div style="display:inline-block;width:1.94px"> </div>in debt securities </div><div id="a39629" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">classified as available for sale were $</div><div id="a39629_39_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:213.173px;top:16.2px;">422</div><div id="a39629_42_69" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:234.133px;top:16.2px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>Gross realized gains and losses included in earnings<div style="display:inline-block;width:2.05px"> </div>from </div><div id="a39632" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">those sales and redemptions were negligible.<div style="display:inline-block;width:5.67px"> </div>The cost of securities sold and redeemed<div style="display:inline-block;width:2.09px"> </div>is determined using the </div><div id="a39635" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">specific identification method.</div></div><div id="TextBlockContainer686" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:612px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39640" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Credit Risk </div><div id="a39642" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Financial instruments potentially exposed to concentrations<div style="display:inline-block;width:1.69px"> </div>of credit risk consist primarily of cash equivalents, </div><div id="a39643" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">short-term investments, long-term investments<div style="display:inline-block;width:2.05px"> </div>in debt securities, OTC derivative contracts and trade </div><div id="a39648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">receivables.<div style="display:inline-block;width:6.6px"> </div>Our cash equivalents and short-term investments<div style="display:inline-block;width:2.11px"> </div>are placed in high-quality commercial paper, </div><div id="a39654" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">government money market funds, government debt<div style="display:inline-block;width:2px"> </div>securities,<div style="display:inline-block;width:3.05px"> </div>time deposits with major international banks and </div><div id="a39657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">financial institutions,<div style="display:inline-block;width:2.71px"> </div>and high-quality corporate bonds.<div style="display:inline-block;width:6.17px"> </div>Our long-term investments in debt securities<div style="display:inline-block;width:2.18px"> </div>are </div><div id="a39668" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">placed in high-quality corporate bonds, U.S. government<div style="display:inline-block;width:1.71px"> </div>and government agency obligations,<div style="display:inline-block;width:2.52px"> </div>foreign </div><div id="a39677" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">government obligations, and asset-backed securities.<div style="display:inline-block;width:1.91px"> </div></div><div id="a39682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a39684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">The credit risk from our OTC derivative contracts,<div style="display:inline-block;width:1.93px"> </div>such as forwards, swaps and options, derives<div style="display:inline-block;width:2.11px"> </div>from the </div><div id="a39686" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">counterparty to the transaction.<div style="display:inline-block;width:6.13px"> </div>Individual counterparty exposure is managed<div style="display:inline-block;width:2.02px"> </div>within predetermined credit </div><div id="a39687" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">limits and includes the use of cash-call margins when appropriate,<div style="display:inline-block;width:1.66px"> </div>thereby reducing the risk of significant </div><div id="a39690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">nonperformance.<div style="display:inline-block;width:6.62px"> </div>We also use futures, swaps and option contracts that have a negligible credit<div style="display:inline-block;width:2.15px"> </div>risk because </div><div id="a39692" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">these trades are cleared primarily with an exchange<div style="display:inline-block;width:1.99px"> </div>clearinghouse and subject to mandatory margin </div><div id="a39695" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">requirements until settled; however, we are exposed to the credit<div style="display:inline-block;width:2.14px"> </div>risk of those exchange brokers for receivables </div><div id="a39697" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">arising from daily margin cash calls, as well as for cash<div style="display:inline-block;width:2.09px"> </div>deposited to meet initial margin requirements.<div style="display:inline-block;width:2.33px"> </div></div><div id="a39699" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;"> </div><div id="a39700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">Our trade receivables result primarily<div style="display:inline-block;width:2.17px"> </div>from our petroleum operations and reflect a broad<div style="display:inline-block;width:2.1px"> </div>national and </div><div id="a39702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">international customer base, which limits our<div style="display:inline-block;width:2.16px"> </div>exposure to concentrations of credit risk.<div style="display:inline-block;width:5.62px"> </div>The majority of these </div><div id="a39703" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">receivables have payment terms of </div><div id="a39703_34_15" style="position:absolute;font-family:'Times New Roman';left:202.613px;top:305.8px;-sec-ix-hidden:ID_1494;">30 days or less</div><div id="a39703_49_51" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:285.493px;top:305.8px;">, and we continually monitor this exposure and<div style="display:inline-block;width:2.06px"> </div>the </div><div id="a39704" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;">creditworthiness of the counterparties.<div style="display:inline-block;width:5.81px"> </div>At our option, we may require collateral to limit<div style="display:inline-block;width:2px"> </div>the exposure to loss </div><div id="a39707" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">including, letters of credit, prepayments and surety<div style="display:inline-block;width:2.11px"> </div>bonds, as well as master netting arrangements<div style="display:inline-block;width:2.03px"> </div>to mitigate </div><div id="a39708" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">credit risk with counterparties that both buy from<div style="display:inline-block;width:1.97px"> </div>and sell to us, as these agreements permit<div style="display:inline-block;width:2.07px"> </div>the amounts owed </div><div id="a39710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">by us or owed to others to be offset against amounts<div style="display:inline-block;width:2.17px"> </div>due to us. </div><div id="a39712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;"> </div><div id="a39713" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:402.5px;">Certain of our derivative instruments contain provisions that require us to post collateral if the derivative </div><div id="a39714" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:418.6px;">exposure exceeds a threshold amount. We have contracts with fixed threshold amounts and other contracts </div><div id="a39716" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:434.6px;">with variable threshold amounts that are contingent on our credit rating. The variable threshold amounts </div><div id="a39717" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:450.8px;">typically decline for lower credit ratings, while both the variable and fixed threshold amounts typically revert </div><div id="a39719" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:466.8px;">to zero if we fall below investment grade. Cash is the primary collateral in all contracts; however, many also </div><div id="a39720" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:483px;">permit us to post letters of credit as collateral, such as transactions administered through the New York </div><div id="a39721" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:499.1px;">Mercantile Exchange.</div><div id="a39721_20_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:127.568px;top:499.1px;"> </div><div id="a39724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.1px;"> </div><div id="a39725" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">The aggregate fair value of all derivative<div style="display:inline-block;width:2.15px"> </div>instruments with such credit risk-related contingent<div style="display:inline-block;width:2px"> </div>features that were </div><div id="a39728" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">in a liability position on December 31, 2020 and<div style="display:inline-block;width:2.01px"> </div>December 31, 2019, was $</div><div id="a39728_73_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.595px;top:547.5px;">25</div><div id="a39728_75_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.675px;top:547.5px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a39728_89_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:547.5px;">79</div><div id="a39728_91_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:547.5px;"><div style="display:inline-block;width:3.52px"> </div>million, </div><div id="a39740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;">respectively.<div style="display:inline-block;width:7.61px"> </div>For these instruments, </div><div id="a39740_38_13" style="position:absolute;font-family:'Times New Roman';left:210.488px;top:563.5px;-sec-ix-hidden:ID_1127;"><div id="XBRL_HS_795a06c37752461faf885dbe5c307bf7" style="position:relative;left:0px;top:0px;-sec-ix-hidden:ID_1128;">no collateral</div></div><div id="a39740_51_59" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:280.088px;top:563.5px;"><div style="display:inline-block;width:3.36px"> </div>was posted as of December 31, 2020 or December<div style="display:inline-block;width:2.14px"> </div>31, 2019.<div style="display:inline-block;width:3.24px"> </div></div><div id="a39749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;">If our credit rating had been downgraded below<div style="display:inline-block;width:2.13px"> </div>investment grade on December 31, 2020,<div style="display:inline-block;width:2.12px"> </div>we would have been </div><div id="a39759" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">required to post $</div><div id="a39759_18_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:103.248px;top:595.6px;">23</div><div id="a39759_20_73" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:117.168px;top:595.6px;"><div style="display:inline-block;width:3.52px"> </div>million of additional collateral, either with<div style="display:inline-block;width:2.15px"> </div>cash or letters of credit.</div></div> <div id="TextBlockContainer640" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:177px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_638_XBRL_CS_06cdab8810034e5b9f16d9c9902d569d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer639" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:177px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38428" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table presents the gross fair values<div style="display:inline-block;width:2.14px"> </div>of our commodity derivatives, excluding<div style="display:inline-block;width:2.15px"> </div>collateral, and the </div><div id="a38429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">line items where they appear on our consolidated<div style="display:inline-block;width:2.13px"> </div>balance sheet: </div><div id="a38439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:474.035px;top:46.2px;">Millions of Dollars </div><div id="a38442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:63px;">2020 </div><div id="a38445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:63px;">2019 </div><div id="a38447" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:79.8px;">Assets </div><div id="a38453" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.8px;">Prepaid expenses and other current assets </div><div id="a38455" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.715px;top:95.8px;">$ </div><div id="a38457" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.835px;top:95.8px;">229</div><div id="a38460" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:95.8px;">288</div><div id="a38462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112px;">Other assets </div><div id="a38465" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.715px;top:112px;">26</div><div id="a38468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:112px;">34</div><div id="a38470" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:128.2px;">Liabilities </div><div id="a38476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.2px;">Other accruals </div><div id="a38479" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.835px;top:144.2px;">202</div><div id="a38482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:144.2px;">283</div><div id="a38484" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.3px;">Other liabilities and deferred credits </div><div id="a38488" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.715px;top:160.3px;">18</div><div id="a38491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:160.3px;">28</div></div></div></div><div id="TextBlockContainer654" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:634px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_652_XBRL_CS_298e79605d1949598878d7ab45965c4c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer653" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:634px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38650" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table presents the gross fair values<div style="display:inline-block;width:2.14px"> </div>of our foreign currency exchange derivatives,<div style="display:inline-block;width:1.95px"> </div>excluding </div><div id="a38652" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">collateral, and the line items where they appear<div style="display:inline-block;width:2.16px"> </div>on our consolidated balance sheet: </div><div id="a38662" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:476.435px;top:47px;">Millions of Dollars </div><div id="a38666" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.475px;top:63.7px;">2020 </div><div id="a38669" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:596.475px;top:63.7px;">2019 </div><div id="a38671" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:80.5px;">Assets </div><div id="a38677" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">Prepaid expenses and other current assets </div><div id="a38679" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:435.795px;top:96.7px;">$ </div><div id="a38681" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.475px;top:96.7px;">2</div><div id="a38684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:96.7px;">1</div><div id="a38686" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:112.7px;">Liabilities </div><div id="a38692" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Other accruals </div><div id="a38695" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:509.395px;top:128.8px;">16</div><div id="a38698" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:128.8px;">20</div><div id="a38700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">Other liabilities and deferred credits </div><div id="a38703" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:518.875px;top:145px;">-</div><div id="a38706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:145px;">8</div></div></div></div> 229000000 288000000 26000000 34000000 202000000 283000000 18000000 28000000 <div id="TextBlockContainer644" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_642_XBRL_CS_20d3089a1d8d4e9db0504237df3957fa" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer643" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38495" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The gains (losses) from commodity derivatives<div style="display:inline-block;width:2.01px"> </div>incurred, and the line items where they appear<div style="display:inline-block;width:2.03px"> </div>on our </div><div id="a38496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">consolidated income statement were: </div><div id="a38506" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:461.555px;top:47px;">Millions of Dollars </div><div id="a38509" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:448.755px;top:63.7px;">2020 </div><div id="a38512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.755px;top:63.7px;">2019 </div><div id="a38515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.715px;top:63.7px;">2018 </div><div id="a38524" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">Sales and other operating revenues </div><div id="a38527" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:399.795px;top:96.6px;">$ </div><div id="a38529" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.675px;top:96.6px;">19</div><div id="a38532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:528.795px;top:96.6px;">141</div><div id="a38535" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:612.635px;top:96.6px;">45</div><div id="a38537" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">Other income (loss) </div><div id="a38540" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:465.715px;top:112.6px;">4</div><div id="a38543" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.715px;top:112.6px;">4</div><div id="a38546" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:619.675px;top:112.6px;">7</div><div id="a38548" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Purchased commodities </div><div id="a38551" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.675px;top:128.8px;">11</div><div id="a38554" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:128.8px;display:flex;">(118)</div><div id="a38557" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.355px;top:128.8px;display:flex;">(41)</div></div></div></div><div id="TextBlockContainer658" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_656_XBRL_CS_a6a2196a4d34468e9c25589531875f5d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer657" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The (gains) losses from foreign currency exchange<div style="display:inline-block;width:1.98px"> </div>derivatives incurred and the line item where they<div style="display:inline-block;width:1.97px"> </div>appear<div style="display:inline-block;width:3.22px"> </div></div><div id="a38712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">on our consolidated income statement were: </div><div id="a38722" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:45.9px;">Millions of Dollars </div><div id="a38726" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:62.7px;">2020 </div><div id="a38729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.795px;top:62.7px;">2019 </div><div id="a38732" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:62.7px;">2018 </div><div id="a38741" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.5px;">Foreign currency transaction (gains) losses<div style="display:inline-block;width:2.24px"> </div></div><div id="a38743" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:398.835px;top:95.5px;">$ </div><div id="a38745" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.435px;top:95.5px;display:flex;">(40)</div><div id="a38748" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.715px;top:95.5px;">16</div><div id="a38751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:95.5px;">1</div></div></div></div> 19000000 141000000 45000000 4000000 4000000 7000000 11000000 -118000000 -41000000 <div id="TextBlockContainer647" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38561" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The table below summarizes our material net exposures<div style="display:inline-block;width:2.05px"> </div>resulting from outstanding commodity<div style="display:inline-block;width:2.16px"> </div>derivative </div><div id="a38562" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">contracts: </div><div id="a38572" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.915px;top:47.1px;">Open Position </div><div id="a38575" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:496.275px;top:63.1px;">Long/(Short) </div><div id="a38579" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.755px;top:79.9px;">2020 </div><div id="a38582" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:79.9px;">2019 </div><div id="a38584" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:96.7px;">Commodity </div><div id="a38590" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.8px;">Natural gas and power (billions of cubic feet equivalent) </div><div id="a38597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:128.8px;">Fixed price </div><div id="a38600" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:509.395px;top:128.8px;-sec-ix-hidden:ID_1121;">(20)</div><div id="a38603" style="position:absolute;font-family:'Times New Roman';left:613.435px;top:128.8px;-sec-ix-hidden:ID_1123;">(5)</div><div id="a38606" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:145px;">Basis </div><div id="a38609" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:509.395px;top:145px;-sec-ix-hidden:ID_1122;">(10)</div><div id="a38612" style="position:absolute;font-family:'Times New Roman';left:606.395px;top:145px;-sec-ix-hidden:ID_1508;">(23)</div></div><div id="TextBlockContainer662" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_660_XBRL_CS_0484ae480a814b47ac3cc7608c41196b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer661" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38754" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">We had the following net notional position of outstanding foreign currency exchange<div style="display:inline-block;width:2.01px"> </div>derivatives: </div><div id="a38762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:505.555px;top:30.9px;">In Millions </div><div id="a38764" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:484.435px;top:46.9px;">Notional Currency<div style="display:inline-block;width:3.02px"> </div></div><div id="a38767" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:517.915px;top:63.7px;">2020 </div><div id="a38770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:63.7px;">2019 </div><div id="a38772" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:80.5px;">Foreign Currency Exchange Derivatives </div><div id="a38779" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">Buy British pound, sell euro </div><div id="a38781" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.795px;top:96.6px;">GBP </div><div id="a38783" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:537.115px;top:96.6px;">-</div><div id="a38786" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:96.6px;">4</div><div id="a38788" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">Sell British pound, buy euro </div><div id="a38790" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.795px;top:112.6px;">GBP </div><div id="a38792" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.715px;top:112.6px;">5</div><div id="a38795" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:112.6px;">-</div><div id="a38797" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Sell Canadian dollar, buy U.S. dollar </div><div id="a38799" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.795px;top:128.8px;">CAD </div><div id="a38801" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:520.795px;top:128.8px;">370</div><div id="a38804" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:128.8px;">1,337</div></div></div></div> 2000000 1000000 16000000 20000000 0 8000000 40000000 -16000000 -1000000 0 4000000 5000000 0 370000000 1337000000 At December 31, 2020, we had outstanding foreign currency exchange forward contracts to sell $0.45 billion CAD at $0.748 CAD against the U.S. dollar. At December 31, 2019, we had outstanding foreign currency exchange forward contracts to sell $1.35 billion CAD at $0.748 CAD against the U.S. dollar <div id="TextBlockContainer667" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:626px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38980" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following investments are carried on our<div style="display:inline-block;width:2.18px"> </div>consolidated balance sheet at cost, plus accrued<div style="display:inline-block;width:2.12px"> </div>interest and the </div><div id="a38982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">table reflects remaining maturities at December<div style="display:inline-block;width:2.13px"> </div>31, 2020 and 2019:</div></div><div id="TextBlockContainer672" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:651px;height:306px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_670_XBRL_CS_9f388d5d8bdb4feb9f4939dc679a1c22" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer671" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:651px;height:306px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a38990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:378.035px;top:0px;">Millions of Dollars </div><div id="a38993" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:382.035px;top:16.8px;">Carrying Amount </div><div id="a38996" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.008px;top:33.6px;">Cash and Cash </div><div id="a38997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:258.648px;top:49.6px;">Equivalents </div><div id="a39000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:404.115px;top:33.6px;">Short-Term </div><div id="a39003" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:402.995px;top:49.6px;">Investments </div><div id="a39006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:512.275px;top:33.6px;">Investments and Long-</div><div id="a39008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:526.075px;top:49.6px;">Term Receivables </div><div id="a39012" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:263.768px;top:66.4px;">2020 </div><div id="a39015" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:333.688px;top:66.4px;">2019 </div><div id="a39018" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:403.795px;top:66.4px;">2020 </div><div id="a39021" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.715px;top:66.4px;">2019 </div><div id="a39024" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:543.835px;top:66.4px;">2020 </div><div id="a39027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.755px;top:66.4px;">2019 </div><div id="a39042" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:99.2px;">Cash </div><div id="a39044" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:224.728px;top:99.2px;">$ </div><div id="a39046" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:266.808px;top:99.2px;">597</div><div id="a39049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.728px;top:99.2px;">759</div><div id="a39059" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:117.3px;">Demand Deposits </div><div id="a39063" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.248px;top:117.3px;">1,133</div><div id="a39066" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.168px;top:117.3px;">1,483</div><div id="a39076" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:133.3px;">Time Deposits </div><div id="a39092" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:149.5px;">1 to 90 days </div><div id="a39095" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.248px;top:149.5px;">1,225</div><div id="a39098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.168px;top:149.5px;">2,030</div><div id="a39101" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:396.275px;top:149.5px;">2,859</div><div id="a39104" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.195px;top:149.5px;">1,395</div><div id="a39110" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:165.6px;">91 to 180 days </div><div id="a39117" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:406.835px;top:165.6px;">448</div><div id="a39120" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:476.755px;top:165.6px;">465</div><div id="a39126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:181.6px;">Within one year </div><div id="a39134" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:181.6px;">13</div><div id="a39137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:493.075px;top:181.6px;">-</div><div id="a39143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:197.8px;">One year through five years </div><div id="a39154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:560.795px;top:197.8px;">1</div><div id="a39157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:633.115px;top:197.8px;">-</div><div id="a39159" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:215.7px;">Commercial Paper </div><div id="a39174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:233.8px;">1 to 90 days </div><div id="a39177" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:283.128px;top:233.8px;">-</div><div id="a39180" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.728px;top:233.8px;">413</div><div id="a39183" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:423.155px;top:233.8px;">-</div><div id="a39186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.195px;top:233.8px;">1,069</div><div id="a39192" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:251.7px;">U.S. Government Obligations </div><div id="a39206" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:269.8px;">1 to 90 days </div><div id="a39209" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:273.688px;top:269.8px;">23</div><div id="a39212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.728px;top:269.8px;">394</div><div id="a39215" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:423.155px;top:269.8px;">-</div><div id="a39218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:493.075px;top:269.8px;">-</div><div id="a39225" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:224.728px;top:289.5px;">$ </div><div id="a39227" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.248px;top:289.5px;">2,978</div><div id="a39230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.168px;top:289.5px;">5,079</div><div id="a39233" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:396.275px;top:289.5px;">3,320</div><div id="a39236" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.195px;top:289.5px;">2,929</div><div id="a39239" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:560.795px;top:289.5px;">1</div><div id="a39242" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:633.115px;top:289.5px;">-</div></div></div></div> 597000000 759000000 1133000000 1483000000 1225000000 2030000000 2859000000 1395000000 448000000 465000000 13000000 0 1000000 0 0 413000000 0 1069000000 23000000 394000000 0 0 2978000000 5079000000 3320000000 2929000000 1000000 0 <div id="TextBlockContainer675" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:649px;height:345px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39249" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following investments in debt securities<div style="display:inline-block;width:2.13px"> </div>classified as available for sale are carried on our<div style="display:inline-block;width:2.15px"> </div>consolidated </div><div id="a39250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">balance sheet at fair value as of December 31,<div style="display:inline-block;width:2.11px"> </div>2020 and 2019: </div><div id="a39266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:376.115px;top:50.3px;">Millions of Dollars </div><div id="a39269" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:380.115px;top:67.1px;">Carrying Amount </div><div id="a39273" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.048px;top:83.9px;">Cash and Cash </div><div id="a39274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:261.688px;top:99.9px;">Equivalents </div><div id="a39277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:402.035px;top:83.9px;">Short-Term </div><div id="a39280" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:99.9px;">Investments </div><div id="a39283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:510.195px;top:83.9px;">Investments and Long-</div><div id="a39285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:99.9px;">Term Receivables </div><div id="a39288" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:261.848px;top:116.7px;">2020 </div><div id="a39291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:331.768px;top:116.7px;">2019 </div><div id="a39293" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.875px;top:116.7px;">2020 </div><div id="a39296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.795px;top:116.7px;">2019 </div><div id="a39298" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.915px;top:116.7px;">2020 </div><div id="a39301" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:116.7px;">2019 </div><div id="a39303" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:133.5px;">Major Security Type </div><div id="a39317" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:149.5px;">Corporate Bonds </div><div id="a39319" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:222.808px;top:149.5px;">$ </div><div id="a39321" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.048px;top:149.5px;">-</div><div id="a39324" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:348.755px;top:149.5px;">1</div><div id="a39327" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:404.755px;top:149.5px;">130</div><div id="a39330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:149.5px;">59</div><div id="a39333" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.795px;top:149.5px;">143</div><div id="a39336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.755px;top:149.5px;">99</div><div id="a39338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:165.6px;">Commercial Paper </div><div id="a39341" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:271.608px;top:165.6px;">13</div><div id="a39344" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:348.755px;top:165.6px;">8</div><div id="a39347" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:404.755px;top:165.6px;">155</div><div id="a39350" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:165.6px;">30</div><div id="a39356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:181.8px;">U.S. Government Obligations </div><div id="a39359" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.048px;top:181.8px;">-</div><div id="a39362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:351.155px;top:181.8px;">-</div><div id="a39365" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:418.675px;top:181.8px;">4</div><div id="a39368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:181.8px;">10</div><div id="a39371" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.675px;top:181.8px;">13</div><div id="a39374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.755px;top:181.8px;">15</div><div id="a39376" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:197.8px;">U.S. Government Agency<div style="display:inline-block;width:6.23px"> </div></div><div id="a39378" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:213.9px;"><div style="display:inline-block;width:10.56px"> </div>Obligations </div><div id="a39390" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.675px;top:213.9px;">17</div><div id="a39393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:631.195px;top:213.9px;">-</div><div id="a39395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:230.1px;">Foreign Government Obligations </div><div id="a39406" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:558.715px;top:230.1px;">2</div><div id="a39409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:631.195px;top:230.1px;">-</div><div id="a39411" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:248.1px;">Asset-backed Securities </div><div id="a39420" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:421.075px;top:248.1px;">-</div><div id="a39423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:491.155px;top:248.1px;">-</div><div id="a39426" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.675px;top:248.1px;">41</div><div id="a39429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.755px;top:248.1px;">19</div><div id="a39432" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:222.808px;top:268.7px;">$ </div><div id="a39434" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:271.608px;top:268.7px;">13</div><div id="a39437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:348.755px;top:268.7px;">9</div><div id="a39440" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:404.755px;top:268.7px;">289</div><div id="a39443" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.715px;top:268.7px;">99</div><div id="a39446" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.795px;top:268.7px;">216</div><div id="a39449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.875px;top:268.7px;">133</div><div id="a39464" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:309.7px;">Cash and Cash Equivalents and Short-Term Investments have remaining maturities<div style="display:inline-block;width:1.94px"> </div>within one year. </div><div id="a39468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:327.7px;">Investments and Long-Term Receivables have remaining maturities<div style="display:inline-block;width:2.12px"> </div>greater than one year through five years.</div></div> 0 1000000 130000000 59000000 143000000 99000000 13000000 8000000 155000000 30000000 0 0 4000000 10000000 13000000 15000000 17000000 0 2000000 0 0 0 41000000 19000000 13000000 9000000 289000000 99000000 216000000 133000000 <div id="TextBlockContainer680" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:233px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_678_XBRL_TS_b2a44d62263b4399bc2dc528eae31cf1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer679" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:233px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the amortized<div style="display:inline-block;width:2.13px"> </div>cost basis and fair value of investments in<div style="display:inline-block;width:2.14px"> </div>debt securities </div><div id="a39474" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">classified as available for sale: </div><div id="a39486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.955px;top:49.3px;">Millions of Dollars </div><div id="a39489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:358.195px;top:66.1px;">Amortized Cost Basis </div><div id="a39492" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.035px;top:66.1px;">Fair Value </div><div id="a39495" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:391.795px;top:82.7px;">2020 </div><div id="a39498" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:461.715px;top:82.7px;">2019 </div><div id="a39500" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:531.835px;top:82.7px;">2020 </div><div id="a39503" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:82.7px;">2019 </div><div id="a39505" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:99.5px;">Major Security Type </div><div id="a39515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:115.7px;">Corporate bonds </div><div id="a39518" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:352.755px;top:115.7px;">$ </div><div id="a39520" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:115.7px;">271</div><div id="a39523" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:464.755px;top:115.7px;">159</div><div id="a39526" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.875px;top:115.7px;">273</div><div id="a39529" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:115.7px;">159</div><div id="a39531" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.7px;">Commercial paper </div><div id="a39534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:131.7px;">168</div><div id="a39537" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.635px;top:131.7px;">38</div><div id="a39540" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.875px;top:131.7px;">168</div><div id="a39543" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:131.7px;">38</div><div id="a39545" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:147.9px;">U.S. government obligations </div><div id="a39548" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.715px;top:147.9px;">17</div><div id="a39551" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.635px;top:147.9px;">25</div><div id="a39554" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.755px;top:147.9px;">17</div><div id="a39557" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:147.9px;">25</div><div id="a39559" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:164px;">U.S. government agency obligations </div><div id="a39562" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.715px;top:164px;">17</div><div id="a39565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.075px;top:164px;">-</div><div id="a39568" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.755px;top:164px;">17</div><div id="a39571" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:164px;">-</div><div id="a39573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180px;">Foreign government obligations </div><div id="a39576" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:408.755px;top:180px;">2</div><div id="a39579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.075px;top:180px;">-</div><div id="a39582" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:548.795px;top:180px;">2</div><div id="a39585" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:180px;">-</div><div id="a39587" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:196.2px;">Asset-backed securities </div><div id="a39592" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:401.715px;top:196.2px;">41</div><div id="a39595" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:471.635px;top:196.2px;">19</div><div id="a39598" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.755px;top:196.2px;">41</div><div id="a39601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:196.2px;">19</div><div id="a39604" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:352.755px;top:215.9px;">$ </div><div id="a39606" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:215.9px;">516</div><div id="a39609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:464.755px;top:215.9px;">241</div><div id="a39612" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:534.875px;top:215.9px;">518</div><div id="a39615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:215.9px;">241</div></div></div></div> 271000000 159000000 273000000 159000000 168000000 38000000 168000000 38000000 17000000 25000000 17000000 25000000 17000000 0 17000000 0 2000000 0 2000000 0 41000000 19000000 41000000 19000000 516000000 241000000 518000000 241000000 422000000 Certain of our derivative instruments contain provisions that require us to post collateral if the derivative exposure exceeds a threshold amount. We have contracts with fixed threshold amounts and other contracts with variable threshold amounts that are contingent on our credit rating. The variable threshold amounts typically decline for lower credit ratings, while both the variable and fixed threshold amounts typically revert to zero if we fall below investment grade. Cash is the primary collateral in all contracts; however, many also permit us to post letters of credit as collateral, such as transactions administered through the New York Mercantile Exchange. 25000000 79000000 23000000 <div id="TextBlockContainer688" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:241px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39766" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 14—Fair Value Measurement </div><div id="a39770" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="a39771" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.4px;">We carry a portion of our assets and liabilities at fair value that are measured at the reporting<div style="display:inline-block;width:1.78px"> </div>date using an exit </div><div id="a39775" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">price (i.e., the price that would be received to sell<div style="display:inline-block;width:1.96px"> </div>an asset or paid to transfer a liability) and disclosed </div><div id="a39777" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">according to the quality of valuation inputs under<div style="display:inline-block;width:2.15px"> </div>the following hierarchy: </div><div id="a39779" style="position:absolute;font-family:'Times New Roman';font-size:16px;font-weight:normal;font-style:normal;left:4.693px;top:80.7px;"> </div><div id="a39780" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:100px;">●</div><div id="a39781" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:99.9px;"> </div><div id="a39782" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:100px;">Level 1: Quoted prices (unadjusted) in an active<div style="display:inline-block;width:2.18px"> </div>market for identical assets or liabilities. </div><div id="a39785" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:119.6px;">●</div><div id="a39786" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:119.4px;"> </div><div id="a39787" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:119.6px;">Level 2: Inputs other than quoted prices that<div style="display:inline-block;width:2.13px"> </div>are directly or indirectly observable. </div><div id="a39789" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:139.1px;">●</div><div id="a39790" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:138.9px;"> </div><div id="a39791" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:139.1px;">Level 3: Unobservable inputs that are significant<div style="display:inline-block;width:2px"> </div>to the fair value of assets or liabilities. </div><div id="a39793" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:157.6px;"> </div><div id="a39794" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176px;">The classification of an asset or liability<div style="display:inline-block;width:2.15px"> </div>is based on the lowest level of input significant<div style="display:inline-block;width:2.11px"> </div>to its fair value.<div style="display:inline-block;width:6.52px"> </div>Those </div><div id="a39796" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:192.2px;">that are initially classified as Level 3 are subsequently<div style="display:inline-block;width:1.92px"> </div>reported as Level 2 when the fair value derived<div style="display:inline-block;width:2.16px"> </div>from </div><div id="a39797" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:208.2px;">unobservable inputs is inconsequential to the overall<div style="display:inline-block;width:1.99px"> </div>fair value, or if corroborated market data becomes </div><div id="a39799" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:224.4px;">available.<div style="display:inline-block;width:6.79px"> </div>Assets and liabilities initially reported as Level<div style="display:inline-block;width:2.09px"> </div>2 are subsequently reported as Level 3 if </div></div><div id="TextBlockContainer690" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:634px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39803" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">corroborated market data is no longer available.<div style="display:inline-block;width:5.68px"> </div>There were no material transfers into or out<div style="display:inline-block;width:2.13px"> </div>of Level 3 during </div><div id="a39810" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">2020 or 2019.</div></div><div id="TextBlockContainer692" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:374px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39814" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Recurring Fair Value Measurement </div><div id="a39816" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Financial assets and liabilities reported at fair<div style="display:inline-block;width:2.06px"> </div>value on a recurring basis primarily include<div style="display:inline-block;width:2.15px"> </div>our investment in </div><div id="a39817" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Cenovus Energy common shares,<div style="display:inline-block;width:2.85px"> </div>our investments<div style="display:inline-block;width:3.09px"> </div>in debt securities classified as available<div style="display:inline-block;width:2.16px"> </div>for sale, and </div><div id="a39827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">commodity derivatives.<div style="display:inline-block;width:6.25px"> </div></div><div id="a39830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;"> </div><div id="a39831" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.4px;">●</div><div id="a39832" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:81.3px;"> </div><div id="a39833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:81.4px;">Level 1 derivative assets and liabilities primarily<div style="display:inline-block;width:1.84px"> </div>represent exchange-traded futures and options that are </div><div id="a39839" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:97.6px;">valued using unadjusted prices available from the<div style="display:inline-block;width:2.11px"> </div>underlying exchange.<div style="display:inline-block;width:6.38px"> </div>Level 1 also includes our </div><div id="a39842" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:113.8px;">investment in common shares of Cenovus Energy, which is valued using quotes for shares<div style="display:inline-block;width:1.97px"> </div>on the NYSE, </div><div id="a39845" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:129.8px;">and our investments in U.S. government obligations<div style="display:inline-block;width:1.9px"> </div>classified as available for sale debt securities,<div style="display:inline-block;width:2.01px"> </div>which </div><div id="a39846" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:145.9px;">are valued using exchange prices.<div style="display:inline-block;width:5.95px"> </div></div><div id="a39849" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:163.1px;">●</div><div id="a39850" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:162.9px;"> </div><div id="a39851" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:163.1px;">Level 2 derivative assets and liabilities primarily<div style="display:inline-block;width:1.88px"> </div>represent OTC swaps, options and forward purchase<div style="display:inline-block;width:2.07px"> </div>and </div><div id="a39853" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:179.1px;">sale contracts that are valued using adjusted exchange<div style="display:inline-block;width:1.99px"> </div>prices, prices provided by brokers or pricing<div style="display:inline-block;width:2px"> </div>service </div><div id="a39854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:195.2px;">companies that are all corroborated by market<div style="display:inline-block;width:2.16px"> </div>data.<div style="display:inline-block;width:6.98px"> </div>Level 2 also includes our investments in debt </div><div id="a39860" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:211.4px;">securities classified as available for sale including<div style="display:inline-block;width:2.02px"> </div>investments in corporate bonds, commercial<div style="display:inline-block;width:1.97px"> </div>paper, </div><div id="a39861" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:227.4px;">asset-backed securities, U.S. government agency<div style="display:inline-block;width:2.1px"> </div>obligations and foreign government obligations<div style="display:inline-block;width:1.97px"> </div>that are </div><div id="a39864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:243.6px;">valued using pricing provided by brokers or pricing<div style="display:inline-block;width:2.14px"> </div>service companies that are corroborated<div style="display:inline-block;width:2.17px"> </div>with market </div><div id="a39866" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:259.7px;">data.<div style="display:inline-block;width:3.26px"> </div></div><div id="a39868" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:276.7px;">●</div><div id="a39869" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:276.5px;"> </div><div id="a39870" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:276.7px;">Level 3 derivative assets and liabilities consist<div style="display:inline-block;width:2.01px"> </div>of OTC swaps, options and forward purchase and<div style="display:inline-block;width:2.09px"> </div>sale </div><div id="a39871" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:292.8px;">contracts where a significant portion of fair<div style="display:inline-block;width:2.12px"> </div>value is calculated from underlying market data<div style="display:inline-block;width:2.12px"> </div>that is not </div><div id="a39873" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:309px;">readily available.<div style="display:inline-block;width:6.58px"> </div>The derived value uses industry standard<div style="display:inline-block;width:2.18px"> </div>methodologies that may consider the historical </div><div id="a39874" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:325px;">relationships among various commodities, modeled<div style="display:inline-block;width:2.1px"> </div>market prices, time value, volatility factors<div style="display:inline-block;width:2.15px"> </div>and other </div><div id="a39875" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:341.2px;">relevant economic measures.<div style="display:inline-block;width:6.09px"> </div>The use of these inputs results in management’s best estimate of fair<div style="display:inline-block;width:2.04px"> </div>value.<div style="display:inline-block;width:3.43px"> </div></div><div id="a39877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:357.2px;">Level 3 activity was not material for all<div style="display:inline-block;width:2.18px"> </div>periods presented.</div></div><div id="TextBlockContainer696" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:257px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_694_XBRL_CS_fb3776765aa045cd91401d1a0ba1af05" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer695" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:257px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the fair value<div style="display:inline-block;width:2.15px"> </div>hierarchy for gross financial assets and<div style="display:inline-block;width:2.11px"> </div>liabilities (i.e., </div><div id="a39882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">unadjusted where the right of setoff exists for commodity<div style="display:inline-block;width:1.93px"> </div>derivatives accounted for at fair value on a recurring </div><div id="a39883" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">basis):<div style="display:inline-block;width:10.27px"> </div></div><div id="a39887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:354.035px;top:48.8px;">Millions of Dollars </div><div id="a39891" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:241.688px;top:65.6px;">December 31, 2020 </div><div id="a39894" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:472.275px;top:65.6px;">December 31, 2019 </div><div id="a39898" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:200.568px;top:82.2px;">Level 1 </div><div id="a39901" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.568px;top:82.2px;">Level 2 </div><div id="a39904" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:312.568px;top:82.2px;">Level 3 </div><div id="a39907" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:379.955px;top:82.2px;">Total </div><div id="a39910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.435px;top:82.2px;">Level 1 </div><div id="a39913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.395px;top:82.2px;">Level 2 </div><div id="a39916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.395px;top:82.2px;">Level 3 </div><div id="a39919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:82.2px;">Total </div><div id="a39921" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:99px;">Assets </div><div id="a39939" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:117.1px;">Investment in Cenovus Energy </div><div id="a39941" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:117.1px;">$ </div><div id="a39943" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:208.248px;top:117.1px;">1,256</div><div id="a39946" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:291.128px;top:117.1px;">-</div><div id="a39949" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:347.155px;top:117.1px;">-</div><div id="a39952" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.275px;top:117.1px;">1,256</div><div id="a39955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.315px;top:117.1px;">2,111</div><div id="a39958" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.195px;top:117.1px;">-</div><div id="a39961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:568.155px;top:117.1px;">-</div><div id="a39964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:117.1px;">2,111</div><div id="a39966" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:135px;">Investments in debt securities </div><div id="a39969" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:225.688px;top:135px;">17</div><div id="a39972" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:135px;">501</div><div id="a39975" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:347.155px;top:135px;">-</div><div id="a39978" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:135px;">518</div><div id="a39981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:452.755px;top:135px;">25</div><div id="a39984" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:135px;">216</div><div id="a39987" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:568.155px;top:135px;">-</div><div id="a39990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:135px;">241</div><div id="a39992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:151.2px;">Commodity derivatives </div><div id="a39995" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:218.808px;top:151.2px;">142</div><div id="a39998" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:151.2px;">101</div><div id="a40001" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:337.688px;top:151.2px;">12</div><div id="a40004" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:151.2px;">255</div><div id="a40007" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.875px;top:151.2px;">172</div><div id="a40010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:151.2px;">114</div><div id="a40013" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:151.2px;">36</div><div id="a40016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:151.2px;">322</div><div id="a40018" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:168.8px;">Total assets </div><div id="a40020" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:168.8px;">$ </div><div id="a40022" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:208.248px;top:168.8px;">1,415</div><div id="a40025" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:168.8px;">602</div><div id="a40028" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:337.688px;top:168.8px;">12</div><div id="a40031" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.275px;top:168.8px;">2,029</div><div id="a40034" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.315px;top:168.8px;">2,308</div><div id="a40037" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:168.8px;">330</div><div id="a40040" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:168.8px;">36</div><div id="a40043" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:168.8px;">2,674</div><div id="a40063" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:204px;">Liabilities </div><div id="a40081" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:220.2px;">Commodity derivatives </div><div id="a40083" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:220.2px;">$ </div><div id="a40085" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:218.808px;top:220.2px;">120</div><div id="a40088" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.688px;top:220.2px;">91</div><div id="a40091" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:344.755px;top:220.2px;">9</div><div id="a40094" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:220.2px;">220</div><div id="a40097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.875px;top:220.2px;">174</div><div id="a40100" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:220.2px;">115</div><div id="a40103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:220.2px;">22</div><div id="a40106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:220.2px;">311</div><div id="a40108" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:239.9px;">Total liabilities </div><div id="a40110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:239.9px;">$ </div><div id="a40112" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:218.808px;top:239.9px;">120</div><div id="a40115" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.688px;top:239.9px;">91</div><div id="a40118" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:344.755px;top:239.9px;">9</div><div id="a40121" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:239.9px;">220</div><div id="a40124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.875px;top:239.9px;">174</div><div id="a40127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:239.9px;">115</div><div id="a40130" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:239.9px;">22</div><div id="a40133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:239.9px;">311</div></div></div></div><div id="TextBlockContainer699" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:338px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes those commodity<div style="display:inline-block;width:1.93px"> </div>derivative balances subject to the right of setoff as<div style="display:inline-block;width:2.25px"> </div></div><div id="a40156" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">presented on our consolidated balance sheet.<div style="display:inline-block;width:5.8px"> </div>We have elected to offset the recognized fair value amounts for<div style="display:inline-block;width:2.9px"> </div></div><div id="a40158" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">multiple derivative instruments executed with the same<div style="display:inline-block;width:2.08px"> </div>counterparty in our financial statements<div style="display:inline-block;width:2.12px"> </div>when a legal </div><div id="a40160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">right of setoff exists. </div><div id="a40178" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:321.048px;top:79.2px;">Millions of Dollars </div><div id="a40187" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:365.875px;top:96px;">Amounts Subject to Right of Setoff </div><div id="a40190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:173.208px;top:112.8px;">Gross </div><div id="a40193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:227.928px;top:112.8px;">Amounts Not </div><div id="a40198" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:398.995px;top:112.8px;">Gross<div style="display:inline-block;width:3.3px"> </div></div><div id="a40201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:112.8px;">Net </div><div id="a40208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:154.448px;top:128.8px;">Amounts </div><div id="a40212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:247.448px;top:128.8px;">Subject to </div><div id="a40215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.088px;top:128.8px;">Gross </div><div id="a40217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:380.435px;top:128.8px;">Amounts </div><div id="a40220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.475px;top:128.8px;">Amounts </div><div id="a40223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:128.8px;">Cash </div><div id="a40226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.595px;top:128.8px;">Net<div style="display:inline-block;width:3.35px"> </div></div><div id="a40229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:139.728px;top:145.8px;">Recognized </div><div id="a40232" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:219.768px;top:145.8px;">Right of Setoff </div><div id="a40235" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;left:314.968px;top:144.9px;">Amounts </div><div id="a40237" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.755px;top:145.8px;">Offset </div><div id="a40240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.435px;top:145.8px;">Presented </div><div id="a40243" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:145.8px;">Collateral </div><div id="a40246" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.555px;top:145.8px;">Amounts </div><div id="a40248" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:162.4px;">December 31, 2020 </div><div id="a40265" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:178.6px;">Assets </div><div id="a40267" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:127.728px;top:178.6px;">$ </div><div id="a40269" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:180.728px;top:178.6px;">255</div><div id="a40272" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:292.728px;top:178.6px;">2</div><div id="a40275" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:343.795px;top:178.6px;">253</div><div id="a40278" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:406.835px;top:178.6px;">157</div><div id="a40281" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:480.755px;top:178.6px;">96</div><div id="a40284" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.795px;top:178.6px;">10</div><div id="a40287" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:603.835px;top:178.6px;">86</div><div id="a40289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:194.7px;">Liabilities </div><div id="a40292" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:180.728px;top:194.7px;">220</div><div id="a40295" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:292.728px;top:194.7px;">1</div><div id="a40298" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:343.795px;top:194.7px;">219</div><div id="a40301" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:406.835px;top:194.7px;">157</div><div id="a40304" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:480.755px;top:194.7px;">62</div><div id="a40307" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.835px;top:194.7px;">4</div><div id="a40310" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:603.835px;top:194.7px;">58</div><div id="a40327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.6px;">December 31, 2019 </div><div id="a40343" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:243.7px;">Assets </div><div id="a40345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:127.728px;top:243.7px;">$ </div><div id="a40347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.728px;top:243.7px;">322</div><div id="a40350" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:292.728px;top:243.7px;">3</div><div id="a40353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.795px;top:243.7px;">319</div><div id="a40356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:406.835px;top:243.7px;">193</div><div id="a40359" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.875px;top:243.7px;">126</div><div id="a40362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.835px;top:243.7px;">4</div><div id="a40365" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:596.955px;top:243.7px;">122</div><div id="a40367" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:259.7px;">Liabilities </div><div id="a40370" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.728px;top:259.7px;">311</div><div id="a40373" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:292.728px;top:259.7px;">4</div><div id="a40376" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.795px;top:259.7px;">307</div><div id="a40379" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:406.835px;top:259.7px;">193</div><div id="a40382" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.875px;top:259.7px;">114</div><div id="a40385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:544.795px;top:259.7px;">12</div><div id="a40388" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:596.955px;top:259.7px;">102</div><div id="a40420" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.5px;">At December 31, 2020 and December 31, 2019,<div style="display:inline-block;width:2.06px"> </div>we did not present any amounts gross on our consolidated </div><div id="a40422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.5px;">balance sheet where we had the right of setoff.</div></div><div id="TextBlockContainer704" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:328px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_702_XBRL_TS_3bb0d6120e3d4ff09a765ed52b6f44f2" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer703" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:328px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40425" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Non-Recurring Fair Value Measurement </div><div id="a40429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:23px;">The following table summarizes the fair value<div style="display:inline-block;width:2.15px"> </div>hierarchy by major category and date of<div style="display:inline-block;width:2.02px"> </div>remeasurement for </div><div id="a40431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:39.2px;">assets accounted for at fair value on a non-recurring<div style="display:inline-block;width:2.01px"> </div>basis: </div><div id="a40447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.555px;top:69.3px;">Millions of Dollars<div style="display:inline-block;width:2.94px"> </div></div><div id="a40453" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:347.315px;top:85.1px;">Fair Value Measurements Using </div><div id="a40458" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:254.168px;top:119.4px;">Fair Value </div><div id="a40461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:350.195px;top:103.2px;">Level 1 </div><div id="a40462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:357.715px;top:119.4px;">Inputs </div><div id="a40465" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:429.235px;top:103.2px;">Level 2 </div><div id="a40466" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:436.755px;top:119.4px;">Inputs </div><div id="a40469" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.275px;top:103.2px;">Level 3 </div><div id="a40470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.835px;top:119.4px;">Inputs </div><div id="a40473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:565.275px;top:103.2px;">Before-Tax </div><div id="a40476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:603.515px;top:119.4px;">Loss </div><div id="a40478" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:136.2px;">Year<div style="display:inline-block;width:4.97px"> </div>ended December 31, 2020 </div><div id="a40490" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:151.4px;">Net PP&amp;E (held for use) </div><div id="a40502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:167.4px;"><div style="display:inline-block;width:10.56px"> </div>March 31, 2020 </div><div id="a40505" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:232.728px;top:167.4px;">$ </div><div id="a40507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:295.608px;top:167.4px;">65</div><div id="a40510" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:384.115px;top:167.4px;">-</div><div id="a40513" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.155px;top:167.4px;">-</div><div id="a40516" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:532.795px;top:167.4px;">65</div><div id="a40519" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.955px;top:167.4px;">522</div><div id="a40521" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:183.4px;"><div style="display:inline-block;width:10.56px"> </div>December 31, 2020 </div><div id="a40525" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:288.728px;top:183.4px;">268</div><div id="a40528" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:384.115px;top:183.4px;">-</div><div id="a40531" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.155px;top:183.4px;">-</div><div id="a40534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:525.915px;top:183.4px;">268</div><div id="a40537" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.955px;top:183.4px;">287</div><div id="a40550" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:215.4px;">Year<div style="display:inline-block;width:4.93px"> </div>ended December 31, 2019 </div><div id="a40562" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:231.4px;">Net PP&amp;E (held for sale) </div><div id="a40574" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:247.4px;"><div style="display:inline-block;width:10.56px"> </div>November 30, 2019 </div><div id="a40577" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:232.728px;top:247.4px;">$ </div><div id="a40579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.728px;top:247.4px;">194</div><div id="a40582" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:247.4px;">194</div><div id="a40585" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:463.155px;top:247.4px;">-</div><div id="a40588" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:247.4px;">-</div><div id="a40591" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:247.4px;">351</div><div id="a40593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:263.4px;"><div style="display:inline-block;width:10.56px"> </div>December 31, 2019 </div><div id="a40597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.728px;top:263.4px;">166</div><div id="a40600" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:263.4px;">166</div><div id="a40603" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:463.155px;top:263.4px;">-</div><div id="a40606" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:263.4px;">-</div><div id="a40609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:263.4px;">28</div><div id="a40611" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:279.4px;">Equity Method Investments </div><div id="a40623" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:295.4px;"><div style="display:inline-block;width:10.56px"> </div>March 31, 2019 </div><div id="a40627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.728px;top:295.4px;">171</div><div id="a40630" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:295.4px;">171</div><div id="a40633" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:463.155px;top:295.4px;">-</div><div id="a40636" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:295.4px;">-</div><div id="a40639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:295.4px;">60</div><div id="a40641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:311.4px;"><div style="display:inline-block;width:10.56px"> </div>May 31, 2019 </div><div id="a40645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:295.608px;top:311.4px;">30</div><div id="a40648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:384.115px;top:311.4px;">-</div><div id="a40651" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:453.715px;top:311.4px;">30</div><div id="a40654" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:311.4px;">-</div><div id="a40657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:311.4px;">95</div></div></div></div><div id="TextBlockContainer708" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:0px;">Net PP&amp;E (held for use)</div><div id="a40661" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:143.088px;top:0px;"> </div><div id="a40662" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">During 2020, the estimated fair value of certain<div style="display:inline-block;width:2.18px"> </div>non-core assets included in our Lower<div style="display:inline-block;width:2.16px"> </div>48 segment declined to<div style="display:inline-block;width:2.91px"> </div></div><div id="a40666" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">amounts below the carrying values.<div style="display:inline-block;width:5.99px"> </div>The carrying values were written down to fair<div style="display:inline-block;width:2.06px"> </div>value.<div style="display:inline-block;width:6.82px"> </div>The fair values were </div><div id="a40675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">estimated based on internal discounted cash flow models<div style="display:inline-block;width:1.88px"> </div>using the following estimated assumptions: estimated </div><div id="a40684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">future production, an outlook of future prices from<div style="display:inline-block;width:2.09px"> </div>a combination of exchanges (short-term)<div style="display:inline-block;width:2px"> </div>coupled with </div><div id="a40690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">pricing service companies and our internal outlook<div style="display:inline-block;width:2.15px"> </div>(long-term), future operating costs and capital<div style="display:inline-block;width:1.98px"> </div>expenditures, </div><div id="a40694" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">and a discount rate believed to be consistent<div style="display:inline-block;width:2.16px"> </div>with those used by principal market participants.<div style="display:inline-block;width:5.58px"> </div></div><div id="div_706_XBRL_TS_f104713088994f35a5992e02ca11b997" style="position:absolute;left:0px;top:96.6px;float:left;"><div id="TextBlockContainer707" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:624px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40694_97_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.808px;top:0px;">The range and </div><div id="a40696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">arithmetic average of significant unobservable inputs<div style="display:inline-block;width:2.02px"> </div>used in the Level 3 fair value measurements<div style="display:inline-block;width:2.24px"> </div>for </div><div id="a40700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">significant assets were as follows:</div></div></div></div><div id="TextBlockContainer712" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:642px;height:424px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_710_XBRL_TS_6a8787affcec4586804ccfbbcae433e7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer711" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:642px;height:424px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:160.901px;top:0px;">Fair Value </div><div id="a40712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:153.381px;top:15.4px;">(Millions of </div><div id="a40713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:173.901px;top:30.7px;">Dollars) </div><div id="a40716" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:262.861px;top:15.4px;">Valuation </div><div id="a40717" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:259.181px;top:30.7px;">Technique </div><div id="a40720" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.768px;top:30.7px;">Unobservable Inputs </div><div id="a40723" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.408px;top:15.4px;">Range<div style="display:inline-block;width:3.51px"> </div></div><div id="a40725" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:514.288px;top:30.7px;">(Arithmetic Average) </div><div id="a40728" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.427px;top:51.4px;">March 31, 2020 </div><div id="a40739" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:85.4px;">Wind River Basin </div><div id="a40741" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.501px;top:85.4px;">$ </div><div id="a40743" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:200.301px;top:85.4px;">65</div><div id="a40746" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:227.661px;top:66.7px;">Discounted cash </div><div id="a40747" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:291.021px;top:82.1px;">flow </div><div id="a40750" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:366.088px;top:66.7px;">Natural gas production </div><div id="a40751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:429.928px;top:82.1px;">(MMCFD) </div><div id="a40754" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.768px;top:85.4px;">8.4</div><div id="a40754_3_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:559.568px;top:85.4px;"><div style="display:inline-block;width:3.36px"> </div>- </div><div id="a40754_6_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.608px;top:85.4px;">55.2</div><div id="a40754_10_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:593.968px;top:85.4px;"><div style="display:inline-block;width:3.36px"> </div>(</div><div id="a40754_12_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.808px;top:85.4px;">22.9</div><div id="a40754_16_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:85.4px;">) </div><div id="a40766" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:346.568px;top:113px;">Natural gas price outlook* </div><div id="a40767" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.888px;top:128.3px;">($/MMBTU) </div><div id="a40770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:516.208px;top:128.3px;">$</div><div id="a40770_1_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.928px;top:128.3px;">2.67</div><div id="a40770_5_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:546.288px;top:128.3px;"><div style="display:inline-block;width:3.36px"> </div>- $</div><div id="a40770_9_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:564.048px;top:128.3px;">9.17</div><div id="a40770_13_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.408px;top:128.3px;"><div style="display:inline-block;width:3.36px"> </div>($</div><div id="a40770_16_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.808px;top:128.3px;">5.68</div><div id="a40770_20_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:128.3px;">) </div><div id="a40784" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.688px;top:158.4px;">Discount rate** </div><div id="a40787" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.568px;top:158.4px;">7.9</div><div id="a40787_3_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.368px;top:158.4px;">%<div style="display:inline-block;width:6.7px"> </div>- </div><div id="a40787_8_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:561.968px;top:158.4px;">9.1</div><div id="a40787_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:578.608px;top:158.4px;">% (</div><div id="a40787_14_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:597.488px;top:158.4px;">8.3</div><div id="a40787_17_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.128px;top:158.4px;">%) </div><div id="a40793" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:174.2px;"><div style="display:inline-block;width:4.8px"> </div>*Henry Hub natural gas price outlook based on a combination of external<div style="display:inline-block;width:3.8px"> </div>pricing service companies' outlooks for years 2022-2034; future<div style="display:inline-block;width:4.12px"> </div>prices escalated at </div><div id="a40793_158_3" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:604.168px;top:174.2px;">2.2</div><div id="a40793_161_2" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:615.848px;top:174.2px;">% </div><div id="a40797" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:184.9px;">annually after year 2034. </div><div id="a40799" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:195.6px;">**Determined as the weighted average cost of capital of a group<div style="display:inline-block;width:4.07px"> </div>of peer companies, adjusted for risks where<div style="display:inline-block;width:3.86px"> </div>appropriate. </div><div id="a40805" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:160.901px;top:217.6px;">Fair Value </div><div id="a40806" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:153.381px;top:233px;">(Millions of </div><div id="a40807" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:173.901px;top:248.2px;">Dollars) </div><div id="a40810" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:262.861px;top:233px;">Valuation </div><div id="a40811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:259.181px;top:248.2px;">Technique </div><div id="a40814" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.768px;top:248.2px;">Unobservable Inputs </div><div id="a40817" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.408px;top:233px;">Range<div style="display:inline-block;width:3.51px"> </div></div><div id="a40819" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:514.288px;top:248.2px;">(Arithmetic Average) </div><div id="a40822" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.427px;top:269px;">December 31, 2020 </div><div id="a40833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:302.9px;">Central Basin Platform </div><div id="a40835" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.501px;top:302.9px;">$ </div><div id="a40837" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:193.581px;top:302.9px;">244</div><div id="a40840" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:227.661px;top:284.2px;">Discounted cash </div><div id="a40841" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:291.021px;top:299.6px;">flow </div><div id="a40844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:363.528px;top:284.2px;">Commodity production </div><div id="a40845" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:431.528px;top:299.6px;">(MBOED) </div><div id="a40848" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:549.488px;top:302.9px;">0.5</div><div id="a40848_3_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:566.288px;top:302.9px;"><div style="display:inline-block;width:3.36px"> </div>- </div><div id="a40848_6_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:577.328px;top:302.9px;">12.7</div><div id="a40848_10_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:600.688px;top:302.9px;"><div style="display:inline-block;width:3.36px"> </div>(</div><div id="a40848_12_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.528px;top:302.9px;">3.4</div><div id="a40848_15_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:302.9px;">) </div><div id="a40860" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.008px;top:330.6px;">Commodity price outlook* </div><div id="a40861" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.568px;top:346px;">($/BOE) </div><div id="a40864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:538.288px;top:330.6px;">$</div><div id="a40864_1_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.008px;top:330.6px;">37.35</div><div id="a40864_6_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:575.088px;top:330.6px;"><div style="display:inline-block;width:3.36px"> </div>- $</div><div id="a40864_10_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:592.848px;top:330.6px;">115.29</div><div id="a40868" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:583.888px;top:346px;">($</div><div id="a40868_2_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.088px;top:346px;">73.80</div><div id="a40868_7_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:346px;">) </div><div id="a40877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.688px;top:375.9px;">Discount rate** </div><div id="a40880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.568px;top:375.9px;">6.8</div><div id="a40880_3_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.368px;top:375.9px;">%<div style="display:inline-block;width:6.7px"> </div>- </div><div id="a40880_8_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:561.968px;top:375.9px;">7.7</div><div id="a40880_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:578.608px;top:375.9px;">% (</div><div id="a40880_14_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:597.488px;top:375.9px;">7.4</div><div id="a40880_17_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.128px;top:375.9px;">%) </div><div id="a40886" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:391.8px;">*Commodity price outlook based on a combination of external pricing<div style="display:inline-block;width:3.67px"> </div>service companies' and our internal outlook for years<div style="display:inline-block;width:3.76px"> </div>2023-2050; future prices escalated at </div><div id="a40890" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:402.6px;">2.0% annually after year 2050. </div><div id="a40892" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:413.3px;">**Determined as the weighted average cost of capital of a group<div style="display:inline-block;width:4.07px"> </div>of peer companies, adjusted for risks where<div style="display:inline-block;width:3.82px"> </div>appropriate.</div></div></div></div><div id="TextBlockContainer714" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:631px;height:194px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:0px;">Net PP&amp;E (held for sale) </div><div id="a40899" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Net PP&amp;E held for sale was written down to fair<div style="display:inline-block;width:2.03px"> </div>value, less costs to sell.<div style="display:inline-block;width:6.2px"> </div>The fair value of the assets were<div style="display:inline-block;width:6.15px"> </div></div><div id="a40900" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">determined by their negotiated selling prices<div style="display:inline-block;width:2.18px"> </div>(Level 1).<div style="display:inline-block;width:6.61px"> </div>For additional information see Note 4—Asset </div><div id="a40907" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">Acquisitions and Dispositions.</div><div id="a40910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:176.248px;top:48.3px;"> </div><div id="a40911" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:64.3px;"> </div><div id="a40912" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:80.5px;">Equity Method Investments </div><div id="a40915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">During 2019, certain equity method investments<div style="display:inline-block;width:1.92px"> </div>were determined to have fair values below their<div style="display:inline-block;width:2.14px"> </div>carrying </div><div id="a40916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">amounts, and the impairments were considered to<div style="display:inline-block;width:2.04px"> </div>be other than temporary under the guidance<div style="display:inline-block;width:2.16px"> </div>of FASB ASC </div><div id="a40917" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Topic 323.<div style="display:inline-block;width:7.82px"> </div>Investments using Level 1 inputs were<div style="display:inline-block;width:2.18px"> </div>written down to fair value, less costs to<div style="display:inline-block;width:2.18px"> </div>sell, determined by </div><div id="a40919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">negotiated selling prices.<div style="display:inline-block;width:6.35px"> </div>For additional information, see Note 4—Asset<div style="display:inline-block;width:2.02px"> </div>Acquisitions and Dispositions and </div><div id="a40927" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">Note 5—Investments, Loans and Long-Term Receivables.<div style="display:inline-block;width:6.35px"> </div>An investment using Level 2 inputs was </div><div id="a40936" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">determined to have a fair value below its<div style="display:inline-block;width:2.19px"> </div>carrying value, and was written down to fair<div style="display:inline-block;width:2.07px"> </div>value.</div></div><div id="TextBlockContainer716" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:628px;height:164px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40941" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Reported Fair Values of Financial Instruments </div><div id="a40943" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">We used the following methods and assumptions to estimate the fair value of financial<div style="display:inline-block;width:2px"> </div>instruments: </div><div id="a40946" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;"> </div><div id="a40947" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:49.3px;">●</div><div id="a40948" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:49.1px;"> </div><div id="a40949" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:49.3px;">Cash and cash equivalents and short-term investments:<div style="display:inline-block;width:1.85px"> </div>The carrying amount reported on the balance </div><div id="a40952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:65.3px;">sheet approximates fair value.<div style="display:inline-block;width:6.19px"> </div>For those investments classified as available<div style="display:inline-block;width:1.98px"> </div>for sale debt securities, </div><div id="a40954" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:81.4px;">the carrying amount reported on the balance sheet<div style="display:inline-block;width:2.11px"> </div>is fair value. </div><div id="a40957" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:98.6px;">●</div><div id="a40958" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:98.4px;"> </div><div id="a40959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:98.6px;">Accounts and notes receivable (including long-term<div style="display:inline-block;width:2.06px"> </div>and related parties): The carrying amount </div><div id="a40962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:114.6px;">reported on the balance sheet approximates fair<div style="display:inline-block;width:2.02px"> </div>value.<div style="display:inline-block;width:6.79px"> </div>The valuation technique and methods used to </div><div id="a40963" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:130.7px;">estimate the fair value of the current portion<div style="display:inline-block;width:2.14px"> </div>of fixed-rate related party loans is consistent<div style="display:inline-block;width:2.16px"> </div>with Loans </div><div id="a40967" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:146.9px;">and advances—related parties. </div></div><div id="TextBlockContainer718" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:613px;height:312px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40974" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">●</div><div id="a40975" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:-0.1px;"> </div><div id="a40976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:0px;">Investment in Cenovus Energy: See Note 6—Investment<div style="display:inline-block;width:1.99px"> </div>in Cenovus Energy for a discussion of the </div><div id="a40980" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:16.2px;">carrying value and fair value of our investment in<div style="display:inline-block;width:2.01px"> </div>Cenovus Energy common shares.<div style="display:inline-block;width:2.72px"> </div></div><div id="a40987" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:33.1px;">●</div><div id="a40988" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:33px;"> </div><div id="a40989" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:33.1px;">Investments in debt securities classified as available<div style="display:inline-block;width:2px"> </div>for sale: The fair value of investments in debt </div><div id="a40995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:49.3px;">securities categorized as Level 1 in the fair<div style="display:inline-block;width:2.16px"> </div>value hierarchy is measured using exchange<div style="display:inline-block;width:2.14px"> </div>prices.<div style="display:inline-block;width:6.86px"> </div>The </div><div id="a40999" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:65.5px;">fair value of investments in debt securities<div style="display:inline-block;width:2.13px"> </div>categorized as Level 2 in the fair value hierarchy is </div><div id="a41002" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:81.5px;">measured using pricing provided by brokers or<div style="display:inline-block;width:2.05px"> </div>pricing service companies that are corroborated<div style="display:inline-block;width:1.92px"> </div>with </div><div id="a41011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:97.6px;">market data.<div style="display:inline-block;width:6.74px"> </div>See Note 13—Derivatives and Financial Instruments,<div style="display:inline-block;width:1.8px"> </div>for additional information.<div style="display:inline-block;width:2.79px"> </div></div><div id="a41018" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.7px;">●</div><div id="a41019" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:114.6px;"> </div><div id="a41020" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:114.7px;">Loans and advances—related parties: The carrying<div style="display:inline-block;width:1.96px"> </div>amount of floating-rate loans approximates<div style="display:inline-block;width:2.11px"> </div>fair </div><div id="a41025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:130.7px;">value.<div style="display:inline-block;width:6.95px"> </div>The fair value of fixed-rate loan activity is<div style="display:inline-block;width:2.14px"> </div>measured using market observable data and is </div><div id="a41029" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:146.9px;">categorized as Level 2 in the fair value hierarchy.<div style="display:inline-block;width:6.36px"> </div>See Note 5—Investments, Loans and Long-Term </div><div id="a41034" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:163.1px;">Receivables, for additional information. </div><div id="a41036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180.2px;">●</div><div id="a41037" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:180.1px;"> </div><div id="a41038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:180.2px;">Accounts payable (including related parties)<div style="display:inline-block;width:2.09px"> </div>and floating-rate debt: The carrying amount of accounts </div><div id="a41041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:196.2px;">payable and floating-rate debt reported on the balance<div style="display:inline-block;width:2.17px"> </div>sheet approximates fair value.<div style="display:inline-block;width:5.9px"> </div></div><div id="a41046" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:213.3px;">●</div><div id="a41047" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:213.2px;"> </div><div id="a41048" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:213.3px;">Fixed-rate debt: The estimated fair value of fixed-rate<div style="display:inline-block;width:2.03px"> </div>debt is measured using prices available<div style="display:inline-block;width:2.12px"> </div>from a </div><div id="a41053" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:229.5px;">pricing service that is corroborated by market<div style="display:inline-block;width:2.09px"> </div>data; therefore, these liabilities are categorized<div style="display:inline-block;width:2.18px"> </div>as Level </div><div id="a41055" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:245.5px;">2 in the fair value hierarchy. </div><div id="a41057" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.6px;">●</div><div id="a41058" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:11.093px;top:262.5px;"> </div><div id="a41059" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:262.6px;">Commercial paper: The carrying amount of our<div style="display:inline-block;width:2.18px"> </div>commercial paper instruments approximates<div style="display:inline-block;width:2px"> </div>fair value </div><div id="a41060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:278.8px;">and is reported on the balance sheet as short-term<div style="display:inline-block;width:1.99px"> </div>debt.<div style="display:inline-block;width:6.96px"> </div>See Note 10—Debt, for additional </div><div id="a41066" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.688px;top:294.8px;">information</div></div><div id="TextBlockContainer722" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_720_XBRL_CS_9e6907a19ba24a59ae5724a0f5279a71" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer721" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41071" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the net fair<div style="display:inline-block;width:2.16px"> </div>value of financial instruments (i.e., adjusted<div style="display:inline-block;width:2.01px"> </div>where the right of </div><div id="a41072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">setoff exists for commodity derivatives): </div><div id="a41084" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.075px;top:46.9px;">Millions of Dollars </div><div id="a41087" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.208px;top:63.7px;">Carrying Amount </div><div id="a41090" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.035px;top:63.7px;">Fair Value </div><div id="a41093" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:352.755px;top:80.5px;">2020 </div><div id="a41096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:441.875px;top:80.5px;">2019 </div><div id="a41099" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:512.755px;top:80.5px;">2020 </div><div id="a41102" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:80.5px;">2019 </div><div id="a41104" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:97.3px;">Financial assets </div><div id="a41114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:113.3px;">Investment in Cenovus Energy </div><div id="a41116" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:308.728px;top:113.3px;">$ </div><div id="a41118" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:345.235px;top:113.3px;">1,256</div><div id="a41121" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:113.3px;">2,111</div><div id="a41124" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:505.235px;top:113.3px;">1,256</div><div id="a41127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:113.3px;">2,111</div><div id="a41129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.5px;">Commodity derivatives </div><div id="a41132" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.675px;top:129.5px;">88</div><div id="a41135" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:129.5px;">125</div><div id="a41138" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:522.715px;top:129.5px;">88</div><div id="a41141" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:129.5px;">125</div><div id="a41143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.6px;">Investments in debt securities </div><div id="a41146" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:355.795px;top:145.6px;">518</div><div id="a41149" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:145.6px;">241</div><div id="a41152" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:515.835px;top:145.6px;">518</div><div id="a41155" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:145.6px;">241</div><div id="a41157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.6px;">Loans and advances—related parties </div><div id="a41162" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:355.795px;top:161.6px;">220</div><div id="a41165" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:161.6px;">339</div><div id="a41168" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:515.835px;top:161.6px;">220</div><div id="a41171" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:161.6px;">339</div><div id="a41173" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:177.8px;">Financial liabilities </div><div id="a41184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.8px;">Total debt, excluding finance leases </div><div id="a41187" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:338.168px;top:193.8px;">14,478</div><div id="a41190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.315px;top:193.8px;">14,175</div><div id="a41193" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.195px;top:193.8px;">19,106</div><div id="a41196" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:193.8px;">18,108</div><div id="a41198" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.9px;">Commodity derivatives </div><div id="a41201" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.675px;top:209.9px;">59</div><div id="a41204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:209.9px;">106</div><div id="a41207" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:522.715px;top:209.9px;">59</div><div id="a41210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:209.9px;">106</div></div></div></div><div id="TextBlockContainer724" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:597px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41214" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:0px;">Commodity Derivatives </div><div id="a41216" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">At December 31, 2020, commodity derivative<div style="display:inline-block;width:2.04px"> </div>assets and liabilities are presented net with $</div><div id="a41216_90_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.315px;top:16.2px;">10</div><div id="a41216_92_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.435px;top:16.2px;"><div style="display:inline-block;width:3.52px"> </div>million in </div><div id="a41225" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">obligations to return cash collateral and $</div><div id="a41225_43_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:236.568px;top:32.2px;">4</div><div id="a41225_44_65" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:243.608px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million of rights to reclaim cash collateral,<div style="display:inline-block;width:2.08px"> </div>respectively.<div style="display:inline-block;width:7.61px"> </div>At </div><div id="a41229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">December 31, 2019, commodity derivative assets<div style="display:inline-block;width:2px"> </div>and liabilities are presented net with $</div><div id="a41229_87_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:497.875px;top:48.3px;">4</div><div id="a41229_88_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:504.915px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million in </div><div id="a41235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">obligations to return cash collateral and $</div><div id="a41235_43_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:236.533px;top:64.5px;">12</div><div id="a41235_45_60" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:250.648px;top:64.5px;"><div style="display:inline-block;width:3.52px"> </div>million of rights to reclaim cash collateral,<div style="display:inline-block;width:2.08px"> </div>respectively.</div></div> <div id="TextBlockContainer695" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:257px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a39880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the fair value<div style="display:inline-block;width:2.15px"> </div>hierarchy for gross financial assets and<div style="display:inline-block;width:2.11px"> </div>liabilities (i.e., </div><div id="a39882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">unadjusted where the right of setoff exists for commodity<div style="display:inline-block;width:1.93px"> </div>derivatives accounted for at fair value on a recurring </div><div id="a39883" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">basis):<div style="display:inline-block;width:10.27px"> </div></div><div id="a39887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:354.035px;top:48.8px;">Millions of Dollars </div><div id="a39891" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:241.688px;top:65.6px;">December 31, 2020 </div><div id="a39894" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:472.275px;top:65.6px;">December 31, 2019 </div><div id="a39898" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:200.568px;top:82.2px;">Level 1 </div><div id="a39901" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.568px;top:82.2px;">Level 2 </div><div id="a39904" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:312.568px;top:82.2px;">Level 3 </div><div id="a39907" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:379.955px;top:82.2px;">Total </div><div id="a39910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.435px;top:82.2px;">Level 1 </div><div id="a39913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.395px;top:82.2px;">Level 2 </div><div id="a39916" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.395px;top:82.2px;">Level 3 </div><div id="a39919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:82.2px;">Total </div><div id="a39921" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:99px;">Assets </div><div id="a39939" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:117.1px;">Investment in Cenovus Energy </div><div id="a39941" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:117.1px;">$ </div><div id="a39943" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:208.248px;top:117.1px;">1,256</div><div id="a39946" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:291.128px;top:117.1px;">-</div><div id="a39949" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:347.155px;top:117.1px;">-</div><div id="a39952" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.275px;top:117.1px;">1,256</div><div id="a39955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.315px;top:117.1px;">2,111</div><div id="a39958" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.195px;top:117.1px;">-</div><div id="a39961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:568.155px;top:117.1px;">-</div><div id="a39964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:117.1px;">2,111</div><div id="a39966" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:135px;">Investments in debt securities </div><div id="a39969" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:225.688px;top:135px;">17</div><div id="a39972" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:135px;">501</div><div id="a39975" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:347.155px;top:135px;">-</div><div id="a39978" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:135px;">518</div><div id="a39981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:452.755px;top:135px;">25</div><div id="a39984" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:135px;">216</div><div id="a39987" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:568.155px;top:135px;">-</div><div id="a39990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:135px;">241</div><div id="a39992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:151.2px;">Commodity derivatives </div><div id="a39995" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:218.808px;top:151.2px;">142</div><div id="a39998" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:151.2px;">101</div><div id="a40001" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:337.688px;top:151.2px;">12</div><div id="a40004" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:151.2px;">255</div><div id="a40007" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.875px;top:151.2px;">172</div><div id="a40010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:151.2px;">114</div><div id="a40013" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:151.2px;">36</div><div id="a40016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:151.2px;">322</div><div id="a40018" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:168.8px;">Total assets </div><div id="a40020" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:168.8px;">$ </div><div id="a40022" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:208.248px;top:168.8px;">1,415</div><div id="a40025" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:168.8px;">602</div><div id="a40028" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:337.688px;top:168.8px;">12</div><div id="a40031" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.275px;top:168.8px;">2,029</div><div id="a40034" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.315px;top:168.8px;">2,308</div><div id="a40037" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:168.8px;">330</div><div id="a40040" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:168.8px;">36</div><div id="a40043" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:168.8px;">2,674</div><div id="a40063" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:204px;">Liabilities </div><div id="a40081" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:220.2px;">Commodity derivatives </div><div id="a40083" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:220.2px;">$ </div><div id="a40085" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:218.808px;top:220.2px;">120</div><div id="a40088" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.688px;top:220.2px;">91</div><div id="a40091" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:344.755px;top:220.2px;">9</div><div id="a40094" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:220.2px;">220</div><div id="a40097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.875px;top:220.2px;">174</div><div id="a40100" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:220.2px;">115</div><div id="a40103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:220.2px;">22</div><div id="a40106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:220.2px;">311</div><div id="a40108" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:239.9px;">Total liabilities </div><div id="a40110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:184.728px;top:239.9px;">$ </div><div id="a40112" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:218.808px;top:239.9px;">120</div><div id="a40115" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:281.688px;top:239.9px;">91</div><div id="a40118" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:344.755px;top:239.9px;">9</div><div id="a40121" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:239.9px;">220</div><div id="a40124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.875px;top:239.9px;">174</div><div id="a40127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.835px;top:239.9px;">115</div><div id="a40130" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:558.715px;top:239.9px;">22</div><div id="a40133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.915px;top:239.9px;">311</div></div> 1256000000 0 0 1256000000 2111000000 2111000000 0 0 2111000000 17000000 501000000 0 518000000 25000000 216000000 0 241000000 142000000 101000000 12000000 255000000 172000000 114000000 36000000 322000000 1415000000 602000000 12000000 2029000000 2308000000 330000000 36000000 2674000000 120000000 91000000 9000000 220000000 174000000 115000000 22000000 311000000 120000000 91000000 9000000 220000000 174000000 115000000 22000000 311000000 <div id="TextBlockContainer700" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:338px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_698_XBRL_TS_8d3b3492aa50410fb00a270eb31fca70" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer699" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:338px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes those commodity<div style="display:inline-block;width:1.93px"> </div>derivative balances subject to the right of setoff as<div style="display:inline-block;width:2.25px"> </div></div><div id="a40156" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">presented on our consolidated balance sheet.<div style="display:inline-block;width:5.8px"> </div>We have elected to offset the recognized fair value amounts for<div style="display:inline-block;width:2.9px"> </div></div><div id="a40158" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">multiple derivative instruments executed with the same<div style="display:inline-block;width:2.08px"> </div>counterparty in our financial statements<div style="display:inline-block;width:2.12px"> </div>when a legal </div><div id="a40160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">right of setoff exists. </div><div id="a40178" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:321.048px;top:79.2px;">Millions of Dollars </div><div id="a40187" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:365.875px;top:96px;">Amounts Subject to Right of Setoff </div><div id="a40190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:173.208px;top:112.8px;">Gross </div><div id="a40193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:227.928px;top:112.8px;">Amounts Not </div><div id="a40198" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:398.995px;top:112.8px;">Gross<div style="display:inline-block;width:3.3px"> </div></div><div id="a40201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:112.8px;">Net </div><div id="a40208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:154.448px;top:128.8px;">Amounts </div><div id="a40212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:247.448px;top:128.8px;">Subject to </div><div id="a40215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.088px;top:128.8px;">Gross </div><div id="a40217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:380.435px;top:128.8px;">Amounts </div><div id="a40220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.475px;top:128.8px;">Amounts </div><div id="a40223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:128.8px;">Cash </div><div id="a40226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.595px;top:128.8px;">Net<div style="display:inline-block;width:3.35px"> </div></div><div id="a40229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:139.728px;top:145.8px;">Recognized </div><div id="a40232" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:219.768px;top:145.8px;">Right of Setoff </div><div id="a40235" style="position:absolute;font-family:'Times New Roman';font-size:14.72px;font-weight:normal;font-style:normal;left:314.968px;top:144.9px;">Amounts </div><div id="a40237" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.755px;top:145.8px;">Offset </div><div id="a40240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.435px;top:145.8px;">Presented </div><div id="a40243" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:145.8px;">Collateral </div><div id="a40246" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.555px;top:145.8px;">Amounts </div><div id="a40248" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:162.4px;">December 31, 2020 </div><div id="a40265" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:178.6px;">Assets </div><div id="a40267" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:127.728px;top:178.6px;">$ </div><div id="a40269" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:180.728px;top:178.6px;">255</div><div id="a40272" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:292.728px;top:178.6px;">2</div><div id="a40275" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:343.795px;top:178.6px;">253</div><div id="a40278" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:406.835px;top:178.6px;">157</div><div id="a40281" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:480.755px;top:178.6px;">96</div><div id="a40284" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.795px;top:178.6px;">10</div><div id="a40287" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:603.835px;top:178.6px;">86</div><div id="a40289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:194.7px;">Liabilities </div><div id="a40292" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:180.728px;top:194.7px;">220</div><div id="a40295" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:292.728px;top:194.7px;">1</div><div id="a40298" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:343.795px;top:194.7px;">219</div><div id="a40301" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:406.835px;top:194.7px;">157</div><div id="a40304" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:480.755px;top:194.7px;">62</div><div id="a40307" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.835px;top:194.7px;">4</div><div id="a40310" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:603.835px;top:194.7px;">58</div><div id="a40327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.6px;">December 31, 2019 </div><div id="a40343" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:243.7px;">Assets </div><div id="a40345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:127.728px;top:243.7px;">$ </div><div id="a40347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.728px;top:243.7px;">322</div><div id="a40350" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:292.728px;top:243.7px;">3</div><div id="a40353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.795px;top:243.7px;">319</div><div id="a40356" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:406.835px;top:243.7px;">193</div><div id="a40359" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.875px;top:243.7px;">126</div><div id="a40362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.835px;top:243.7px;">4</div><div id="a40365" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:596.955px;top:243.7px;">122</div><div id="a40367" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:259.7px;">Liabilities </div><div id="a40370" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.728px;top:259.7px;">311</div><div id="a40373" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:292.728px;top:259.7px;">4</div><div id="a40376" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.795px;top:259.7px;">307</div><div id="a40379" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:406.835px;top:259.7px;">193</div><div id="a40382" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.875px;top:259.7px;">114</div><div id="a40385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:544.795px;top:259.7px;">12</div><div id="a40388" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:596.955px;top:259.7px;">102</div><div id="a40420" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.5px;">At December 31, 2020 and December 31, 2019,<div style="display:inline-block;width:2.06px"> </div>we did not present any amounts gross on our consolidated </div><div id="a40422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.5px;">balance sheet where we had the right of setoff.</div></div></div></div> 255000000 2000000 253000000 157000000 96000000 10000000 86000000 220000000 1000000 219000000 157000000 62000000 4000000 58000000 322000000 3000000 319000000 193000000 126000000 4000000 122000000 311000000 4000000 307000000 193000000 114000000 12000000 102000000 <div id="TextBlockContainer703" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:328px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40425" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Non-Recurring Fair Value Measurement </div><div id="a40429" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:23px;">The following table summarizes the fair value<div style="display:inline-block;width:2.15px"> </div>hierarchy by major category and date of<div style="display:inline-block;width:2.02px"> </div>remeasurement for </div><div id="a40431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:39.2px;">assets accounted for at fair value on a non-recurring<div style="display:inline-block;width:2.01px"> </div>basis: </div><div id="a40447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.555px;top:69.3px;">Millions of Dollars<div style="display:inline-block;width:2.94px"> </div></div><div id="a40453" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:347.315px;top:85.1px;">Fair Value Measurements Using </div><div id="a40458" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:254.168px;top:119.4px;">Fair Value </div><div id="a40461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:350.195px;top:103.2px;">Level 1 </div><div id="a40462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:357.715px;top:119.4px;">Inputs </div><div id="a40465" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:429.235px;top:103.2px;">Level 2 </div><div id="a40466" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:436.755px;top:119.4px;">Inputs </div><div id="a40469" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.275px;top:103.2px;">Level 3 </div><div id="a40470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.835px;top:119.4px;">Inputs </div><div id="a40473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:565.275px;top:103.2px;">Before-Tax </div><div id="a40476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:603.515px;top:119.4px;">Loss </div><div id="a40478" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:136.2px;">Year<div style="display:inline-block;width:4.97px"> </div>ended December 31, 2020 </div><div id="a40490" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:151.4px;">Net PP&amp;E (held for use) </div><div id="a40502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:167.4px;"><div style="display:inline-block;width:10.56px"> </div>March 31, 2020 </div><div id="a40505" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:232.728px;top:167.4px;">$ </div><div id="a40507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:295.608px;top:167.4px;">65</div><div id="a40510" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:384.115px;top:167.4px;">-</div><div id="a40513" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.155px;top:167.4px;">-</div><div id="a40516" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:532.795px;top:167.4px;">65</div><div id="a40519" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.955px;top:167.4px;">522</div><div id="a40521" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:183.4px;"><div style="display:inline-block;width:10.56px"> </div>December 31, 2020 </div><div id="a40525" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:288.728px;top:183.4px;">268</div><div id="a40528" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:384.115px;top:183.4px;">-</div><div id="a40531" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.155px;top:183.4px;">-</div><div id="a40534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:525.915px;top:183.4px;">268</div><div id="a40537" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.955px;top:183.4px;">287</div><div id="a40550" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:215.4px;">Year<div style="display:inline-block;width:4.93px"> </div>ended December 31, 2019 </div><div id="a40562" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:231.4px;">Net PP&amp;E (held for sale) </div><div id="a40574" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:247.4px;"><div style="display:inline-block;width:10.56px"> </div>November 30, 2019 </div><div id="a40577" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:232.728px;top:247.4px;">$ </div><div id="a40579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.728px;top:247.4px;">194</div><div id="a40582" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:247.4px;">194</div><div id="a40585" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:463.155px;top:247.4px;">-</div><div id="a40588" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:247.4px;">-</div><div id="a40591" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:247.4px;">351</div><div id="a40593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:263.4px;"><div style="display:inline-block;width:10.56px"> </div>December 31, 2019 </div><div id="a40597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.728px;top:263.4px;">166</div><div id="a40600" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:263.4px;">166</div><div id="a40603" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:463.155px;top:263.4px;">-</div><div id="a40606" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:263.4px;">-</div><div id="a40609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:263.4px;">28</div><div id="a40611" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:279.4px;">Equity Method Investments </div><div id="a40623" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:295.4px;"><div style="display:inline-block;width:10.56px"> </div>March 31, 2019 </div><div id="a40627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:288.728px;top:295.4px;">171</div><div id="a40630" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:295.4px;">171</div><div id="a40633" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:463.155px;top:295.4px;">-</div><div id="a40636" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:295.4px;">-</div><div id="a40639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:295.4px;">60</div><div id="a40641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:311.4px;"><div style="display:inline-block;width:10.56px"> </div>May 31, 2019 </div><div id="a40645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:295.608px;top:311.4px;">30</div><div id="a40648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:384.115px;top:311.4px;">-</div><div id="a40651" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:453.715px;top:311.4px;">30</div><div id="a40654" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.235px;top:311.4px;">-</div><div id="a40657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:311.4px;">95</div></div> 65000000 0 0 65000000 522000000 268000000 0 0 268000000 287000000 194000000 194000000 0 0 351000000 166000000 166000000 0 0 28000000 171000000 171000000 0 0 60000000 30000000 0 30000000 0 95000000 <div id="TextBlockContainer707" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:624px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40694_97_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.808px;top:0px;">The range and </div><div id="a40696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">arithmetic average of significant unobservable inputs<div style="display:inline-block;width:2.02px"> </div>used in the Level 3 fair value measurements<div style="display:inline-block;width:2.24px"> </div>for </div><div id="a40700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">significant assets were as follows:</div></div><div id="TextBlockContainer711" style="position:relative;font-family:'Times New Roman';font-size:13.28px;color:#000000;line-height:normal;width:642px;height:424px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a40711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:160.901px;top:0px;">Fair Value </div><div id="a40712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:153.381px;top:15.4px;">(Millions of </div><div id="a40713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:173.901px;top:30.7px;">Dollars) </div><div id="a40716" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:262.861px;top:15.4px;">Valuation </div><div id="a40717" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:259.181px;top:30.7px;">Technique </div><div id="a40720" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.768px;top:30.7px;">Unobservable Inputs </div><div id="a40723" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.408px;top:15.4px;">Range<div style="display:inline-block;width:3.51px"> </div></div><div id="a40725" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:514.288px;top:30.7px;">(Arithmetic Average) </div><div id="a40728" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.427px;top:51.4px;">March 31, 2020 </div><div id="a40739" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:85.4px;">Wind River Basin </div><div id="a40741" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.501px;top:85.4px;">$ </div><div id="a40743" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:200.301px;top:85.4px;">65</div><div id="a40746" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:227.661px;top:66.7px;">Discounted cash </div><div id="a40747" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:291.021px;top:82.1px;">flow </div><div id="a40750" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:366.088px;top:66.7px;">Natural gas production </div><div id="a40751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:429.928px;top:82.1px;">(MMCFD) </div><div id="a40754" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:542.768px;top:85.4px;">8.4</div><div id="a40754_3_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:559.568px;top:85.4px;"><div style="display:inline-block;width:3.36px"> </div>- </div><div id="a40754_6_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.608px;top:85.4px;">55.2</div><div id="a40754_10_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:593.968px;top:85.4px;"><div style="display:inline-block;width:3.36px"> </div>(</div><div id="a40754_12_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.808px;top:85.4px;">22.9</div><div id="a40754_16_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:85.4px;">) </div><div id="a40766" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:346.568px;top:113px;">Natural gas price outlook* </div><div id="a40767" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.888px;top:128.3px;">($/MMBTU) </div><div id="a40770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:516.208px;top:128.3px;">$</div><div id="a40770_1_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.928px;top:128.3px;">2.67</div><div id="a40770_5_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:546.288px;top:128.3px;"><div style="display:inline-block;width:3.36px"> </div>- $</div><div id="a40770_9_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:564.048px;top:128.3px;">9.17</div><div id="a40770_13_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.408px;top:128.3px;"><div style="display:inline-block;width:3.36px"> </div>($</div><div id="a40770_16_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.808px;top:128.3px;">5.68</div><div id="a40770_20_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:128.3px;">) </div><div id="a40784" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.688px;top:158.4px;">Discount rate** </div><div id="a40787" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.568px;top:158.4px;">7.9</div><div id="a40787_3_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.368px;top:158.4px;">%<div style="display:inline-block;width:6.7px"> </div>- </div><div id="a40787_8_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:561.968px;top:158.4px;">9.1</div><div id="a40787_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:578.608px;top:158.4px;">% (</div><div id="a40787_14_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:597.488px;top:158.4px;">8.3</div><div id="a40787_17_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.128px;top:158.4px;">%) </div><div id="a40793" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:174.2px;"><div style="display:inline-block;width:4.8px"> </div>*Henry Hub natural gas price outlook based on a combination of external<div style="display:inline-block;width:3.8px"> </div>pricing service companies' outlooks for years 2022-2034; future<div style="display:inline-block;width:4.12px"> </div>prices escalated at </div><div id="a40793_158_3" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:604.168px;top:174.2px;">2.2</div><div id="a40793_161_2" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:615.848px;top:174.2px;">% </div><div id="a40797" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:184.9px;">annually after year 2034. </div><div id="a40799" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:195.6px;">**Determined as the weighted average cost of capital of a group<div style="display:inline-block;width:4.07px"> </div>of peer companies, adjusted for risks where<div style="display:inline-block;width:3.86px"> </div>appropriate. </div><div id="a40805" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:160.901px;top:217.6px;">Fair Value </div><div id="a40806" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:153.381px;top:233px;">(Millions of </div><div id="a40807" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:173.901px;top:248.2px;">Dollars) </div><div id="a40810" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:262.861px;top:233px;">Valuation </div><div id="a40811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:259.181px;top:248.2px;">Technique </div><div id="a40814" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.768px;top:248.2px;">Unobservable Inputs </div><div id="a40817" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.408px;top:233px;">Range<div style="display:inline-block;width:3.51px"> </div></div><div id="a40819" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:514.288px;top:248.2px;">(Arithmetic Average) </div><div id="a40822" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.427px;top:269px;">December 31, 2020 </div><div id="a40833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.427px;top:302.9px;">Central Basin Platform </div><div id="a40835" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.501px;top:302.9px;">$ </div><div id="a40837" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:193.581px;top:302.9px;">244</div><div id="a40840" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:227.661px;top:284.2px;">Discounted cash </div><div id="a40841" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:291.021px;top:299.6px;">flow </div><div id="a40844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:363.528px;top:284.2px;">Commodity production </div><div id="a40845" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:431.528px;top:299.6px;">(MBOED) </div><div id="a40848" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:549.488px;top:302.9px;">0.5</div><div id="a40848_3_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:566.288px;top:302.9px;"><div style="display:inline-block;width:3.36px"> </div>- </div><div id="a40848_6_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:577.328px;top:302.9px;">12.7</div><div id="a40848_10_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:600.688px;top:302.9px;"><div style="display:inline-block;width:3.36px"> </div>(</div><div id="a40848_12_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.528px;top:302.9px;">3.4</div><div id="a40848_15_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:302.9px;">) </div><div id="a40860" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.008px;top:330.6px;">Commodity price outlook* </div><div id="a40861" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.568px;top:346px;">($/BOE) </div><div id="a40864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:538.288px;top:330.6px;">$</div><div id="a40864_1_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.008px;top:330.6px;">37.35</div><div id="a40864_6_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:575.088px;top:330.6px;"><div style="display:inline-block;width:3.36px"> </div>- $</div><div id="a40864_10_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:592.848px;top:330.6px;">115.29</div><div id="a40868" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:583.888px;top:346px;">($</div><div id="a40868_2_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.088px;top:346px;">73.80</div><div id="a40868_7_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.168px;top:346px;">) </div><div id="a40877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:403.688px;top:375.9px;">Discount rate** </div><div id="a40880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.568px;top:375.9px;">6.8</div><div id="a40880_3_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.368px;top:375.9px;">%<div style="display:inline-block;width:6.7px"> </div>- </div><div id="a40880_8_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:561.968px;top:375.9px;">7.7</div><div id="a40880_11_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:578.608px;top:375.9px;">% (</div><div id="a40880_14_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:597.488px;top:375.9px;">7.4</div><div id="a40880_17_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.128px;top:375.9px;">%) </div><div id="a40886" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:391.8px;">*Commodity price outlook based on a combination of external pricing<div style="display:inline-block;width:3.67px"> </div>service companies' and our internal outlook for years<div style="display:inline-block;width:3.76px"> </div>2023-2050; future prices escalated at </div><div id="a40890" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:402.6px;">2.0% annually after year 2050. </div><div id="a40892" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:italic;left:4.427px;top:413.3px;">**Determined as the weighted average cost of capital of a group<div style="display:inline-block;width:4.07px"> </div>of peer companies, adjusted for risks where<div style="display:inline-block;width:3.82px"> </div>appropriate.</div></div> 65000000 8.4 55.2 22.9 2.67 9.17 5.68 0.079 0.091 0.083 0.022 244000000 0.5 12.7 3.4 37.35 115.29 73.80 0.068 0.077 0.074 <div id="TextBlockContainer721" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:227px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41071" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the net fair<div style="display:inline-block;width:2.16px"> </div>value of financial instruments (i.e., adjusted<div style="display:inline-block;width:2.01px"> </div>where the right of </div><div id="a41072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">setoff exists for commodity derivatives): </div><div id="a41084" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.075px;top:46.9px;">Millions of Dollars </div><div id="a41087" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.208px;top:63.7px;">Carrying Amount </div><div id="a41090" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.035px;top:63.7px;">Fair Value </div><div id="a41093" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:352.755px;top:80.5px;">2020 </div><div id="a41096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:441.875px;top:80.5px;">2019 </div><div id="a41099" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:512.755px;top:80.5px;">2020 </div><div id="a41102" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:80.5px;">2019 </div><div id="a41104" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:97.3px;">Financial assets </div><div id="a41114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:113.3px;">Investment in Cenovus Energy </div><div id="a41116" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:308.728px;top:113.3px;">$ </div><div id="a41118" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:345.235px;top:113.3px;">1,256</div><div id="a41121" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:113.3px;">2,111</div><div id="a41124" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:505.235px;top:113.3px;">1,256</div><div id="a41127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:113.3px;">2,111</div><div id="a41129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.5px;">Commodity derivatives </div><div id="a41132" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.675px;top:129.5px;">88</div><div id="a41135" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:129.5px;">125</div><div id="a41138" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:522.715px;top:129.5px;">88</div><div id="a41141" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:129.5px;">125</div><div id="a41143" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.6px;">Investments in debt securities </div><div id="a41146" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:355.795px;top:145.6px;">518</div><div id="a41149" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:145.6px;">241</div><div id="a41152" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:515.835px;top:145.6px;">518</div><div id="a41155" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:145.6px;">241</div><div id="a41157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.6px;">Loans and advances—related parties </div><div id="a41162" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:355.795px;top:161.6px;">220</div><div id="a41165" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:161.6px;">339</div><div id="a41168" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:515.835px;top:161.6px;">220</div><div id="a41171" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:161.6px;">339</div><div id="a41173" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:177.8px;">Financial liabilities </div><div id="a41184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.8px;">Total debt, excluding finance leases </div><div id="a41187" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:338.168px;top:193.8px;">14,478</div><div id="a41190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.315px;top:193.8px;">14,175</div><div id="a41193" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.195px;top:193.8px;">19,106</div><div id="a41196" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:193.8px;">18,108</div><div id="a41198" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.9px;">Commodity derivatives </div><div id="a41201" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.675px;top:209.9px;">59</div><div id="a41204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.915px;top:209.9px;">106</div><div id="a41207" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:522.715px;top:209.9px;">59</div><div id="a41210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:209.9px;">106</div></div> 1256000000 2111000000 1256000000 2111000000 88000000 125000000 88000000 125000000 518000000 241000000 518000000 241000000 220000000 339000000 220000000 339000000 14478000000 14175000000 19106000000 18108000000 59000000 106000000 59000000 106000000 10000000 4000000 4000000 12000000 <div id="TextBlockContainer728" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:262px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_726_XBRL_CS_498b822db3ab4e72aebd2a9cdcfde27d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer727" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:262px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41243" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 15—Equity<div style="display:inline-block;width:3px"> </div></div><div id="a41259" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:32.8px;">Common Stock </div><div id="a41266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49px;">The changes in our shares of common stock, as categorized<div style="display:inline-block;width:1.81px"> </div>in the equity section of the balance sheet, were: </div><div id="a41276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:452.115px;top:78.9px;">Shares </div><div id="a41279" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:379.795px;top:95.7px;">2020 </div><div id="a41282" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.835px;top:95.7px;">2019 </div><div id="a41285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:95.7px;">2018 </div><div id="a41287" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:112.5px;">Issued </div><div id="a41294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.7px;">Beginning of year </div><div id="a41296" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:323.288px;top:128.7px;">1,795,652,203</div><div id="a41299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:128.7px;">1,791,637,434</div><div id="a41302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.275px;top:128.7px;">1,785,419,175</div><div id="a41304" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.7px;">Distributed under benefit plans </div><div id="a41306" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:347.795px;top:144.7px;">3,192,064</div><div id="a41309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:144.7px;">4,014,769</div><div id="a41312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:569.755px;top:144.7px;">6,218,259</div><div id="a41314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.5px;">End of year </div><div id="a41316" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:323.288px;top:161.5px;">1,798,844,267</div><div id="a41319" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:161.5px;">1,795,652,203</div><div id="a41322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.275px;top:161.5px;">1,791,637,434</div><div id="a41330" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:196.7px;">Held in Treasury </div><div id="a41337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:212.8px;">Beginning of year </div><div id="a41339" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:333.688px;top:212.8px;">710,783,814</div><div id="a41342" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.755px;top:212.8px;">653,288,213</div><div id="a41345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.675px;top:212.8px;">608,312,034</div><div id="a41347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:228.9px;">Repurchase of common stock </div><div id="a41349" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:340.755px;top:228.9px;">20,018,275</div><div id="a41352" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:451.795px;top:228.9px;">57,495,601</div><div id="a41355" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.715px;top:228.9px;">44,976,179</div><div id="a41357" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:245.7px;">End of year </div><div id="a41359" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:333.688px;top:245.7px;">730,802,089</div><div id="a41362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.755px;top:245.7px;">710,783,814</div><div id="a41365" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.675px;top:245.7px;">653,288,213</div></div></div></div> <div id="TextBlockContainer727" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:262px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41243" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 15—Equity<div style="display:inline-block;width:3px"> </div></div><div id="a41259" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:32.8px;">Common Stock </div><div id="a41266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49px;">The changes in our shares of common stock, as categorized<div style="display:inline-block;width:1.81px"> </div>in the equity section of the balance sheet, were: </div><div id="a41276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:452.115px;top:78.9px;">Shares </div><div id="a41279" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:379.795px;top:95.7px;">2020 </div><div id="a41282" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.835px;top:95.7px;">2019 </div><div id="a41285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:95.7px;">2018 </div><div id="a41287" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:112.5px;">Issued </div><div id="a41294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.7px;">Beginning of year </div><div id="a41296" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:323.288px;top:128.7px;">1,795,652,203</div><div id="a41299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:128.7px;">1,791,637,434</div><div id="a41302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.275px;top:128.7px;">1,785,419,175</div><div id="a41304" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.7px;">Distributed under benefit plans </div><div id="a41306" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:347.795px;top:144.7px;">3,192,064</div><div id="a41309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:144.7px;">4,014,769</div><div id="a41312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:569.755px;top:144.7px;">6,218,259</div><div id="a41314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.5px;">End of year </div><div id="a41316" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:323.288px;top:161.5px;">1,798,844,267</div><div id="a41319" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:161.5px;">1,795,652,203</div><div id="a41322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:545.275px;top:161.5px;">1,791,637,434</div><div id="a41330" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:196.7px;">Held in Treasury </div><div id="a41337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:212.8px;">Beginning of year </div><div id="a41339" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:333.688px;top:212.8px;">710,783,814</div><div id="a41342" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.755px;top:212.8px;">653,288,213</div><div id="a41345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.675px;top:212.8px;">608,312,034</div><div id="a41347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:228.9px;">Repurchase of common stock </div><div id="a41349" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:340.755px;top:228.9px;">20,018,275</div><div id="a41352" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:451.795px;top:228.9px;">57,495,601</div><div id="a41355" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.715px;top:228.9px;">44,976,179</div><div id="a41357" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:245.7px;">End of year </div><div id="a41359" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:333.688px;top:245.7px;">730,802,089</div><div id="a41362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.755px;top:245.7px;">710,783,814</div><div id="a41365" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.675px;top:245.7px;">653,288,213</div></div><div id="TextBlockContainer730" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:323px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41369" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Preferred Stock</div><div id="a41370" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:99.888px;top:0px;"> </div><div id="a41371" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">We have authorized </div><div id="a41371_19_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:120.213px;top:16px;">500</div><div id="a41371_22_47" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:141.328px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million shares of preferred stock, par value<div style="display:inline-block;width:2.15px"> </div>$</div><div id="a41371_69_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:395.889px;top:16px;">0.01</div><div id="a41371_73_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:420.529px;top:16px;"><div style="display:inline-block;width:3.36px"> </div>per share, </div><div id="a41371_85_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.809px;top:16px;">none</div><div id="a41371_89_21" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:509.009px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>of which was issued </div><div id="a41374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">or outstanding at December 31, 2020 or 2019. </div><div id="a41381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;"> </div><div id="a41382" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:64.3px;">Noncontrolling Interests </div><div id="a41383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:153.968px;top:64.3px;"> </div><div id="a41384" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">In the second quarter of 2020, we completed the<div style="display:inline-block;width:2.03px"> </div>divestiture of our subsidiaries that held our Australia-West </div><div id="a41397" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">assets and operations.<div style="display:inline-block;width:6.41px"> </div>These assets included the Darwin LNG and<div style="display:inline-block;width:1.96px"> </div>Bayu-Darwin Pipeline operating joint </div><div id="a41414" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">ventures in which there was a noncontrolling<div style="display:inline-block;width:2.19px"> </div>interest. As a result, as of December 31,<div style="display:inline-block;width:2.18px"> </div>2020, we had no </div><div id="a41426" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.6px;">noncontrolling interests.<div style="display:inline-block;width:6.33px"> </div>At December 31, 2019, we had $</div><div id="a41426_57_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:333.048px;top:128.6px;">69</div><div id="a41426_59_49" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:347.128px;top:128.6px;"><div style="display:inline-block;width:3.52px"> </div>million of equity outstanding in the same joint </div><div id="a41435" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">ventures.<div style="display:inline-block;width:3.18px"> </div></div><div id="a41437" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:161px;"> </div><div id="a41438" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:177px;">Repurchase of Common Stock </div><div id="a41440" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">In late 2016, we initiated our current share repurchase<div style="display:inline-block;width:2px"> </div>program, which has a current total program </div><div id="a41442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">authorization of $</div><div id="a41442_18_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:104.374px;top:209.3px;">25</div><div id="a41442_20_63" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:118.294px;top:209.3px;"><div style="display:inline-block;width:3.52px"> </div>billion of our common stock.<div style="display:inline-block;width:6.1px"> </div>Cost of share repurchases were $</div><div id="a41442_83_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:476.568px;top:209.3px;">892</div><div id="a41442_86_11" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:497.528px;top:209.3px;"><div style="display:inline-block;width:3.52px"> </div>million, $</div><div id="a41442_97_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.448px;top:209.3px;">3,500</div><div id="a41442_102_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:586.968px;top:209.3px;"> </div><div id="a41444" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">million, $</div><div id="a41444_10_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:59.094px;top:225.3px;">2,999</div><div id="a41444_15_95" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:90.774px;top:225.3px;"><div style="display:inline-block;width:3.52px"> </div>million in 2020, 2019 and 2018, respectively.<div style="display:inline-block;width:6.37px"> </div>Share repurchases were suspended in the second </div><div id="a41446" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">and third quarters of 2020 in response to the economic<div style="display:inline-block;width:2.02px"> </div>downturn.<div style="display:inline-block;width:6.73px"> </div>In the fourth quarter of 2020, we resumed </div><div id="a41451" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">share repurchases, repurchasing $</div><div id="a41451_33_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:193.653px;top:257.5px;">0.2</div><div id="a41451_36_73" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:211.253px;top:257.5px;"><div style="display:inline-block;width:3.36px"> </div>billion of shares in October, until suspending further repurchases<div style="display:inline-block;width:2.11px"> </div>upon </div><div id="a41455" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.6px;">entry into a definitive agreement to acquire Concho.<div style="display:inline-block;width:5.55px"> </div>In February 2021, we resumed share repurchases </div><div id="a41463" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">following our Concho acquisition.<div style="display:inline-block;width:5.85px"> </div>Share repurchases since inception of our current<div style="display:inline-block;width:2.12px"> </div>program totaled </div><div id="a41463_100_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:569.755px;top:289.8px;">189</div><div id="a41463_103_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:590.875px;top:289.8px;"> </div><div id="a41467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">million shares at a cost of $</div><div id="a41467_29_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:158.768px;top:305.8px;">10,517</div><div id="a41467_35_34" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:197.368px;top:305.8px;"><div style="display:inline-block;width:3.52px"> </div>million, as of December 31, 2020.</div></div> 1795652203 1791637434 1785419175 3192064 4014769 6218259 1798844267 1795652203 1791637434 710783814 653288213 608312034 20018275 57495601 44976179 730802089 710783814 653288213 500000000 0.01 0 0 69000000 25000000000 892000000 3500000000 2999000000 200000000 189 10517000000 <div id="TextBlockContainer732" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:226px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41479" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 16—Non-Mineral Leases</div><div id="a41485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:185.208px;top:0px;"> </div><div id="a41486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="a41487" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">The company primarily leases office buildings and drilling<div style="display:inline-block;width:2.03px"> </div>equipment, as well as ocean transport vessels, </div><div id="a41488" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">tugboats, corporate aircraft, and other facilities<div style="display:inline-block;width:2.04px"> </div>and equipment.<div style="display:inline-block;width:6.64px"> </div>Certain leases include escalation clauses for </div><div id="a41489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">adjusting rental payments to reflect changes in price<div style="display:inline-block;width:2.06px"> </div>indices and other leases include payment provisions<div style="display:inline-block;width:1.92px"> </div>that </div><div id="a41491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">vary based on the nature of usage of the leased<div style="display:inline-block;width:2.17px"> </div>asset.<div style="display:inline-block;width:6.71px"> </div>Additionally, the company has executed certain leases </div><div id="a41492" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">that provide it with the option to extend or renew<div style="display:inline-block;width:2.14px"> </div>the term of the lease, terminate the lease<div style="display:inline-block;width:2.06px"> </div>prior to the end of </div><div id="a41494" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">the lease term, or purchase the leased asset as<div style="display:inline-block;width:2.17px"> </div>of the end of the lease term.<div style="display:inline-block;width:6.27px"> </div>In other cases, the company has </div><div id="a41495" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">executed lease agreements that require it to<div style="display:inline-block;width:2.13px"> </div>guarantee the residual value of certain leased office buildings.<div style="display:inline-block;width:5.44px"> </div>For </div><div id="a41497" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">additional information about guarantees, see<div style="display:inline-block;width:2.16px"> </div>Note 11—Guarantees.<div style="display:inline-block;width:6.79px"> </div>There are no significant restrictions </div><div id="a41501" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">imposed on us by the lease agreements with regard<div style="display:inline-block;width:1.97px"> </div>to dividends, asset dispositions or borrowing<div style="display:inline-block;width:2.05px"> </div>ability. </div><div id="a41503" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.2px;"> </div><div id="a41504" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.3px;">Certain arrangements may contain both lease and<div style="display:inline-block;width:2.09px"> </div>non-lease components and we determine<div style="display:inline-block;width:2.13px"> </div>if an arrangement is </div><div id="a41509" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">or contains a lease at contract inception.<div style="display:inline-block;width:5.82px"> </div>We adopted the provisions of FASB ASU No. 2016-02, “Leases” </div></div><div id="TextBlockContainer734" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:790px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41517" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">(ASC Topic 842) and its amendments, beginning January 1, 2019.<div style="display:inline-block;width:5.86px"> </div>This ASU superseded the requirements in </div><div id="a41521" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">FASB ASC Topic<div style="display:inline-block;width:5.14px"> </div>840 “Leases” (ASC Topic 840).<div style="display:inline-block;width:6.84px"> </div>Only the lease components of these contractual </div><div id="a41523" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">arrangements are subject to the provisions of<div style="display:inline-block;width:2.14px"> </div>ASC Topic 842, and any non-lease components are subject to </div><div id="a41526" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">other applicable accounting guidance; however, </div><div id="a41526_47_62" style="position:absolute;font-family:'Times New Roman';left:276.054px;top:48.2px;">we have elected to adopt the optional practical expedient not </div><div id="a41527" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:64.3px;">to separate lease components apart from non-lease components for accounting purposes.</div><div id="a41527_85_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:499.608px;top:64.3px;"><div style="display:inline-block;width:7.04px"> </div>This policy election </div><div id="a41530" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">has been adopted for each of the company’s leased asset classes existing<div style="display:inline-block;width:1.99px"> </div>as of the effective date and subject to </div><div id="a41532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">the transition provisions of ASC Topic 842 and will be applied to all new or<div style="display:inline-block;width:2.15px"> </div>modified leases executed on or </div><div id="a41533" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">after January 1, 2019.<div style="display:inline-block;width:6.43px"> </div>For contractual arrangements executed in subsequent<div style="display:inline-block;width:1.93px"> </div>periods involving a new leased </div><div id="a41535" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">asset class, the company will determine at<div style="display:inline-block;width:2.17px"> </div>contract inception whether it will apply the<div style="display:inline-block;width:2.07px"> </div>optional practical </div><div id="a41536" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">expedient to the new leased asset class.<div style="display:inline-block;width:5.85px"> </div></div><div id="a41538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;"> </div><div id="a41539" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">Leases are evaluated for classification as operating<div style="display:inline-block;width:2px"> </div>or finance leases at the commencement date of the<div style="display:inline-block;width:2.17px"> </div>lease </div><div id="a41541" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">and right-of-use assets and corresponding liabilities<div style="display:inline-block;width:1.79px"> </div>are recognized on our consolidated balance sheet<div style="display:inline-block;width:2.08px"> </div>based on </div><div id="a41546" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">the present value of future lease payments relating<div style="display:inline-block;width:2px"> </div>to the use of the underlying asset during the<div style="display:inline-block;width:2.14px"> </div>lease term.<div style="display:inline-block;width:3.28px"> </div></div><div id="a41548" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">Future lease payments include variable lease payments<div style="display:inline-block;width:1.85px"> </div>that depend upon an index or rate using<div style="display:inline-block;width:2.16px"> </div>the index or </div><div id="a41549" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">rate at the commencement date and probable<div style="display:inline-block;width:2.16px"> </div>amounts owed under residual value guarantees.<div style="display:inline-block;width:5.51px"> </div>The amount of </div><div id="a41550" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">future lease payments may be increased to include<div style="display:inline-block;width:2.03px"> </div>additional payments related to lease extension, termination, </div><div id="a41553" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">and/or purchase options when the company has<div style="display:inline-block;width:2.13px"> </div>determined, at or subsequent to lease commencement, </div><div id="a41554" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">generally due to limited asset availability<div style="display:inline-block;width:2.06px"> </div>or operating commitments, it is reasonably<div style="display:inline-block;width:2.17px"> </div>certain of exercising such </div><div id="a41556" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">options.<div style="display:inline-block;width:6.86px"> </div>We use our incremental borrowing rate as the discount rate in determining the<div style="display:inline-block;width:2.15px"> </div>present value of future </div><div id="a41557" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;">lease payments, unless the interest rate<div style="display:inline-block;width:2.16px"> </div>implicit in the lease arrangement is readily determinable.<div style="display:inline-block;width:5.33px"> </div>Lease </div><div id="a41558" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">payments that vary subsequent to the commencement<div style="display:inline-block;width:1.96px"> </div>date based on future usage levels, the nature<div style="display:inline-block;width:2.07px"> </div>of leased </div><div id="a41560" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">asset activities, or certain other contingencies are<div style="display:inline-block;width:2px"> </div>not included in the measurement of lease<div style="display:inline-block;width:2.12px"> </div>right-of-use assets </div><div id="a41565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">and corresponding liabilities.<div style="display:inline-block;width:6.08px"> </div>We have elected not to record assets and liabilities on our consolidated balance </div><div id="a41567" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">sheet for lease arrangements with terms of 12 months<div style="display:inline-block;width:1.97px"> </div>or less.<div style="display:inline-block;width:6.89px"> </div></div><div id="a41569" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;"> </div><div id="a41570" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">We often enter into leasing arrangements acting in the capacity as operator for and/or<div style="display:inline-block;width:1.78px"> </div>on behalf of certain oil </div><div id="a41571" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">and gas joint ventures of undivided interests.<div style="display:inline-block;width:2.02px"> </div>If the lease arrangement can be legally enforced only<div style="display:inline-block;width:2.14px"> </div>against us </div><div id="a41573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">as operator and there is no separate arrangement to<div style="display:inline-block;width:2.16px"> </div>sublease the underlying leased asset<div style="display:inline-block;width:2.11px"> </div>to our coventurers, we </div><div id="a41574" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:466.8px;">recognize at lease commencement a right-of-use<div style="display:inline-block;width:2.12px"> </div>asset and corresponding lease liability on our<div style="display:inline-block;width:2.17px"> </div>consolidated </div><div id="a41581" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483px;">balance sheet on a gross basis.<div style="display:inline-block;width:6.02px"> </div>While we record lease costs on a gross basis in<div style="display:inline-block;width:2.16px"> </div>our consolidated income </div><div id="a41582" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:499.1px;">statement and statement of cash flows, such costs<div style="display:inline-block;width:2.08px"> </div>are offset by the reimbursement we receive from our </div><div id="a41584" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:515.1px;">coventurers for their share of the lease cost as the underlying<div style="display:inline-block;width:1.68px"> </div>leased asset is utilized in joint venture activities.<div style="display:inline-block;width:1.94px"> </div></div><div id="a41585" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:531.3px;">As a result, lease cost is presented in our consolidated<div style="display:inline-block;width:2.02px"> </div>income statement and statement of cash flows<div style="display:inline-block;width:1.96px"> </div>on a </div><div id="a41586" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:547.5px;">proportional basis.<div style="display:inline-block;width:6.55px"> </div>If we are a nonoperating coventurer, we recognize a right-of-use<div style="display:inline-block;width:2.02px"> </div>asset and corresponding </div><div id="a41592" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:563.5px;">lease liability only if we were a specified contractual<div style="display:inline-block;width:1.92px"> </div>party to the lease arrangement and the arrangement<div style="display:inline-block;width:1.97px"> </div>could </div><div id="a41593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:579.6px;">be legally enforced against us.<div style="display:inline-block;width:6.11px"> </div>In this circumstance, we would recognize both<div style="display:inline-block;width:2.16px"> </div>the right-of-use asset and </div><div id="a41599" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:595.6px;">corresponding lease liability on our consolidated<div style="display:inline-block;width:2.06px"> </div>balance sheet on a proportional basis<div style="display:inline-block;width:2.15px"> </div>consistent with our </div><div id="a41600" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:611.8px;">undivided interest ownership in the related joint<div style="display:inline-block;width:2.04px"> </div>venture.<div style="display:inline-block;width:6.77px"> </div></div><div id="a41602" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:627.9px;"> </div><div id="a41603" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:643.9px;">The company has historically recorded certain<div style="display:inline-block;width:2.15px"> </div>finance leases executed by investee companies<div style="display:inline-block;width:2.02px"> </div>accounted for </div><div id="a41605" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:660.1px;">under the proportionate consolidation method of<div style="display:inline-block;width:2.18px"> </div>accounting on its consolidated balance sheet<div style="display:inline-block;width:2.16px"> </div>on a proportional </div><div id="a41606" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:676.3px;">basis consistent with its ownership interest<div style="display:inline-block;width:2.05px"> </div>in the investee company.<div style="display:inline-block;width:7.4px"> </div>In addition, the company has historically </div><div id="a41609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:692.3px;">recorded finance lease assets and liabilities<div style="display:inline-block;width:2.01px"> </div>associated with certain oil and gas joint ventures<div style="display:inline-block;width:2.05px"> </div>on a proportional </div><div id="a41610" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:708.5px;">basis pursuant to accounting guidance applicable<div style="display:inline-block;width:2.11px"> </div>prior to January 1, 2019.<div style="display:inline-block;width:6.21px"> </div>In accordance with the transition </div><div id="a41613" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:724.5px;">provisions of ASC Topic 842, and since we have elected to adopt the package<div style="display:inline-block;width:2.12px"> </div>of optional transition-related </div><div id="a41616" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:740.6px;">practical expedients, the historical accounting treatment<div style="display:inline-block;width:1.84px"> </div>for these leases has been carried forward<div style="display:inline-block;width:2.12px"> </div>and is subject </div><div id="a41617" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:756.8px;">to reconsideration upon the modification or<div style="display:inline-block;width:2.18px"> </div>other required reassessment of the arrangements<div style="display:inline-block;width:1.89px"> </div>prior to lease term </div><div id="a41619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:772.8px;">expiration.</div></div><div id="TextBlockContainer738" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:626px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_736_XBRL_TS_71c8068dc734452584da8b2586b9203c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer737" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:626px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes<div style="display:inline-block;width:2.54px"> </div>the right-of-use assets and lease liabilities<div style="display:inline-block;width:1.97px"> </div>for both the operating and finance </div><div id="a41637" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">leases on our consolidated balance sheet as of December<div style="display:inline-block;width:1.79px"> </div>31:</div></div></div></div><div id="TextBlockContainer742" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:340px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_740_XBRL_TS_23aa7e6e00ca45c98ad93aaf8c2f051e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer741" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:340px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41642" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:420.755px;top:0px;">Millions of Dollars </div><div id="a41645" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:375.955px;top:19.8px;">2020 </div><div id="a41648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.035px;top:19.8px;">2019 </div><div id="a41652" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.808px;top:40.5px;">Operating </div><div id="a41653" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:335.928px;top:56.5px;">Leases </div><div id="a41656" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:414.835px;top:40.5px;">Finance </div><div id="a41657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.035px;top:56.5px;">Leases </div><div id="a41660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.795px;top:40.5px;">Operating </div><div id="a41661" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.915px;top:56.5px;">Leases </div><div id="a41664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:571.835px;top:40.5px;">Finance </div><div id="a41665" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:575.035px;top:56.5px;">Leases </div><div id="a41676" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:91.4px;">Right-of-Use Assets </div><div id="a41690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.3px;">Properties, plants and equipment </div><div id="a41700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:127.4px;">Gross </div><div id="a41702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:127.4px;">$ </div><div id="a41706" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:433.875px;top:127.4px;">1,375</div><div id="a41711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:590.875px;top:127.4px;">1,039</div><div id="a41713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:145.3px;">Accumulated DD&amp;A </div><div id="a41718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:438.995px;top:145.3px;display:flex;">(721)</div><div id="a41723" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.995px;top:145.3px;display:flex;">(649)</div><div id="a41725" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:167.4px;">Net PP&amp;E</div><div id="a41726" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:63.568px;top:167.1px;">*</div><div id="a41731" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:167.4px;">654</div><div id="a41736" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:167.4px;">390</div><div id="a41738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:185.3px;">Prepaid expenses and other current assets </div><div id="a41740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:185.3px;">$ </div><div id="a41742" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:378.675px;top:185.3px;">-</div><div id="a41747" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:526.235px;top:185.3px;">40</div><div id="a41751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:203.4px;">Other assets </div><div id="a41754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.355px;top:203.4px;">783</div><div id="a41759" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.355px;top:203.4px;">896</div><div id="a41772" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:229.3px;">Lease Liabilities </div><div id="a41782" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:248.7px;">Short-term debt</div><div id="a41785" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:110.928px;top:245.7px;">**</div><div id="a41787" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:249.3px;">$ </div><div id="a41791" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:249.3px;">168</div><div id="a41796" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:249.3px;">87</div><div id="a41798" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:267.4px;">Other accruals </div><div id="a41801" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:366.355px;top:267.4px;">226</div><div id="a41806" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:267.4px;">347</div><div id="a41810" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:286.8px;">Long-term debt</div><div id="a41813" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:110.128px;top:283.7px;">***</div><div id="a41818" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:287.4px;">723</div><div id="a41823" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:287.4px;">633</div><div id="a41825" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:305.3px;">Other liabilities and deferred credits </div><div id="a41828" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:366.355px;top:305.3px;">559</div><div id="a41833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:305.3px;">585</div><div id="a41837" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:323.4px;">Total lease liabilities </div><div id="a41839" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:323.4px;">$ </div><div id="a41841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:366.355px;top:323.4px;">785</div><div id="a41844" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:448.435px;top:323.4px;">891</div><div id="a41847" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:323.4px;">932</div><div id="a41850" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.435px;top:323.4px;">720</div></div></div></div><div id="TextBlockContainer746" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:626px;height:50px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_744_XBRL_TS_a69689caea0b43c4911fac4c838724dc" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer745" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:626px;height:50px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41852_4_66" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:14.293px;top:0px;">*<div style="display:inline-block;width:5.36px"> </div>Includes proportionately consolidated finance lease assets of $</div><div id="a41852_70_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:293.848px;top:0px;">258</div><div id="a41852_73_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:309.848px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million at December 31, 2020 and $</div><div id="a41852_108_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:466.835px;top:0px;">335</div><div id="a41852_111_32" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:482.835px;top:0px;"><div style="display:inline-block;width:2.56px"> </div>million at December 31, 2019.<div style="display:inline-block;width:1.96px"> </div></div><div id="a41870" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.2px;"><div style="display:inline-block;width:5.44px"> </div>** Includes proportionately consolidated finance lease liabilities of<div style="display:inline-block;width:1.31px"> </div>$</div><div id="a41870_73_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:305.848px;top:12.2px;">97</div><div id="a41870_75_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:316.568px;top:12.2px;"><div style="display:inline-block;width:2.72px"> </div>million at December 31, 2020 and $</div><div id="a41870_110_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:473.395px;top:12.2px;">56</div><div id="a41870_112_31" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:484.115px;top:12.2px;"><div style="display:inline-block;width:2.56px"> </div>million at December 31, 2019. </div><div id="a41885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:24.5px;">*** Includes proportionately consolidated finance lease liabilities of $</div><div id="a41885_72_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:305.848px;top:24.5px;">522</div><div id="a41885_75_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:321.848px;top:24.5px;"><div style="display:inline-block;width:2.56px"> </div>million at December 31, 2020 and $</div><div id="a41885_110_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:478.835px;top:24.5px;">579</div><div id="a41885_113_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:494.835px;top:24.5px;"><div style="display:inline-block;width:2.72px"> </div>million at December 31,<div style="display:inline-block;width:12.76px"> </div></div><div id="a41901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:36.6px;"><div style="display:inline-block;width:16px"> </div>2019.</div></div></div></div><div id="TextBlockContainer750" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_748_XBRL_TS_5078978527cd4a49a3c4a9497a0e74db" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer749" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41905" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes our lease costs<div style="display:inline-block;width:2px"> </div>for 2020 and 2019: </div><div id="a41908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.955px;top:16px;">Millions of Dollars </div><div id="a41912" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:489.715px;top:37.8px;">2020 </div><div id="a41915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:37.8px;">2019 </div><div id="a41917" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:58.7px;">Lease Cost</div><div id="a41918" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:bold;font-style:normal;left:69.808px;top:58.5px;">*</div><div id="a41925" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:76.8px;">Operating lease cost </div><div id="a41927" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.715px;top:76.8px;">$ </div><div id="a41929" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.755px;top:76.8px;">321</div><div id="a41933" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:76.8px;">341</div><div id="a41935" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:94.7px;">Finance lease cost </div><div id="a41942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:112.8px;">Amortization of right-of-use assets </div><div id="a41949" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.755px;top:112.8px;">163</div><div id="a41953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:112.8px;">99</div><div id="a41955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:130.7px;">Interest on lease liabilities </div><div id="a41958" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.635px;top:130.7px;">34</div><div id="a41962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:130.7px;">37</div><div id="a41964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:149.3px;">Short-term lease cost</div><div id="a41967" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:122.928px;top:149px;">**</div><div id="a41970" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.635px;top:149.3px;">42</div><div id="a41974" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:149.3px;">77</div><div id="a41976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:167.9px;">Total lease cost</div><div id="a41977" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:91.888px;top:167.6px;">***</div><div id="a41979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.715px;top:167.9px;">$ </div><div id="a41981" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.755px;top:167.9px;">560</div><div id="a41985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:167.9px;">554</div></div></div></div><div id="TextBlockContainer754" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:625px;height:37px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_752_XBRL_TS_0b0f9a17119b44da90c3aca46607cbb6" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer753" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:625px;height:37px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41987_4_139" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:14.293px;top:0px;">* The amounts presented in the table above have not been adjusted to reflect amounts recovered or reimbursed from oil and gas coventurers. </div><div id="a41993" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.2px;"><div style="display:inline-block;width:5.44px"> </div>** Short-term leases are not recorded on our consolidated balance sheet. </div><div id="a42000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:24.5px;">*** Variable lease cost and sublease income are immaterial for the periods presented and therefore are not included in the table above</div></div></div><div id="a42000_134_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:583.515px;top:24.5px;">.</div></div><div id="TextBlockContainer758" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:466px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_756_XBRL_TS_31a218d63a454a40a00d5b3eaf99ae05" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer757" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:466px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the lease terms<div style="display:inline-block;width:2.04px"> </div>and discount rates as of December 31: </div><div id="a42022" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.995px;top:26.9px;">2020 </div><div id="a42025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:26.9px;">2019 </div><div id="a42027" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:45px;">Lease Term and Discount Rate </div><div id="a42033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.9px;">Weighted-average term (years) </div><div id="a42041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:81px;">Operating leases </div><div id="a42044" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:502.515px;top:81px;">6.11</div><div id="a42047" style="position:absolute;font-family:'Times New Roman';left:605.275px;top:81px;">5.19</div><div id="a42049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:98.9px;">Finance leases </div><div id="a42052" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:502.515px;top:98.9px;">7.12</div><div id="a42055" style="position:absolute;font-family:'Times New Roman';left:605.275px;top:98.9px;">8.70</div><div id="a42062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:134.9px;">Weighted-average discount rate (percent) </div><div id="a42071" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:153.5px;">Operating leases </div><div id="a42074" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.515px;top:153.5px;">2.78</div><div id="a42077" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.275px;top:153.5px;">3.10</div><div id="a42079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:171.5px;">Finance leases </div><div id="a42082" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.515px;top:171.5px;">4.27</div><div id="a42085" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.275px;top:171.5px;">5.53</div><div id="a42097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.6px;">The following table summarizes other lease information<div style="display:inline-block;width:1.84px"> </div>for 2020 and 2019: </div><div id="a42106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:479.155px;top:254.8px;">Millions of Dollars </div><div id="a42110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.995px;top:273.3px;">2020 </div><div id="a42113" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:273.3px;">2019 </div><div id="a42115" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:291.9px;">Other Information</div><div id="a42116" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:bold;font-style:normal;left:117.168px;top:291.6px;">*</div><div id="a42122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:309.8px;">Cash paid for amounts included in the measurement<div style="display:inline-block;width:2.01px"> </div>of lease liabilities </div><div id="a42129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:327.9px;">Operating cash flows from operating leases </div><div id="a42131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:416.755px;top:327.9px;">$ </div><div id="a42133" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:327.9px;">232</div><div id="a42136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:327.9px;">203</div><div id="a42138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:347.9px;">Operating cash flows from finance leases </div><div id="a42141" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:512.915px;top:347.9px;">11</div><div id="a42144" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:347.9px;">27</div><div id="a42146" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:367.9px;">Financing cash flows from finance leases </div><div id="a42149" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:367.9px;">255</div><div id="a42152" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:367.9px;">81</div><div id="a42159" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:393.8px;">Right-of-use assets obtained in exchange for<div style="display:inline-block;width:2.17px"> </div>operating lease liabilities </div><div id="a42166" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:416.755px;top:393.8px;">$ </div><div id="a42168" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:393.8px;">250</div><div id="a42171" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:393.8px;">499</div><div id="a42173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:411.9px;">Right-of-use assets obtained in exchange for<div style="display:inline-block;width:2.17px"> </div>finance lease liabilities </div><div id="a42180" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:411.9px;">426</div><div id="a42183" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:411.9px;">26</div><div id="a42185" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:428.6px;">*The amounts presented in the table above have not been adjusted to reflect amounts recovered or reimbursed from oil and gas coventurers.<div style="display:inline-block;width:5.12px"> </div>In </div><div id="a42187" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:440.9px;">addition, pursuant to other applicable accounting guidance, lease<div style="display:inline-block;width:1.17px"> </div>payments made in connection with preparing another asset for its intended use </div><div id="a42189" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:453.2px;">are reported in the "Cash Flows From Investing Activities" section of our consolidated statement of cash flows.</div></div></div></div><div id="TextBlockContainer765" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:332px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_761_XBRL_TS_9ddd6a81e46b46e2bc8109b459d16320" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer764" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:332px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42194" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes future lease<div style="display:inline-block;width:2.19px"> </div>payments for operating and finance leases<div style="display:inline-block;width:2.03px"> </div>at December 31, 2020: </div><div id="a42203" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.035px;top:34.1px;">Millions of Dollars </div><div id="a42207" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:469.715px;top:56.5px;">Operating </div><div id="a42209" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.635px;top:72.6px;">Leases </div><div id="a42212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:585.435px;top:56.5px;">Finance </div><div id="a42214" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:72.6px;"><div style="display:inline-block;width:3.52px"> </div>Leases </div><div id="a42217" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:90.6px;">Maturity of Lease Liabilities </div><div id="a42223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:108.6px;">2021 </div><div id="a42225" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.715px;top:108.6px;">$ </div><div id="a42227" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:108.6px;">245</div><div id="a42230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:108.6px;">213</div><div id="a42232" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:126.6px;">2022 </div><div id="a42235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:126.6px;">155</div><div id="a42238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:126.6px;">162</div><div id="a42240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.6px;">2023 </div><div id="a42243" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:144.6px;">116</div><div id="a42246" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:144.6px;">148</div><div id="a42248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:162.6px;">2024 </div><div id="a42251" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:162.6px;">94</div><div id="a42254" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:162.6px;">113</div><div id="a42256" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180.7px;">2025 </div><div id="a42259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:180.7px;">55</div><div id="a42262" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:180.7px;">87</div><div id="a42264" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:198.6px;">Remaining years </div><div id="a42267" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:198.6px;">200</div><div id="a42270" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:198.6px;">320</div><div id="a42272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:218px;">Total</div><div id="a42273" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:34.293px;top:217.7px;">*</div><div id="a42276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:218px;">865</div><div id="a42279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:218px;">1,043</div><div id="a42281" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:235.9px;">Less: portion representing imputed interest </div><div id="a42284" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.355px;top:235.9px;display:flex;">(80)</div><div id="a42287" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:235.9px;display:flex;">(152)</div><div id="a42289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:254px;">Total lease liabilities </div><div id="a42291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.715px;top:254px;">$ </div><div id="a42293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:254px;">785</div><div id="a42296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:254px;">891</div><div id="div_762_XBRL_FS_846fb4603d034c07ad3a1b10d893857a" style="position:absolute;left:1.12px;top:270.6px;float:left;"><div id="TextBlockContainer763" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:622px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42298" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Future lease payments for operating and finance leases commencing on or<div style="display:inline-block;width:1.33px"> </div>after January 1, 2019, also include payments related to non-lease </div><div id="a42302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;">components in accordance with our election to adopt the optional practical<div style="display:inline-block;width:1.31px"> </div>expedient not to separate lease components apart from non-lease </div><div id="a42306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:24.6px;">components for accounting purposes.<div style="display:inline-block;width:4.61px"> </div>In addition, future payments related to operating and finance leases proportionately consolidated by the </div><div id="a42308" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:36.8px;">company have been included in the table on a proportionate basis consistent<div style="display:inline-block;width:1.21px"> </div>with our respective ownership interest in the underlying investee </div><div id="a42311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:49.1px;">company or oil and gas venture.</div></div></div></div></div></div><div id="TextBlockContainer770" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:124px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_768_XBRL_TS_8ca2c96742b8481bbdf378a51127b6ad" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer769" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:124px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42320" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">For the year ended December 31, 2018 operating<div style="display:inline-block;width:2.06px"> </div>lease rental expense pursuant to ASC Topic 840 was: </div><div id="a42327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:509.075px;top:38.1px;">Millions of Dollars </div><div id="a42332" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:67px;">Total rentals </div><div id="a42334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.795px;top:67px;">$ </div><div id="a42336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.955px;top:67px;">253</div><div id="a42338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:85px;">Less: sublease rentals </div><div id="a42341" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:85px;display:flex;">(16)</div><div id="a42344" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.795px;top:106.7px;">$ </div><div id="a42346" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:106.7px;">237</div></div></div></div> true true <div id="TextBlockContainer737" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:626px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes<div style="display:inline-block;width:2.54px"> </div>the right-of-use assets and lease liabilities<div style="display:inline-block;width:1.97px"> </div>for both the operating and finance </div><div id="a41637" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">leases on our consolidated balance sheet as of December<div style="display:inline-block;width:1.79px"> </div>31:</div></div><div id="TextBlockContainer741" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:340px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41642" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:420.755px;top:0px;">Millions of Dollars </div><div id="a41645" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:375.955px;top:19.8px;">2020 </div><div id="a41648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.035px;top:19.8px;">2019 </div><div id="a41652" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:326.808px;top:40.5px;">Operating </div><div id="a41653" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:335.928px;top:56.5px;">Leases </div><div id="a41656" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:414.835px;top:40.5px;">Finance </div><div id="a41657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.035px;top:56.5px;">Leases </div><div id="a41660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.795px;top:40.5px;">Operating </div><div id="a41661" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.915px;top:56.5px;">Leases </div><div id="a41664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:571.835px;top:40.5px;">Finance </div><div id="a41665" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:575.035px;top:56.5px;">Leases </div><div id="a41676" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:91.4px;">Right-of-Use Assets </div><div id="a41690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.3px;">Properties, plants and equipment </div><div id="a41700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:127.4px;">Gross </div><div id="a41702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:127.4px;">$ </div><div id="a41706" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:433.875px;top:127.4px;">1,375</div><div id="a41711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:590.875px;top:127.4px;">1,039</div><div id="a41713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:145.3px;">Accumulated DD&amp;A </div><div id="a41718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:438.995px;top:145.3px;display:flex;">(721)</div><div id="a41723" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.995px;top:145.3px;display:flex;">(649)</div><div id="a41725" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:167.4px;">Net PP&amp;E</div><div id="a41726" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:63.568px;top:167.1px;">*</div><div id="a41731" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:167.4px;">654</div><div id="a41736" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:167.4px;">390</div><div id="a41738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:185.3px;">Prepaid expenses and other current assets </div><div id="a41740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:185.3px;">$ </div><div id="a41742" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:378.675px;top:185.3px;">-</div><div id="a41747" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:526.235px;top:185.3px;">40</div><div id="a41751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:203.4px;">Other assets </div><div id="a41754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.355px;top:203.4px;">783</div><div id="a41759" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.355px;top:203.4px;">896</div><div id="a41772" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:229.3px;">Lease Liabilities </div><div id="a41782" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:248.7px;">Short-term debt</div><div id="a41785" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:110.928px;top:245.7px;">**</div><div id="a41787" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:249.3px;">$ </div><div id="a41791" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:249.3px;">168</div><div id="a41796" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:249.3px;">87</div><div id="a41798" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:267.4px;">Other accruals </div><div id="a41801" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:366.355px;top:267.4px;">226</div><div id="a41806" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:267.4px;">347</div><div id="a41810" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:286.8px;">Long-term debt</div><div id="a41813" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:normal;left:110.128px;top:283.7px;">***</div><div id="a41818" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:287.4px;">723</div><div id="a41823" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:287.4px;">633</div><div id="a41825" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.613px;top:305.3px;">Other liabilities and deferred credits </div><div id="a41828" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:366.355px;top:305.3px;">559</div><div id="a41833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:305.3px;">585</div><div id="a41837" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:323.4px;">Total lease liabilities </div><div id="a41839" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.648px;top:323.4px;">$ </div><div id="a41841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:366.355px;top:323.4px;">785</div><div id="a41844" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:448.435px;top:323.4px;">891</div><div id="a41847" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:323.4px;">932</div><div id="a41850" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.435px;top:323.4px;">720</div></div><div id="TextBlockContainer745" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:626px;height:50px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41852_4_66" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:14.293px;top:0px;">*<div style="display:inline-block;width:5.36px"> </div>Includes proportionately consolidated finance lease assets of $</div><div id="a41852_70_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:293.848px;top:0px;">258</div><div id="a41852_73_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:309.848px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million at December 31, 2020 and $</div><div id="a41852_108_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:466.835px;top:0px;">335</div><div id="a41852_111_32" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:482.835px;top:0px;"><div style="display:inline-block;width:2.56px"> </div>million at December 31, 2019.<div style="display:inline-block;width:1.96px"> </div></div><div id="a41870" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.2px;"><div style="display:inline-block;width:5.44px"> </div>** Includes proportionately consolidated finance lease liabilities of<div style="display:inline-block;width:1.31px"> </div>$</div><div id="a41870_73_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:305.848px;top:12.2px;">97</div><div id="a41870_75_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:316.568px;top:12.2px;"><div style="display:inline-block;width:2.72px"> </div>million at December 31, 2020 and $</div><div id="a41870_110_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:473.395px;top:12.2px;">56</div><div id="a41870_112_31" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:484.115px;top:12.2px;"><div style="display:inline-block;width:2.56px"> </div>million at December 31, 2019. </div><div id="a41885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:24.5px;">*** Includes proportionately consolidated finance lease liabilities of $</div><div id="a41885_72_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:305.848px;top:24.5px;">522</div><div id="a41885_75_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:321.848px;top:24.5px;"><div style="display:inline-block;width:2.56px"> </div>million at December 31, 2020 and $</div><div id="a41885_110_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:478.835px;top:24.5px;">579</div><div id="a41885_113_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:494.835px;top:24.5px;"><div style="display:inline-block;width:2.72px"> </div>million at December 31,<div style="display:inline-block;width:12.76px"> </div></div><div id="a41901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:36.6px;"><div style="display:inline-block;width:16px"> </div>2019.</div></div> 1375000000 1039000000 721000000 649000000 654000000 390000000 0 40000000 783000000 896000000 168000000 87000000 226000000 347000000 723000000 633000000 559000000 585000000 785000000 891000000 932000000 720000000 258000000 335000000 97000000 56000000 522000000 579000000 <div id="TextBlockContainer749" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41905" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes our lease costs<div style="display:inline-block;width:2px"> </div>for 2020 and 2019: </div><div id="a41908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.955px;top:16px;">Millions of Dollars </div><div id="a41912" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:489.715px;top:37.8px;">2020 </div><div id="a41915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:37.8px;">2019 </div><div id="a41917" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:58.7px;">Lease Cost</div><div id="a41918" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:bold;font-style:normal;left:69.808px;top:58.5px;">*</div><div id="a41925" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:76.8px;">Operating lease cost </div><div id="a41927" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.715px;top:76.8px;">$ </div><div id="a41929" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.755px;top:76.8px;">321</div><div id="a41933" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:76.8px;">341</div><div id="a41935" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:94.7px;">Finance lease cost </div><div id="a41942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:112.8px;">Amortization of right-of-use assets </div><div id="a41949" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.755px;top:112.8px;">163</div><div id="a41953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:112.8px;">99</div><div id="a41955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:130.7px;">Interest on lease liabilities </div><div id="a41958" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.635px;top:130.7px;">34</div><div id="a41962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:130.7px;">37</div><div id="a41964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:149.3px;">Short-term lease cost</div><div id="a41967" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:122.928px;top:149px;">**</div><div id="a41970" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.635px;top:149.3px;">42</div><div id="a41974" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:149.3px;">77</div><div id="a41976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:167.9px;">Total lease cost</div><div id="a41977" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:91.888px;top:167.6px;">***</div><div id="a41979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.715px;top:167.9px;">$ </div><div id="a41981" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.755px;top:167.9px;">560</div><div id="a41985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:167.9px;">554</div></div><div id="TextBlockContainer753" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:625px;height:37px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a41987_4_139" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:14.293px;top:0px;">* The amounts presented in the table above have not been adjusted to reflect amounts recovered or reimbursed from oil and gas coventurers. </div><div id="a41993" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.2px;"><div style="display:inline-block;width:5.44px"> </div>** Short-term leases are not recorded on our consolidated balance sheet. </div><div id="a42000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:24.5px;">*** Variable lease cost and sublease income are immaterial for the periods presented and therefore are not included in the table above</div></div><div id="TextBlockContainer757" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:466px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes the lease terms<div style="display:inline-block;width:2.04px"> </div>and discount rates as of December 31: </div><div id="a42022" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.995px;top:26.9px;">2020 </div><div id="a42025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:26.9px;">2019 </div><div id="a42027" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:45px;">Lease Term and Discount Rate </div><div id="a42033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.9px;">Weighted-average term (years) </div><div id="a42041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:81px;">Operating leases </div><div id="a42044" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:502.515px;top:81px;">6.11</div><div id="a42047" style="position:absolute;font-family:'Times New Roman';left:605.275px;top:81px;">5.19</div><div id="a42049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:98.9px;">Finance leases </div><div id="a42052" style="position:absolute;font-family:'Times New Roman';font-weight:bold;left:502.515px;top:98.9px;">7.12</div><div id="a42055" style="position:absolute;font-family:'Times New Roman';left:605.275px;top:98.9px;">8.70</div><div id="a42062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:134.9px;">Weighted-average discount rate (percent) </div><div id="a42071" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:153.5px;">Operating leases </div><div id="a42074" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.515px;top:153.5px;">2.78</div><div id="a42077" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.275px;top:153.5px;">3.10</div><div id="a42079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:171.5px;">Finance leases </div><div id="a42082" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:502.515px;top:171.5px;">4.27</div><div id="a42085" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.275px;top:171.5px;">5.53</div><div id="a42097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.6px;">The following table summarizes other lease information<div style="display:inline-block;width:1.84px"> </div>for 2020 and 2019: </div><div id="a42106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:479.155px;top:254.8px;">Millions of Dollars </div><div id="a42110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.995px;top:273.3px;">2020 </div><div id="a42113" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:273.3px;">2019 </div><div id="a42115" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:291.9px;">Other Information</div><div id="a42116" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:bold;font-style:normal;left:117.168px;top:291.6px;">*</div><div id="a42122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:309.8px;">Cash paid for amounts included in the measurement<div style="display:inline-block;width:2.01px"> </div>of lease liabilities </div><div id="a42129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:327.9px;">Operating cash flows from operating leases </div><div id="a42131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:416.755px;top:327.9px;">$ </div><div id="a42133" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:327.9px;">232</div><div id="a42136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:327.9px;">203</div><div id="a42138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:347.9px;">Operating cash flows from finance leases </div><div id="a42141" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:512.915px;top:347.9px;">11</div><div id="a42144" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:347.9px;">27</div><div id="a42146" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:22.773px;top:367.9px;">Financing cash flows from finance leases </div><div id="a42149" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:367.9px;">255</div><div id="a42152" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:367.9px;">81</div><div id="a42159" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:393.8px;">Right-of-use assets obtained in exchange for<div style="display:inline-block;width:2.17px"> </div>operating lease liabilities </div><div id="a42166" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:416.755px;top:393.8px;">$ </div><div id="a42168" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:393.8px;">250</div><div id="a42171" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.795px;top:393.8px;">499</div><div id="a42173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:411.9px;">Right-of-use assets obtained in exchange for<div style="display:inline-block;width:2.17px"> </div>finance lease liabilities </div><div id="a42180" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.035px;top:411.9px;">426</div><div id="a42183" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.675px;top:411.9px;">26</div><div id="a42185" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:428.6px;">*The amounts presented in the table above have not been adjusted to reflect amounts recovered or reimbursed from oil and gas coventurers.<div style="display:inline-block;width:5.12px"> </div>In </div><div id="a42187" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:440.9px;">addition, pursuant to other applicable accounting guidance, lease<div style="display:inline-block;width:1.17px"> </div>payments made in connection with preparing another asset for its intended use </div><div id="a42189" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:453.2px;">are reported in the "Cash Flows From Investing Activities" section of our consolidated statement of cash flows.</div></div> 321000000 341000000 163000000 99000000 34000000 37000000 42000000 77000000 560000000 554000000 P6Y1M9D P5Y2M8D P7Y1M13D P8Y8M12D 0.0278 0.0310 0.0427 0.0553 232000000 203000000 11000000 27000000 255000000 81000000 250000000 499000000 426000000 26000000 <div id="TextBlockContainer766" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:332px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_760_XBRL_TS_a5832c2bcf09496bbf34698c892b65ee" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer765" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:332px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_761_XBRL_TS_9ddd6a81e46b46e2bc8109b459d16320" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer764" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:332px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42194" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes future lease<div style="display:inline-block;width:2.19px"> </div>payments for operating and finance leases<div style="display:inline-block;width:2.03px"> </div>at December 31, 2020: </div><div id="a42203" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.035px;top:34.1px;">Millions of Dollars </div><div id="a42207" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:469.715px;top:56.5px;">Operating </div><div id="a42209" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.635px;top:72.6px;">Leases </div><div id="a42212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:585.435px;top:56.5px;">Finance </div><div id="a42214" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:72.6px;"><div style="display:inline-block;width:3.52px"> </div>Leases </div><div id="a42217" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:90.6px;">Maturity of Lease Liabilities </div><div id="a42223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:108.6px;">2021 </div><div id="a42225" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.715px;top:108.6px;">$ </div><div id="a42227" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:108.6px;">245</div><div id="a42230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:108.6px;">213</div><div id="a42232" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:126.6px;">2022 </div><div id="a42235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:126.6px;">155</div><div id="a42238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:126.6px;">162</div><div id="a42240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.6px;">2023 </div><div id="a42243" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:144.6px;">116</div><div id="a42246" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:144.6px;">148</div><div id="a42248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:162.6px;">2024 </div><div id="a42251" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:162.6px;">94</div><div id="a42254" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:162.6px;">113</div><div id="a42256" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180.7px;">2025 </div><div id="a42259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:180.7px;">55</div><div id="a42262" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:180.7px;">87</div><div id="a42264" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:198.6px;">Remaining years </div><div id="a42267" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:198.6px;">200</div><div id="a42270" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:198.6px;">320</div><div id="a42272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:218px;">Total</div><div id="a42273" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:34.293px;top:217.7px;">*</div><div id="a42276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:218px;">865</div><div id="a42279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:218px;">1,043</div><div id="a42281" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:235.9px;">Less: portion representing imputed interest </div><div id="a42284" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.355px;top:235.9px;display:flex;">(80)</div><div id="a42287" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:235.9px;display:flex;">(152)</div><div id="a42289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:254px;">Total lease liabilities </div><div id="a42291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.715px;top:254px;">$ </div><div id="a42293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:254px;">785</div><div id="a42296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:254px;">891</div><div id="div_762_XBRL_FS_846fb4603d034c07ad3a1b10d893857a" style="position:absolute;left:1.12px;top:270.6px;float:left;"><div id="TextBlockContainer763" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:622px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42298" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Future lease payments for operating and finance leases commencing on or<div style="display:inline-block;width:1.33px"> </div>after January 1, 2019, also include payments related to non-lease </div><div id="a42302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;">components in accordance with our election to adopt the optional practical<div style="display:inline-block;width:1.31px"> </div>expedient not to separate lease components apart from non-lease </div><div id="a42306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:24.6px;">components for accounting purposes.<div style="display:inline-block;width:4.61px"> </div>In addition, future payments related to operating and finance leases proportionately consolidated by the </div><div id="a42308" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:36.8px;">company have been included in the table on a proportionate basis consistent<div style="display:inline-block;width:1.21px"> </div>with our respective ownership interest in the underlying investee </div><div id="a42311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:49.1px;">company or oil and gas venture.</div></div></div></div></div></div></div></div> <div id="TextBlockContainer764" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:332px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42194" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes future lease<div style="display:inline-block;width:2.19px"> </div>payments for operating and finance leases<div style="display:inline-block;width:2.03px"> </div>at December 31, 2020: </div><div id="a42203" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.035px;top:34.1px;">Millions of Dollars </div><div id="a42207" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:469.715px;top:56.5px;">Operating </div><div id="a42209" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.635px;top:72.6px;">Leases </div><div id="a42212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:585.435px;top:56.5px;">Finance </div><div id="a42214" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:72.6px;"><div style="display:inline-block;width:3.52px"> </div>Leases </div><div id="a42217" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:90.6px;">Maturity of Lease Liabilities </div><div id="a42223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:108.6px;">2021 </div><div id="a42225" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.715px;top:108.6px;">$ </div><div id="a42227" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:108.6px;">245</div><div id="a42230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:108.6px;">213</div><div id="a42232" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:126.6px;">2022 </div><div id="a42235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:126.6px;">155</div><div id="a42238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:126.6px;">162</div><div id="a42240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.6px;">2023 </div><div id="a42243" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:144.6px;">116</div><div id="a42246" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:144.6px;">148</div><div id="a42248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:162.6px;">2024 </div><div id="a42251" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:162.6px;">94</div><div id="a42254" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:162.6px;">113</div><div id="a42256" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180.7px;">2025 </div><div id="a42259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:507.635px;top:180.7px;">55</div><div id="a42262" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:180.7px;">87</div><div id="a42264" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:198.6px;">Remaining years </div><div id="a42267" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:198.6px;">200</div><div id="a42270" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:198.6px;">320</div><div id="a42272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:218px;">Total</div><div id="a42273" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:34.293px;top:217.7px;">*</div><div id="a42276" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:218px;">865</div><div id="a42279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:218px;">1,043</div><div id="a42281" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:235.9px;">Less: portion representing imputed interest </div><div id="a42284" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.355px;top:235.9px;display:flex;">(80)</div><div id="a42287" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:235.9px;display:flex;">(152)</div><div id="a42289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:254px;">Total lease liabilities </div><div id="a42291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.715px;top:254px;">$ </div><div id="a42293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.755px;top:254px;">785</div><div id="a42296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:254px;">891</div><div id="div_762_XBRL_FS_846fb4603d034c07ad3a1b10d893857a" style="position:absolute;left:1.12px;top:270.6px;float:left;"><div id="TextBlockContainer763" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:622px;height:62px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42298" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*Future lease payments for operating and finance leases commencing on or<div style="display:inline-block;width:1.33px"> </div>after January 1, 2019, also include payments related to non-lease </div><div id="a42302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;">components in accordance with our election to adopt the optional practical<div style="display:inline-block;width:1.31px"> </div>expedient not to separate lease components apart from non-lease </div><div id="a42306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:24.6px;">components for accounting purposes.<div style="display:inline-block;width:4.61px"> </div>In addition, future payments related to operating and finance leases proportionately consolidated by the </div><div id="a42308" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:36.8px;">company have been included in the table on a proportionate basis consistent<div style="display:inline-block;width:1.21px"> </div>with our respective ownership interest in the underlying investee </div><div id="a42311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:49.1px;">company or oil and gas venture.</div></div></div></div> 245000000 213000000 155000000 162000000 116000000 148000000 94000000 113000000 55000000 87000000 200000000 320000000 865000000 1043000000 80000000 152000000 785000000 891000000 <div id="TextBlockContainer769" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:124px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42320" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">For the year ended December 31, 2018 operating<div style="display:inline-block;width:2.06px"> </div>lease rental expense pursuant to ASC Topic 840 was: </div><div id="a42327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:509.075px;top:38.1px;">Millions of Dollars </div><div id="a42332" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:67px;">Total rentals </div><div id="a42334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.795px;top:67px;">$ </div><div id="a42336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.955px;top:67px;">253</div><div id="a42338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:85px;">Less: sublease rentals </div><div id="a42341" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:85px;display:flex;">(16)</div><div id="a42344" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.795px;top:106.7px;">$ </div><div id="a42346" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:106.7px;">237</div></div> 253000000 16000000 237000000 <div id="TextBlockContainer772" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:216px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42350" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 17—Employee Benefit Plans</div><div id="a42353" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:205.688px;top:0px;"> </div><div id="a42354" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="a42355" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:32.2px;">Pension and Postretirement Plans</div></div><div id="TextBlockContainer775" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:508px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">An analysis of the projected benefit obligations<div style="display:inline-block;width:2.13px"> </div>for our pension plans and accumulated benefit<div style="display:inline-block;width:2.01px"> </div>obligations for </div><div id="a42360" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">our postretirement health and life insurance plans<div style="display:inline-block;width:2.1px"> </div>follows: </div><div id="a42376" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:390.035px;top:45.9px;">Millions of Dollars </div><div id="a42379" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.328px;top:62.7px;">Pension Benefits </div><div id="a42382" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.355px;top:62.7px;">Other Benefits </div><div id="a42385" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:305.688px;top:79.5px;">2020 </div><div id="a42388" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:79.5px;">2019 </div><div id="a42391" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:79.5px;">2020 </div><div id="a42394" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:79.5px;">2019 </div><div id="a42397" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.808px;top:96.3px;">U.S. </div><div id="a42400" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:351.795px;top:96.3px;">Int’l. </div><div id="a42403" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:96.3px;">U.S. </div><div id="a42406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.035px;top:96.3px;">Int’l. </div><div id="a42412" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:113px;">Change in Benefit Obligation </div><div id="a42426" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.1px;">Benefit obligation at January 1 </div><div id="a42428" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:129.1px;">$ </div><div id="a42430" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:129.1px;">2,319</div><div id="a42433" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:129.1px;">3,880</div><div id="a42436" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:129.1px;">2,136</div><div id="a42439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:129.1px;">3,438</div><div id="a42442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:129.1px;">216</div><div id="a42445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:129.1px;">218</div><div id="a42447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.3px;">Service cost </div><div id="a42450" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.688px;top:145.3px;">85</div><div id="a42453" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.635px;top:145.3px;">54</div><div id="a42456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:425.715px;top:145.3px;">79</div><div id="a42459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.635px;top:145.3px;">69</div><div id="a42462" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:556.795px;top:145.3px;">2</div><div id="a42465" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:145.3px;">1</div><div id="a42467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.3px;">Interest cost </div><div id="a42470" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.688px;top:161.3px;">66</div><div id="a42473" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.635px;top:161.3px;">85</div><div id="a42476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:425.715px;top:161.3px;">79</div><div id="a42479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.635px;top:161.3px;">97</div><div id="a42482" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:556.795px;top:161.3px;">6</div><div id="a42485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:161.3px;">8</div><div id="a42487" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.4px;">Plan participant contributions </div><div id="a42490" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:177.4px;">-</div><div id="a42493" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:177.4px;">1</div><div id="a42496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:177.4px;">-</div><div id="a42499" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.675px;top:177.4px;">2</div><div id="a42502" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:549.755px;top:177.4px;">18</div><div id="a42505" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:177.4px;">20</div><div id="a42507" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.4px;">Plan amendments </div><div id="a42510" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:193.4px;">-</div><div id="a42513" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:193.4px;">2</div><div id="a42516" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:193.4px;">-</div><div id="a42519" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:497.075px;top:193.4px;">-</div><div id="a42522" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.475px;top:193.4px;display:flex;">(30)</div><div id="a42525" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:193.4px;">-</div><div id="a42527" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.6px;">Actuarial loss </div><div id="a42530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.808px;top:209.6px;">319</div><div id="a42533" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:209.6px;">398</div><div id="a42536" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:209.6px;">278</div><div id="a42539" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:209.6px;">387</div><div id="a42542" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:556.795px;top:209.6px;">7</div><div id="a42545" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:209.6px;">27</div><div id="a42547" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.8px;">Benefits paid </div><div id="a42550" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:289.368px;top:225.8px;display:flex;">(241)</div><div id="a42553" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:351.315px;top:225.8px;display:flex;">(151)</div><div id="a42556" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.395px;top:225.8px;display:flex;">(253)</div><div id="a42559" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:475.315px;top:225.8px;display:flex;">(147)</div><div id="a42562" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.475px;top:225.8px;display:flex;">(49)</div><div id="a42565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:225.8px;display:flex;">(59)</div><div id="a42567" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.8px;">Curtailment </div><div id="a42570" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:241.8px;">-</div><div id="a42573" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:241.8px;">2</div><div id="a42576" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:241.8px;">-</div><div id="a42579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:482.355px;top:241.8px;display:flex;">(69)</div><div id="a42582" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:241.8px;">-</div><div id="a42585" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:241.8px;">-</div><div id="a42587" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.9px;">Recognition of termination benefits </div><div id="a42590" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:257.9px;">-</div><div id="a42593" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:257.9px;">3</div><div id="a42596" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:257.9px;">-</div><div id="a42599" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.675px;top:257.9px;">1</div><div id="a42602" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:257.9px;">-</div><div id="a42605" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:257.9px;">-</div><div id="a42607" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:274.1px;">Foreign currency exchange rate change </div><div id="a42610" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:274.1px;">-</div><div id="a42613" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:274.1px;">129</div><div id="a42616" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:274.1px;">-</div><div id="a42619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:274.1px;">102</div><div id="a42622" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:274.1px;">-</div><div id="a42625" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:274.1px;">1</div><div id="a42627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:290.7px;">Benefit obligation at December 31</div><div id="a42628" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:198.488px;top:290.5px;">*</div><div id="a42630" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:290.7px;">$ </div><div id="a42632" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:290.7px;">2,548</div><div id="a42635" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:290.7px;">4,403</div><div id="a42638" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:290.7px;">2,319</div><div id="a42641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:290.7px;">3,880</div><div id="a42644" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:290.7px;">170</div><div id="a42647" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:290.7px;">216</div><div id="a42649" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:310px;">*Accumulated benefit obligation portion of above at </div><div id="a42663" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:326px;"><div style="display:inline-block;width:5.44px"> </div>December 31: </div><div id="a42666" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:257.688px;top:326px;">$ </div><div id="a42668" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:291.768px;top:329.8px;">2,359</div><div id="a42671" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:353.715px;top:329.8px;">4,095</div><div id="a42674" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:415.795px;top:329.8px;">2,161</div><div id="a42677" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:477.715px;top:329.8px;">3,594</div><div id="a42696" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:358.3px;">Change in Fair Value of Plan Assets </div><div id="a42710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:374.3px;">Fair value of plan assets at January 1 </div><div id="a42712" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:374.3px;">$ </div><div id="a42714" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:374.3px;">1,591</div><div id="a42717" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:374.3px;">4,306</div><div id="a42720" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:374.3px;">1,336</div><div id="a42723" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:374.3px;">3,358</div><div id="a42726" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:374.3px;">-</div><div id="a42729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:374.3px;">-</div><div id="a42731" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:390.4px;">Actual return on plan assets </div><div id="a42734" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.808px;top:390.4px;">321</div><div id="a42737" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:390.4px;">416</div><div id="a42740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:390.4px;">273</div><div id="a42743" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:390.4px;">529</div><div id="a42746" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:390.4px;">-</div><div id="a42749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:390.4px;">-</div><div id="a42751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:406.4px;">Company contributions </div><div id="a42754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.688px;top:406.4px;">99</div><div id="a42757" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.635px;top:406.4px;">60</div><div id="a42760" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:406.4px;">235</div><div id="a42763" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:406.4px;">464</div><div id="a42766" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:549.755px;top:406.4px;">31</div><div id="a42769" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:406.4px;">39</div><div id="a42771" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:422.6px;">Plan participant contributions </div><div id="a42774" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:422.6px;">-</div><div id="a42777" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:422.6px;">1</div><div id="a42780" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:422.6px;">-</div><div id="a42783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.675px;top:422.6px;">2</div><div id="a42786" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:549.755px;top:422.6px;">18</div><div id="a42789" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:422.6px;">20</div><div id="a42791" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:438.8px;">Benefits paid </div><div id="a42794" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:289.368px;top:438.8px;display:flex;">(241)</div><div id="a42797" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:351.315px;top:438.8px;display:flex;">(151)</div><div id="a42800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.395px;top:438.8px;display:flex;">(253)</div><div id="a42803" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:475.315px;top:438.8px;display:flex;">(147)</div><div id="a42806" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.475px;top:438.8px;display:flex;">(49)</div><div id="a42809" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:438.8px;display:flex;">(59)</div><div id="a42811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:454.8px;">Foreign currency exchange rate change </div><div id="a42814" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:454.8px;">-</div><div id="a42817" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:454.8px;">161</div><div id="a42820" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:454.8px;">-</div><div id="a42823" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:454.8px;">100</div><div id="a42826" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:454.8px;">-</div><div id="a42829" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:454.8px;">-</div><div id="a42831" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:471.6px;">Fair value of plan assets at December 31 </div><div id="a42833" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:471.6px;">$ </div><div id="a42835" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:471.6px;">1,770</div><div id="a42838" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:471.6px;">4,793</div><div id="a42841" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:471.6px;">1,591</div><div id="a42844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:471.6px;">4,306</div><div id="a42847" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:471.6px;">-</div><div id="a42850" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:471.6px;">-</div><div id="a42852" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:490.6px;">Funded Status </div><div id="a42854" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:490.6px;">$ </div><div id="a42856" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:289.368px;top:490.6px;display:flex;">(778)</div><div id="a42859" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:490.6px;">390</div><div id="a42862" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.395px;top:490.6px;display:flex;">(728)</div><div id="a42865" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:490.6px;">426</div><div id="a42868" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:537.435px;top:490.6px;display:flex;">(170)</div><div id="a42871" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:490.6px;display:flex;">(216)</div></div><div id="TextBlockContainer780" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:459px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42878" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.595px;top:0px;">Millions of Dollars </div><div id="a42882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.955px;top:16.7px;">Pension Benefits </div><div id="a42885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:16.7px;">Other Benefits </div><div id="a42889" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:318.328px;top:33.5px;">2020 </div><div id="a42892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.315px;top:33.5px;">2019 </div><div id="a42895" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:33.5px;">2020 </div><div id="a42898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:33.5px;">2019 </div><div id="a42902" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:304.888px;top:50.3px;">U.S. </div><div id="a42905" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.955px;top:50.3px;">Int’l. </div><div id="a42908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.955px;top:50.3px;">U.S. </div><div id="a42911" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:484.115px;top:50.3px;">Int’l. </div><div id="a42917" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67.1px;">Amounts Recognized in the<div style="display:inline-block;width:2.58px"> </div></div><div id="a42932" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:83.1px;">Consolidated Balance Sheet at<div style="display:inline-block;width:2.48px"> </div></div><div id="a42947" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:99.2px;">December 31 </div><div id="a42961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:115.4px;">Noncurrent assets </div><div id="a42963" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.808px;top:115.4px;">$ </div><div id="a42965" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:321.208px;top:115.4px;">-</div><div id="a42968" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:115.4px;">746</div><div id="a42971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.275px;top:115.4px;">-</div><div id="a42974" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:115.4px;">765</div><div id="a42977" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:562.235px;top:115.4px;">-</div><div id="a42980" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:115.4px;">-</div><div id="a42982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:133.1px;">Current liabilities </div><div id="a42985" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:306.488px;top:133.1px;display:flex;">(56)</div><div id="a42988" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.515px;top:133.1px;display:flex;">(11)</div><div id="a42991" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:429.555px;top:133.1px;display:flex;">(21)</div><div id="a42994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:495.475px;top:133.1px;display:flex;">(6)</div><div id="a42997" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:547.515px;top:133.1px;display:flex;">(39)</div><div id="a43000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:133.1px;display:flex;">(42)</div><div id="a43002" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:151.1px;">Noncurrent liabilities </div><div id="a43005" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:299.448px;top:151.1px;display:flex;">(722)</div><div id="a43008" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.475px;top:151.1px;display:flex;">(345)</div><div id="a43011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.515px;top:151.1px;display:flex;">(707)</div><div id="a43014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.395px;top:151.1px;display:flex;">(333)</div><div id="a43017" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:151.1px;display:flex;">(131)</div><div id="a43020" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:151.1px;display:flex;">(174)</div><div id="a43022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:169.6px;">Total recognized </div><div id="a43024" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.808px;top:169.6px;">$ </div><div id="a43026" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:299.448px;top:169.6px;display:flex;">(778)</div><div id="a43029" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:169.6px;">390</div><div id="a43032" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.515px;top:169.6px;display:flex;">(728)</div><div id="a43035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:169.6px;">426</div><div id="a43038" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:169.6px;display:flex;">(170)</div><div id="a43041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:169.6px;display:flex;">(216)</div><div id="a43057" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:208.5px;">Weighted-Average Assumptions Used to<div style="display:inline-block;width:3.93px"> </div></div><div id="a43074" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:226.5px;">Determine Benefit Obligations at<div style="display:inline-block;width:2.41px"> </div></div><div id="a43089" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:244.4px;">December 31 </div><div id="a43103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.3px;">Discount rate </div><div id="a43106" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:262.3px;">2.30</div><div id="a43108" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:329.688px;top:264.1px;">% </div><div id="a43110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:262.3px;">1.80</div><div id="a43113" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:262.3px;">3.25</div><div id="a43116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:262.3px;">2.35</div><div id="a43119" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.395px;top:262.3px;">2.15</div><div id="a43122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:262.3px;">3.10</div><div id="a43124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:280.2px;">Rate of compensation increase </div><div id="a43127" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:280.2px;">4.00</div><div id="a43130" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:280.2px;">3.10</div><div id="a43133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:280.2px;">4.00</div><div id="a43136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:280.2px;">3.35</div><div id="a43142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:298px;">Interest crediting rate for applicable benefits </div><div id="a43145" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:298px;">2.10</div><div id="a43148" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:298px;">-</div><div id="a43151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:298px;">4.10</div><div id="a43154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:503.155px;top:298px;">-</div><div id="a43174" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:334.5px;">Weighted-Average Assumptions Used to<div style="display:inline-block;width:3.93px"> </div></div><div id="a43191" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:352.4px;">Determine Net Periodic Benefit Cost for<div style="display:inline-block;width:2.32px"> </div></div><div id="a43206" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:370.3px;">Years<div style="display:inline-block;width:4.93px"> </div>Ended December 31 </div><div id="a43220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:388.2px;">Discount rate </div><div id="a43223" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:388.2px;">3.05</div><div id="a43225" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:329.688px;top:390px;">% </div><div id="a43227" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:388.2px;">2.35</div><div id="a43230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:388.2px;">3.95</div><div id="a43233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:388.2px;">2.90</div><div id="a43236" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.395px;top:388.2px;">3.10</div><div id="a43239" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:388.2px;">4.05</div><div id="a43241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:406.1px;">Expected return on plan assets </div><div id="a43244" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:406.1px;">5.80</div><div id="a43247" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:406.1px;">3.60</div><div id="a43250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:406.1px;">5.80</div><div id="a43253" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:406.1px;">4.10</div><div id="a43259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:424.1px;">Rate of compensation increase </div><div id="a43262" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:424.1px;">4.00</div><div id="a43265" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:424.1px;">3.35</div><div id="a43268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:424.1px;">4.00</div><div id="a43271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:424.1px;">3.65</div><div id="a43277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:442px;">Interest crediting rate for applicable benefits </div><div id="a43280" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:442px;">4.10</div><div id="a43283" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:442px;">-</div><div id="a43286" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:442px;">4.35</div><div id="a43289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:503.155px;top:442px;">-</div></div><div id="TextBlockContainer784" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:629px;height:97px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43297" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">For both U.S. and international pensions, the<div style="display:inline-block;width:2.16px"> </div>overall expected long-term rate of return is<div style="display:inline-block;width:2.14px"> </div>developed from the </div><div id="a43300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">expected future return of each asset class, weighted<div style="display:inline-block;width:2.07px"> </div>by the expected allocation of pension assets<div style="display:inline-block;width:2.16px"> </div>to that asset </div><div id="a43302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">class.<div style="display:inline-block;width:6.87px"> </div>We rely on a variety of independent market forecasts in developing the expected<div style="display:inline-block;width:2.19px"> </div>rate of return for each </div><div id="a43303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">class of assets. </div><div id="a43305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;"> </div><div id="a43306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;"> </div><div id="a43307" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:196.728px;top:80.5px;"> </div></div><div id="TextBlockContainer788" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:617px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_786_XBRL_TS_23807a41bbe145fdace12f8a367f3014" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer787" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:617px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following tables set forth information related<div style="display:inline-block;width:2.09px"> </div>to the Company’s pension plans with projected and </div><div id="a43312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">accumulated benefit obligations in excess of<div style="display:inline-block;width:2.16px"> </div>the fair value of the plans’ assets as of December<div style="display:inline-block;width:2.06px"> </div>31, 2020 and </div><div id="a43317" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">2019:</div></div></div></div><div id="TextBlockContainer792" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_790_XBRL_TS_8cc48ba173dd4eba8b71579ad7e9dfd7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer791" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43323" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.035px;top:0px;">Millions of Dollars </div><div id="a43327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:440.435px;top:16.6px;">Pension Benefits </div><div id="a43331" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:402.675px;top:33.4px;">2020 </div><div id="a43334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:549.275px;top:33.4px;">2019 </div><div id="a43338" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:391.795px;top:50.2px;">U.S. </div><div id="a43341" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.875px;top:50.2px;">Int’l. </div><div id="a43344" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.915px;top:50.2px;">U.S. </div><div id="a43347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.235px;top:50.2px;">Int’l. </div><div id="a43349" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67px;">Pension Plans with Projected Benefit Obligation in </div><div id="a43360" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:83px;">Excess of Plan Assets </div><div id="a43371" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.2px;">Projected benefit obligation </div><div id="a43373" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:345.715px;top:99.2px;">$ </div><div id="a43375" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:99.2px;">2,548</div><div id="a43378" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:462.835px;top:99.2px;">391</div><div id="a43381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:99.2px;">2,319</div><div id="a43384" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:99.2px;">355</div><div id="a43386" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:117.1px;">Fair value of plan assets </div><div id="a43389" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:117.1px;">1,770</div><div id="a43392" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:469.715px;top:117.1px;">35</div><div id="a43395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:117.1px;">1,591</div><div id="a43398" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:117.1px;">44</div><div id="a43410" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:153.6px;">Pension Plans with Accumulated Benefit<div style="display:inline-block;width:2.17px"> </div>Obligation in </div><div id="a43421" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:171.6px;">Excess of Plan Assets </div><div id="a43431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:189.5px;">Accumulated benefit obligation </div><div id="a43434" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:345.715px;top:189.5px;">$ </div><div id="a43436" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:189.5px;">2,359</div><div id="a43439" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:462.835px;top:189.5px;">338</div><div id="a43442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:189.5px;">2,161</div><div id="a43445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:189.5px;">299</div><div id="a43447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.4px;">Fair value of plan assets </div><div id="a43450" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:207.4px;">1,770</div><div id="a43453" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:469.715px;top:207.4px;">35</div><div id="a43456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:207.4px;">1,591</div><div id="a43459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:207.4px;">44</div></div></div></div><div id="TextBlockContainer795" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:160px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Included in accumulated other comprehensive<div style="display:inline-block;width:2.17px"> </div>income (loss) at December 31 were the following<div style="display:inline-block;width:2.03px"> </div>before-tax<div style="display:inline-block;width:3.21px"> </div></div><div id="a43467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">amounts that had not been recognized in net<div style="display:inline-block;width:2.12px"> </div>periodic benefit cost: </div><div id="a43483" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:397.555px;top:44px;">Millions of Dollars </div><div id="a43486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.915px;top:60.8px;">Pension Benefits </div><div id="a43489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:60.8px;">Other Benefits </div><div id="a43492" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:319.128px;top:77.6px;">2020 </div><div id="a43495" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.315px;top:77.6px;">2019 </div><div id="a43498" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:77.6px;">2020 </div><div id="a43501" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:77.6px;">2019 </div><div id="a43504" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:306.808px;top:94.4px;">U.S. </div><div id="a43507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.955px;top:94.4px;">Int’l. </div><div id="a43510" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.955px;top:94.4px;">U.S. </div><div id="a43513" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:484.115px;top:94.4px;">Int’l. </div><div id="a43532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.2px;">Unrecognized net actuarial loss </div><div id="a43534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:272.728px;top:127.2px;">$ </div><div id="a43536" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:306.808px;top:127.2px;">467</div><div id="a43539" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:127.2px;">326</div><div id="a43542" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.955px;top:127.2px;">479</div><div id="a43545" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:127.2px;">227</div><div id="a43548" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:552.795px;top:127.2px;">14</div><div id="a43551" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:127.2px;">8</div><div id="a43553" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.4px;">Unrecognized prior service credit </div><div id="a43556" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:323.128px;top:143.4px;">-</div><div id="a43559" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:143.4px;">-</div><div id="a43562" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.275px;top:143.4px;">-</div><div id="a43565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:495.475px;top:143.4px;display:flex;">(2)</div><div id="a43568" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:143.4px;display:flex;">(182)</div><div id="a43571" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:143.4px;display:flex;">(183)</div></div><div id="TextBlockContainer800" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:295px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_798_XBRL_CS_07d43920af07404cb23c14322a79e213" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer799" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:295px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43577" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:398.195px;top:0px;">Millions of Dollars </div><div id="a43581" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:345.555px;top:18.6px;">Pension Benefits </div><div id="a43584" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.275px;top:18.6px;">Other Benefits </div><div id="a43588" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:319.768px;top:37.1px;">2020 </div><div id="a43591" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.195px;top:37.1px;">2019 </div><div id="a43594" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.915px;top:37.1px;">2020 </div><div id="a43597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:600.955px;top:37.1px;">2019 </div><div id="a43601" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:308.888px;top:55.7px;">U.S. </div><div id="a43604" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.995px;top:55.7px;">Int’l. </div><div id="a43607" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:426.835px;top:55.7px;">U.S. </div><div id="a43610" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:55.7px;">Int’l. </div><div id="a43616" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:74.2px;">Sources of Change in Other<div style="display:inline-block;width:2.96px"> </div></div><div id="a43631" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:13.653px;top:90.4px;">Comprehensive Income (Loss) </div><div id="a43645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:108.2px;">Net gain (loss) arising during the period </div><div id="a43647" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:108.2px;">$ </div><div id="a43649" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:310.488px;top:108.2px;display:flex;">(83)</div><div id="a43652" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.515px;top:108.2px;display:flex;">(120)</div><div id="a43655" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.435px;top:108.2px;display:flex;">(79)</div><div id="a43658" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.755px;top:108.2px;">51</div><div id="a43661" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:553.595px;top:108.2px;display:flex;">(7)</div><div id="a43664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:108.2px;display:flex;">(27)</div><div id="a43666" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:124.3px;">Amortization of actuarial (gain) loss included </div><div id="a43681" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:140.5px;">in income (loss)* </div><div id="a43685" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:315.768px;top:140.5px;">95</div><div id="a43688" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:374.835px;top:140.5px;">21</div><div id="a43691" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:426.835px;top:140.5px;">116</div><div id="a43694" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.755px;top:140.5px;">32</div><div id="a43697" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:558.875px;top:140.5px;">1</div><div id="a43700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:612.635px;top:140.5px;display:flex;">(2)</div><div id="a43702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:159.1px;">Net change during the period </div><div id="a43704" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:159.1px;">$ </div><div id="a43706" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:315.768px;top:159.1px;">12</div><div id="a43709" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:369.555px;top:159.1px;display:flex;">(99)</div><div id="a43712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:433.715px;top:159.1px;">37</div><div id="a43715" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.755px;top:159.1px;">83</div><div id="a43718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:553.595px;top:159.1px;display:flex;">(6)</div><div id="a43721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:159.1px;display:flex;">(29)</div><div id="a43737" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:196px;">Prior service credit (cost) arising during the </div><div id="a43752" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:212.2px;">period </div><div id="a43754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:212.2px;">$ </div><div id="a43756" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:325.208px;top:212.2px;">-</div><div id="a43759" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.595px;top:212.2px;display:flex;">(1)</div><div id="a43762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.155px;top:212.2px;">-</div><div id="a43765" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.195px;top:212.2px;">-</div><div id="a43768" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.835px;top:212.2px;">30</div><div id="a43771" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:620.315px;top:212.2px;">-</div><div id="a43773" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:228.2px;">Amortization of prior service cost (credit) </div><div id="a43788" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:244.4px;">included in income (loss) </div><div id="a43791" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:325.208px;top:246.1px;">-</div><div id="a43794" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.595px;top:246.1px;display:flex;">(1)</div><div id="a43797" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.155px;top:246.1px;">-</div><div id="a43800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.515px;top:246.1px;display:flex;">(2)</div><div id="a43803" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:546.555px;top:246.1px;display:flex;">(31)</div><div id="a43806" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:246.1px;display:flex;">(33)</div><div id="a43808" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.9px;">Net change during the period </div><div id="a43810" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:262.9px;">$ </div><div id="a43812" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:325.208px;top:262.9px;">-</div><div id="a43815" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.595px;top:262.9px;display:flex;">(2)</div><div id="a43818" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.155px;top:262.9px;">-</div><div id="a43821" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.515px;top:262.9px;display:flex;">(2)</div><div id="a43824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:553.595px;top:262.9px;display:flex;">(1)</div><div id="a43827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:262.9px;display:flex;">(33)</div><div id="a43829" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:282px;">*Includes settlement (gains) losses recognized in 2020 and 2019.</div></div></div></div><div id="TextBlockContainer804" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:309px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_802_XBRL_CS_aa6e5487cca846b5bb724ca78e3b093e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer803" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:309px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43835" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The components of net periodic benefit cost of<div style="display:inline-block;width:2.15px"> </div>all defined benefit plans are presented in<div style="display:inline-block;width:2.09px"> </div>the following table: </div><div id="a43859" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:346.675px;top:31.2px;">Millions of Dollars </div><div id="a43863" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:276.568px;top:49.8px;">Pension Benefits </div><div id="a43866" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:516.635px;top:49.8px;">Other Benefits </div><div id="a43870" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:207.768px;top:68.3px;">2020 </div><div id="a43873" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:314.168px;top:68.3px;">2019 </div><div id="a43876" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:416.275px;top:68.3px;">2018 </div><div id="a43879" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:68.3px;">2020 </div><div id="a43882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:550.875px;top:68.3px;">2019 </div><div id="a43885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:68.3px;">2018 </div><div id="a43889" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:196.888px;top:86.9px;">U.S. </div><div id="a43892" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:242.968px;top:86.9px;">Int’l. </div><div id="a43895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.808px;top:86.9px;">U.S. </div><div id="a43898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:347.155px;top:86.9px;">Int’l. </div><div id="a43901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:86.9px;">U.S. </div><div id="a43904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:449.235px;top:86.9px;">Int’l. </div><div id="a43912" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:105.5px;">Components of Net<div style="display:inline-block;width:2.79px"> </div></div><div id="a43933" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:121.5px;">Periodic Benefit Cost </div><div id="a43953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:139.4px;">Service cost </div><div id="a43955" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:170.808px;top:139.4px;">$ </div><div id="a43957" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:139.4px;">85</div><div id="a43960" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:139.4px;">54</div><div id="a43963" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:139.4px;">79</div><div id="a43966" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:139.4px;">69</div><div id="a43969" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:139.4px;">83</div><div id="a43972" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:139.4px;">81</div><div id="a43975" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.795px;top:139.4px;">2</div><div id="a43978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:567.835px;top:139.4px;">1</div><div id="a43981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:139.4px;">1</div><div id="a43983" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:155.5px;">Interest cost </div><div id="a43986" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:155.5px;">66</div><div id="a43989" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:155.5px;">85</div><div id="a43992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:155.5px;">79</div><div id="a43995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:155.5px;">97</div><div id="a43998" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:155.5px;">99</div><div id="a44001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:451.955px;top:155.5px;">107</div><div id="a44004" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.795px;top:155.5px;">6</div><div id="a44007" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:567.835px;top:155.5px;">8</div><div id="a44010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:155.5px;">8</div><div id="a44012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:171.7px;">Expected return on plan </div><div id="a44033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:189.6px;">assets </div><div id="a44036" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:198.488px;top:189.6px;display:flex;">(85)</div><div id="a44039" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:242.488px;top:189.6px;display:flex;">(145)</div><div id="a44042" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:300.408px;top:189.6px;display:flex;">(74)</div><div id="a44045" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.435px;top:189.6px;display:flex;">(138)</div><div id="a44048" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:395.475px;top:189.6px;display:flex;">(114)</div><div id="a44051" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:446.515px;top:189.6px;display:flex;">(155)</div><div id="a44054" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:519.195px;top:189.6px;">-</div><div id="a44057" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.235px;top:189.6px;">-</div><div id="a44060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:189.6px;">-</div><div id="a44062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.4px;">Amortization of prior<div style="display:inline-block;width:2.78px"> </div></div><div id="a44083" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:223.5px;">service credit </div><div id="a44086" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:213.208px;top:223.5px;">-</div><div id="a44089" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.568px;top:223.5px;display:flex;">(1)</div><div id="a44092" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.128px;top:223.5px;">-</div><div id="a44095" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:358.515px;top:223.5px;display:flex;">(2)</div><div id="a44098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:417.235px;top:223.5px;">-</div><div id="a44101" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:223.5px;display:flex;">(5)</div><div id="a44104" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.435px;top:223.5px;display:flex;">(31)</div><div id="a44107" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.515px;top:223.5px;display:flex;">(33)</div><div id="a44110" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:223.5px;display:flex;">(35)</div><div id="a44112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">Recognized net actuarial<div style="display:inline-block;width:2.75px"> </div></div><div id="a44133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:257.7px;">loss (gain) </div><div id="a44136" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:257.7px;">51</div><div id="a44139" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:257.7px;">22</div><div id="a44142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:257.7px;">54</div><div id="a44145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:257.7px;">32</div><div id="a44148" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:257.7px;">53</div><div id="a44151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:257.7px;">31</div><div id="a44154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.795px;top:257.7px;">1</div><div id="a44157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.555px;top:257.7px;display:flex;">(2)</div><div id="a44160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.595px;top:257.7px;display:flex;">(1)</div><div id="a44162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:275.4px;">Settlements loss (gain) </div><div id="a44165" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:275.4px;">44</div><div id="a44168" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.568px;top:275.4px;display:flex;">(1)</div><div id="a44171" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:275.4px;">62</div><div id="a44174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:366.195px;top:275.4px;">-</div><div id="a44177" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:275.4px;">196</div><div id="a44180" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:468.275px;top:275.4px;">-</div><div id="a44183" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:519.195px;top:275.4px;">-</div><div id="a44186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.235px;top:275.4px;">-</div><div id="a44189" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:275.4px;">-</div><div id="a44191" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:292.2px;">Net periodic benefit cost </div><div id="a44193" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:170.808px;top:292.2px;">$ </div><div id="a44195" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:196.888px;top:292.2px;">161</div><div id="a44198" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:292.2px;">14</div><div id="a44201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.808px;top:292.2px;">200</div><div id="a44204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:292.2px;">58</div><div id="a44207" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:292.2px;">317</div><div id="a44210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:292.2px;">59</div><div id="a44213" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.435px;top:292.2px;display:flex;">(22)</div><div id="a44216" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.515px;top:292.2px;display:flex;">(26)</div><div id="a44219" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:292.2px;display:flex;">(27)</div></div></div></div><div id="TextBlockContainer806" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a44223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The components of net periodic benefit cost, other<div style="display:inline-block;width:2.07px"> </div>than the service cost component, are included<div style="display:inline-block;width:2.18px"> </div>in the “Other </div><div id="a44224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">expenses” line item on our consolidated income statement. </div><div id="a44227" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;"> </div><div id="a44228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">We recognized pension settlement losses of $</div><div id="a44228_44_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:259.893px;top:48.3px;">43</div><div id="a44228_46_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:273.973px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million in 2020, $</div><div id="a44228_65_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.814px;top:48.3px;">62</div><div id="a44228_67_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:391.894px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million in 2019, and $</div><div id="a44228_90_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.515px;top:48.3px;">196</div><div id="a44228_93_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.475px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million in </div><div id="a44239" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">2018 as lump-sum benefit payments from certain<div style="display:inline-block;width:2.08px"> </div>U.S. and international pension plans exceeded the sum<div style="display:inline-block;width:1.94px"> </div>of </div><div id="a44273" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">service and interest costs for those plans and led<div style="display:inline-block;width:2.13px"> </div>to recognition of settlement losses. </div><div id="a44301" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;"> </div><div id="a44302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">During 2020 and 2019, the actuarial losses<div style="display:inline-block;width:2.07px"> </div>related to the benefit obligation for U.S. and international<div style="display:inline-block;width:1.86px"> </div>plans </div><div id="a44306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">were primarily related to a decrease in the discount<div style="display:inline-block;width:2.06px"> </div>rates. </div><div id="a44311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;"> </div><div id="a44312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">The sale of two ConocoPhillips U.K. subsidiaries<div style="display:inline-block;width:2.07px"> </div>completed during the third quarter of 2019 led<div style="display:inline-block;width:2.15px"> </div>to a </div><div id="a44346" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">significant reduction of future services of active<div style="display:inline-block;width:2.11px"> </div>employees in certain international pension<div style="display:inline-block;width:2.05px"> </div>plans, resulting in a </div><div id="a44378" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">curtailment.<div style="display:inline-block;width:6.6px"> </div>In conjunction with the recognition of the curtailment,<div style="display:inline-block;width:1.82px"> </div>the fair market values of pension plan </div><div id="a44410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">assets were updated, the pension benefit obligation<div style="display:inline-block;width:2.07px"> </div>was remeasured, and the net pension asset<div style="display:inline-block;width:2.1px"> </div>decreased by </div><div id="a44442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">$</div><div id="a44442_1_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:225.3px;">43</div><div id="a44442_3_110" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:25.813px;top:225.3px;"><div style="display:inline-block;width:3.52px"> </div>million, resulting in a corresponding decrease<div style="display:inline-block;width:2.12px"> </div>to other comprehensive income.<div style="display:inline-block;width:5.95px"> </div>This is primarily a result of </div><div id="a44477" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">a decrease in the discount rate from </div><div id="a44477_37_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:207.288px;top:241.5px;">2.90</div><div id="a44477_41_33" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:231.928px;top:241.5px;"><div style="display:inline-block;width:3.36px"> </div>percent at December 31, 2018 to </div><div id="a44477_74_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:421.715px;top:241.5px;">1.80</div><div id="a44477_78_31" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:446.195px;top:241.5px;"><div style="display:inline-block;width:3.52px"> </div>percent at September 30, 2019 </div><div id="a44517" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;">offset by a decrease in the pension benefit obligation from<div style="display:inline-block;width:2.02px"> </div>curtailment. </div><div id="a44540" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.6px;"> </div><div id="a44541" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">In determining net pension and other postretirement<div style="display:inline-block;width:1.93px"> </div>benefit costs, we amortize prior service costs<div style="display:inline-block;width:2.08px"> </div>on a straight-</div><div id="a44544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.9px;">line basis over the average remaining service period<div style="display:inline-block;width:2.06px"> </div>of employees expected to receive benefits<div style="display:inline-block;width:2.03px"> </div>under the plan.<div style="display:inline-block;width:3.14px"> </div></div><div id="a44545" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.9px;">For net actuarial gains and losses, we amortize </div><div id="a44545_48_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:269.493px;top:321.9px;">10</div><div id="a44545_50_47" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.573px;top:321.9px;"><div style="display:inline-block;width:3.52px"> </div>percent of the unamortized balance each year. </div><div id="a44548" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;"> </div><div id="a44549" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">We have multiple nonpension postretirement benefit plans for health and life insurance.<div style="display:inline-block;width:5.49px"> </div>The health care plans </div><div id="a44550" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">are contributory and subject to various cost sharing<div style="display:inline-block;width:2.07px"> </div>features, with participant and company contributions </div><div id="a44551" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.5px;">adjusted annually; the life insurance plans are<div style="display:inline-block;width:2.1px"> </div>noncontributory.<div style="display:inline-block;width:7.47px"> </div>The measurement of the U.S. pre-65 retiree </div><div id="a44554" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.5px;">medical accumulated postretirement benefit<div style="display:inline-block;width:2.12px"> </div>obligation assumes a health care cost trend rate<div style="display:inline-block;width:2.06px"> </div>of </div><div id="a44554_95_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.214px;top:402.5px;">7</div><div id="a44554_96_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:543.355px;top:402.5px;"><div style="display:inline-block;width:3.52px"> </div>percent in </div><div id="a44557" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">2021 that declines to </div><div id="a44557_22_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:124.533px;top:418.6px;">5</div><div id="a44557_23_83" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:131.568px;top:418.6px;"><div style="display:inline-block;width:3.52px"> </div>percent by 2028.<div style="display:inline-block;width:6.45px"> </div>The measurement of the U.S. post-65 retiree<div style="display:inline-block;width:2.12px"> </div>medical accumulated </div><div id="a44583" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">postretirement benefit obligation assumes an ultimate<div style="display:inline-block;width:1.93px"> </div>health care cost trend rate of </div><div id="a44583_85_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.675px;top:434.6px;">4</div><div id="a44583_86_26" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:477.715px;top:434.6px;"><div style="display:inline-block;width:3.36px"> </div>percent achieved in 2021 </div><div id="a44617" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:450.8px;">that increases to </div><div id="a44617_18_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:98.448px;top:450.8px;">5</div><div id="a44617_19_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:105.488px;top:450.8px;"><div style="display:inline-block;width:3.52px"> </div>percent by 2028.</div></div><div id="TextBlockContainer808" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:830px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a44626" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Plan Assets</div><div id="a44627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:72.848px;top:0px;">—We follow a policy of broadly diversifying pension plan assets across asset<div style="display:inline-block;width:2.12px"> </div>classes and </div><div id="a44629" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">individual holdings.<div style="display:inline-block;width:6.4px"> </div>As a result, our plan assets have no significant<div style="display:inline-block;width:2.07px"> </div>concentrations of credit risk.<div style="display:inline-block;width:6.12px"> </div>Asset classes </div><div id="a44630" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">that are considered appropriate include U.S. equities,<div style="display:inline-block;width:1.88px"> </div>non-U.S. equities, U.S. fixed income, non-U.S. fixed </div><div id="a44636" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">income, real estate and private equity investments.<div style="display:inline-block;width:5.45px"> </div>Plan fiduciaries may consider and add other<div style="display:inline-block;width:2.18px"> </div>asset classes to </div><div id="a44637" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">the investment program from time to time.<div style="display:inline-block;width:5.58px"> </div>The target allocations for plan assets are </div><div id="a44637_86_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:479.315px;top:64.3px;">28</div><div id="a44637_88_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:493.075px;top:64.3px;"><div style="display:inline-block;width:3.52px"> </div>percent equity </div><div id="a44642" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">securities, </div><div id="a44642_12_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:64.533px;top:80.5px;">68</div><div id="a44642_14_26" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:78.613px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>percent debt securities, </div><div id="a44642_40_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:214.133px;top:80.5px;">3</div><div id="a44642_41_25" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:221.173px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>percent real estate and </div><div id="a44642_66_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:353.014px;top:80.5px;">1</div><div id="a44642_67_49" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:360.054px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>percent other.<div style="display:inline-block;width:7.22px"> </div>Generally, the plan investments </div><div id="a44643" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">are publicly traded, therefore minimizing liquidity<div style="display:inline-block;width:1.88px"> </div>risk in the portfolio.<div style="display:inline-block;width:3.11px"> </div></div><div id="a44645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;"> </div><div id="a44646" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">The following is a description of the valuation methodologies<div style="display:inline-block;width:1.56px"> </div>used for the pension plan assets.<div style="display:inline-block;width:6.08px"> </div>There have </div><div id="a44648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">been no changes in the methodologies used at<div style="display:inline-block;width:2.17px"> </div>December 31, 2020 and 2019. </div><div id="a44655" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:176px;">●</div><div id="a44656" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:175.9px;"> </div><div id="a44657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:176px;">Fair values of equity securities and government<div style="display:inline-block;width:2.16px"> </div>debt securities categorized in Level 1 are primarily </div><div id="a44660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:192px;">based on quoted market prices in active markets<div style="display:inline-block;width:2.02px"> </div>for identical assets and liabilities. </div><div id="a44663" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:209.1px;">●</div><div id="a44664" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:209px;"> </div><div id="a44665" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:209.1px;">Fair values of corporate debt securities, agency and<div style="display:inline-block;width:2.05px"> </div>mortgage-backed securities and government<div style="display:inline-block;width:2.07px"> </div>debt </div><div id="a44668" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:225.3px;">securities categorized in Level 2 are estimated<div style="display:inline-block;width:2.04px"> </div>using recently executed transactions and quoted market </div><div id="a44670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:241.3px;">prices for similar assets and liabilities in<div style="display:inline-block;width:2.17px"> </div>active markets and for identical assets and liabilities<div style="display:inline-block;width:1.74px"> </div>in </div><div id="a44671" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:257.5px;">markets that are not active.<div style="display:inline-block;width:6.33px"> </div>If there have been no market transactions<div style="display:inline-block;width:2.02px"> </div>in a particular fixed income </div><div id="a44672" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:273.7px;">security, its fair value is calculated by pricing models that benchmark the security<div style="display:inline-block;width:2.05px"> </div>against other </div><div id="a44674" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:289.7px;">securities with actual market prices.<div style="display:inline-block;width:6.04px"> </div>When observable quoted market prices are not<div style="display:inline-block;width:2.06px"> </div>available, fair </div><div id="a44675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:305.8px;">value is based on pricing models that use something<div style="display:inline-block;width:2.08px"> </div>other than actual market prices (e.g., observable </div><div id="a44677" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:321.8px;">inputs such as benchmark yields, reported trades and<div style="display:inline-block;width:2.04px"> </div>issuer spreads for similar securities), and these </div><div id="a44678" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:338px;">securities are categorized in Level 3 of the fair<div style="display:inline-block;width:2.09px"> </div>value hierarchy.<div style="display:inline-block;width:3.89px"> </div></div><div id="a44680" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:355.1px;">●</div><div id="a44681" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:355px;"> </div><div id="a44682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:355.1px;">Fair values of investments in common/collective<div style="display:inline-block;width:2.05px"> </div>trusts are determined by the issuer of each fund </div><div id="a44684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:371.3px;">based on the fair value of the underlying assets. </div><div id="a44686" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:388.2px;">●</div><div id="a44687" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:388.1px;"> </div><div id="a44688" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:388.2px;">Fair values of mutual funds are based on quoted<div style="display:inline-block;width:2.06px"> </div>market prices, which represent the net asset<div style="display:inline-block;width:2.07px"> </div>value of </div><div id="a44689" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:404.4px;">shares held. </div><div id="a44691" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:421.5px;">●</div><div id="a44692" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:421.4px;"> </div><div id="a44693" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:421.5px;">Time deposits are valued at cost, which approximates fair<div style="display:inline-block;width:2.15px"> </div>value. </div><div id="a44695" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:438.6px;">●</div><div id="a44696" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:438.5px;"> </div><div id="a44697" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:438.6px;">Cash is valued at cost, which approximates fair<div style="display:inline-block;width:2.12px"> </div>value.<div style="display:inline-block;width:6.79px"> </div>Fair values of international cash equivalents </div><div id="a44698" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:454.7px;">categorized in Level 2 are valued using observable<div style="display:inline-block;width:2.06px"> </div>yield curves, discounting and interest<div style="display:inline-block;width:2.18px"> </div>rates.<div style="display:inline-block;width:6.86px"> </div>U.S. </div><div id="a44699" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:470.8px;">cash balances held in the form of short-term<div style="display:inline-block;width:2.17px"> </div>fund units that are redeemable at the measurement<div style="display:inline-block;width:2px"> </div>date </div><div id="a44703" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:487px;">are categorized as Level 2. </div><div id="a44705" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:504.1px;">●</div><div id="a44706" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:504px;"> </div><div id="a44707" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:504.1px;">Fair values of exchange-traded derivatives classified<div style="display:inline-block;width:2.01px"> </div>in Level 1 are based on quoted market prices.<div style="display:inline-block;width:2.16px"> </div></div><div id="a44710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:520.1px;">For other derivatives classified in Level 2, the values<div style="display:inline-block;width:1.99px"> </div>are generally calculated from pricing models </div><div id="a44712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:536.3px;">with market input parameters from third-party<div style="display:inline-block;width:2.11px"> </div>sources. </div><div id="a44716" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:553.4px;">●</div><div id="a44717" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:553.2px;"> </div><div id="a44718" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:553.4px;">Fair values of insurance contracts are valued at the<div style="display:inline-block;width:1.97px"> </div>present value of the future benefit payments owed </div><div id="a44719" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:569.4px;">by the insurance company to the plans’ participants. </div><div id="a44721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:586.5px;">●</div><div id="a44722" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:586.4px;"> </div><div id="a44723" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:586.5px;">Fair values of real estate investments are valued<div style="display:inline-block;width:2.17px"> </div>using real estate valuation techniques<div style="display:inline-block;width:2.13px"> </div>and other </div><div id="a44725" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:602.7px;">methods that include reference to third-party sources<div style="display:inline-block;width:2.11px"> </div>and sales comparables where available. </div><div id="a44729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:619.8px;">●</div><div id="a44730" style="position:absolute;font-family:'Arial';font-weight:normal;font-style:normal;left:35.093px;top:619.6px;"> </div><div id="a44731" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:619.8px;">A portion of U.S. pension plan assets is held as<div style="display:inline-block;width:2.14px"> </div>a participating interest in an insurance annuity </div><div id="a44733" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:635.8px;">contract, which is calculated as the market value<div style="display:inline-block;width:2.16px"> </div>of investments held under this contract, less<div style="display:inline-block;width:2.06px"> </div>the </div><div id="a44734" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:651.9px;">accumulated benefit obligation covered by the<div style="display:inline-block;width:2.11px"> </div>contract.<div style="display:inline-block;width:6.66px"> </div>The participating interest is classified as </div><div id="a44735" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:668.1px;">Level 3 in the fair value hierarchy as the fair value<div style="display:inline-block;width:2.01px"> </div>is determined via a combination of quoted<div style="display:inline-block;width:2.11px"> </div>market </div><div id="a44738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:684.1px;">prices, recently executed transactions, and<div style="display:inline-block;width:2.15px"> </div>an actuarial present value computation for<div style="display:inline-block;width:2.06px"> </div>contract </div><div id="a44739" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:700.3px;">obligations.<div style="display:inline-block;width:6.7px"> </div>At December 31, 2020,<div style="display:inline-block;width:2.83px"> </div>the participating interest in the annuity contract<div style="display:inline-block;width:1.99px"> </div>was valued at </div><div id="a44745" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:716.3px;">$</div><div id="a44745_1_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:59.728px;top:716.3px;">94</div><div id="a44745_3_27" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:73.808px;top:716.3px;"><div style="display:inline-block;width:3.52px"> </div>million and consisted of $</div><div id="a44745_30_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:222.608px;top:716.3px;">233</div><div id="a44745_33_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:243.728px;top:716.3px;"><div style="display:inline-block;width:3.52px"> </div>million in debt securities, less $</div><div id="a44745_68_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.528px;top:716.3px;">139</div><div id="a44745_71_29" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:445.648px;top:716.3px;"><div style="display:inline-block;width:3.52px"> </div>million for the accumulated </div><div id="a44746" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:732.5px;">benefit obligation covered by the contract.<div style="display:inline-block;width:5.67px"> </div>At December 31, 2019, the participating interest<div style="display:inline-block;width:2.02px"> </div>in the </div><div id="a44751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:748.6px;">annuity contract was valued at $</div><div id="a44751_32_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:233.488px;top:748.6px;">95</div><div id="a44751_34_27" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:247.568px;top:748.6px;"><div style="display:inline-block;width:3.52px"> </div>million and consisted of $</div><div id="a44751_61_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.595px;top:748.6px;">235</div><div id="a44751_64_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:417.715px;top:748.6px;"><div style="display:inline-block;width:3.52px"> </div>million in debt securities, less<div style="display:inline-block;width:2.16px"> </div>$</div><div id="a44751_99_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:598.195px;top:748.6px;">140</div><div id="a44751_102_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:619.315px;top:748.6px;"> </div><div id="a44753" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:764.6px;">million for the accumulated benefit obligation<div style="display:inline-block;width:2.05px"> </div>covered by the contract.<div style="display:inline-block;width:6.18px"> </div>The participating interest is </div><div id="a44754" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:780.8px;">not available for meeting general pension benefit<div style="display:inline-block;width:2.06px"> </div>obligations in the near term.<div style="display:inline-block;width:6.12px"> </div>No future company </div><div id="a44755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:796.9px;">contributions are required and no new benefits<div style="display:inline-block;width:2.04px"> </div>are being accrued under this insurance annuity </div><div id="a44757" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:52.688px;top:812.9px;">contract.</div></div><div id="TextBlockContainer812" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:426px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_810_XBRL_CS_5e9a13beb3404a25861709f8702a0379" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer811" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:426px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a44763" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The fair values of our pension plan assets at<div style="display:inline-block;width:2.01px"> </div>December 31, by asset class were as follows:<div style="display:inline-block;width:2.08px"> </div></div><div id="a44788" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:379.155px;top:27.2px;">Millions of Dollars </div><div id="a44793" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:312.568px;top:41.6px;">U.S. </div><div id="a44796" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:500.595px;top:41.6px;">International </div><div id="a44802" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:236.408px;top:56.5px;">Level 1 </div><div id="a44805" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:287.448px;top:56.5px;">Level 2 </div><div id="a44808" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:338.488px;top:56.5px;">Level 3 </div><div id="a44811" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:400.435px;top:56.5px;">Total </div><div id="a44814" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:440.435px;top:56.5px;">Level 1 </div><div id="a44817" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:491.475px;top:56.5px;">Level 2 </div><div id="a44820" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:542.555px;top:56.5px;">Level 3 </div><div id="a44822" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:604.635px;top:56.5px;">Total </div><div id="a44824" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:4.693px;top:71px;">2020 </div><div id="a44842" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:85px;">Equity securities </div><div id="a44861" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:99px;">U.S. </div><div id="a44863" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:99px;">$ </div><div id="a44865" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:99px;">-</div><div id="a44868" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:99px;">3</div><div id="a44871" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:364.755px;top:99px;">5</div><div id="a44874" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:415.635px;top:99px;">8</div><div id="a44877" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:99px;">-</div><div id="a44880" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:99px;">-</div><div id="a44883" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:99px;">-</div><div id="a44886" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:99px;">-</div><div id="a44889" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:113.6px;">International </div><div id="a44892" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:256.728px;top:113.6px;">99</div><div id="a44895" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:113.6px;">-</div><div id="a44898" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:113.6px;">-</div><div id="a44901" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:409.715px;top:113.6px;">99</div><div id="a44904" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:113.6px;">-</div><div id="a44907" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:113.6px;">-</div><div id="a44910" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:113.6px;">-</div><div id="a44913" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:113.6px;">-</div><div id="a44916" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:128.3px;">Mutual funds </div><div id="a44919" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:256.728px;top:128.3px;">72</div><div id="a44922" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:128.3px;">-</div><div id="a44925" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:128.3px;">-</div><div id="a44928" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:409.715px;top:128.3px;">72</div><div id="a44931" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:128.3px;">235</div><div id="a44934" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:505.715px;top:128.3px;">734</div><div id="a44937" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:128.3px;">-</div><div id="a44940" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:128.3px;">969</div><div id="a44942" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:142.9px;">Debt securities </div><div id="a44961" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:157px;">Corporate </div><div id="a44964" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:157px;">-</div><div id="a44967" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:157px;">1</div><div id="a44970" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:157px;">-</div><div id="a44973" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:415.635px;top:157px;">1</div><div id="a44976" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:157px;">-</div><div id="a44979" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:157px;">-</div><div id="a44982" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:157px;">-</div><div id="a44985" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:157px;">-</div><div id="a44988" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:171.5px;">Mutual funds </div><div id="a44991" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:171.5px;">-</div><div id="a44994" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:171.5px;">-</div><div id="a44997" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:171.5px;">-</div><div id="a45000" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:171.5px;">-</div><div id="a45003" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:171.5px;">455</div><div id="a45006" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:171.5px;">-</div><div id="a45009" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:171.5px;">-</div><div id="a45012" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:171.5px;">455</div><div id="a45014" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:186.2px;">Cash and cash equivalents </div><div id="a45017" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:186.2px;">-</div><div id="a45020" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:186.2px;">-</div><div id="a45023" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:186.2px;">-</div><div id="a45026" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:186.2px;">-</div><div id="a45029" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:460.755px;top:186.2px;">74</div><div id="a45032" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:186.2px;">-</div><div id="a45035" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:186.2px;">-</div><div id="a45038" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:613.755px;top:186.2px;">74</div><div id="a45040" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:200.3px;">Derivatives </div><div id="a45043" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:200.3px;">-</div><div id="a45046" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:200.3px;">-</div><div id="a45049" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:200.3px;">-</div><div id="a45052" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:200.3px;">-</div><div id="a45055" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:466.675px;top:200.3px;">6</div><div id="a45058" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:200.3px;">-</div><div id="a45061" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:200.3px;">-</div><div id="a45064" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:619.675px;top:200.3px;">6</div><div id="a45066" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:214.2px;">Real estate </div><div id="a45069" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:214.2px;">-</div><div id="a45072" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:214.2px;">-</div><div id="a45075" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:214.2px;">-</div><div id="a45078" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:214.2px;">-</div><div id="a45081" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:214.2px;">-</div><div id="a45084" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:214.2px;">-</div><div id="a45087" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:556.795px;top:214.2px;">142</div><div id="a45090" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:214.2px;">142</div><div id="a45094" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:24.693px;top:229px;">Total in fair value hierarchy </div><div id="a45096" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:229px;">$ </div><div id="a45098" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:250.648px;top:229px;">171</div><div id="a45101" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:229px;">4</div><div id="a45104" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:364.755px;top:229px;">5</div><div id="a45107" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:403.635px;top:229px;">180</div><div id="a45110" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:229px;">770</div><div id="a45113" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:505.715px;top:229px;">734</div><div id="a45116" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:556.795px;top:229px;">142</div><div id="a45119" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:598.715px;top:229px;">1,646</div><div id="a45140" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:260.8px;">Investments measured at net asset value* </div><div id="a45158" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:274.9px;">Equity securities </div><div id="a45177" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:288.8px;">Common/collective trusts </div><div id="a45179" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:288.8px;">$ </div><div id="a45187" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:403.635px;top:288.8px;">678</div><div id="a45196" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:598.715px;top:288.8px;">2,962</div><div id="a45198" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:302.9px;">Debt securities </div><div id="a45217" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:316.8px;">Common/collective trusts </div><div id="a45226" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:403.635px;top:316.8px;">730</div><div id="a45235" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:613.755px;top:316.8px;">67</div><div id="a45237" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:330.9px;">Cash and cash equivalents </div><div id="a45246" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:415.635px;top:330.9px;">8</div><div id="a45255" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:330.9px;">-</div><div id="a45257" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:344.8px;">Real estate </div><div id="a45266" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:409.715px;top:344.8px;">79</div><div id="a45275" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:344.8px;">112</div><div id="a45277" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:359.6px;">Total** </div><div id="a45279" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:359.6px;">$ </div><div id="a45281" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:250.648px;top:359.6px;">171</div><div id="a45284" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:359.6px;">4</div><div id="a45287" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:364.755px;top:359.6px;">5</div><div id="a45290" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:394.675px;top:359.6px;">1,675</div><div id="a45293" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:359.6px;">770</div><div id="a45296" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:505.715px;top:359.6px;">734</div><div id="a45299" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:556.795px;top:359.6px;">142</div><div id="a45302" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:598.715px;top:359.6px;">4,787</div><div id="a45304" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:376.6px;"><div style="display:inline-block;width:8px"> </div>*In accordance with FASB ASC Topic<div style="display:inline-block;width:4.56px"> </div>715, “Compensation—Retirement Benefits,” certain investments that are to be measured at fair value<div style="display:inline-block;width:1.57px"> </div></div><div id="a45310" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:388.7px;"><div style="display:inline-block;width:13.44px"> </div>using the net asset value per share (or its equivalent) practical expedient<div style="display:inline-block;width:1.27px"> </div>have not been classified in the fair value hierarchy.<div style="display:inline-block;width:5.37px"> </div>The fair value<div style="display:inline-block;width:4.9px"> </div></div><div id="a45314" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:401.1px;"><div style="display:inline-block;width:13.44px"> </div>amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Change in </div><div id="a45319" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:413.4px;"><div style="display:inline-block;width:13.44px"> </div>Fair Value of Plan Assets.</div></div></div></div><div id="TextBlockContainer816" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:730px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_814_XBRL_TS_34f981b82fc14685997fffa565744dc8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer815" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:730px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45322_1_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:6.293px;top:0px;">**Excludes the participating interest in the insurance annuity contract with a net<div style="display:inline-block;width:1.31px"> </div>asset of $</div><div id="a45322_94_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:396.248px;top:0px;">94</div><div id="a45322_96_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:406.968px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million and net receivables related to security<div style="display:inline-block;width:116.93px"> </div></div><div id="a45326" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;"><div style="display:inline-block;width:10.72px"> </div>transactions of $</div><div id="a45326_21_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:85.973px;top:12.3px;">7</div><div id="a45326_22_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:91.413px;top:12.3px;"><div style="display:inline-block;width:2.72px"> </div>million.</div></div></div></div><div id="TextBlockContainer820" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_818_XBRL_TS_251681ef6f4f41ddbd17d4b9d4815c72" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer819" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The fair values of our pension plan assets at<div style="display:inline-block;width:2.01px"> </div>December 31, by asset class were as follows:<div style="display:inline-block;width:2.08px"> </div></div><div id="a45359" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:379.155px;top:27.2px;">Millions of Dollars </div><div id="a45364" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:312.568px;top:41.6px;">U.S. </div><div id="a45367" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:500.595px;top:41.6px;">International </div><div id="a45373" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:236.408px;top:56.5px;">Level 1 </div><div id="a45376" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:287.448px;top:56.5px;">Level 2 </div><div id="a45379" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:338.488px;top:56.5px;">Level 3 </div><div id="a45382" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:400.435px;top:56.5px;">Total </div><div id="a45385" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:440.435px;top:56.5px;">Level 1 </div><div id="a45388" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:491.475px;top:56.5px;">Level 2 </div><div id="a45391" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:542.555px;top:56.5px;">Level 3 </div><div id="a45393" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:604.635px;top:56.5px;">Total </div><div id="a45395" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:71px;">2019 </div><div id="a45413" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:85px;">Equity securities </div><div id="a45432" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:99px;">U.S. </div><div id="a45434" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:99px;">$ </div><div id="a45436" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:256.728px;top:99px;">94</div><div id="a45439" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:99px;">-</div><div id="a45442" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:364.755px;top:99px;">7</div><div id="a45445" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:99px;">101</div><div id="a45448" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:99px;">435</div><div id="a45451" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:99px;">-</div><div id="a45454" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:99px;">-</div><div id="a45457" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:99px;">435</div><div id="a45460" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:113.6px;">International </div><div id="a45463" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:256.728px;top:113.6px;">98</div><div id="a45466" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:113.6px;">-</div><div id="a45469" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:113.6px;">-</div><div id="a45472" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:113.6px;">98</div><div id="a45475" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:113.6px;">266</div><div id="a45478" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:113.6px;">-</div><div id="a45481" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:113.6px;">-</div><div id="a45484" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:113.6px;">266</div><div id="a45487" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:128.3px;">Mutual funds </div><div id="a45490" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:256.728px;top:128.3px;">93</div><div id="a45493" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:128.3px;">-</div><div id="a45496" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:128.3px;">-</div><div id="a45499" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:128.3px;">93</div><div id="a45502" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:128.3px;">245</div><div id="a45505" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:505.715px;top:128.3px;">267</div><div id="a45508" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:128.3px;">-</div><div id="a45511" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:128.3px;">512</div><div id="a45513" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:142.9px;">Debt securities </div><div id="a45532" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:157px;">Government </div><div id="a45535" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:157px;">-</div><div id="a45538" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:157px;">-</div><div id="a45541" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:157px;">-</div><div id="a45544" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:157px;">-</div><div id="a45547" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:445.715px;top:157px;">1,412</div><div id="a45550" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:157px;">-</div><div id="a45553" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:157px;">-</div><div id="a45556" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:598.715px;top:157px;">1,412</div><div id="a45559" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:171.5px;">Corporate </div><div id="a45562" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:171.5px;">-</div><div id="a45565" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:313.688px;top:171.5px;">2</div><div id="a45568" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:171.5px;">-</div><div id="a45571" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:415.635px;top:171.5px;">2</div><div id="a45574" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:468.755px;top:171.5px;">-</div><div id="a45577" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:171.5px;">-</div><div id="a45580" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:171.5px;">-</div><div id="a45583" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:621.755px;top:171.5px;">-</div><div id="a45586" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:186.2px;">Mutual funds </div><div id="a45589" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:186.2px;">-</div><div id="a45592" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:186.2px;">-</div><div id="a45595" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:186.2px;">-</div><div id="a45598" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:186.2px;">-</div><div id="a45601" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:186.2px;">392</div><div id="a45604" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:186.2px;">-</div><div id="a45607" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:186.2px;">-</div><div id="a45610" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:186.2px;">392</div><div id="a45612" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:201px;">Cash and cash equivalents </div><div id="a45615" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:201px;">-</div><div id="a45618" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:201px;">-</div><div id="a45621" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:201px;">-</div><div id="a45624" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:201px;">-</div><div id="a45627" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:460.755px;top:201px;">98</div><div id="a45630" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:201px;">-</div><div id="a45633" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:201px;">-</div><div id="a45636" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:613.755px;top:201px;">98</div><div id="a45638" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:214.9px;">Derivatives </div><div id="a45641" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:214.9px;">-</div><div id="a45644" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:214.9px;">-</div><div id="a45647" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:214.9px;">-</div><div id="a45650" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:214.9px;">-</div><div id="a45653" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:460.755px;top:214.9px;">11</div><div id="a45656" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:214.9px;">-</div><div id="a45659" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:214.9px;">-</div><div id="a45662" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:613.755px;top:214.9px;">11</div><div id="a45664" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:229px;">Real estate </div><div id="a45667" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:229px;">-</div><div id="a45670" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:229px;">-</div><div id="a45673" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:229px;">-</div><div id="a45676" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:229px;">-</div><div id="a45679" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:468.755px;top:229px;">-</div><div id="a45682" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:229px;">-</div><div id="a45685" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:556.795px;top:229px;">132</div><div id="a45688" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:229px;">132</div><div id="a45692" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:24.693px;top:243.6px;">Total in fair value hierarchy </div><div id="a45694" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:243.6px;">$ </div><div id="a45696" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:250.648px;top:243.6px;">285</div><div id="a45699" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:313.688px;top:243.6px;">2</div><div id="a45702" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:364.755px;top:243.6px;">7</div><div id="a45705" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:243.6px;">294</div><div id="a45708" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:445.715px;top:243.6px;">2,859</div><div id="a45711" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:505.715px;top:243.6px;">267</div><div id="a45714" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:556.795px;top:243.6px;">132</div><div id="a45717" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:598.715px;top:243.6px;">3,258</div><div id="a45738" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:275.6px;">Investments measured at net asset value* </div><div id="a45756" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:289.5px;">Equity securities </div><div id="a45775" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:303.6px;">Common/collective trusts </div><div id="a45777" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:303.6px;">$ </div><div id="a45785" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:303.6px;">457</div><div id="a45794" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:303.6px;">167</div><div id="a45796" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:317.5px;">Debt securities </div><div id="a45815" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:331.6px;">Common/collective trusts </div><div id="a45824" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:331.6px;">637</div><div id="a45833" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:331.6px;">760</div><div id="a45835" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:345.5px;">Cash and cash equivalents </div><div id="a45844" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:345.5px;">25</div><div id="a45853" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:621.755px;top:345.5px;">-</div><div id="a45855" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:359.6px;">Real estate </div><div id="a45864" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:359.6px;">83</div><div id="a45873" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:359.6px;">112</div><div id="a45875" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:374.1px;">Total** </div><div id="a45877" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:374.1px;">$ </div><div id="a45879" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:250.648px;top:374.1px;">285</div><div id="a45882" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:313.688px;top:374.1px;">2</div><div id="a45885" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:364.755px;top:374.1px;">7</div><div id="a45888" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:394.675px;top:374.1px;">1,496</div><div id="a45891" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:445.715px;top:374.1px;">2,859</div><div id="a45894" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:505.715px;top:374.1px;">267</div><div id="a45897" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:556.795px;top:374.1px;">132</div><div id="a45900" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:598.715px;top:374.1px;">4,297</div><div id="a45902" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:391.1px;"><div style="display:inline-block;width:8px"> </div>*In accordance with FASB ASC Topic<div style="display:inline-block;width:4.56px"> </div>715, “Compensation—Retirement Benefits,” certain investments that are to be measured at fair value<div style="display:inline-block;width:1.58px"> </div></div><div id="a45908" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:403.5px;"><div style="display:inline-block;width:13.44px"> </div>using the net asset value per share (or its equivalent) practical expedient<div style="display:inline-block;width:1.27px"> </div>have not been classified in the fair value hierarchy.<div style="display:inline-block;width:5.37px"> </div>The fair value<div style="display:inline-block;width:4.9px"> </div></div><div id="a45912" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:415.8px;"><div style="display:inline-block;width:13.44px"> </div>amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Change in<div style="display:inline-block;width:3.82px"> </div></div><div id="a45917" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:427.9px;"><div style="display:inline-block;width:13.44px"> </div>Fair Value of Plan Assets.</div></div></div></div><div id="TextBlockContainer824" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:733px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_822_XBRL_TS_ddc2bd6088cc4b72b088e4e350c5bd3e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer823" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:733px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45920_1_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:6.293px;top:0px;">**Excludes the participating interest in the insurance annuity contract with a<div style="display:inline-block;width:1.33px"> </div>net asset of $</div><div id="a45920_94_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:396.214px;top:0px;">95</div><div id="a45920_96_94" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:406.995px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million and net receivables related to security<div style="display:inline-block;width:119.62px"> </div></div><div id="a45926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;"><div style="display:inline-block;width:10.72px"> </div>transactions of $</div><div id="a45926_21_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:85.973px;top:12.3px;">9</div><div id="a45926_22_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:91.413px;top:12.3px;"><div style="display:inline-block;width:2.72px"> </div>million.</div></div></div></div><div id="TextBlockContainer826" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:284px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Level 3 activity was not material for all<div style="display:inline-block;width:2.18px"> </div>periods. </div><div id="a45933" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;"> </div></div><div id="TextBlockContainer828" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45934" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Our funding policy for U.S. plans is to contribute<div style="display:inline-block;width:2.02px"> </div>at least the minimum required by the Employee<div style="display:inline-block;width:2.08px"> </div>Retirement </div><div id="a45937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Income Security Act of 1974 and the Internal<div style="display:inline-block;width:2.13px"> </div>Revenue Code of 1986, as amended.<div style="display:inline-block;width:5.94px"> </div>Contributions to foreign </div><div id="a45938" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">plans are dependent upon local laws and tax regulations.<div style="display:inline-block;width:5.33px"> </div>In 2021, we expect to contribute approximately $</div><div id="a45938_106_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.115px;top:32.2px;">265</div><div id="a45938_109_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.235px;top:32.2px;"> </div><div id="a45942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">million to our domestic qualified and nonqualified<div style="display:inline-block;width:2.03px"> </div>pension and postretirement benefit plans and $</div><div id="a45942_97_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.894px;top:48.2px;">75</div><div id="a45942_99_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:566.075px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>million to </div><div id="a45945" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">our international qualified and nonqualified<div style="display:inline-block;width:2.14px"> </div>pension and postretirement benefit plans.</div></div><div id="TextBlockContainer832" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:226px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_830_XBRL_CS_2ad24e59113945279ec4beafe4764073" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer831" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:226px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45948" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following benefit payments, which are exclusive<div style="display:inline-block;width:1.85px"> </div>of amounts to be paid from the insurance annuity<div style="display:inline-block;width:2.04px"> </div>contract </div><div id="a45951" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">and which reflect expected future service, as appropriate,<div style="display:inline-block;width:1.64px"> </div>are expected to be paid: </div><div id="a45961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:465.075px;top:46.1px;">Millions of Dollars </div><div id="a45964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:459.635px;top:62.9px;">Pension </div><div id="a45967" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:581.275px;top:62.9px;">Other </div><div id="a45970" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.355px;top:78.9px;">Benefits </div><div id="a45973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:573.915px;top:78.9px;">Benefits </div><div id="a45976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.915px;top:95.7px;">U.S. </div><div id="a45979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:528.155px;top:95.7px;">Int’l. </div><div id="a45990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.5px;">2021 </div><div id="a45992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:128.5px;">$ </div><div id="a45994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:128.5px;">532</div><div id="a45997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:128.5px;">147</div><div id="a46000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:128.5px;">25</div><div id="a46002" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.7px;">2022 </div><div id="a46005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:144.7px;">289</div><div id="a46008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:144.7px;">151</div><div id="a46011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:144.7px;">21</div><div id="a46013" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.8px;">2023 </div><div id="a46016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:160.8px;">248</div><div id="a46019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:160.8px;">156</div><div id="a46022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:160.8px;">18</div><div id="a46024" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.8px;">2024 </div><div id="a46027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:176.8px;">232</div><div id="a46030" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:176.8px;">162</div><div id="a46033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:176.8px;">16</div><div id="a46035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193px;">2025 </div><div id="a46038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:193px;">215</div><div id="a46041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:193px;">166</div><div id="a46044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:193px;">14</div><div id="a46046" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209px;">2026–2030 </div><div id="a46051" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:209px;">845</div><div id="a46054" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:209px;">897</div><div id="a46057" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:209px;">53</div></div></div></div><div id="TextBlockContainer836" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:510px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46064" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Severance Accrual </div><div id="div_834_XBRL_TS_b1b15ad112be49ff9add76418094b7f8" style="position:absolute;left:0px;top:16px;float:left;"><div id="TextBlockContainer835" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:510px;height:17px;display:inline-block;"><div id="a46068" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes our severance accrual<div style="display:inline-block;width:1.88px"> </div>activity for 2020, 2019 and 2018:</div></div></div></div><div id="TextBlockContainer839" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:406.675px;top:0px;">Millions of Dollars </div><div id="a46102" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:375.795px;top:16.8px;">2020 </div><div id="a46104" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.755px;top:16.8px;">2019 </div><div id="a46106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.8px;">2018 </div><div id="a46116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49.8px;">Balance at January 1 </div><div id="a46118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:290.808px;top:49.8px;">$ </div><div id="a46120" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.715px;top:49.8px;">23</div><div id="a46123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.675px;top:49.8px;">48</div><div id="a46126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:49.8px;">53</div><div id="a46128" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.8px;">Accruals </div><div id="a46131" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.715px;top:65.8px;">14</div><div id="a46134" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.435px;top:65.8px;display:flex;">(1)</div><div id="a46137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:65.8px;">70</div><div id="a46139" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.9px;">Benefit payments </div><div id="a46142" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:380.435px;top:81.9px;display:flex;">(13)</div><div id="a46145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:493.395px;top:81.9px;display:flex;">(24)</div><div id="a46148" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:81.9px;display:flex;">(73)</div><div id="a46150" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97.9px;">Foreign currency translation adjustments </div><div id="a46154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:395.155px;top:97.9px;">-</div><div id="a46157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.115px;top:97.9px;">-</div><div id="a46160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:97.9px;display:flex;">(2)</div><div id="a46162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.7px;">Balance at December 31 </div><div id="a46164" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:290.808px;top:114.7px;">$ </div><div id="a46166" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.715px;top:114.7px;">24</div><div id="a46169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.675px;top:114.7px;">23</div><div id="a46172" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:114.7px;">48</div></div><div id="TextBlockContainer842" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:498px;height:17px;display:inline-block;"><div id="a46176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Of the remaining balance at December 31, 2020,<div style="display:inline-block;width:2.1px"> </div>$</div><div id="a46176_48_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:287.894px;top:0px;">8</div><div id="a46176_49_37" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:294.934px;top:0px;"><div style="display:inline-block;width:3.52px"> </div>million is classified as short-term.</div></div><div id="TextBlockContainer844" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46182" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Defined Contribution Plans</div><div id="a46183" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:169.688px;top:0px;"> </div><div id="a46184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Most U.S. employees are eligible to participate<div style="display:inline-block;width:2.09px"> </div>in the ConocoPhillips Savings Plan (CPSP).<div style="display:inline-block;width:5.61px"> </div>Employees can </div><div id="a46187" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">deposit up to </div><div id="a46187_14_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:80.693px;top:32.2px;">75</div><div id="a46187_16_88" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:94.613px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>percent of their eligible pay, subject to statutory limits, in the CPSP to<div style="display:inline-block;width:2.11px"> </div>a choice of </div><div id="a46188" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">approximately </div><div id="a46188_14_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:89.173px;top:48.3px;">17</div><div id="a46188_16_75" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:103.253px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>investment options.<div style="display:inline-block;width:6.35px"> </div>Employees who participate in the CPSP and contribute </div><div id="a46188_91_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.395px;top:48.3px;">1</div><div id="a46188_92_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.435px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>percent of </div><div id="a46212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">their eligible pay receive a </div><div id="a46212_29_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:156.848px;top:64.5px;">6</div><div id="a46212_30_72" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:163.888px;top:64.5px;"><div style="display:inline-block;width:3.36px"> </div>percent company cash match with a potential<div style="display:inline-block;width:2.1px"> </div>company discretionary cash </div><div id="a46244" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">contribution of up to </div><div id="a46244_22_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:123.728px;top:80.5px;">6</div><div id="a46244_23_89" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:130.768px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>percent.<div style="display:inline-block;width:6.77px"> </div>Effective January 1, 2019, new employees, rehires, and<div style="display:inline-block;width:2.09px"> </div>employees that elected </div><div id="a46257" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">to opt out of Title II are eligible to receive a Company Retirement<div style="display:inline-block;width:1.9px"> </div>Contribution (CRC) of </div><div id="a46257_90_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.755px;top:96.6px;">6</div><div id="a46257_91_21" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.835px;top:96.6px;"><div style="display:inline-block;width:3.52px"> </div>percent of eligible </div><div id="a46266" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">pay into their CPSP.<div style="display:inline-block;width:8px"> </div>After </div><div id="a46266_28_11" style="position:absolute;font-family:'Times New Roman';left:159.248px;top:112.6px;">three years</div><div id="a46266_39_46" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:220.248px;top:112.6px;"><div style="display:inline-block;width:3.52px"> </div>of service with the company, the employee is </div><div id="a46266_85_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.595px;top:112.6px;">100</div><div id="a46266_88_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:501.715px;top:112.6px;"><div style="display:inline-block;width:3.52px"> </div>percent vested in any </div><div id="a46274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">CRC.<div style="display:inline-block;width:6.87px"> </div>Company contributions charged to expense for the<div style="display:inline-block;width:2.16px"> </div>CPSP and predecessor plans were $</div><div id="a46274_88_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.235px;top:128.8px;">62</div><div id="a46274_90_12" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:544.315px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>million in </div><div id="a46278" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">2020, $</div><div id="a46278_7_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:46.773px;top:145px;">82</div><div id="a46278_9_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:60.848px;top:145px;"><div style="display:inline-block;width:3.52px"> </div>million in 2019, and $</div><div id="a46278_32_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:188.368px;top:145px;">82</div><div id="a46278_34_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:202.448px;top:145px;"><div style="display:inline-block;width:3.52px"> </div>million in 2018.</div></div><div id="TextBlockContainer846" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:616px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46288" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">We have several defined contribution plans for our international employees, each<div style="display:inline-block;width:2.07px"> </div>with its own terms and </div><div id="a46290" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">eligibility depending on location.<div style="display:inline-block;width:6.04px"> </div>Total compensation expense recognized for these international plans was </div><div id="a46291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">approximately $</div><div id="a46291_15_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:96.213px;top:32.2px;">25</div><div id="a46291_17_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:110.134px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million in 2020, $</div><div id="a46291_36_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:214.008px;top:32.2px;">30</div><div id="a46291_38_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:228.088px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million in 2019, and $</div><div id="a46291_61_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:355.608px;top:32.2px;">31</div><div id="a46291_63_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:369.688px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million in 2018.</div></div><div id="TextBlockContainer848" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:387px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46303" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Share-Based Compensation Plans</div><div id="a46307" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:206.168px;top:0px;"> </div><div id="a46308" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">The 2014 Omnibus Stock and Performance Incentive<div style="display:inline-block;width:1.93px"> </div>Plan of ConocoPhillips (the Plan) was approved<div style="display:inline-block;width:2.03px"> </div>by </div><div id="a46309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">shareholders in May 2014.<div style="display:inline-block;width:6.16px"> </div>Over its </div><div id="a46309_36_2" style="position:absolute;font-family:'Times New Roman';left:209.333px;top:32.3px;-sec-ix-hidden:ID_810;">10</div><div id="a46309_38_50" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:223.448px;top:32.3px;">-year life, the Plan allows the issuance of<div style="display:inline-block;width:2.14px"> </div>up to </div><div id="a46309_88_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.888px;top:32.3px;">79</div><div id="a46309_90_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.995px;top:32.3px;"><div style="display:inline-block;width:3.52px"> </div>million shares of our </div><div id="a46314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">common stock for compensation to our employees<div style="display:inline-block;width:2.09px"> </div>and directors; however, as of the effective date of the Plan, </div><div id="a46317" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">(i) any shares of common stock available for future<div style="display:inline-block;width:2.02px"> </div>awards under the prior plans and (ii)<div style="display:inline-block;width:2.17px"> </div>any shares of common </div><div id="a46318" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">stock represented by awards granted under the prior<div style="display:inline-block;width:2.03px"> </div>plans that are forfeited, expire or are cancelled<div style="display:inline-block;width:2.01px"> </div>without </div><div id="a46320" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">delivery of shares of common stock or which result<div style="display:inline-block;width:2.01px"> </div>in the forfeiture of shares of common stock<div style="display:inline-block;width:2.17px"> </div>back to the </div><div id="a46321" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.8px;">company shall be available for awards under the<div style="display:inline-block;width:2.06px"> </div>Plan, and no new awards shall be granted<div style="display:inline-block;width:2.17px"> </div>under the prior </div><div id="a46323" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">plans.<div style="display:inline-block;width:6.92px"> </div>Of the </div><div id="a46323_15_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:83.733px;top:128.8px;">79</div><div id="a46323_17_68" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:97.808px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>million shares available for issuance<div style="display:inline-block;width:2.17px"> </div>under the Plan, no more than </div><div id="a46323_85_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.648px;top:128.8px;">40</div><div id="a46323_87_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.795px;top:128.8px;"><div style="display:inline-block;width:3.36px"> </div>million shares of </div><div id="a46328" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">common stock are available for incentive stock<div style="display:inline-block;width:2.14px"> </div>options.<div style="display:inline-block;width:6.54px"> </div>The Human Resources and Compensation Committee </div><div id="a46329" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.1px;">of our Board of Directors is authorized to determine<div style="display:inline-block;width:2.16px"> </div>the types, terms, conditions and limitations<div style="display:inline-block;width:1.77px"> </div>of awards </div><div id="a46331" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">granted.<div style="display:inline-block;width:6.74px"> </div>Awards may be granted in the form of, but not limited to, stock options, restricted stock units<div style="display:inline-block;width:2.05px"> </div>and </div><div id="a46332" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.3px;">performance share units to employees and non-employee<div style="display:inline-block;width:1.7px"> </div>directors who contribute to the company’s continued </div><div id="a46336" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">success and profitability. </div><div id="a46338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;"> </div><div id="a46339" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.6px;">Total share-based compensation expense is measured using the grant date fair value<div style="display:inline-block;width:2.04px"> </div>for our equity-classified </div><div id="a46344" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;">awards and the settlement date fair value for our<div style="display:inline-block;width:2.14px"> </div>liability-classified awards.<div style="display:inline-block;width:6.18px"> </div>We recognize share-based </div><div id="a46350" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.8px;">compensation expense over the shorter of the service<div style="display:inline-block;width:1.85px"> </div>period (i.e., the stated period of time required<div style="display:inline-block;width:2.07px"> </div>to earn the </div><div id="a46351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">award); or the period beginning at the start of the<div style="display:inline-block;width:2.14px"> </div>service period and ending when an employee<div style="display:inline-block;width:2.03px"> </div>first becomes </div><div id="a46352" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:306px;">eligible for retirement, but not less than six months,<div style="display:inline-block;width:2.02px"> </div>as this is the minimum period of time<div style="display:inline-block;width:2.17px"> </div>required for an </div><div id="a46355" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322.1px;">award to not be subject to forfeiture.<div style="display:inline-block;width:5.78px"> </div>Our share-based compensation programs generally<div style="display:inline-block;width:2px"> </div>provide accelerated </div><div id="a46358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">vesting (i.e., a waiver of the remaining period of service<div style="display:inline-block;width:2.02px"> </div>required to earn an award) for awards held<div style="display:inline-block;width:2.19px"> </div>by </div><div id="a46360" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.3px;">employees at the time of their retirement.<div style="display:inline-block;width:5.62px"> </div>Some of our share-based awards vest ratably (i.e., portions<div style="display:inline-block;width:1.99px"> </div>of the </div><div id="a46363" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.4px;">award vest at different times) while some of our awards<div style="display:inline-block;width:2.14px"> </div>cliff vest (i.e., all of the award vests at the same time).<div style="display:inline-block;width:2.05px"> </div></div></div><div id="TextBlockContainer850" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:625px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46369" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">We recognize expense on a straight-line basis over the service period for the entire<div style="display:inline-block;width:2.11px"> </div>award, whether the award </div><div id="a46372" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">was granted with ratable or cliff vesting.</div></div><div id="TextBlockContainer853" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46376" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Compensation Expense</div><div id="a46377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:144.368px;top:0px;">—Total share-based compensation expense recognized in net income (loss) and the </div><div id="a46383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">associated tax benefit for the years ended<div style="display:inline-block;width:2.18px"> </div>December 31 were as follows: </div><div id="a46393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:46.1px;">Millions of Dollars </div><div id="a46396" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:62.9px;">2020 </div><div id="a46399" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:62.9px;">2019 </div><div id="a46402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.9px;">2018 </div><div id="a46410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.7px;">Compensation cost </div><div id="a46412" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:95.7px;">$ </div><div id="a46414" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:95.7px;">159</div><div id="a46417" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:95.7px;">274</div><div id="a46420" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:95.7px;">265</div><div id="a46422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.8px;">Tax benefit<div style="display:inline-block;width:4.16px"> </div></div><div id="a46425" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:111.8px;">40</div><div id="a46428" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:111.8px;">71</div><div id="a46431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:111.8px;">64</div></div><div id="TextBlockContainer856" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:130px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46434" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Stock Options</div><div id="a46435" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:89.168px;top:0px;">—</div><div id="a46435_1_94" style="position:absolute;font-family:'Times New Roman';left:103.248px;top:0px;">Stock options granted under the provisions of the Plan and prior plans permit purchase of our </div><div id="a46438" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:16.2px;">common stock at exercise prices equivalent to the average fair market value of ConocoPhillips common stock </div><div id="a46439" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:32.4px;">on the date the options were granted. The options have terms of 10 years and generally vest ratably, with one-</div><div id="a46443" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:48.4px;">third of the options awarded vesting and becoming exercisable on each anniversary date following the date of </div><div id="a46444" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:64.5px;">grant. Options awarded to certain employees already eligible for retirement vest within six months of the grant </div><div id="a46445" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:80.5px;">date, but those options do not become exercisable until the end of the normal vesting period. Beginning in </div><div id="a46446" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:96.7px;">2018, stock option grants were discontinued and replaced with three-year, time-vested restricted stock units </div><div id="a46451" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:112.8px;">which generally will be cash-settled</div><div id="a46451_36_60" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:206.008px;top:112.8px;"><div style="display:inline-block;width:3.52px"> </div>for 2018 and 2019 awards and stock-settled for 2020<div style="display:inline-block;width:2.06px"> </div>awards.</div></div><div id="TextBlockContainer859" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:646px;height:222px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our stock option activity<div style="display:inline-block;width:2.05px"> </div>for the year ended December 31, 2020: </div><div id="a46477" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.435px;top:30.1px;">Millions of Dollars </div><div id="a46482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:388.115px;top:48.6px;">Weighted-Average </div><div id="a46487" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:574.395px;top:48.6px;">Aggregate<div style="display:inline-block;width:3.12px"> </div></div><div id="a46490" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:291.448px;top:64.8px;">Options </div><div id="a46493" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:414.195px;top:64.8px;">Exercise Price </div><div id="a46496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:549.275px;top:64.8px;">Intrinsic Value </div><div id="a46506" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97.6px;">Outstanding at December 31, 2019 </div><div id="a46508" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:268.728px;top:97.6px;">18,040,197</div><div id="a46511" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.715px;top:97.6px;">$ </div><div id="a46513" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:459.315px;top:97.6px;">54.11</div><div id="a46516" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:571.835px;top:97.6px;">$ </div><div id="a46518" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.995px;top:97.6px;">206</div><div id="a46520" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:113.8px;">Exercised </div><div id="a46522" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.488px;top:113.8px;display:flex;">(1,111,805)</div><div id="a46526" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:113.8px;">38.80</div><div id="a46530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:113.8px;">23</div><div id="a46532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.8px;">Forfeited </div><div id="a46534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.968px;top:129.8px;display:flex;">(5,867)</div><div id="a46538" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:129.8px;">49.76</div><div id="a46543" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.9px;">Expired or cancelled </div><div id="a46545" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:327.128px;top:145.9px;">-</div><div id="a46553" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:164.5px;">Outstanding at December 31, 2020 </div><div id="a46555" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:268.728px;top:164.5px;">16,922,525</div><div id="a46558" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:166.3px;">$ </div><div id="a46560" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:164.5px;">55.12</div><div id="a46563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:571.835px;top:164.5px;">$ </div><div id="a46565" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:164.5px;">22</div><div id="a46567" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:185.5px;">Vested at December 31, 2020 </div><div id="a46569" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:268.728px;top:185.5px;">16,922,525</div><div id="a46572" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:187.2px;">$ </div><div id="a46574" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:185.5px;">55.12</div><div id="a46577" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:571.835px;top:185.5px;">$ </div><div id="a46579" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:185.5px;">22</div><div id="a46581" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:204px;">Exercisable at December 31, 2020 </div><div id="a46583" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:268.728px;top:204px;">16,922,525</div><div id="a46586" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:205.8px;">$ </div><div id="a46588" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:204px;">55.12</div><div id="a46591" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:571.835px;top:204px;">$ </div><div id="a46593" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:204px;">22</div></div><div id="TextBlockContainer862" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:114px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The weighted-average remaining contractual term<div style="display:inline-block;width:2.05px"> </div>of outstanding options, vested options and exercisable </div><div id="a46600" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">options at December 31, 2020, were all </div><div id="a46600_39_4" style="position:absolute;font-family:'Times New Roman';left:228.408px;top:16.2px;">3.66</div><div id="a46600_43_65" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:253.048px;top:16.2px;"><div style="display:inline-block;width:3.52px"> </div>years.<div style="display:inline-block;width:6.61px"> </div>The aggregate intrinsic value of options exercised<div style="display:inline-block;width:2.01px"> </div>was $</div><div id="a46600_108_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:16.2px;">39</div><div id="a46600_110_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.595px;top:16.2px;"> </div><div id="a46611" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">million in 2019 and $</div><div id="a46611_21_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:125.328px;top:32.2px;">94</div><div id="a46611_23_19" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:139.408px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>million in 2018.<div style="display:inline-block;width:2.81px"> </div></div><div id="a46616" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;"><div style="display:inline-block;width:7.04px"> </div></div><div id="a46618" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">During 2020, we received $</div><div id="a46618_26_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:160.688px;top:64.5px;">43</div><div id="a46618_28_48" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:174.648px;top:64.5px;"><div style="display:inline-block;width:3.52px"> </div>million in cash and realized a tax benefit<div style="display:inline-block;width:2.17px"> </div>of $</div><div id="a46618_76_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:431.315px;top:64.5px;">9</div><div id="a46618_77_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:438.355px;top:64.5px;"><div style="display:inline-block;width:3.52px"> </div>million from the exercise of </div><div id="a46627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">options.<div style="display:inline-block;width:6.86px"> </div>At December 31, 2020, all outstanding stock<div style="display:inline-block;width:2.14px"> </div>options were fully vested and there was no remaining </div><div id="a46631" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">compensation cost to be recorded.</div></div><div id="TextBlockContainer864" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:634px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46635" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Stock Unit Program—</div><div id="a46638" style="position:absolute;font-family:'Times New Roman';left:139.248px;top:0px;">Generally, restricted stock units are granted annually under the provisions of the Plan </div><div id="a46640" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:16.2px;">and vest in an aggregate installment on the third anniversary of the grant date. In addition, restricted stock </div><div id="a46643" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:32.2px;">units granted under the Plan for a variable long-term incentive program vest ratably in three equal annual </div><div id="a46647" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:48.3px;">installments beginning on the first anniversary of the grant date. Restricted stock units are also granted ad hoc </div><div id="a46649" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:64.3px;">to attract or retain key personnel, and the terms and conditions under which these restricted stock units vest </div><div id="a46651" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:80.5px;">vary by award</div><div id="a46651_13_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:84.848px;top:80.5px;">. </div><div id="a46654" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;"> </div><div id="a46655" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:112.6px;">Stock-Settled </div><div id="a46659" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:128.8px;">Upon vesting, these restricted stock units are settled by issuing one share of ConocoPhillips common stock per </div></div><div id="TextBlockContainer866" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46663" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:0px;">unit. Units awarded to retirement eligible employees vest six months from the grant date; however, those units </div><div id="a46667" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:16px;">are not issued as common stock until the earlier of separation from the company or the end of the regularly </div><div id="a46668" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:32.2px;">scheduled vesting period. Until issued as stock, most recipients of the restricted stock units receive a cash </div><div id="a46670" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:48.2px;">payment of a dividend equivalent that is charged to retained earnings. Executive recipients receive an accrued </div><div id="a46673" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:64.3px;">reinvested dividend equivalent, subject to the terms and conditions of the award, that is charged to retained </div><div id="a46674" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:80.5px;">earnings. The grant date fair market value of these restricted stock units is deemed equal to the average </div><div id="a46677" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:96.5px;">ConocoPhillips stock price on the grant date. The grant date fair market value of units that do not receive a </div><div id="a46678" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:112.7px;">dividend equivalent while unvested is deemed equal to the average ConocoPhillips stock price on the grant </div><div id="a46680" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:128.8px;">date, less the net present value of the dividends that will not be received</div><div id="a46680_75_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.635px;top:128.8px;">.</div></div><div id="TextBlockContainer869" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our stock-settled stock<div style="display:inline-block;width:2.09px"> </div>unit activity for the year ended December<div style="display:inline-block;width:2.08px"> </div>31, 2020: </div><div id="a46701" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.115px;top:33.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a46706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.395px;top:33.9px;">Millions of Dollars </div><div id="a46710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:279.928px;top:52.5px;">Stock Units </div><div id="a46713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.875px;top:52.5px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a46716" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.275px;top:52.5px;">Total Fair Value </div><div id="a46727" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:89px;">Outstanding at December 31, 2019 </div><div id="a46729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:285.688px;top:89px;">6,223,046</div><div id="a46732" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.835px;top:89px;">$ </div><div id="a46734" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.155px;top:89px;">55.99</div><div id="a46739" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.8px;">Granted </div><div id="a46741" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:285.688px;top:105.8px;">2,890,840</div><div id="a46745" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:105.8px;">57.40</div><div id="a46750" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:122px;">Forfeited </div><div id="a46752" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:290.808px;top:122px;display:flex;">(127,181)</div><div id="a46756" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:122px;">55.84</div><div id="a46761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:138px;">Issued </div><div id="a46763" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:280.408px;top:138px;display:flex;">(2,554,720)</div><div id="a46767" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:138px;">50.16</div><div id="a46770" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.755px;top:138px;">$ </div><div id="a46772" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.795px;top:138px;">143</div><div id="a46774" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:154.8px;">Outstanding at December 31, 2020 </div><div id="a46776" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:285.688px;top:154.8px;">6,431,985</div><div id="a46779" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:154.8px;">$ </div><div id="a46781" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:154.8px;">58.94</div><div id="a46786" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:173.8px;">Not Vested at December 31, 2020 </div><div id="a46788" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:285.688px;top:173.8px;">4,230,413</div><div id="a46792" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:173.8px;">59.01</div></div><div id="TextBlockContainer872" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:291px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46799" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">At December 31, 2020,<div style="display:inline-block;width:2.95px"> </div>the remaining unrecognized compensation<div style="display:inline-block;width:2.07px"> </div>cost from the unvested stock-settled units </div><div id="a46805" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">was $</div><div id="a46805_5_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:37.013px;top:16px;">101</div><div id="a46805_8_69" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:58.128px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, which will be recognized over<div style="display:inline-block;width:2.14px"> </div>a weighted-average period of </div><div id="a46805_77_4" style="position:absolute;font-family:'Times New Roman';left:449.235px;top:16px;">1.71</div><div id="a46805_81_27" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:473.715px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>years, the longest period </div><div id="a46811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">being </div><div id="a46811_6_4" style="position:absolute;font-family:'Times New Roman';left:39.413px;top:32.2px;">2.14</div><div id="a46811_10_97" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:63.888px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>years.<div style="display:inline-block;width:6.77px"> </div>The weighted-average grant date fair value<div style="display:inline-block;width:2.07px"> </div>of stock unit awards granted during 2019 and </div><div id="a46817" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">2018 was $</div><div id="a46817_10_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:68.528px;top:48.2px;">67.77</div><div id="a46817_15_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:100.048px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>and $</div><div id="a46817_21_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:134.288px;top:48.2px;">52.45</div><div id="a46817_26_85" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:165.648px;top:48.2px;">, respectively.<div style="display:inline-block;width:7.61px"> </div>The total fair value of stock units issued during<div style="display:inline-block;width:1.94px"> </div>2019 and 2018 was </div><div id="a46822" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">$</div><div id="a46822_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:64.3px;">225</div><div id="a46822_4_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:32.853px;top:64.3px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a46822_18_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:110.934px;top:64.3px;">154</div><div id="a46822_21_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:132.054px;top:64.3px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively. </div><div id="a46827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;"> </div><div id="a46828" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:96.5px;">Cash-Settled </div><div id="a46832" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:112.7px;">Cash settled executive restricted stock units granted in 2018 and 2019 replaced the stock option program. </div><div id="a46840" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:128.7px;">These restricted stock units, subject to elections to defer, will be settled in cash equal to the fair market value </div><div id="a46841" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:144.8px;">of a share of ConocoPhillips common stock per unit on the settlement date and are classified as liabilities on </div><div id="a46843" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:161px;">the balance sheet. Units awarded to retirement eligible employees vest six months from the grant date; </div><div id="a46847" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:177px;">however, those units are not settled until the earlier of separation from the company or the end of the regularly </div><div id="a46848" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:193.1px;">scheduled vesting period. Compensation expense is initially measured using the average fair market value of </div><div id="a46850" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:209.3px;">ConocoPhillips common stock and is subsequently adjusted, based on changes in the ConocoPhillips stock </div><div id="a46851" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:225.3px;">price through the end of each subsequent reporting period, through the settlement date. Recipients receive an </div><div id="a46853" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:241.5px;">accrued reinvested dividend equivalent that is charged to compensation expense. The accrued reinvested </div><div id="a46854" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:257.5px;">dividend is paid at the time of settlement, subject to the terms and conditions of the award. Beginning with </div><div id="a46857" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:273.6px;">executive restricted stock units granted in 2020 awards will be settled in stock.</div></div><div id="TextBlockContainer876" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_874_XBRL_TS_432f880177c846b7be633cf0d9be2da3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer875" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46865" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our cash-settled stock<div style="display:inline-block;width:2.15px"> </div>unit activity for the year ended December 31, 2020: </div><div id="a46882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.115px;top:33.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a46887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.395px;top:33.9px;">Millions of Dollars </div><div id="a46891" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:279.928px;top:52.5px;">Stock Units </div><div id="a46894" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.875px;top:52.5px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a46897" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.275px;top:52.5px;">Total Fair Value </div><div id="a46908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:89px;">Outstanding at December 31, 2019 </div><div id="a46910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:296.248px;top:89px;">596,991</div><div id="a46913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.835px;top:89px;">$ </div><div id="a46915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.155px;top:89px;">64.54</div><div id="a46920" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.8px;">Granted </div><div id="a46922" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:303.128px;top:105.8px;">24,437</div><div id="a46926" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:105.8px;">41.59</div><div id="a46931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:121.9px;">Forfeited </div><div id="a46933" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:304.888px;top:121.9px;display:flex;">(5,622)</div><div id="a46937" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:121.9px;">40.01</div><div id="a46942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:137.9px;">Issued </div><div id="a46944" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:304.888px;top:137.9px;display:flex;">(1,191)</div><div id="a46948" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:137.9px;">40.20</div><div id="a46951" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.755px;top:137.9px;">$ </div><div id="a46953" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:621.115px;top:137.9px;">-</div><div id="a46955" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:154.7px;">Outstanding at December 31, 2020 </div><div id="a46957" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:296.248px;top:154.7px;">614,615</div><div id="a46960" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:154.7px;">$ </div><div id="a46962" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:154.7px;">39.95</div><div id="a46967" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:173.8px;">Not Vested at December 31, 2020 </div><div id="a46969" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:296.248px;top:173.8px;">121,696</div><div id="a46973" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:173.8px;">39.95</div></div></div></div><div id="TextBlockContainer878" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:484px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">At December 31, 2020,<div style="display:inline-block;width:2.95px"> </div>the remaining unrecognized compensation<div style="display:inline-block;width:2.07px"> </div>cost from the unvested cash-settled units </div><div id="a46985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">was $</div><div id="a46985_5_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:37.013px;top:16px;">1</div><div id="a46985_6_69" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:44.048px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, which will be recognized over a<div style="display:inline-block;width:2.13px"> </div>weighted-average period of </div><div id="a46985_75_1" style="position:absolute;font-family:'Times New Roman';left:435.315px;top:16px;">1</div><div id="a46985_76_32" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.355px;top:16px;"><div style="display:inline-block;width:3.36px"> </div>year, the longest period being </div><div id="a46994" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:32.2px;">1.12</div><div id="a46994_4_103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:29.333px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>years.<div style="display:inline-block;width:6.77px"> </div>The weighted-average grant date fair value of<div style="display:inline-block;width:1.99px"> </div>stock unit awards granted during 2019<div style="display:inline-block;width:5.95px"> </div>and 2018 </div><div id="a47005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">were $</div><div id="a47005_6_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:42.448px;top:48.4px;">68.20</div><div id="a47005_11_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:73.968px;top:48.4px;"><div style="display:inline-block;width:3.52px"> </div>and $</div><div id="a47005_17_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:108.208px;top:48.4px;">53.68</div><div id="a47005_22_87" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:139.728px;top:48.4px;">, respectively.<div style="display:inline-block;width:7.49px"> </div>The total fair value of stock units issued during<div style="display:inline-block;width:1.97px"> </div>2019 and 2018 were $</div><div id="a47005_109_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:617.275px;top:48.4px;">6</div><div id="a47005_110_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:624.315px;top:48.4px;"> </div><div id="a47019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;">million and $</div><div id="a47019_13_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:79.408px;top:64.4px;">1</div><div id="a47019_14_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:86.448px;top:64.4px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively. </div><div id="a47023" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;"> </div><div id="a47024" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:96.5px;">Performance Share Program</div><div id="a47026" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:178.168px;top:96.5px;">—Under the Plan, we also annually grant restricted<div style="display:inline-block;width:2.01px"> </div>performance share units </div><div id="a47028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">(PSUs) to senior management.<div style="display:inline-block;width:6.02px"> </div>These PSUs are authorized three years prior to<div style="display:inline-block;width:2.14px"> </div>their effective grant date (the </div><div id="a47030" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">performance period).<div style="display:inline-block;width:6.45px"> </div>Compensation expense is initially measured<div style="display:inline-block;width:2.17px"> </div>using the average fair market value of </div><div id="a47031" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">ConocoPhillips common stock and is subsequently<div style="display:inline-block;width:1.97px"> </div>adjusted, based on changes in the ConocoPhillips<div style="display:inline-block;width:2.06px"> </div>stock </div><div id="a47033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">price through the end of each subsequent reporting<div style="display:inline-block;width:2.03px"> </div>period, through the grant date for stock-settled<div style="display:inline-block;width:2.05px"> </div>awards and </div><div id="a47036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.2px;">the settlement date for cash-settled awards.<div style="display:inline-block;width:2.28px"> </div></div><div id="a47040" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.2px;"> </div><div id="a47041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:209.3px;">Stock-Settled </div><div id="a47045" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:225.3px;">For performance periods beginning before 2009, PSUs do not vest until the employee becomes eligible for </div><div id="a47047" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:241.5px;">retirement by reaching age 55 with five years of service, and restrictions do not lapse until the employee </div><div id="a47048" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:257.7px;">separates from the company. With respect to awards for performance periods beginning in 2009 through 2012, </div><div id="a47050" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:273.7px;">PSUs do not vest until the earlier of the date the employee becomes eligible for retirement by reaching age 55 </div><div id="a47051" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:289.8px;">with five years of service or five years after the grant date of the award, and restrictions do not lapse until the </div><div id="a47052" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:305.8px;">earlier of the employee’s separation from the company or five years after the grant date (although recipients </div><div id="a47054" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:322px;">can elect to defer the lapsing of restrictions until separation). We recognize compensation expense for these </div><div id="a47055" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:338.1px;">awards beginning on the grant date and ending on the date the PSUs are scheduled to vest. Since these awards </div><div id="a47057" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:354.1px;">are authorized three years prior to the grant date, for employees eligible for retirement by or shortly after the </div><div id="a47058" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:370.3px;">grant date, we recognize compensation expense over the period beginning on the date of authorization and </div><div id="a47060" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:386.5px;">ending on the date of grant. Until issued as stock, recipients of the PSUs receive a quarterly cash payment of a </div><div id="a47061" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:402.5px;">dividend equivalent that is charged to retained earnings. Beginning in 2013, PSUs authorized for future grants </div><div id="a47062" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:418.6px;">will vest, absent employee election to defer, upon settlement following the conclusion of the three-year </div><div id="a47066" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:434.6px;">performance period. We recognize compensation expense over the period beginning on the date of </div><div id="a47067" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:450.8px;">authorization and ending on the conclusion of the performance period. PSUs are settled by issuing one share </div><div id="a47070" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:467px;">of ConocoPhillips common stock per unit.</div></div><div id="TextBlockContainer881" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our stock-settled Performance<div style="display:inline-block;width:1.8px"> </div>Share Program activity for the year ended<div style="display:inline-block;width:2.31px"> </div></div><div id="a47080" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">December 31, 2020: </div><div id="a47093" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.035px;top:49.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a47098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.555px;top:49.9px;">Millions of Dollars </div><div id="a47102" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:66.6px;">Stock Units </div><div id="a47105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:66.6px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a47108" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:66.6px;">Total Fair Value </div><div id="a47118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Outstanding at December 31, 2019 </div><div id="a47120" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:275.768px;top:99.5px;">2,024,824</div><div id="a47123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:412.755px;top:100.2px;">$ </div><div id="a47125" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:457.235px;top:99.5px;">50.55</div><div id="a47130" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:116.3px;">Granted </div><div id="a47132" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:293.208px;top:116.3px;">26,244</div><div id="a47136" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:116.3px;">58.61</div><div id="a47141" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Forfeited </div><div id="a47143" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:327.128px;top:132.5px;">-</div><div id="a47151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.5px;">Issued </div><div id="a47153" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:280.888px;top:148.5px;display:flex;">(314,340)</div><div id="a47157" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:148.5px;">51.15</div><div id="a47160" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.915px;top:148.5px;">$ </div><div id="a47162" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.675px;top:148.5px;">13</div><div id="a47164" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:165.3px;">Outstanding at December 31, 2020 </div><div id="a47167" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:275.768px;top:165.3px;">1,736,728</div><div id="a47170" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:165.3px;">$ </div><div id="a47172" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:165.3px;">50.56</div><div id="a47177" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:184.3px;">Not Vested at December 31, 2020 </div><div id="a47179" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:300.248px;top:184.3px;">3,191</div><div id="a47182" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:184.3px;">$ </div><div id="a47184" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:184.3px;">48.61</div></div><div id="TextBlockContainer884" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:452px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47191" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">At December 31, 2020,<div style="display:inline-block;width:2.95px"> </div>the remaining unrecognized compensation<div style="display:inline-block;width:2.07px"> </div>cost from unvested stock-settled </div><div id="a47196" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">performance share awards was </div><div id="a47196_29_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:180.373px;top:16px;">zero</div><div id="a47196_33_76" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:204.533px;top:16px;">.<div style="display:inline-block;width:6.88px"> </div>The weighted-average grant date fair value of<div style="display:inline-block;width:2.18px"> </div>stock-settled PSUs granted </div><div id="a47201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">during 2019 and 2018 was $</div><div id="a47201_26_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:163.728px;top:32.2px;">68.90</div><div id="a47201_31_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:195.448px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>and $</div><div id="a47201_37_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:229.528px;top:32.2px;">53.28</div><div id="a47201_42_67" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:261.208px;top:32.2px;">, respectively.<div style="display:inline-block;width:7.29px"> </div>The total fair value of stock-settled PSUs issued </div><div id="a47210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">during 2019 and 2018 was $</div><div id="a47210_26_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:163.728px;top:48.2px;">25</div><div id="a47210_28_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:177.848px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a47210_42_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:256.088px;top:48.2px;">29</div><div id="a47210_44_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:48.2px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively. </div><div id="a47218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;"> </div><div id="a47219" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:80.5px;">Cash-Settled </div><div id="a47223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">In connection with and immediately following the<div style="display:inline-block;width:2.17px"> </div>separation of our Downstream businesses<div style="display:inline-block;width:2.01px"> </div>in 2012, grants of </div><div id="a47224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">new PSUs, subject to a shortened performance<div style="display:inline-block;width:2.15px"> </div>period, were authorized.<div style="display:inline-block;width:6.05px"> </div>Once granted, these PSUs vest, absent </div><div id="a47226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.6px;">employee election to defer, on the earlier of five years after<div style="display:inline-block;width:2.18px"> </div>the grant date of the award or the date the </div><div id="a47227" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">employee becomes eligible for retirement.<div style="display:inline-block;width:5.75px"> </div>For employees eligible for retirement by or shortly<div style="display:inline-block;width:2.07px"> </div>after the grant </div><div id="a47230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">date, we recognize compensation expense<div style="display:inline-block;width:2.18px"> </div>over the period beginning on the date of authorization<div style="display:inline-block;width:1.87px"> </div>and ending on </div><div id="a47231" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">the date of grant.<div style="display:inline-block;width:6.53px"> </div>Otherwise, we recognize compensation expense<div style="display:inline-block;width:2.01px"> </div>beginning on the grant date and ending on </div><div id="a47233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">the date the PSUs are scheduled to vest.<div style="display:inline-block;width:5.8px"> </div>These PSUs are settled in cash equal to the fair<div style="display:inline-block;width:1.86px"> </div>market value of a </div><div id="a47234" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">share of ConocoPhillips common stock per unit<div style="display:inline-block;width:2.13px"> </div>on the settlement date and thus are classified<div style="display:inline-block;width:2.04px"> </div>as liabilities on </div><div id="a47235" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">the balance sheet.<div style="display:inline-block;width:6.4px"> </div>Until settlement occurs, recipients of the PSUs receive<div style="display:inline-block;width:1.99px"> </div>a quarterly cash payment of a </div><div id="a47237" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">dividend equivalent that is charged to compensation expense. </div><div id="a47239" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a47241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.6px;">Beginning in 2013, PSUs authorized for future grants<div style="display:inline-block;width:1.93px"> </div>will vest upon settlement following the conclusion<div style="display:inline-block;width:2.03px"> </div>of the </div><div id="a47242" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">three-year performance period.<div style="display:inline-block;width:6.07px"> </div>We recognize compensation expense over the period beginning on the date of </div><div id="a47247" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">authorization and ending at the conclusion of<div style="display:inline-block;width:2.17px"> </div>the performance period.<div style="display:inline-block;width:6.25px"> </div>These PSUs will be settled in cash equal </div><div id="a47248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:321.9px;">to the fair market value of a share of ConocoPhillips<div style="display:inline-block;width:1.95px"> </div>common stock per unit on the settlement date<div style="display:inline-block;width:2.13px"> </div>and are </div><div id="a47250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:337.9px;">classified as liabilities on the balance sheet.<div style="display:inline-block;width:5.74px"> </div>For performance periods beginning before<div style="display:inline-block;width:1.99px"> </div>2018, during the </div><div id="a47251" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:354.1px;">performance period, recipients of the PSUs do<div style="display:inline-block;width:2.08px"> </div>not receive a quarterly cash payment of a dividend<div style="display:inline-block;width:2.17px"> </div>equivalent, </div><div id="a47253" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:370.3px;">but after the performance period ends, until<div style="display:inline-block;width:2.05px"> </div>settlement in cash occurs, recipients of the PSUs<div style="display:inline-block;width:2.13px"> </div>receive a </div><div id="a47254" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:386.3px;">quarterly cash payment of a dividend equivalent<div style="display:inline-block;width:2.1px"> </div>that is charged to compensation expense.<div style="display:inline-block;width:6.15px"> </div>For the performance </div><div id="a47256" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:402.4px;">period beginning in 2018, recipients of the PSUs<div style="display:inline-block;width:2.11px"> </div>receive an accrued reinvested dividend equivalent<div style="display:inline-block;width:2.13px"> </div>that is </div><div id="a47258" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:418.6px;">charged to compensation expense.<div style="display:inline-block;width:6.31px"> </div>The accrued reinvested dividend is paid at<div style="display:inline-block;width:2.14px"> </div>the time of settlement, subject to </div><div id="a47259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:434.6px;">the terms and conditions of the award.</div></div><div id="TextBlockContainer887" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47267" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our cash-settled Performance<div style="display:inline-block;width:1.87px"> </div>Share Program activity for the year ended<div style="display:inline-block;width:2.31px"> </div></div><div id="a47272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">December 31, 2020: </div><div id="a47285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.035px;top:49.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a47290" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.555px;top:49.9px;">Millions of Dollars </div><div id="a47293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:66.6px;">Stock Units </div><div id="a47296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:66.6px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a47299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:66.6px;">Total Fair Value </div><div id="a47309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Outstanding at December 31, 2019 </div><div id="a47311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:286.328px;top:99.5px;">609,274</div><div id="a47314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:412.755px;top:100.2px;">$ </div><div id="a47316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:457.235px;top:99.5px;">64.54</div><div id="a47321" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:116.3px;">Granted </div><div id="a47323" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:275.768px;top:116.3px;">1,491,098</div><div id="a47327" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:116.3px;">58.61</div><div id="a47332" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Forfeited </div><div id="a47334" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:327.128px;top:132.5px;">-</div><div id="a47342" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.5px;">Settled </div><div id="a47344" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.488px;top:148.5px;display:flex;">(1,975,843)</div><div id="a47348" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:148.5px;">58.54</div><div id="a47351" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.915px;top:148.5px;">$ </div><div id="a47353" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.795px;top:148.5px;">116</div><div id="a47355" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:165.3px;">Outstanding at December 31, 2020 </div><div id="a47358" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:286.328px;top:165.3px;">124,529</div><div id="a47361" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:165.3px;">$ </div><div id="a47363" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:165.3px;">39.95</div></div><div id="TextBlockContainer890" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:226px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47370" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">At December 31, 2020, all outstanding cash-settled<div style="display:inline-block;width:2px"> </div>performance awards were fully vested and there<div style="display:inline-block;width:1.99px"> </div>was </div><div id="a47370_102_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:593.235px;top:0px;">no</div><div id="a47370_104_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.155px;top:0px;"> </div><div id="a47378" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">remaining compensation cost to be recorded.<div style="display:inline-block;width:5.7px"> </div>The weighted-average grant date fair value<div style="display:inline-block;width:2.06px"> </div>of cash-settled PSUs </div><div id="a47385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">granted during 2019 and 2018 was $</div><div id="a47385_34_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:209.368px;top:32.2px;">68.90</div><div id="a47385_39_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:240.888px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>and $</div><div id="a47385_45_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:275.128px;top:32.2px;">53.28</div><div id="a47385_50_54" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:306.648px;top:32.2px;">, respectively.<div style="display:inline-block;width:7.45px"> </div>The total fair value of cash-settled </div><div id="a47393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">performance share awards settled during 2019<div style="display:inline-block;width:2.09px"> </div>and 2018 was $</div><div id="a47393_59_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:354.355px;top:48.4px;">171</div><div id="a47393_62_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:375.475px;top:48.4px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a47393_76_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:453.555px;top:48.4px;">22</div><div id="a47393_78_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.635px;top:48.4px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively. </div><div id="a47401" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.4px;"> </div><div id="a47402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">From inception of the Performance Share Program<div style="display:inline-block;width:2.09px"> </div>through 2013, approved PSU awards<div style="display:inline-block;width:2.11px"> </div>were granted after the </div><div id="a47404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">conclusion of performance periods.<div style="display:inline-block;width:6.08px"> </div></div><div id="a47404_36_74" style="position:absolute;font-family:'Times New Roman';left:210.168px;top:96.5px;">Beginning in February 2014, initial target PSU awards are issued near the </div><div id="a47409" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:112.7px;">beginning of new performance periods. These initial target PSU awards will terminate at the end of the </div><div id="a47412" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:128.8px;">performance periods and will be settled after the performance periods have ended. Also in 2014, initial target </div><div id="a47414" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:144.8px;">PSU awards were issued for open performance periods that began in prior years. For the open performance </div><div id="a47420" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:161px;">period beginning in 2012, the initial target PSU awards terminated at the end of the three-year performance </div><div id="a47428" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:177.2px;">period and were replaced with approved PSU awards. For the open performance period beginning in 2013, the </div><div id="a47437" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:193.2px;">initial target PSU awards terminated at the end of the three-year performance period and were settled after the </div><div id="a47449" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:209.3px;">performance period ended.</div><div id="a47449_25_60" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:155.248px;top:209.3px;"><div style="display:inline-block;width:6.88px"> </div>There is no effect on recognition of compensation expense.</div></div><div id="TextBlockContainer892" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:81px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47454" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Other</div><div id="a47455" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:40.533px;top:0px;">—In addition to the above active programs,<div style="display:inline-block;width:2.04px"> </div>we have outstanding shares of restricted stock and<div style="display:inline-block;width:2.18px"> </div>restricted </div><div id="a47459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">stock units that were either issued as part of<div style="display:inline-block;width:2.18px"> </div>our non-employee director compensation program<div style="display:inline-block;width:2.05px"> </div>for current and </div><div id="a47463" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">former members of the company’s Board of Directors or as part of an executive<div style="display:inline-block;width:2.02px"> </div>compensation program that </div><div id="a47466" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">has been discontinued.<div style="display:inline-block;width:6.37px"> </div>Generally, the recipients of the restricted shares or units receive a dividend<div style="display:inline-block;width:2.18px"> </div>or dividend </div><div id="a47468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">equivalent.</div></div><div id="TextBlockContainer895" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47471" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes the aggregate activity<div style="display:inline-block;width:1.96px"> </div>of these restricted shares and units for the<div style="display:inline-block;width:2.12px"> </div>year ended<div style="display:inline-block;width:3.21px"> </div></div><div id="a47473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">December 31, 2020: </div><div id="a47486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.035px;top:49.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a47491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.555px;top:49.9px;">Millions of Dollars </div><div id="a47494" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:66.6px;">Stock Units </div><div id="a47497" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:66.6px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a47500" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:66.6px;">Total Fair Value </div><div id="a47510" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Outstanding at December 31, 2019 </div><div id="a47512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:286.328px;top:99.5px;">991,908</div><div id="a47515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:412.755px;top:100.3px;">$ </div><div id="a47517" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:457.235px;top:99.5px;">47.24</div><div id="a47522" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:116.3px;">Granted </div><div id="a47524" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:293.208px;top:116.3px;">77,824</div><div id="a47528" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:116.3px;">51.46</div><div id="a47533" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Cancelled </div><div id="a47535" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.968px;top:132.5px;display:flex;">(1,336)</div><div id="a47539" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:132.5px;">23.09</div><div id="a47544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.5px;">Issued </div><div id="a47546" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:287.928px;top:148.5px;display:flex;">(98,297)</div><div id="a47550" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:148.5px;">45.57</div><div id="a47553" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.915px;top:148.5px;">$ </div><div id="a47555" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:618.715px;top:148.5px;">6</div><div id="a47557" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:165.3px;">Outstanding at December 31, 2020 </div><div id="a47560" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:286.328px;top:165.3px;">970,099</div><div id="a47563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:165.3px;">$ </div><div id="a47565" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:165.3px;">47.78</div></div><div id="TextBlockContainer898" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:619px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47572" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">At December 31, 2020, all outstanding restricted<div style="display:inline-block;width:1.99px"> </div>stock and restricted stock units were fully vested<div style="display:inline-block;width:2.07px"> </div>and there </div><div id="a47574" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">was </div><div id="a47574_4_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:30.133px;top:16px;">no</div><div id="a47574_6_99" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:44.053px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>remaining compensation cost to be recorded.<div style="display:inline-block;width:5.51px"> </div>The weighted-average grant date fair value of awards </div><div id="a47577" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">granted during 2019 and 2018 was $</div><div id="a47577_34_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:209.368px;top:32.2px;">63.58</div><div id="a47577_39_6" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:240.888px;top:32.2px;"><div style="display:inline-block;width:3.52px"> </div>and $</div><div id="a47577_45_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:275.128px;top:32.2px;">62.01</div><div id="a47577_50_55" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:306.648px;top:32.2px;">, respectively.<div style="display:inline-block;width:7.48px"> </div>The total fair value of awards issued </div><div id="a47584" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">during 2019 and 2018 was $</div><div id="a47584_26_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:163.728px;top:48.3px;">11</div><div id="a47584_28_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:177.848px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a47584_42_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:256.088px;top:48.3px;">17</div><div id="a47584_44_23" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively.</div></div> <div id="TextBlockContainer776" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:508px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_774_XBRL_CS_5fa2d94144b84c319a703b6617cc79e7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer775" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:508px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">An analysis of the projected benefit obligations<div style="display:inline-block;width:2.13px"> </div>for our pension plans and accumulated benefit<div style="display:inline-block;width:2.01px"> </div>obligations for </div><div id="a42360" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">our postretirement health and life insurance plans<div style="display:inline-block;width:2.1px"> </div>follows: </div><div id="a42376" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:390.035px;top:45.9px;">Millions of Dollars </div><div id="a42379" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.328px;top:62.7px;">Pension Benefits </div><div id="a42382" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.355px;top:62.7px;">Other Benefits </div><div id="a42385" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:305.688px;top:79.5px;">2020 </div><div id="a42388" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.355px;top:79.5px;">2019 </div><div id="a42391" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:539.835px;top:79.5px;">2020 </div><div id="a42394" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:79.5px;">2019 </div><div id="a42397" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.808px;top:96.3px;">U.S. </div><div id="a42400" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:351.795px;top:96.3px;">Int’l. </div><div id="a42403" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:96.3px;">U.S. </div><div id="a42406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.035px;top:96.3px;">Int’l. </div><div id="a42412" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:113px;">Change in Benefit Obligation </div><div id="a42426" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.1px;">Benefit obligation at January 1 </div><div id="a42428" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:129.1px;">$ </div><div id="a42430" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:129.1px;">2,319</div><div id="a42433" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:129.1px;">3,880</div><div id="a42436" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:129.1px;">2,136</div><div id="a42439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:129.1px;">3,438</div><div id="a42442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:129.1px;">216</div><div id="a42445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:129.1px;">218</div><div id="a42447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.3px;">Service cost </div><div id="a42450" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.688px;top:145.3px;">85</div><div id="a42453" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.635px;top:145.3px;">54</div><div id="a42456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:425.715px;top:145.3px;">79</div><div id="a42459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.635px;top:145.3px;">69</div><div id="a42462" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:556.795px;top:145.3px;">2</div><div id="a42465" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:145.3px;">1</div><div id="a42467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.3px;">Interest cost </div><div id="a42470" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.688px;top:161.3px;">66</div><div id="a42473" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.635px;top:161.3px;">85</div><div id="a42476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:425.715px;top:161.3px;">79</div><div id="a42479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:487.635px;top:161.3px;">97</div><div id="a42482" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:556.795px;top:161.3px;">6</div><div id="a42485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:161.3px;">8</div><div id="a42487" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.4px;">Plan participant contributions </div><div id="a42490" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:177.4px;">-</div><div id="a42493" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:177.4px;">1</div><div id="a42496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:177.4px;">-</div><div id="a42499" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.675px;top:177.4px;">2</div><div id="a42502" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:549.755px;top:177.4px;">18</div><div id="a42505" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:177.4px;">20</div><div id="a42507" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.4px;">Plan amendments </div><div id="a42510" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:193.4px;">-</div><div id="a42513" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:193.4px;">2</div><div id="a42516" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:193.4px;">-</div><div id="a42519" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:497.075px;top:193.4px;">-</div><div id="a42522" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.475px;top:193.4px;display:flex;">(30)</div><div id="a42525" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:193.4px;">-</div><div id="a42527" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.6px;">Actuarial loss </div><div id="a42530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.808px;top:209.6px;">319</div><div id="a42533" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:209.6px;">398</div><div id="a42536" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:209.6px;">278</div><div id="a42539" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:209.6px;">387</div><div id="a42542" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:556.795px;top:209.6px;">7</div><div id="a42545" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:209.6px;">27</div><div id="a42547" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.8px;">Benefits paid </div><div id="a42550" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:289.368px;top:225.8px;display:flex;">(241)</div><div id="a42553" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:351.315px;top:225.8px;display:flex;">(151)</div><div id="a42556" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.395px;top:225.8px;display:flex;">(253)</div><div id="a42559" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:475.315px;top:225.8px;display:flex;">(147)</div><div id="a42562" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.475px;top:225.8px;display:flex;">(49)</div><div id="a42565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:225.8px;display:flex;">(59)</div><div id="a42567" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.8px;">Curtailment </div><div id="a42570" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:241.8px;">-</div><div id="a42573" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:241.8px;">2</div><div id="a42576" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:241.8px;">-</div><div id="a42579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:482.355px;top:241.8px;display:flex;">(69)</div><div id="a42582" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:241.8px;">-</div><div id="a42585" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:241.8px;">-</div><div id="a42587" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.9px;">Recognition of termination benefits </div><div id="a42590" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:257.9px;">-</div><div id="a42593" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:257.9px;">3</div><div id="a42596" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:257.9px;">-</div><div id="a42599" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.675px;top:257.9px;">1</div><div id="a42602" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:257.9px;">-</div><div id="a42605" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:257.9px;">-</div><div id="a42607" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:274.1px;">Foreign currency exchange rate change </div><div id="a42610" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:274.1px;">-</div><div id="a42613" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:274.1px;">129</div><div id="a42616" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:274.1px;">-</div><div id="a42619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:274.1px;">102</div><div id="a42622" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:274.1px;">-</div><div id="a42625" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:274.1px;">1</div><div id="a42627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:290.7px;">Benefit obligation at December 31</div><div id="a42628" style="position:absolute;font-family:'Times New Roman';font-size:9.28px;font-weight:normal;font-style:normal;left:198.488px;top:290.5px;">*</div><div id="a42630" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:290.7px;">$ </div><div id="a42632" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:290.7px;">2,548</div><div id="a42635" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:290.7px;">4,403</div><div id="a42638" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:290.7px;">2,319</div><div id="a42641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:290.7px;">3,880</div><div id="a42644" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:290.7px;">170</div><div id="a42647" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:290.7px;">216</div><div id="a42649" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:310px;">*Accumulated benefit obligation portion of above at </div><div id="a42663" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:326px;"><div style="display:inline-block;width:5.44px"> </div>December 31: </div><div id="a42666" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:257.688px;top:326px;">$ </div><div id="a42668" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:291.768px;top:329.8px;">2,359</div><div id="a42671" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:353.715px;top:329.8px;">4,095</div><div id="a42674" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:415.795px;top:329.8px;">2,161</div><div id="a42677" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:477.715px;top:329.8px;">3,594</div><div id="a42696" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:358.3px;">Change in Fair Value of Plan Assets </div><div id="a42710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:374.3px;">Fair value of plan assets at January 1 </div><div id="a42712" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:374.3px;">$ </div><div id="a42714" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:374.3px;">1,591</div><div id="a42717" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:374.3px;">4,306</div><div id="a42720" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:374.3px;">1,336</div><div id="a42723" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:374.3px;">3,358</div><div id="a42726" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:374.3px;">-</div><div id="a42729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:374.3px;">-</div><div id="a42731" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:390.4px;">Actual return on plan assets </div><div id="a42734" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.808px;top:390.4px;">321</div><div id="a42737" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:390.4px;">416</div><div id="a42740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:390.4px;">273</div><div id="a42743" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:390.4px;">529</div><div id="a42746" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:390.4px;">-</div><div id="a42749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:390.4px;">-</div><div id="a42751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:406.4px;">Company contributions </div><div id="a42754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.688px;top:406.4px;">99</div><div id="a42757" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.635px;top:406.4px;">60</div><div id="a42760" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:418.835px;top:406.4px;">235</div><div id="a42763" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:406.4px;">464</div><div id="a42766" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:549.755px;top:406.4px;">31</div><div id="a42769" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:406.4px;">39</div><div id="a42771" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:422.6px;">Plan participant contributions </div><div id="a42774" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:422.6px;">-</div><div id="a42777" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.675px;top:422.6px;">1</div><div id="a42780" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:422.6px;">-</div><div id="a42783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.675px;top:422.6px;">2</div><div id="a42786" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:549.755px;top:422.6px;">18</div><div id="a42789" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:422.6px;">20</div><div id="a42791" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:438.8px;">Benefits paid </div><div id="a42794" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:289.368px;top:438.8px;display:flex;">(241)</div><div id="a42797" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:351.315px;top:438.8px;display:flex;">(151)</div><div id="a42800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.395px;top:438.8px;display:flex;">(253)</div><div id="a42803" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:475.315px;top:438.8px;display:flex;">(147)</div><div id="a42806" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:544.475px;top:438.8px;display:flex;">(49)</div><div id="a42809" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:438.8px;display:flex;">(59)</div><div id="a42811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:454.8px;">Foreign currency exchange rate change </div><div id="a42814" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:311.128px;top:454.8px;">-</div><div id="a42817" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:454.8px;">161</div><div id="a42820" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.155px;top:454.8px;">-</div><div id="a42823" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:454.8px;">100</div><div id="a42826" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:454.8px;">-</div><div id="a42829" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:454.8px;">-</div><div id="a42831" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:471.6px;">Fair value of plan assets at December 31 </div><div id="a42833" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:471.6px;">$ </div><div id="a42835" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:284.248px;top:471.6px;">1,770</div><div id="a42838" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:346.195px;top:471.6px;">4,793</div><div id="a42841" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:408.275px;top:471.6px;">1,591</div><div id="a42844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:470.195px;top:471.6px;">4,306</div><div id="a42847" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:559.195px;top:471.6px;">-</div><div id="a42850" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:471.6px;">-</div><div id="a42852" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:490.6px;">Funded Status </div><div id="a42854" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:257.688px;top:490.6px;">$ </div><div id="a42856" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:289.368px;top:490.6px;display:flex;">(778)</div><div id="a42859" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.755px;top:490.6px;">390</div><div id="a42862" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.395px;top:490.6px;display:flex;">(728)</div><div id="a42865" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.755px;top:490.6px;">426</div><div id="a42868" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:537.435px;top:490.6px;display:flex;">(170)</div><div id="a42871" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:490.6px;display:flex;">(216)</div></div></div></div> 2319000000 3880000000 2136000000 3438000000 216000000 218000000 85000000 54000000 79000000 69000000 2000000 1000000 66000000 85000000 79000000 97000000 6000000 8000000 0 1000000 0 2000000 18000000 20000000 0 2000000 0 0 -30000000 0 -319000000 -398000000 -278000000 -387000000 -7000000 -27000000 241000000 151000000 253000000 147000000 49000000 59000000 0 -2000000 0 69000000 0 0 0 3000000 0 1000000 0 0 0 129000000 0 102000000 0 1000000 2548000000 4403000000 2319000000 3880000000 170000000 216000000 2359000000 4095000000 2161000000 3594000000 1591000000 4306000000 1336000000 3358000000 0 0 321000000 416000000 273000000 529000000 0 0 99000000 60000000 235000000 464000000 31000000 39000000 0 1000000 0 2000000 18000000 20000000 241000000 151000000 253000000 147000000 49000000 59000000 0 161000000 0 100000000 0 0 1770000000 4793000000 1591000000 4306000000 0 0 -778000000 390000000 -728000000 426000000 -170000000 -216000000 <div id="TextBlockContainer782" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:459px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_778_XBRL_TS_32ad13cf7ece40ebae81169136da5e9e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer781" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:459px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_779_XBRL_CS_7f17d33dab8b494ebd1b2d62b1b96318" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer780" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:459px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42878" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.595px;top:0px;">Millions of Dollars </div><div id="a42882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.955px;top:16.7px;">Pension Benefits </div><div id="a42885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:16.7px;">Other Benefits </div><div id="a42889" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:318.328px;top:33.5px;">2020 </div><div id="a42892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.315px;top:33.5px;">2019 </div><div id="a42895" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:33.5px;">2020 </div><div id="a42898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:33.5px;">2019 </div><div id="a42902" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:304.888px;top:50.3px;">U.S. </div><div id="a42905" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.955px;top:50.3px;">Int’l. </div><div id="a42908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.955px;top:50.3px;">U.S. </div><div id="a42911" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:484.115px;top:50.3px;">Int’l. </div><div id="a42917" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67.1px;">Amounts Recognized in the<div style="display:inline-block;width:2.58px"> </div></div><div id="a42932" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:83.1px;">Consolidated Balance Sheet at<div style="display:inline-block;width:2.48px"> </div></div><div id="a42947" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:99.2px;">December 31 </div><div id="a42961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:115.4px;">Noncurrent assets </div><div id="a42963" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.808px;top:115.4px;">$ </div><div id="a42965" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:321.208px;top:115.4px;">-</div><div id="a42968" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:115.4px;">746</div><div id="a42971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.275px;top:115.4px;">-</div><div id="a42974" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:115.4px;">765</div><div id="a42977" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:562.235px;top:115.4px;">-</div><div id="a42980" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:115.4px;">-</div><div id="a42982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:133.1px;">Current liabilities </div><div id="a42985" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:306.488px;top:133.1px;display:flex;">(56)</div><div id="a42988" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.515px;top:133.1px;display:flex;">(11)</div><div id="a42991" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:429.555px;top:133.1px;display:flex;">(21)</div><div id="a42994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:495.475px;top:133.1px;display:flex;">(6)</div><div id="a42997" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:547.515px;top:133.1px;display:flex;">(39)</div><div id="a43000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:133.1px;display:flex;">(42)</div><div id="a43002" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:151.1px;">Noncurrent liabilities </div><div id="a43005" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:299.448px;top:151.1px;display:flex;">(722)</div><div id="a43008" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.475px;top:151.1px;display:flex;">(345)</div><div id="a43011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.515px;top:151.1px;display:flex;">(707)</div><div id="a43014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.395px;top:151.1px;display:flex;">(333)</div><div id="a43017" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:151.1px;display:flex;">(131)</div><div id="a43020" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:151.1px;display:flex;">(174)</div><div id="a43022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:169.6px;">Total recognized </div><div id="a43024" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.808px;top:169.6px;">$ </div><div id="a43026" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:299.448px;top:169.6px;display:flex;">(778)</div><div id="a43029" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:169.6px;">390</div><div id="a43032" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.515px;top:169.6px;display:flex;">(728)</div><div id="a43035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:169.6px;">426</div><div id="a43038" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:169.6px;display:flex;">(170)</div><div id="a43041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:169.6px;display:flex;">(216)</div><div id="a43057" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:208.5px;">Weighted-Average Assumptions Used to<div style="display:inline-block;width:3.93px"> </div></div><div id="a43074" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:226.5px;">Determine Benefit Obligations at<div style="display:inline-block;width:2.41px"> </div></div><div id="a43089" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:244.4px;">December 31 </div><div id="a43103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.3px;">Discount rate </div><div id="a43106" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:262.3px;">2.30</div><div id="a43108" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:329.688px;top:264.1px;">% </div><div id="a43110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:262.3px;">1.80</div><div id="a43113" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:262.3px;">3.25</div><div id="a43116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:262.3px;">2.35</div><div id="a43119" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.395px;top:262.3px;">2.15</div><div id="a43122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:262.3px;">3.10</div><div id="a43124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:280.2px;">Rate of compensation increase </div><div id="a43127" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:280.2px;">4.00</div><div id="a43130" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:280.2px;">3.10</div><div id="a43133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:280.2px;">4.00</div><div id="a43136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:280.2px;">3.35</div><div id="a43142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:298px;">Interest crediting rate for applicable benefits </div><div id="a43145" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:298px;">2.10</div><div id="a43148" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:298px;">-</div><div id="a43151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:298px;">4.10</div><div id="a43154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:503.155px;top:298px;">-</div><div id="a43174" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:334.5px;">Weighted-Average Assumptions Used to<div style="display:inline-block;width:3.93px"> </div></div><div id="a43191" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:352.4px;">Determine Net Periodic Benefit Cost for<div style="display:inline-block;width:2.32px"> </div></div><div id="a43206" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:370.3px;">Years<div style="display:inline-block;width:4.93px"> </div>Ended December 31 </div><div id="a43220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:388.2px;">Discount rate </div><div id="a43223" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:388.2px;">3.05</div><div id="a43225" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:329.688px;top:390px;">% </div><div id="a43227" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:388.2px;">2.35</div><div id="a43230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:388.2px;">3.95</div><div id="a43233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:388.2px;">2.90</div><div id="a43236" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.395px;top:388.2px;">3.10</div><div id="a43239" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:388.2px;">4.05</div><div id="a43241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:406.1px;">Expected return on plan assets </div><div id="a43244" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:406.1px;">5.80</div><div id="a43247" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:406.1px;">3.60</div><div id="a43250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:406.1px;">5.80</div><div id="a43253" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:406.1px;">4.10</div><div id="a43259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:424.1px;">Rate of compensation increase </div><div id="a43262" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:424.1px;">4.00</div><div id="a43265" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:424.1px;">3.35</div><div id="a43268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:424.1px;">4.00</div><div id="a43271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:424.1px;">3.65</div><div id="a43277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:442px;">Interest crediting rate for applicable benefits </div><div id="a43280" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:442px;">4.10</div><div id="a43283" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:442px;">-</div><div id="a43286" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:442px;">4.35</div><div id="a43289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:503.155px;top:442px;">-</div></div></div></div></div></div> <div id="TextBlockContainer781" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:459px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_779_XBRL_CS_7f17d33dab8b494ebd1b2d62b1b96318" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer780" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:459px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a42878" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.595px;top:0px;">Millions of Dollars </div><div id="a42882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:343.955px;top:16.7px;">Pension Benefits </div><div id="a42885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:16.7px;">Other Benefits </div><div id="a42889" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:318.328px;top:33.5px;">2020 </div><div id="a42892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.315px;top:33.5px;">2019 </div><div id="a42895" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:33.5px;">2020 </div><div id="a42898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:33.5px;">2019 </div><div id="a42902" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:304.888px;top:50.3px;">U.S. </div><div id="a42905" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.955px;top:50.3px;">Int’l. </div><div id="a42908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.955px;top:50.3px;">U.S. </div><div id="a42911" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:484.115px;top:50.3px;">Int’l. </div><div id="a42917" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67.1px;">Amounts Recognized in the<div style="display:inline-block;width:2.58px"> </div></div><div id="a42932" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:83.1px;">Consolidated Balance Sheet at<div style="display:inline-block;width:2.48px"> </div></div><div id="a42947" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:99.2px;">December 31 </div><div id="a42961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:115.4px;">Noncurrent assets </div><div id="a42963" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.808px;top:115.4px;">$ </div><div id="a42965" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:321.208px;top:115.4px;">-</div><div id="a42968" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:115.4px;">746</div><div id="a42971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.275px;top:115.4px;">-</div><div id="a42974" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:115.4px;">765</div><div id="a42977" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:562.235px;top:115.4px;">-</div><div id="a42980" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:115.4px;">-</div><div id="a42982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:133.1px;">Current liabilities </div><div id="a42985" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:306.488px;top:133.1px;display:flex;">(56)</div><div id="a42988" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:370.515px;top:133.1px;display:flex;">(11)</div><div id="a42991" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:429.555px;top:133.1px;display:flex;">(21)</div><div id="a42994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:495.475px;top:133.1px;display:flex;">(6)</div><div id="a42997" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:547.515px;top:133.1px;display:flex;">(39)</div><div id="a43000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:133.1px;display:flex;">(42)</div><div id="a43002" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:151.1px;">Noncurrent liabilities </div><div id="a43005" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:299.448px;top:151.1px;display:flex;">(722)</div><div id="a43008" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.475px;top:151.1px;display:flex;">(345)</div><div id="a43011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.515px;top:151.1px;display:flex;">(707)</div><div id="a43014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:481.395px;top:151.1px;display:flex;">(333)</div><div id="a43017" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:151.1px;display:flex;">(131)</div><div id="a43020" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:151.1px;display:flex;">(174)</div><div id="a43022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:169.6px;">Total recognized </div><div id="a43024" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.808px;top:169.6px;">$ </div><div id="a43026" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:299.448px;top:169.6px;display:flex;">(778)</div><div id="a43029" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:169.6px;">390</div><div id="a43032" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.515px;top:169.6px;display:flex;">(728)</div><div id="a43035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:169.6px;">426</div><div id="a43038" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:169.6px;display:flex;">(170)</div><div id="a43041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:169.6px;display:flex;">(216)</div><div id="a43057" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:208.5px;">Weighted-Average Assumptions Used to<div style="display:inline-block;width:3.93px"> </div></div><div id="a43074" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:226.5px;">Determine Benefit Obligations at<div style="display:inline-block;width:2.41px"> </div></div><div id="a43089" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:244.4px;">December 31 </div><div id="a43103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.3px;">Discount rate </div><div id="a43106" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:262.3px;">2.30</div><div id="a43108" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:329.688px;top:264.1px;">% </div><div id="a43110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:262.3px;">1.80</div><div id="a43113" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:262.3px;">3.25</div><div id="a43116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:262.3px;">2.35</div><div id="a43119" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.395px;top:262.3px;">2.15</div><div id="a43122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:262.3px;">3.10</div><div id="a43124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:280.2px;">Rate of compensation increase </div><div id="a43127" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:280.2px;">4.00</div><div id="a43130" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:280.2px;">3.10</div><div id="a43133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:280.2px;">4.00</div><div id="a43136" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:280.2px;">3.35</div><div id="a43142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:298px;">Interest crediting rate for applicable benefits </div><div id="a43145" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:298px;">2.10</div><div id="a43148" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:298px;">-</div><div id="a43151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:298px;">4.10</div><div id="a43154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:503.155px;top:298px;">-</div><div id="a43174" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:334.5px;">Weighted-Average Assumptions Used to<div style="display:inline-block;width:3.93px"> </div></div><div id="a43191" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:352.4px;">Determine Net Periodic Benefit Cost for<div style="display:inline-block;width:2.32px"> </div></div><div id="a43206" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:370.3px;">Years<div style="display:inline-block;width:4.93px"> </div>Ended December 31 </div><div id="a43220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:388.2px;">Discount rate </div><div id="a43223" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:388.2px;">3.05</div><div id="a43225" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:329.688px;top:390px;">% </div><div id="a43227" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:388.2px;">2.35</div><div id="a43230" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:388.2px;">3.95</div><div id="a43233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:388.2px;">2.90</div><div id="a43236" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.395px;top:388.2px;">3.10</div><div id="a43239" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:388.2px;">4.05</div><div id="a43241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:406.1px;">Expected return on plan assets </div><div id="a43244" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:406.1px;">5.80</div><div id="a43247" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:406.1px;">3.60</div><div id="a43250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:406.1px;">5.80</div><div id="a43253" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:406.1px;">4.10</div><div id="a43259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:424.1px;">Rate of compensation increase </div><div id="a43262" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:424.1px;">4.00</div><div id="a43265" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:365.395px;top:424.1px;">3.35</div><div id="a43268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:424.1px;">4.00</div><div id="a43271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.315px;top:424.1px;">3.65</div><div id="a43277" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:442px;">Interest crediting rate for applicable benefits </div><div id="a43280" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:301.368px;top:442px;">4.10</div><div id="a43283" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:442px;">-</div><div id="a43286" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:424.435px;top:442px;">4.35</div><div id="a43289" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:503.155px;top:442px;">-</div></div></div></div> 0 746000000 0 765000000 0 0 56000000 11000000 21000000 6000000 39000000 42000000 722000000 345000000 707000000 333000000 131000000 174000000 -778000000 390000000 -728000000 426000000 -170000000 -216000000 0.0230 0.0180 0.0325 0.0235 0.0215 0.0310 0.0400 0.0310 0.0400 0.0335 0.0210 0 0.0410 0 0.0305 0.0235 0.0395 0.0290 0.0310 0.0405 0.0580 0.0360 0.0580 0.0410 0.0400 0.0335 0.0400 0.0365 0.0410 0 0.0435 0 <div id="TextBlockContainer787" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:617px;height:49px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following tables set forth information related<div style="display:inline-block;width:2.09px"> </div>to the Company’s pension plans with projected and </div><div id="a43312" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">accumulated benefit obligations in excess of<div style="display:inline-block;width:2.16px"> </div>the fair value of the plans’ assets as of December<div style="display:inline-block;width:2.06px"> </div>31, 2020 and </div><div id="a43317" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">2019:</div></div><div id="TextBlockContainer791" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:224px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43323" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:434.035px;top:0px;">Millions of Dollars </div><div id="a43327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:440.435px;top:16.6px;">Pension Benefits </div><div id="a43331" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:402.675px;top:33.4px;">2020 </div><div id="a43334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:549.275px;top:33.4px;">2019 </div><div id="a43338" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:391.795px;top:50.2px;">U.S. </div><div id="a43341" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.875px;top:50.2px;">Int’l. </div><div id="a43344" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.915px;top:50.2px;">U.S. </div><div id="a43347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.235px;top:50.2px;">Int’l. </div><div id="a43349" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67px;">Pension Plans with Projected Benefit Obligation in </div><div id="a43360" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:83px;">Excess of Plan Assets </div><div id="a43371" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.2px;">Projected benefit obligation </div><div id="a43373" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:345.715px;top:99.2px;">$ </div><div id="a43375" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:99.2px;">2,548</div><div id="a43378" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:462.835px;top:99.2px;">391</div><div id="a43381" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:99.2px;">2,319</div><div id="a43384" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:99.2px;">355</div><div id="a43386" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:117.1px;">Fair value of plan assets </div><div id="a43389" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:117.1px;">1,770</div><div id="a43392" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:469.715px;top:117.1px;">35</div><div id="a43395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:117.1px;">1,591</div><div id="a43398" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:117.1px;">44</div><div id="a43410" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:153.6px;">Pension Plans with Accumulated Benefit<div style="display:inline-block;width:2.17px"> </div>Obligation in </div><div id="a43421" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:171.6px;">Excess of Plan Assets </div><div id="a43431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:189.5px;">Accumulated benefit obligation </div><div id="a43434" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:345.715px;top:189.5px;">$ </div><div id="a43436" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:189.5px;">2,359</div><div id="a43439" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:462.835px;top:189.5px;">338</div><div id="a43442" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:189.5px;">2,161</div><div id="a43445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:189.5px;">299</div><div id="a43447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.4px;">Fair value of plan assets </div><div id="a43450" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:381.395px;top:207.4px;">1,770</div><div id="a43453" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:469.715px;top:207.4px;">35</div><div id="a43456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.355px;top:207.4px;">1,591</div><div id="a43459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:207.4px;">44</div></div> 2548000000 391000000 2319000000 355000000 1770000000 35000000 1591000000 44000000 2359000000 338000000 2161000000 299000000 1770000000 35000000 1591000000 44000000 <div id="TextBlockContainer796" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:160px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_794_XBRL_CS_bc43e930ccd04fa2bfc31f59291386e8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer795" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:160px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43462" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Included in accumulated other comprehensive<div style="display:inline-block;width:2.17px"> </div>income (loss) at December 31 were the following<div style="display:inline-block;width:2.03px"> </div>before-tax<div style="display:inline-block;width:3.21px"> </div></div><div id="a43467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">amounts that had not been recognized in net<div style="display:inline-block;width:2.12px"> </div>periodic benefit cost: </div><div id="a43483" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:397.555px;top:44px;">Millions of Dollars </div><div id="a43486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.915px;top:60.8px;">Pension Benefits </div><div id="a43489" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:60.8px;">Other Benefits </div><div id="a43492" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:319.128px;top:77.6px;">2020 </div><div id="a43495" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.315px;top:77.6px;">2019 </div><div id="a43498" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:542.875px;top:77.6px;">2020 </div><div id="a43501" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:77.6px;">2019 </div><div id="a43504" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:306.808px;top:94.4px;">U.S. </div><div id="a43507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:363.955px;top:94.4px;">Int’l. </div><div id="a43510" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.955px;top:94.4px;">U.S. </div><div id="a43513" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:484.115px;top:94.4px;">Int’l. </div><div id="a43532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.2px;">Unrecognized net actuarial loss </div><div id="a43534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:272.728px;top:127.2px;">$ </div><div id="a43536" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:306.808px;top:127.2px;">467</div><div id="a43539" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:368.915px;top:127.2px;">326</div><div id="a43542" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:427.955px;top:127.2px;">479</div><div id="a43545" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:486.835px;top:127.2px;">227</div><div id="a43548" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:552.795px;top:127.2px;">14</div><div id="a43551" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:127.2px;">8</div><div id="a43553" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.4px;">Unrecognized prior service credit </div><div id="a43556" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:323.128px;top:143.4px;">-</div><div id="a43559" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.235px;top:143.4px;">-</div><div id="a43562" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:444.275px;top:143.4px;">-</div><div id="a43565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:495.475px;top:143.4px;display:flex;">(2)</div><div id="a43568" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:540.475px;top:143.4px;display:flex;">(182)</div><div id="a43571" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:143.4px;display:flex;">(183)</div></div></div></div> -467000000 -326000000 -479000000 -227000000 -14000000 -8000000 0 0 0 -2000000 -182000000 -183000000 <div id="TextBlockContainer799" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:295px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43577" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:398.195px;top:0px;">Millions of Dollars </div><div id="a43581" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:345.555px;top:18.6px;">Pension Benefits </div><div id="a43584" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:533.275px;top:18.6px;">Other Benefits </div><div id="a43588" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:319.768px;top:37.1px;">2020 </div><div id="a43591" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.195px;top:37.1px;">2019 </div><div id="a43594" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:541.915px;top:37.1px;">2020 </div><div id="a43597" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:600.955px;top:37.1px;">2019 </div><div id="a43601" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:308.888px;top:55.7px;">U.S. </div><div id="a43604" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.995px;top:55.7px;">Int’l. </div><div id="a43607" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:426.835px;top:55.7px;">U.S. </div><div id="a43610" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:55.7px;">Int’l. </div><div id="a43616" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:74.2px;">Sources of Change in Other<div style="display:inline-block;width:2.96px"> </div></div><div id="a43631" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:13.653px;top:90.4px;">Comprehensive Income (Loss) </div><div id="a43645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:108.2px;">Net gain (loss) arising during the period </div><div id="a43647" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:108.2px;">$ </div><div id="a43649" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:310.488px;top:108.2px;display:flex;">(83)</div><div id="a43652" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:362.515px;top:108.2px;display:flex;">(120)</div><div id="a43655" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.435px;top:108.2px;display:flex;">(79)</div><div id="a43658" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.755px;top:108.2px;">51</div><div id="a43661" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:553.595px;top:108.2px;display:flex;">(7)</div><div id="a43664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:108.2px;display:flex;">(27)</div><div id="a43666" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:124.3px;">Amortization of actuarial (gain) loss included </div><div id="a43681" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:140.5px;">in income (loss)* </div><div id="a43685" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:315.768px;top:140.5px;">95</div><div id="a43688" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:374.835px;top:140.5px;">21</div><div id="a43691" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:426.835px;top:140.5px;">116</div><div id="a43694" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.755px;top:140.5px;">32</div><div id="a43697" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:558.875px;top:140.5px;">1</div><div id="a43700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:612.635px;top:140.5px;display:flex;">(2)</div><div id="a43702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:159.1px;">Net change during the period </div><div id="a43704" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:159.1px;">$ </div><div id="a43706" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:315.768px;top:159.1px;">12</div><div id="a43709" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:369.555px;top:159.1px;display:flex;">(99)</div><div id="a43712" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:433.715px;top:159.1px;">37</div><div id="a43715" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.755px;top:159.1px;">83</div><div id="a43718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:553.595px;top:159.1px;display:flex;">(6)</div><div id="a43721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:159.1px;display:flex;">(29)</div><div id="a43737" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:196px;">Prior service credit (cost) arising during the </div><div id="a43752" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:212.2px;">period </div><div id="a43754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:212.2px;">$ </div><div id="a43756" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:325.208px;top:212.2px;">-</div><div id="a43759" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.595px;top:212.2px;display:flex;">(1)</div><div id="a43762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.155px;top:212.2px;">-</div><div id="a43765" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:502.195px;top:212.2px;">-</div><div id="a43768" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:551.835px;top:212.2px;">30</div><div id="a43771" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:620.315px;top:212.2px;">-</div><div id="a43773" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:228.2px;">Amortization of prior service cost (credit) </div><div id="a43788" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:244.4px;">included in income (loss) </div><div id="a43791" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:325.208px;top:246.1px;">-</div><div id="a43794" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.595px;top:246.1px;display:flex;">(1)</div><div id="a43797" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.155px;top:246.1px;">-</div><div id="a43800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.515px;top:246.1px;display:flex;">(2)</div><div id="a43803" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:546.555px;top:246.1px;display:flex;">(31)</div><div id="a43806" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:246.1px;display:flex;">(33)</div><div id="a43808" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.9px;">Net change during the period </div><div id="a43810" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:274.808px;top:262.9px;">$ </div><div id="a43812" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:325.208px;top:262.9px;">-</div><div id="a43815" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:376.595px;top:262.9px;display:flex;">(2)</div><div id="a43818" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.155px;top:262.9px;">-</div><div id="a43821" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:494.515px;top:262.9px;display:flex;">(2)</div><div id="a43824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:553.595px;top:262.9px;display:flex;">(1)</div><div id="a43827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.595px;top:262.9px;display:flex;">(33)</div><div id="a43829" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:282px;">*Includes settlement (gains) losses recognized in 2020 and 2019.</div></div> -83000000 -120000000 -79000000 51000000 -7000000 -27000000 -95000000 -21000000 -116000000 -32000000 -1000000 2000000 12000000 -99000000 37000000 83000000 -6000000 -29000000 0 1000000 0 0 -30000000 0 0 -1000000 0 -2000000 -31000000 -33000000 0 2000000 0 2000000 1000000 33000000 <div id="TextBlockContainer803" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:309px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a43835" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The components of net periodic benefit cost of<div style="display:inline-block;width:2.15px"> </div>all defined benefit plans are presented in<div style="display:inline-block;width:2.09px"> </div>the following table: </div><div id="a43859" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:346.675px;top:31.2px;">Millions of Dollars </div><div id="a43863" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:276.568px;top:49.8px;">Pension Benefits </div><div id="a43866" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:516.635px;top:49.8px;">Other Benefits </div><div id="a43870" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:207.768px;top:68.3px;">2020 </div><div id="a43873" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:314.168px;top:68.3px;">2019 </div><div id="a43876" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:416.275px;top:68.3px;">2018 </div><div id="a43879" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:499.795px;top:68.3px;">2020 </div><div id="a43882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:550.875px;top:68.3px;">2019 </div><div id="a43885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:68.3px;">2018 </div><div id="a43889" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:196.888px;top:86.9px;">U.S. </div><div id="a43892" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:242.968px;top:86.9px;">Int’l. </div><div id="a43895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.808px;top:86.9px;">U.S. </div><div id="a43898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:347.155px;top:86.9px;">Int’l. </div><div id="a43901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:86.9px;">U.S. </div><div id="a43904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:449.235px;top:86.9px;">Int’l. </div><div id="a43912" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:105.5px;">Components of Net<div style="display:inline-block;width:2.79px"> </div></div><div id="a43933" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:14.773px;top:121.5px;">Periodic Benefit Cost </div><div id="a43953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:139.4px;">Service cost </div><div id="a43955" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:170.808px;top:139.4px;">$ </div><div id="a43957" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:139.4px;">85</div><div id="a43960" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:139.4px;">54</div><div id="a43963" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:139.4px;">79</div><div id="a43966" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:139.4px;">69</div><div id="a43969" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:139.4px;">83</div><div id="a43972" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:139.4px;">81</div><div id="a43975" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.795px;top:139.4px;">2</div><div id="a43978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:567.835px;top:139.4px;">1</div><div id="a43981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:139.4px;">1</div><div id="a43983" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:155.5px;">Interest cost </div><div id="a43986" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:155.5px;">66</div><div id="a43989" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:155.5px;">85</div><div id="a43992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:155.5px;">79</div><div id="a43995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:155.5px;">97</div><div id="a43998" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:155.5px;">99</div><div id="a44001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:451.955px;top:155.5px;">107</div><div id="a44004" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.795px;top:155.5px;">6</div><div id="a44007" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:567.835px;top:155.5px;">8</div><div id="a44010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:155.5px;">8</div><div id="a44012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:171.7px;">Expected return on plan </div><div id="a44033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:189.6px;">assets </div><div id="a44036" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:198.488px;top:189.6px;display:flex;">(85)</div><div id="a44039" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:242.488px;top:189.6px;display:flex;">(145)</div><div id="a44042" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:300.408px;top:189.6px;display:flex;">(74)</div><div id="a44045" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:344.435px;top:189.6px;display:flex;">(138)</div><div id="a44048" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:395.475px;top:189.6px;display:flex;">(114)</div><div id="a44051" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:446.515px;top:189.6px;display:flex;">(155)</div><div id="a44054" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:519.195px;top:189.6px;">-</div><div id="a44057" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.235px;top:189.6px;">-</div><div id="a44060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:189.6px;">-</div><div id="a44062" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:207.4px;">Amortization of prior<div style="display:inline-block;width:2.78px"> </div></div><div id="a44083" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:223.5px;">service credit </div><div id="a44086" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:213.208px;top:223.5px;">-</div><div id="a44089" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.568px;top:223.5px;display:flex;">(1)</div><div id="a44092" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.128px;top:223.5px;">-</div><div id="a44095" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:358.515px;top:223.5px;display:flex;">(2)</div><div id="a44098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:417.235px;top:223.5px;">-</div><div id="a44101" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:460.595px;top:223.5px;display:flex;">(5)</div><div id="a44104" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.435px;top:223.5px;display:flex;">(31)</div><div id="a44107" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.515px;top:223.5px;display:flex;">(33)</div><div id="a44110" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:223.5px;display:flex;">(35)</div><div id="a44112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">Recognized net actuarial<div style="display:inline-block;width:2.75px"> </div></div><div id="a44133" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:257.7px;">loss (gain) </div><div id="a44136" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:257.7px;">51</div><div id="a44139" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:257.7px;">22</div><div id="a44142" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:257.7px;">54</div><div id="a44145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:257.7px;">32</div><div id="a44148" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:257.7px;">53</div><div id="a44151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:257.7px;">31</div><div id="a44154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:516.795px;top:257.7px;">1</div><div id="a44157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:562.555px;top:257.7px;display:flex;">(2)</div><div id="a44160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.595px;top:257.7px;display:flex;">(1)</div><div id="a44162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:275.4px;">Settlements loss (gain) </div><div id="a44165" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:203.768px;top:275.4px;">44</div><div id="a44168" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:256.568px;top:275.4px;display:flex;">(1)</div><div id="a44171" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:305.688px;top:275.4px;">62</div><div id="a44174" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:366.195px;top:275.4px;">-</div><div id="a44177" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:275.4px;">196</div><div id="a44180" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:468.275px;top:275.4px;">-</div><div id="a44183" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:519.195px;top:275.4px;">-</div><div id="a44186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:570.235px;top:275.4px;">-</div><div id="a44189" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:275.4px;">-</div><div id="a44191" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:292.2px;">Net periodic benefit cost </div><div id="a44193" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:170.808px;top:292.2px;">$ </div><div id="a44195" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:196.888px;top:292.2px;">161</div><div id="a44198" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:254.808px;top:292.2px;">14</div><div id="a44201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.808px;top:292.2px;">200</div><div id="a44204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.755px;top:292.2px;">58</div><div id="a44207" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.915px;top:292.2px;">317</div><div id="a44210" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.835px;top:292.2px;">59</div><div id="a44213" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:504.435px;top:292.2px;display:flex;">(22)</div><div id="a44216" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.515px;top:292.2px;display:flex;">(26)</div><div id="a44219" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:292.2px;display:flex;">(27)</div></div> 85000000 54000000 79000000 69000000 83000000 81000000 2000000 1000000 1000000 66000000 85000000 79000000 97000000 99000000 107000000 6000000 8000000 8000000 85000000 145000000 74000000 138000000 114000000 155000000 0 0 0 0 -1000000 0 -2000000 0 -5000000 -31000000 -33000000 -35000000 -51000000 -22000000 -54000000 -32000000 -53000000 -31000000 -1000000 2000000 1000000 -44000000 1000000 -62000000 0 -196000000 0 0 0 0 161000000 14000000 200000000 58000000 317000000 59000000 -22000000 -26000000 -27000000 -43000000 -62000000 -196000000 -43000000 0.0290 0.0180 0.10 0.07 0.05 0.04 0.05 0.28 0.68 0.03 0.01 94000000 233000000 139000000 95000000 235000000 140000000 <div id="TextBlockContainer811" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:426px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a44763" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The fair values of our pension plan assets at<div style="display:inline-block;width:2.01px"> </div>December 31, by asset class were as follows:<div style="display:inline-block;width:2.08px"> </div></div><div id="a44788" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:379.155px;top:27.2px;">Millions of Dollars </div><div id="a44793" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:312.568px;top:41.6px;">U.S. </div><div id="a44796" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:500.595px;top:41.6px;">International </div><div id="a44802" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:236.408px;top:56.5px;">Level 1 </div><div id="a44805" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:287.448px;top:56.5px;">Level 2 </div><div id="a44808" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:338.488px;top:56.5px;">Level 3 </div><div id="a44811" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:400.435px;top:56.5px;">Total </div><div id="a44814" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:440.435px;top:56.5px;">Level 1 </div><div id="a44817" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:491.475px;top:56.5px;">Level 2 </div><div id="a44820" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:542.555px;top:56.5px;">Level 3 </div><div id="a44822" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:604.635px;top:56.5px;">Total </div><div id="a44824" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:4.693px;top:71px;">2020 </div><div id="a44842" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:85px;">Equity securities </div><div id="a44861" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:99px;">U.S. </div><div id="a44863" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:99px;">$ </div><div id="a44865" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:99px;">-</div><div id="a44868" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:99px;">3</div><div id="a44871" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:364.755px;top:99px;">5</div><div id="a44874" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:415.635px;top:99px;">8</div><div id="a44877" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:99px;">-</div><div id="a44880" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:99px;">-</div><div id="a44883" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:99px;">-</div><div id="a44886" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:99px;">-</div><div id="a44889" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:113.6px;">International </div><div id="a44892" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:256.728px;top:113.6px;">99</div><div id="a44895" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:113.6px;">-</div><div id="a44898" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:113.6px;">-</div><div id="a44901" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:409.715px;top:113.6px;">99</div><div id="a44904" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:113.6px;">-</div><div id="a44907" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:113.6px;">-</div><div id="a44910" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:113.6px;">-</div><div id="a44913" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:113.6px;">-</div><div id="a44916" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:128.3px;">Mutual funds </div><div id="a44919" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:256.728px;top:128.3px;">72</div><div id="a44922" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:128.3px;">-</div><div id="a44925" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:128.3px;">-</div><div id="a44928" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:409.715px;top:128.3px;">72</div><div id="a44931" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:128.3px;">235</div><div id="a44934" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:505.715px;top:128.3px;">734</div><div id="a44937" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:128.3px;">-</div><div id="a44940" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:128.3px;">969</div><div id="a44942" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:142.9px;">Debt securities </div><div id="a44961" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:157px;">Corporate </div><div id="a44964" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:157px;">-</div><div id="a44967" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:157px;">1</div><div id="a44970" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:157px;">-</div><div id="a44973" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:415.635px;top:157px;">1</div><div id="a44976" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:157px;">-</div><div id="a44979" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:157px;">-</div><div id="a44982" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:157px;">-</div><div id="a44985" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:157px;">-</div><div id="a44988" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:171.5px;">Mutual funds </div><div id="a44991" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:171.5px;">-</div><div id="a44994" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:171.5px;">-</div><div id="a44997" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:171.5px;">-</div><div id="a45000" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:171.5px;">-</div><div id="a45003" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:171.5px;">455</div><div id="a45006" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:171.5px;">-</div><div id="a45009" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:171.5px;">-</div><div id="a45012" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:171.5px;">455</div><div id="a45014" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:186.2px;">Cash and cash equivalents </div><div id="a45017" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:186.2px;">-</div><div id="a45020" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:186.2px;">-</div><div id="a45023" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:186.2px;">-</div><div id="a45026" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:186.2px;">-</div><div id="a45029" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:460.755px;top:186.2px;">74</div><div id="a45032" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:186.2px;">-</div><div id="a45035" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:186.2px;">-</div><div id="a45038" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:613.755px;top:186.2px;">74</div><div id="a45040" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:200.3px;">Derivatives </div><div id="a45043" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:200.3px;">-</div><div id="a45046" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:200.3px;">-</div><div id="a45049" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:200.3px;">-</div><div id="a45052" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:200.3px;">-</div><div id="a45055" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:466.675px;top:200.3px;">6</div><div id="a45058" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:200.3px;">-</div><div id="a45061" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:570.875px;top:200.3px;">-</div><div id="a45064" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:619.675px;top:200.3px;">6</div><div id="a45066" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:214.2px;">Real estate </div><div id="a45069" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:264.728px;top:214.2px;">-</div><div id="a45072" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:315.768px;top:214.2px;">-</div><div id="a45075" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:366.835px;top:214.2px;">-</div><div id="a45078" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:417.715px;top:214.2px;">-</div><div id="a45081" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:468.755px;top:214.2px;">-</div><div id="a45084" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:519.835px;top:214.2px;">-</div><div id="a45087" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:556.795px;top:214.2px;">142</div><div id="a45090" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:214.2px;">142</div><div id="a45094" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:24.693px;top:229px;">Total in fair value hierarchy </div><div id="a45096" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:229px;">$ </div><div id="a45098" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:250.648px;top:229px;">171</div><div id="a45101" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:229px;">4</div><div id="a45104" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:364.755px;top:229px;">5</div><div id="a45107" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:403.635px;top:229px;">180</div><div id="a45110" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:229px;">770</div><div id="a45113" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:505.715px;top:229px;">734</div><div id="a45116" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:556.795px;top:229px;">142</div><div id="a45119" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:598.715px;top:229px;">1,646</div><div id="a45140" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:260.8px;">Investments measured at net asset value* </div><div id="a45158" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:274.9px;">Equity securities </div><div id="a45177" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:288.8px;">Common/collective trusts </div><div id="a45179" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:288.8px;">$ </div><div id="a45187" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:403.635px;top:288.8px;">678</div><div id="a45196" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:598.715px;top:288.8px;">2,962</div><div id="a45198" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:302.9px;">Debt securities </div><div id="a45217" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:316.8px;">Common/collective trusts </div><div id="a45226" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:403.635px;top:316.8px;">730</div><div id="a45235" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:613.755px;top:316.8px;">67</div><div id="a45237" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:330.9px;">Cash and cash equivalents </div><div id="a45246" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:415.635px;top:330.9px;">8</div><div id="a45255" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:621.755px;top:330.9px;">-</div><div id="a45257" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:344.8px;">Real estate </div><div id="a45266" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:409.715px;top:344.8px;">79</div><div id="a45275" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:607.675px;top:344.8px;">112</div><div id="a45277" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:359.6px;">Total** </div><div id="a45279" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:220.728px;top:359.6px;">$ </div><div id="a45281" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:250.648px;top:359.6px;">171</div><div id="a45284" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:313.688px;top:359.6px;">4</div><div id="a45287" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:364.755px;top:359.6px;">5</div><div id="a45290" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:394.675px;top:359.6px;">1,675</div><div id="a45293" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:454.675px;top:359.6px;">770</div><div id="a45296" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:505.715px;top:359.6px;">734</div><div id="a45299" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:556.795px;top:359.6px;">142</div><div id="a45302" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:bold;font-style:normal;left:598.715px;top:359.6px;">4,787</div><div id="a45304" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:376.6px;"><div style="display:inline-block;width:8px"> </div>*In accordance with FASB ASC Topic<div style="display:inline-block;width:4.56px"> </div>715, “Compensation—Retirement Benefits,” certain investments that are to be measured at fair value<div style="display:inline-block;width:1.57px"> </div></div><div id="a45310" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:388.7px;"><div style="display:inline-block;width:13.44px"> </div>using the net asset value per share (or its equivalent) practical expedient<div style="display:inline-block;width:1.27px"> </div>have not been classified in the fair value hierarchy.<div style="display:inline-block;width:5.37px"> </div>The fair value<div style="display:inline-block;width:4.9px"> </div></div><div id="a45314" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:401.1px;"><div style="display:inline-block;width:13.44px"> </div>amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Change in </div><div id="a45319" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:413.4px;"><div style="display:inline-block;width:13.44px"> </div>Fair Value of Plan Assets.</div></div><div id="TextBlockContainer815" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:730px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45322_1_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:6.293px;top:0px;">**Excludes the participating interest in the insurance annuity contract with a net<div style="display:inline-block;width:1.31px"> </div>asset of $</div><div id="a45322_94_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:396.248px;top:0px;">94</div><div id="a45322_96_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:406.968px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million and net receivables related to security<div style="display:inline-block;width:116.93px"> </div></div><div id="a45326" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;"><div style="display:inline-block;width:10.72px"> </div>transactions of $</div><div id="a45326_21_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:85.973px;top:12.3px;">7</div><div id="a45326_22_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:91.413px;top:12.3px;"><div style="display:inline-block;width:2.72px"> </div>million.</div></div><div id="TextBlockContainer819" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:441px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The fair values of our pension plan assets at<div style="display:inline-block;width:2.01px"> </div>December 31, by asset class were as follows:<div style="display:inline-block;width:2.08px"> </div></div><div id="a45359" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:379.155px;top:27.2px;">Millions of Dollars </div><div id="a45364" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:312.568px;top:41.6px;">U.S. </div><div id="a45367" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:500.595px;top:41.6px;">International </div><div id="a45373" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:236.408px;top:56.5px;">Level 1 </div><div id="a45376" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:287.448px;top:56.5px;">Level 2 </div><div id="a45379" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:338.488px;top:56.5px;">Level 3 </div><div id="a45382" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:400.435px;top:56.5px;">Total </div><div id="a45385" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:440.435px;top:56.5px;">Level 1 </div><div id="a45388" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:491.475px;top:56.5px;">Level 2 </div><div id="a45391" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:542.555px;top:56.5px;">Level 3 </div><div id="a45393" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:604.635px;top:56.5px;">Total </div><div id="a45395" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:71px;">2019 </div><div id="a45413" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:85px;">Equity securities </div><div id="a45432" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:99px;">U.S. </div><div id="a45434" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:99px;">$ </div><div id="a45436" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:256.728px;top:99px;">94</div><div id="a45439" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:99px;">-</div><div id="a45442" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:364.755px;top:99px;">7</div><div id="a45445" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:99px;">101</div><div id="a45448" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:99px;">435</div><div id="a45451" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:99px;">-</div><div id="a45454" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:99px;">-</div><div id="a45457" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:99px;">435</div><div id="a45460" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:113.6px;">International </div><div id="a45463" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:256.728px;top:113.6px;">98</div><div id="a45466" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:113.6px;">-</div><div id="a45469" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:113.6px;">-</div><div id="a45472" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:113.6px;">98</div><div id="a45475" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:113.6px;">266</div><div id="a45478" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:113.6px;">-</div><div id="a45481" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:113.6px;">-</div><div id="a45484" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:113.6px;">266</div><div id="a45487" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:128.3px;">Mutual funds </div><div id="a45490" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:256.728px;top:128.3px;">93</div><div id="a45493" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:128.3px;">-</div><div id="a45496" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:128.3px;">-</div><div id="a45499" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:128.3px;">93</div><div id="a45502" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:128.3px;">245</div><div id="a45505" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:505.715px;top:128.3px;">267</div><div id="a45508" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:128.3px;">-</div><div id="a45511" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:128.3px;">512</div><div id="a45513" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:142.9px;">Debt securities </div><div id="a45532" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:157px;">Government </div><div id="a45535" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:157px;">-</div><div id="a45538" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:157px;">-</div><div id="a45541" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:157px;">-</div><div id="a45544" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:157px;">-</div><div id="a45547" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:445.715px;top:157px;">1,412</div><div id="a45550" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:157px;">-</div><div id="a45553" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:157px;">-</div><div id="a45556" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:598.715px;top:157px;">1,412</div><div id="a45559" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:171.5px;">Corporate </div><div id="a45562" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:171.5px;">-</div><div id="a45565" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:313.688px;top:171.5px;">2</div><div id="a45568" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:171.5px;">-</div><div id="a45571" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:415.635px;top:171.5px;">2</div><div id="a45574" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:468.755px;top:171.5px;">-</div><div id="a45577" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:171.5px;">-</div><div id="a45580" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:171.5px;">-</div><div id="a45583" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:621.755px;top:171.5px;">-</div><div id="a45586" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:186.2px;">Mutual funds </div><div id="a45589" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:186.2px;">-</div><div id="a45592" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:186.2px;">-</div><div id="a45595" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:186.2px;">-</div><div id="a45598" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:186.2px;">-</div><div id="a45601" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:454.675px;top:186.2px;">392</div><div id="a45604" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:186.2px;">-</div><div id="a45607" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:186.2px;">-</div><div id="a45610" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:186.2px;">392</div><div id="a45612" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:201px;">Cash and cash equivalents </div><div id="a45615" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:201px;">-</div><div id="a45618" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:201px;">-</div><div id="a45621" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:201px;">-</div><div id="a45624" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:201px;">-</div><div id="a45627" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:460.755px;top:201px;">98</div><div id="a45630" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:201px;">-</div><div id="a45633" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:201px;">-</div><div id="a45636" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:613.755px;top:201px;">98</div><div id="a45638" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:214.9px;">Derivatives </div><div id="a45641" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:214.9px;">-</div><div id="a45644" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:214.9px;">-</div><div id="a45647" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:214.9px;">-</div><div id="a45650" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:214.9px;">-</div><div id="a45653" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:460.755px;top:214.9px;">11</div><div id="a45656" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:214.9px;">-</div><div id="a45659" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:570.875px;top:214.9px;">-</div><div id="a45662" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:613.755px;top:214.9px;">11</div><div id="a45664" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:229px;">Real estate </div><div id="a45667" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:264.728px;top:229px;">-</div><div id="a45670" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:315.768px;top:229px;">-</div><div id="a45673" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:366.835px;top:229px;">-</div><div id="a45676" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:417.715px;top:229px;">-</div><div id="a45679" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:468.755px;top:229px;">-</div><div id="a45682" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:519.835px;top:229px;">-</div><div id="a45685" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:556.795px;top:229px;">132</div><div id="a45688" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:229px;">132</div><div id="a45692" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:24.693px;top:243.6px;">Total in fair value hierarchy </div><div id="a45694" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:243.6px;">$ </div><div id="a45696" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:250.648px;top:243.6px;">285</div><div id="a45699" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:313.688px;top:243.6px;">2</div><div id="a45702" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:364.755px;top:243.6px;">7</div><div id="a45705" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:243.6px;">294</div><div id="a45708" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:445.715px;top:243.6px;">2,859</div><div id="a45711" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:505.715px;top:243.6px;">267</div><div id="a45714" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:556.795px;top:243.6px;">132</div><div id="a45717" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:598.715px;top:243.6px;">3,258</div><div id="a45738" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:275.6px;">Investments measured at net asset value* </div><div id="a45756" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:289.5px;">Equity securities </div><div id="a45775" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:303.6px;">Common/collective trusts </div><div id="a45777" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:303.6px;">$ </div><div id="a45785" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:303.6px;">457</div><div id="a45794" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:303.6px;">167</div><div id="a45796" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:317.5px;">Debt securities </div><div id="a45815" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:14.773px;top:331.6px;">Common/collective trusts </div><div id="a45824" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:403.635px;top:331.6px;">637</div><div id="a45833" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:331.6px;">760</div><div id="a45835" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:345.5px;">Cash and cash equivalents </div><div id="a45844" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:345.5px;">25</div><div id="a45853" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:621.755px;top:345.5px;">-</div><div id="a45855" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:359.6px;">Real estate </div><div id="a45864" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:409.715px;top:359.6px;">83</div><div id="a45873" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:607.675px;top:359.6px;">112</div><div id="a45875" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:4.693px;top:374.1px;">Total** </div><div id="a45877" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:220.728px;top:374.1px;">$ </div><div id="a45879" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:250.648px;top:374.1px;">285</div><div id="a45882" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:313.688px;top:374.1px;">2</div><div id="a45885" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:364.755px;top:374.1px;">7</div><div id="a45888" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:394.675px;top:374.1px;">1,496</div><div id="a45891" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:445.715px;top:374.1px;">2,859</div><div id="a45894" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:505.715px;top:374.1px;">267</div><div id="a45897" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:556.795px;top:374.1px;">132</div><div id="a45900" style="position:absolute;font-family:'Times New Roman';font-size:12px;font-weight:normal;font-style:normal;left:598.715px;top:374.1px;">4,297</div><div id="a45902" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:391.1px;"><div style="display:inline-block;width:8px"> </div>*In accordance with FASB ASC Topic<div style="display:inline-block;width:4.56px"> </div>715, “Compensation—Retirement Benefits,” certain investments that are to be measured at fair value<div style="display:inline-block;width:1.58px"> </div></div><div id="a45908" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:403.5px;"><div style="display:inline-block;width:13.44px"> </div>using the net asset value per share (or its equivalent) practical expedient<div style="display:inline-block;width:1.27px"> </div>have not been classified in the fair value hierarchy.<div style="display:inline-block;width:5.37px"> </div>The fair value<div style="display:inline-block;width:4.9px"> </div></div><div id="a45912" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:415.8px;"><div style="display:inline-block;width:13.44px"> </div>amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Change in<div style="display:inline-block;width:3.82px"> </div></div><div id="a45917" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:427.9px;"><div style="display:inline-block;width:13.44px"> </div>Fair Value of Plan Assets.</div></div><div id="TextBlockContainer823" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:733px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45920_1_93" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:6.293px;top:0px;">**Excludes the participating interest in the insurance annuity contract with a<div style="display:inline-block;width:1.33px"> </div>net asset of $</div><div id="a45920_94_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:396.214px;top:0px;">95</div><div id="a45920_96_94" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:406.995px;top:0px;"><div style="display:inline-block;width:2.72px"> </div>million and net receivables related to security<div style="display:inline-block;width:119.62px"> </div></div><div id="a45926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;"><div style="display:inline-block;width:10.72px"> </div>transactions of $</div><div id="a45926_21_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:85.973px;top:12.3px;">9</div><div id="a45926_22_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:91.413px;top:12.3px;"><div style="display:inline-block;width:2.72px"> </div>million.</div></div> 0 3000000 5000000 8000000 0 0 0 0 99000000 0 0 99000000 0 0 0 0 72000000 0 0 72000000 235000000 734000000 0 969000000 0 1000000 0 1000000 0 0 0 0 0 0 0 0 455000000 0 0 455000000 0 0 0 0 74000000 0 0 74000000 0 0 0 0 6000000 0 0 6000000 0 0 0 0 0 0 142000000 142000000 171000000 4000000 5000000 180000000 770000000 734000000 142000000 1646000000 678000000 2962000000 730000000 67000000 8000000 0 79000000 112000000 171000000 4000000 5000000 1675000000 770000000 734000000 142000000 4787000000 94000000 7000000 94000000 0 7000000 101000000 435000000 0 0 435000000 98000000 0 0 98000000 266000000 0 0 266000000 93000000 0 0 93000000 245000000 267000000 0 512000000 0 0 0 0 1412000000 0 0 1412000000 0 2000000 0 2000000 0 0 0 0 0 0 0 0 392000000 0 0 392000000 0 0 0 0 98000000 0 0 98000000 0 0 0 0 11000000 0 0 11000000 0 0 0 0 0 0 132000000 132000000 285000000 2000000 7000000 294000000 2859000000 267000000 132000000 3258000000 457000000 167000000 637000000 760000000 25000000 0 83000000 112000000 285000000 2000000 7000000 1496000000 2859000000 267000000 132000000 4297000000 95000000 9000000 265000000 75000000 <div id="TextBlockContainer831" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:226px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a45948" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following benefit payments, which are exclusive<div style="display:inline-block;width:1.85px"> </div>of amounts to be paid from the insurance annuity<div style="display:inline-block;width:2.04px"> </div>contract </div><div id="a45951" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">and which reflect expected future service, as appropriate,<div style="display:inline-block;width:1.64px"> </div>are expected to be paid: </div><div id="a45961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:465.075px;top:46.1px;">Millions of Dollars </div><div id="a45964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:459.635px;top:62.9px;">Pension </div><div id="a45967" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:581.275px;top:62.9px;">Other </div><div id="a45970" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:458.355px;top:78.9px;">Benefits </div><div id="a45973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:573.915px;top:78.9px;">Benefits </div><div id="a45976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.915px;top:95.7px;">U.S. </div><div id="a45979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:528.155px;top:95.7px;">Int’l. </div><div id="a45990" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.5px;">2021 </div><div id="a45992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:407.795px;top:128.5px;">$ </div><div id="a45994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:128.5px;">532</div><div id="a45997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:128.5px;">147</div><div id="a46000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:128.5px;">25</div><div id="a46002" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.7px;">2022 </div><div id="a46005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:144.7px;">289</div><div id="a46008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:144.7px;">151</div><div id="a46011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:144.7px;">21</div><div id="a46013" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.8px;">2023 </div><div id="a46016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:160.8px;">248</div><div id="a46019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:160.8px;">156</div><div id="a46022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:160.8px;">18</div><div id="a46024" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.8px;">2024 </div><div id="a46027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:176.8px;">232</div><div id="a46030" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:176.8px;">162</div><div id="a46033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:176.8px;">16</div><div id="a46035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193px;">2025 </div><div id="a46038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:193px;">215</div><div id="a46041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:193px;">166</div><div id="a46044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:193px;">14</div><div id="a46046" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209px;">2026–2030 </div><div id="a46051" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:456.755px;top:209px;">845</div><div id="a46054" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:209px;">897</div><div id="a46057" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:209px;">53</div></div> 532000000 147000000 25000000 289000000 151000000 21000000 248000000 156000000 18000000 232000000 162000000 16000000 215000000 166000000 14000000 845000000 897000000 53000000 <div id="TextBlockContainer835" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:510px;height:17px;display:inline-block;"><div id="a46068" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes our severance accrual<div style="display:inline-block;width:1.88px"> </div>activity for 2020, 2019 and 2018:</div></div><div id="TextBlockContainer840" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_838_XBRL_TS_2b18d27c55df417dbbcdca8a2064355d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer839" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:406.675px;top:0px;">Millions of Dollars </div><div id="a46102" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:375.795px;top:16.8px;">2020 </div><div id="a46104" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.755px;top:16.8px;">2019 </div><div id="a46106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.8px;">2018 </div><div id="a46116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49.8px;">Balance at January 1 </div><div id="a46118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:290.808px;top:49.8px;">$ </div><div id="a46120" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.715px;top:49.8px;">23</div><div id="a46123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.675px;top:49.8px;">48</div><div id="a46126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:49.8px;">53</div><div id="a46128" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.8px;">Accruals </div><div id="a46131" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.715px;top:65.8px;">14</div><div id="a46134" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.435px;top:65.8px;display:flex;">(1)</div><div id="a46137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:65.8px;">70</div><div id="a46139" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.9px;">Benefit payments </div><div id="a46142" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:380.435px;top:81.9px;display:flex;">(13)</div><div id="a46145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:493.395px;top:81.9px;display:flex;">(24)</div><div id="a46148" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:81.9px;display:flex;">(73)</div><div id="a46150" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97.9px;">Foreign currency translation adjustments </div><div id="a46154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:395.155px;top:97.9px;">-</div><div id="a46157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.115px;top:97.9px;">-</div><div id="a46160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:97.9px;display:flex;">(2)</div><div id="a46162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.7px;">Balance at December 31 </div><div id="a46164" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:290.808px;top:114.7px;">$ </div><div id="a46166" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:385.715px;top:114.7px;">24</div><div id="a46169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:498.675px;top:114.7px;">23</div><div id="a46172" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:114.7px;">48</div></div></div></div> 23000000 48000000 53000000 14000000 -1000000 70000000 13000000 24000000 73000000 0 0 -2000000 24000000 23000000 48000000 8000000 0.75 17 0.01 0.06 0.06 0.06 P3Y 1 62000000 82000000 82000000 25000000 30000000 31000000 79000000 79000000 40000000 <div id="TextBlockContainer854" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_852_XBRL_CS_9a47e20dff47474c9c4e4a8ca42e3c9a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer853" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:129px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46376" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Compensation Expense</div><div id="a46377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:144.368px;top:0px;">—Total share-based compensation expense recognized in net income (loss) and the </div><div id="a46383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">associated tax benefit for the years ended<div style="display:inline-block;width:2.18px"> </div>December 31 were as follows: </div><div id="a46393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:46.1px;">Millions of Dollars </div><div id="a46396" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:62.9px;">2020 </div><div id="a46399" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:62.9px;">2019 </div><div id="a46402" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.9px;">2018 </div><div id="a46410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.7px;">Compensation cost </div><div id="a46412" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:95.7px;">$ </div><div id="a46414" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:95.7px;">159</div><div id="a46417" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:95.7px;">274</div><div id="a46420" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:95.7px;">265</div><div id="a46422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.8px;">Tax benefit<div style="display:inline-block;width:4.16px"> </div></div><div id="a46425" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:111.8px;">40</div><div id="a46428" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:111.8px;">71</div><div id="a46431" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:111.8px;">64</div></div></div></div> 159000000 274000000 265000000 40000000 71000000 64000000 Stock options granted under the provisions of the Plan and prior plans permit purchase of our common stock at exercise prices equivalent to the average fair market value of ConocoPhillips common stock on the date the options were granted. The options have terms of 10 years and generally vest ratably, with one-third of the options awarded vesting and becoming exercisable on each anniversary date following the date of grant. Options awarded to certain employees already eligible for retirement vest within six months of the grant date, but those options do not become exercisable until the end of the normal vesting period. Beginning in 2018, stock option grants were discontinued and replaced with three-year, time-vested restricted stock units which generally will be cash-settled <div id="TextBlockContainer860" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:646px;height:222px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_858_XBRL_CS_04f2c96aea95490785733fb0e77dbb94" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer859" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:646px;height:222px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our stock option activity<div style="display:inline-block;width:2.05px"> </div>for the year ended December 31, 2020: </div><div id="a46477" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.435px;top:30.1px;">Millions of Dollars </div><div id="a46482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:388.115px;top:48.6px;">Weighted-Average </div><div id="a46487" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:574.395px;top:48.6px;">Aggregate<div style="display:inline-block;width:3.12px"> </div></div><div id="a46490" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:291.448px;top:64.8px;">Options </div><div id="a46493" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:414.195px;top:64.8px;">Exercise Price </div><div id="a46496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:549.275px;top:64.8px;">Intrinsic Value </div><div id="a46506" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97.6px;">Outstanding at December 31, 2019 </div><div id="a46508" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:268.728px;top:97.6px;">18,040,197</div><div id="a46511" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:413.715px;top:97.6px;">$ </div><div id="a46513" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:459.315px;top:97.6px;">54.11</div><div id="a46516" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:571.835px;top:97.6px;">$ </div><div id="a46518" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.995px;top:97.6px;">206</div><div id="a46520" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:113.8px;">Exercised </div><div id="a46522" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.488px;top:113.8px;display:flex;">(1,111,805)</div><div id="a46526" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:113.8px;">38.80</div><div id="a46530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:113.8px;">23</div><div id="a46532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.8px;">Forfeited </div><div id="a46534" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.968px;top:129.8px;display:flex;">(5,867)</div><div id="a46538" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:129.8px;">49.76</div><div id="a46543" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.9px;">Expired or cancelled </div><div id="a46545" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:327.128px;top:145.9px;">-</div><div id="a46553" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:164.5px;">Outstanding at December 31, 2020 </div><div id="a46555" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:268.728px;top:164.5px;">16,922,525</div><div id="a46558" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:166.3px;">$ </div><div id="a46560" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:164.5px;">55.12</div><div id="a46563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:571.835px;top:164.5px;">$ </div><div id="a46565" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:164.5px;">22</div><div id="a46567" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:185.5px;">Vested at December 31, 2020 </div><div id="a46569" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:268.728px;top:185.5px;">16,922,525</div><div id="a46572" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:187.2px;">$ </div><div id="a46574" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:185.5px;">55.12</div><div id="a46577" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:571.835px;top:185.5px;">$ </div><div id="a46579" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:185.5px;">22</div><div id="a46581" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:204px;">Exercisable at December 31, 2020 </div><div id="a46583" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:268.728px;top:204px;">16,922,525</div><div id="a46586" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.715px;top:205.8px;">$ </div><div id="a46588" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.315px;top:204px;">55.12</div><div id="a46591" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:571.835px;top:204px;">$ </div><div id="a46593" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:614.875px;top:204px;">22</div></div></div></div> 18040197 54.11 206000000 1111805 38.80 23000000 5867 49.76 0 16922525 55.12 22000000 16922525 55.12 22000000 16922525 55.12 22000000 P3Y7M28D 39000000 94000000 43000000 9000000 Generally, restricted stock units are granted annually under the provisions of the Plan and vest in an aggregate installment on the third anniversary of the grant date. In addition, restricted stock units granted under the Plan for a variable long-term incentive program vest ratably in three equal annual installments beginning on the first anniversary of the grant date. Restricted stock units are also granted ad hoc to attract or retain key personnel, and the terms and conditions under which these restricted stock units vest vary by award Upon vesting, these restricted stock units are settled by issuing one share of ConocoPhillips common stock per unit. Units awarded to retirement eligible employees vest six months from the grant date; however, those units are not issued as common stock until the earlier of separation from the company or the end of the regularly scheduled vesting period. Until issued as stock, most recipients of the restricted stock units receive a cash payment of a dividend equivalent that is charged to retained earnings. Executive recipients receive an accrued reinvested dividend equivalent, subject to the terms and conditions of the award, that is charged to retained earnings. The grant date fair market value of these restricted stock units is deemed equal to the average ConocoPhillips stock price on the grant date. The grant date fair market value of units that do not receive a dividend equivalent while unvested is deemed equal to the average ConocoPhillips stock price on the grant date, less the net present value of the dividends that will not be received <div id="TextBlockContainer870" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_868_XBRL_CS_a3c4f707aadb43c69d210eb9c4ae96b7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer869" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our stock-settled stock<div style="display:inline-block;width:2.09px"> </div>unit activity for the year ended December<div style="display:inline-block;width:2.08px"> </div>31, 2020: </div><div id="a46701" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.115px;top:33.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a46706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.395px;top:33.9px;">Millions of Dollars </div><div id="a46710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:279.928px;top:52.5px;">Stock Units </div><div id="a46713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.875px;top:52.5px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a46716" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.275px;top:52.5px;">Total Fair Value </div><div id="a46727" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:89px;">Outstanding at December 31, 2019 </div><div id="a46729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:285.688px;top:89px;">6,223,046</div><div id="a46732" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.835px;top:89px;">$ </div><div id="a46734" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.155px;top:89px;">55.99</div><div id="a46739" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.8px;">Granted </div><div id="a46741" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:285.688px;top:105.8px;">2,890,840</div><div id="a46745" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:105.8px;">57.40</div><div id="a46750" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:122px;">Forfeited </div><div id="a46752" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:290.808px;top:122px;display:flex;">(127,181)</div><div id="a46756" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:122px;">55.84</div><div id="a46761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:138px;">Issued </div><div id="a46763" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:280.408px;top:138px;display:flex;">(2,554,720)</div><div id="a46767" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:138px;">50.16</div><div id="a46770" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.755px;top:138px;">$ </div><div id="a46772" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.795px;top:138px;">143</div><div id="a46774" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:154.8px;">Outstanding at December 31, 2020 </div><div id="a46776" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:285.688px;top:154.8px;">6,431,985</div><div id="a46779" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:154.8px;">$ </div><div id="a46781" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:154.8px;">58.94</div><div id="a46786" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:173.8px;">Not Vested at December 31, 2020 </div><div id="a46788" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:285.688px;top:173.8px;">4,230,413</div><div id="a46792" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:173.8px;">59.01</div></div></div></div><div id="TextBlockContainer875" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:191px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a46865" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our cash-settled stock<div style="display:inline-block;width:2.15px"> </div>unit activity for the year ended December 31, 2020: </div><div id="a46882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.115px;top:33.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a46887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.395px;top:33.9px;">Millions of Dollars </div><div id="a46891" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:279.928px;top:52.5px;">Stock Units </div><div id="a46894" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.875px;top:52.5px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a46897" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.275px;top:52.5px;">Total Fair Value </div><div id="a46908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:89px;">Outstanding at December 31, 2019 </div><div id="a46910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:296.248px;top:89px;">596,991</div><div id="a46913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.835px;top:89px;">$ </div><div id="a46915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.155px;top:89px;">64.54</div><div id="a46920" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.8px;">Granted </div><div id="a46922" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:303.128px;top:105.8px;">24,437</div><div id="a46926" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:105.8px;">41.59</div><div id="a46931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:121.9px;">Forfeited </div><div id="a46933" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:304.888px;top:121.9px;display:flex;">(5,622)</div><div id="a46937" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:121.9px;">40.01</div><div id="a46942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:137.9px;">Issued </div><div id="a46944" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:304.888px;top:137.9px;display:flex;">(1,191)</div><div id="a46948" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:137.9px;">40.20</div><div id="a46951" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.755px;top:137.9px;">$ </div><div id="a46953" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:621.115px;top:137.9px;">-</div><div id="a46955" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:154.7px;">Outstanding at December 31, 2020 </div><div id="a46957" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:296.248px;top:154.7px;">614,615</div><div id="a46960" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:154.7px;">$ </div><div id="a46962" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:154.7px;">39.95</div><div id="a46967" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:173.8px;">Not Vested at December 31, 2020 </div><div id="a46969" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:296.248px;top:173.8px;">121,696</div><div id="a46973" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.155px;top:173.8px;">39.95</div></div> 6223046 55.99 2890840 57.40 127181 55.84 2554720 50.16 143000000 6431985 58.94 4230413 59.01 101000000 P1Y8M15D P2Y1M20D 67.77 52.45 225000000 154000000 Cash settled executive restricted stock units granted in 2018 and 2019 replaced the stock option program. These restricted stock units, subject to elections to defer, will be settled in cash equal to the fair market value of a share of ConocoPhillips common stock per unit on the settlement date and are classified as liabilities on the balance sheet. Units awarded to retirement eligible employees vest six months from the grant date; however, those units are not settled until the earlier of separation from the company or the end of the regularly scheduled vesting period. Compensation expense is initially measured using the average fair market value of ConocoPhillips common stock and is subsequently adjusted, based on changes in the ConocoPhillips stock price through the end of each subsequent reporting period, through the settlement date. Recipients receive an accrued reinvested dividend equivalent that is charged to compensation expense. The accrued reinvested dividend is paid at the time of settlement, subject to the terms and conditions of the award. Beginning with executive restricted stock units granted in 2020 awards will be settled in stock. 596991 64.54 24437 41.59 5622 40.01 1191 40.20 0 614615 39.95 121696 39.95 1000000 P1Y P1Y1M13D 68.20 53.68 6000000 1000000 For performance periods beginning before 2009, PSUs do not vest until the employee becomes eligible for retirement by reaching age 55 with five years of service, and restrictions do not lapse until the employee separates from the company. With respect to awards for performance periods beginning in 2009 through 2012, PSUs do not vest until the earlier of the date the employee becomes eligible for retirement by reaching age 55 with five years of service or five years after the grant date of the award, and restrictions do not lapse until the earlier of the employee’s separation from the company or five years after the grant date (although recipients can elect to defer the lapsing of restrictions until separation). We recognize compensation expense for these awards beginning on the grant date and ending on the date the PSUs are scheduled to vest. Since these awards are authorized three years prior to the grant date, for employees eligible for retirement by or shortly after the grant date, we recognize compensation expense over the period beginning on the date of authorization and ending on the date of grant. Until issued as stock, recipients of the PSUs receive a quarterly cash payment of a dividend equivalent that is charged to retained earnings. Beginning in 2013, PSUs authorized for future grants will vest, absent employee election to defer, upon settlement following the conclusion of the three-year performance period. We recognize compensation expense over the period beginning on the date of authorization and ending on the conclusion of the performance period. PSUs are settled by issuing one share of ConocoPhillips common stock per unit. <div id="TextBlockContainer882" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_880_XBRL_CS_2150e7745c8f4e73bca5b63f3b3eda85" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer881" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:201px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our stock-settled Performance<div style="display:inline-block;width:1.8px"> </div>Share Program activity for the year ended<div style="display:inline-block;width:2.31px"> </div></div><div id="a47080" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">December 31, 2020: </div><div id="a47093" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.035px;top:49.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a47098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.555px;top:49.9px;">Millions of Dollars </div><div id="a47102" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:66.6px;">Stock Units </div><div id="a47105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:66.6px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a47108" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:66.6px;">Total Fair Value </div><div id="a47118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Outstanding at December 31, 2019 </div><div id="a47120" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:275.768px;top:99.5px;">2,024,824</div><div id="a47123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:412.755px;top:100.2px;">$ </div><div id="a47125" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:457.235px;top:99.5px;">50.55</div><div id="a47130" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:116.3px;">Granted </div><div id="a47132" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:293.208px;top:116.3px;">26,244</div><div id="a47136" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:116.3px;">58.61</div><div id="a47141" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Forfeited </div><div id="a47143" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:327.128px;top:132.5px;">-</div><div id="a47151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.5px;">Issued </div><div id="a47153" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:280.888px;top:148.5px;display:flex;">(314,340)</div><div id="a47157" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:148.5px;">51.15</div><div id="a47160" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.915px;top:148.5px;">$ </div><div id="a47162" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.675px;top:148.5px;">13</div><div id="a47164" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:165.3px;">Outstanding at December 31, 2020 </div><div id="a47167" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:275.768px;top:165.3px;">1,736,728</div><div id="a47170" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:165.3px;">$ </div><div id="a47172" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:165.3px;">50.56</div><div id="a47177" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:184.3px;">Not Vested at December 31, 2020 </div><div id="a47179" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:300.248px;top:184.3px;">3,191</div><div id="a47182" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:184.3px;">$ </div><div id="a47184" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:184.3px;">48.61</div></div></div></div><div id="TextBlockContainer888" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_886_XBRL_CS_c2ed00669cb64180933f32f809281f77" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer887" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47267" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes our cash-settled Performance<div style="display:inline-block;width:1.87px"> </div>Share Program activity for the year ended<div style="display:inline-block;width:2.31px"> </div></div><div id="a47272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">December 31, 2020: </div><div id="a47285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.035px;top:49.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a47290" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.555px;top:49.9px;">Millions of Dollars </div><div id="a47293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:66.6px;">Stock Units </div><div id="a47296" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:66.6px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a47299" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:66.6px;">Total Fair Value </div><div id="a47309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Outstanding at December 31, 2019 </div><div id="a47311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:286.328px;top:99.5px;">609,274</div><div id="a47314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:412.755px;top:100.2px;">$ </div><div id="a47316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:457.235px;top:99.5px;">64.54</div><div id="a47321" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:116.3px;">Granted </div><div id="a47323" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:275.768px;top:116.3px;">1,491,098</div><div id="a47327" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:116.3px;">58.61</div><div id="a47332" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Forfeited </div><div id="a47334" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:327.128px;top:132.5px;">-</div><div id="a47342" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.5px;">Settled </div><div id="a47344" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.488px;top:148.5px;display:flex;">(1,975,843)</div><div id="a47348" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:148.5px;">58.54</div><div id="a47351" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.915px;top:148.5px;">$ </div><div id="a47353" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.795px;top:148.5px;">116</div><div id="a47355" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:165.3px;">Outstanding at December 31, 2020 </div><div id="a47358" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:286.328px;top:165.3px;">124,529</div><div id="a47361" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:165.3px;">$ </div><div id="a47363" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:165.3px;">39.95</div></div></div></div> 2024824 50.55 26244 58.61 0 314340 51.15 13000000 1736728 50.56 3191 48.61 0 68.90 53.28 25000000 29000000 609274 64.54 1491098 58.61 0 1975843 58.54 116000000 124529 39.95 0 68.90 53.28 171000000 22000000 Beginning in February 2014, initial target PSU awards are issued near the beginning of new performance periods. These initial target PSU awards will terminate at the end of the performance periods and will be settled after the performance periods have ended. Also in 2014, initial target PSU awards were issued for open performance periods that began in prior years. For the open performance period beginning in 2012, the initial target PSU awards terminated at the end of the three-year performance period and were replaced with approved PSU awards. For the open performance period beginning in 2013, the initial target PSU awards terminated at the end of the three-year performance period and were settled after the performance period ended. <div id="TextBlockContainer896" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_894_XBRL_CS_29311590bd04462bbfb6373b7e71fea7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer895" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:182px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47471" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following summarizes the aggregate activity<div style="display:inline-block;width:1.96px"> </div>of these restricted shares and units for the<div style="display:inline-block;width:2.12px"> </div>year ended<div style="display:inline-block;width:3.21px"> </div></div><div id="a47473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">December 31, 2020: </div><div id="a47486" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:386.035px;top:49.9px;">Weighted-Average<div style="display:inline-block;width:5.15px"> </div></div><div id="a47491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.555px;top:49.9px;">Millions of Dollars </div><div id="a47494" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:270.008px;top:66.6px;">Stock Units </div><div id="a47497" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:367.795px;top:66.6px;">Grant Date Fair Value<div style="display:inline-block;width:4.38px"> </div></div><div id="a47500" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:66.6px;">Total Fair Value </div><div id="a47510" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Outstanding at December 31, 2019 </div><div id="a47512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:286.328px;top:99.5px;">991,908</div><div id="a47515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:412.755px;top:100.3px;">$ </div><div id="a47517" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:457.235px;top:99.5px;">47.24</div><div id="a47522" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:116.3px;">Granted </div><div id="a47524" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:293.208px;top:116.3px;">77,824</div><div id="a47528" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:116.3px;">51.46</div><div id="a47533" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Cancelled </div><div id="a47535" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:294.968px;top:132.5px;display:flex;">(1,336)</div><div id="a47539" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:132.5px;">23.09</div><div id="a47544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.5px;">Issued </div><div id="a47546" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:287.928px;top:148.5px;display:flex;">(98,297)</div><div id="a47550" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:148.5px;">45.57</div><div id="a47553" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:569.915px;top:148.5px;">$ </div><div id="a47555" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:618.715px;top:148.5px;">6</div><div id="a47557" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:165.3px;">Outstanding at December 31, 2020 </div><div id="a47560" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:286.328px;top:165.3px;">970,099</div><div id="a47563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:412.755px;top:165.3px;">$ </div><div id="a47565" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.235px;top:165.3px;">47.78</div></div></div></div> 991908 47.24 77824 51.46 1336 23.09 98297 45.57 6000000 970099 47.78 0 63.58 62.01 11000000 17000000 <div id="TextBlockContainer902" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:649px;height:272px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_900_XBRL_CS_bab1c301be1b445d955d4bb94a2570ce" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer901" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:649px;height:272px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47598" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 18—Income Taxes </div><div id="a47616" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:30.1px;">Components of income tax expense (benefit)<div style="display:inline-block;width:2.07px"> </div>were: </div><div id="a47628" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:453.555px;top:60.2px;">Millions of Dollars </div><div id="a47632" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.835px;top:77px;">2020 </div><div id="a47635" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.835px;top:77px;">2019 </div><div id="a47638" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:77px;">2018 </div><div id="a47640" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:93.8px;">Income Taxes </div><div id="a47648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.8px;">Federal </div><div id="a47657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:125.9px;">Current </div><div id="a47659" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:374.835px;top:125.9px;">$ </div><div id="a47661" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.635px;top:125.9px;">3</div><div id="a47664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.755px;top:125.9px;">18</div><div id="a47667" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:628.795px;top:125.9px;">4</div><div id="a47670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:141.9px;">Deferred </div><div id="a47673" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:141.9px;display:flex;">(625)</div><div id="a47676" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:141.9px;display:flex;">(113)</div><div id="a47679" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.875px;top:141.9px;">545</div><div id="a47681" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:158.1px;">Foreign </div><div id="a47690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:174.3px;">Current </div><div id="a47693" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:174.3px;">350</div><div id="a47696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:512.275px;top:174.3px;">2,545</div><div id="a47699" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.315px;top:174.3px;">3,273</div><div id="a47702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:190.3px;">Deferred </div><div id="a47705" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:190.3px;display:flex;">(70)</div><div id="a47708" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:190.3px;display:flex;">(323)</div><div id="a47711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:609.435px;top:190.3px;display:flex;">(166)</div><div id="a47713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:206.4px;">State and local </div><div id="a47722" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:222.6px;">Current </div><div id="a47725" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:222.6px;display:flex;">(4)</div><div id="a47728" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.875px;top:222.6px;">148</div><div id="a47731" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.875px;top:222.6px;">108</div><div id="a47734" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:238.6px;">Deferred </div><div id="a47737" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:238.6px;display:flex;">(139)</div><div id="a47740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.515px;top:238.6px;display:flex;">(8)</div><div id="a47743" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:616.475px;top:238.6px;display:flex;">(96)</div><div id="a47747" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:374.835px;top:255.4px;">$ </div><div id="a47749" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:255.4px;display:flex;">(485)</div><div id="a47752" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:512.275px;top:255.4px;">2,267</div><div id="a47755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.315px;top:255.4px;">3,668</div></div></div></div><div id="TextBlockContainer905" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:653px;height:381px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47759" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Deferred income taxes reflect the net tax effect of temporary<div style="display:inline-block;width:1.88px"> </div>differences between the carrying amounts of </div><div id="a47761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">assets and liabilities for financial reporting purposes<div style="display:inline-block;width:1.96px"> </div>and the amounts used for tax purposes.<div style="display:inline-block;width:5.91px"> </div>Major components </div><div id="a47763" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32px;">of deferred tax liabilities and assets at December<div style="display:inline-block;width:2.11px"> </div>31 were: </div><div id="a47772" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.115px;top:61.9px;">Millions of Dollars </div><div id="a47775" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.835px;top:78.6px;">2020 </div><div id="a47778" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:78.6px;">2019 </div><div id="a47780" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:95.4px;">Deferred Tax Liabilities </div><div id="a47786" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.2px;">PP&amp;E and intangibles </div><div id="a47788" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:112.2px;">$ </div><div id="a47790" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:112.2px;">7,744</div><div id="a47793" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:112.2px;">8,660</div><div id="a47795" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.3px;">Inventory </div><div id="a47798" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:520.795px;top:128.3px;">64</div><div id="a47801" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.755px;top:128.3px;">35</div><div id="a47803" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.5px;">Other </div><div id="a47806" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:144.5px;">242</div><div id="a47809" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:144.5px;">234</div><div id="a47811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.1px;">Total deferred tax liabilities </div><div id="a47814" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:161.1px;">8,050</div><div id="a47817" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:161.1px;">8,929</div><div id="a47824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:194.1px;">Deferred Tax Assets </div><div id="a47830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:210.1px;">Benefit plan accruals </div><div id="a47833" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:210.1px;">540</div><div id="a47836" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:210.1px;">542</div><div id="a47838" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.1px;">Asset retirement obligations and accrued environmental<div style="display:inline-block;width:1.9px"> </div>costs </div><div id="a47841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:227.1px;">2,262</div><div id="a47844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:227.1px;">2,339</div><div id="a47846" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:243.9px;">Investments in joint ventures </div><div id="a47849" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:243.9px;">1,653</div><div id="a47852" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:243.9px;">1,722</div><div id="a47854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:260.8px;">Other financial accruals and deferrals </div><div id="a47857" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:260.8px;">907</div><div id="a47860" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:260.8px;">777</div><div id="a47862" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:277.6px;">Loss and credit carryforwards </div><div id="a47866" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:277.6px;">8,904</div><div id="a47869" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:277.6px;">8,968</div><div id="a47871" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:294.4px;">Other </div><div id="a47874" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:294.4px;">365</div><div id="a47877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:294.4px;">345</div><div id="a47879" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:312px;">Total deferred tax assets </div><div id="a47882" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.275px;top:312px;">14,631</div><div id="a47885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:312px;">14,693</div><div id="a47887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:328.8px;">Less: valuation allowance </div><div id="a47890" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.035px;top:328.8px;display:flex;">(9,965)</div><div id="a47893" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.995px;top:328.8px;display:flex;">(10,214)</div><div id="a47895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:346.4px;">Total deferred tax assets net of valuation allowance </div><div id="a47898" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:346.4px;">4,666</div><div id="a47901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:346.4px;">4,479</div><div id="a47903" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:364.1px;">Net deferred tax liabilities </div><div id="a47905" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:364.1px;">$ </div><div id="a47907" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:364.1px;">3,384</div><div id="a47910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:364.1px;">4,450</div></div><div id="TextBlockContainer908" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:627px;height:130px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47914" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">At December 31, 2020, noncurrent assets and liabilities<div style="display:inline-block;width:1.66px"> </div>included deferred taxes of $</div><div id="a47914_84_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:475.248px;top:0px;">363</div><div id="a47917" style="position:absolute;font-family:'Calibri';font-size:14.72px;font-weight:normal;font-style:normal;left:496.275px;top:-1.2px;"> </div><div id="a47918" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:499.635px;top:0px;">million and </div><div id="a47919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">$</div><div id="a47919_1_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:16.2px;">3,747</div><div id="a47919_6_105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:43.408px;top:16.2px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively.<div style="display:inline-block;width:7.09px"> </div>At December 31, 2019, noncurrent assets and liabilities<div style="display:inline-block;width:1.67px"> </div>included deferred taxes </div><div id="a47922" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">of $</div><div id="a47922_4_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:26.933px;top:32.2px;">184</div><div id="a47923" style="position:absolute;font-family:'Calibri';font-size:14.72px;font-weight:normal;font-style:normal;left:48.048px;top:31px;"> </div><div id="a47924" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:51.408px;top:32.2px;">million and $</div><div id="a47924_13_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:125.968px;top:32.2px;">4,634</div><div id="a47924_18_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:157.488px;top:32.2px;"><div style="display:inline-block;width:3.36px"> </div>million, respectively. </div><div id="a47930" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;"> </div><div id="a47931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">At December 31, 2020,<div style="display:inline-block;width:2.95px"> </div>the loss and credit carryforward deferred tax<div style="display:inline-block;width:2.13px"> </div>assets were primarily related to U.S. </div><div id="a47938" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">foreign tax credit carryforwards of $</div><div id="a47938_37_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:208.854px;top:80.5px;">7</div><div id="a47938_38_65" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:215.894px;top:80.5px;"><div style="display:inline-block;width:3.55px"> </div>billion and various jurisdictions net<div style="display:inline-block;width:2.16px"> </div>operating loss and credit </div><div id="a47941" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">carryforwards of $</div><div id="a47941_18_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:109.014px;top:96.6px;">1.9</div><div id="a47941_21_92" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:126.448px;top:96.6px;"><div style="display:inline-block;width:3.52px"> </div>billion.<div style="display:inline-block;width:6.79px"> </div>If not utilized, U.S. foreign tax credits and net operating<div style="display:inline-block;width:1.67px"> </div>losses will begin to </div><div id="a47954" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">expire in 2021.</div></div><div id="TextBlockContainer911" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:203px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47963" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table shows a reconciliation<div style="display:inline-block;width:2.09px"> </div>of the beginning and ending deferred tax asset<div style="display:inline-block;width:2.08px"> </div>valuation allowance </div><div id="a47964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">for </div><div id="a47966" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">for 2020, 2019 and 2018: </div><div id="a47976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:45.9px;">Millions of Dollars </div><div id="a47979" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:62.7px;">2020 </div><div id="a47982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:62.7px;">2019 </div><div id="a47985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.7px;">2018 </div><div id="a47994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.5px;">Balance at January 1 </div><div id="a47996" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:95.5px;">$ </div><div id="a47998" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:95.5px;">10,214</div><div id="a48001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:95.5px;">3,040</div><div id="a48004" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:95.5px;">1,254</div><div id="a48006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.7px;">Charged to expense (benefit) </div><div id="a48009" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:111.7px;">460</div><div id="a48012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:111.7px;display:flex;">(225)</div><div id="a48015" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:111.7px;display:flex;">(26)</div><div id="a48017" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.9px;">Other* </div><div id="a48020" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:127.9px;display:flex;">(709)</div><div id="a48023" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:127.9px;">7,399</div><div id="a48026" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:127.9px;">1,812</div><div id="a48028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.5px;">Balance at December 31 </div><div id="a48030" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:144.5px;">$ </div><div id="a48032" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:146.4px;">9,965</div><div id="a48035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:146.4px;">10,214</div><div id="a48038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:146.4px;">3,040</div><div id="a48040" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:165.5px;">*Represents changes due to originating deferred tax asset that have no impact to our effective<div style="display:inline-block;width:1.33px"> </div>tax rate, acquisitions/dispositions/revisions and the </div><div id="a48042" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:177.8px;">effect of translating foreign financial statements.<div style="display:inline-block;width:4.78px"> </div>Certain items in the prior year have been reclassed to conform with the current year </div><div id="a48045" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:190px;">presentation, with no impacts to beginning and ending balances.</div></div><div id="TextBlockContainer914" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:355px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Valuation<div style="display:inline-block;width:4.92px"> </div>allowances have been established to reduce<div style="display:inline-block;width:2.06px"> </div>deferred tax assets to an amount that will,<div style="display:inline-block;width:2.04px"> </div>more likely </div><div id="a48050" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">than not, be realized.<div style="display:inline-block;width:6.32px"> </div>At December 31, 2020, we have maintained a valuation<div style="display:inline-block;width:2px"> </div>allowance with respect to </div><div id="a48054" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">substantially all U.S. foreign tax credit carryforwards<div style="display:inline-block;width:2px"> </div>as well as certain net operating loss carryforwards<div style="display:inline-block;width:1.96px"> </div>for </div><div id="a48061" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">various jurisdictions.<div style="display:inline-block;width:6.37px"> </div>During 2020, the valuation allowance movement<div style="display:inline-block;width:2.05px"> </div>charged to earnings primarily relates<div style="display:inline-block;width:2.54px"> </div>to </div><div id="a48069" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">capital losses in Australia and to the fair value<div style="display:inline-block;width:2.16px"> </div>measurement of our Cenovus Energy common shares that<div style="display:inline-block;width:2.06px"> </div>are </div><div id="a48071" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">not expected to be realized. Other movements are<div style="display:inline-block;width:2.15px"> </div>primarily related to valuation allowances<div style="display:inline-block;width:2.13px"> </div>on expiring tax </div><div id="a48072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">attributes.<div style="display:inline-block;width:6.64px"> </div>Based on our historical taxable income, expectations<div style="display:inline-block;width:1.8px"> </div>for the future, and available tax-planning </div><div id="a48076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.6px;">strategies,<div style="display:inline-block;width:3.14px"> </div>management expects deferred tax assets, net of<div style="display:inline-block;width:2.05px"> </div>valuation allowances, will primarily be realized<div style="display:inline-block;width:2.11px"> </div>as </div><div id="a48080" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">offsets to reversing deferred tax liabilities.<div style="display:inline-block;width:5.96px"> </div></div><div id="a48082" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;"> </div><div id="a48083" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">On December 2, 2019, the Internal Revenue Service<div style="display:inline-block;width:1.93px"> </div>finalized foreign tax credit regulations related<div style="display:inline-block;width:2.05px"> </div>to the 2017 </div><div id="a48086" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">Tax Cuts and Jobs Act.<div style="display:inline-block;width:7.25px"> </div>Due to the finalization of these regulations, in the<div style="display:inline-block;width:2.18px"> </div>fourth quarter of 2019 we </div><div id="a48087" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.3px;">recognized $</div><div id="a48087_12_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:76.693px;top:193.3px;">151</div><div id="a48087_15_68" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:97.813px;top:193.3px;"><div style="display:inline-block;width:3.52px"> </div>million of net deferred tax assets.<div style="display:inline-block;width:5.77px"> </div>Correspondingly, we recorded $</div><div id="a48087_83_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:475.254px;top:193.3px;">6,642</div><div id="a48087_88_21" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.774px;top:193.3px;"><div style="display:inline-block;width:3.52px"> </div>million of existing </div><div id="a48088" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">foreign tax credit carryovers where recognition<div style="display:inline-block;width:2.11px"> </div>was previously considered to be remote.<div style="display:inline-block;width:5.86px"> </div>Present legislation </div><div id="a48090" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;">still makes their realization unlikely and therefore<div style="display:inline-block;width:2.17px"> </div>these credits have been offset with a full valuation </div><div id="a48091" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">allowance.<div style="display:inline-block;width:3.09px"> </div></div><div id="a48093" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;"> </div><div id="a48094" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.8px;">At December 31, 2020, unremitted income<div style="display:inline-block;width:2.12px"> </div>considered to be permanently reinvested in certain<div style="display:inline-block;width:1.99px"> </div>foreign </div><div id="a48096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">subsidiaries and foreign corporate joint ventures<div style="display:inline-block;width:2.02px"> </div>totaled approximately $</div><div id="a48096_73_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:411.475px;top:289.8px;">3,982</div><div id="a48096_78_33" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:442.995px;top:289.8px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>Deferred income taxes </div><div id="a48100" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.9px;">have not been provided on this amount, as<div style="display:inline-block;width:2.1px"> </div>we do not plan to initiate any action that would<div style="display:inline-block;width:2.17px"> </div>require the payment </div><div id="a48101" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322.1px;">of income taxes.<div style="display:inline-block;width:6.54px"> </div>The estimated amount of additional tax, primarily<div style="display:inline-block;width:1.89px"> </div>local withholding tax, that would be </div><div id="a48103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">payable on this income if distributed is approximately<div style="display:inline-block;width:1.93px"> </div>$</div><div id="a48103_56_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:317.528px;top:338.1px;">199</div><div id="a48103_59_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:338.488px;top:338.1px;"><div style="display:inline-block;width:3.55px"> </div>million.</div></div><div id="TextBlockContainer917" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:212px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48109" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table shows a reconciliation<div style="display:inline-block;width:2.09px"> </div>of the beginning and ending unrecognized<div style="display:inline-block;width:2.25px"> </div>tax benefits for 2020,<div style="display:inline-block;width:2.81px"> </div></div><div id="a48112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">2019 and 2018: </div><div id="a48122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:46.1px;">Millions of Dollars </div><div id="a48125" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:62.9px;">2020 </div><div id="a48128" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:62.9px;">2019 </div><div id="a48131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.9px;">2018 </div><div id="a48140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.7px;">Balance at January 1 </div><div id="a48142" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:95.7px;">$ </div><div id="a48144" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:95.7px;">1,177</div><div id="a48147" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:95.7px;">1,081</div><div id="a48150" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:95.7px;">882</div><div id="a48152" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.9px;">Additions based on tax positions related to the current<div style="display:inline-block;width:1.86px"> </div>year </div><div id="a48155" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.755px;top:111.9px;">6</div><div id="a48158" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:111.9px;">9</div><div id="a48161" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:111.9px;">268</div><div id="a48163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.9px;">Additions for tax positions of prior years </div><div id="a48167" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:127.9px;">67</div><div id="a48170" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:127.9px;">120</div><div id="a48173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:127.9px;">43</div><div id="a48175" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144px;">Reductions for tax positions of prior years </div><div id="a48178" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:144px;display:flex;">(34)</div><div id="a48181" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.595px;top:144px;display:flex;">(22)</div><div id="a48184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:144px;display:flex;">(73)</div><div id="a48186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.2px;">Settlements </div><div id="a48189" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.475px;top:160.2px;display:flex;">(9)</div><div id="a48192" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.635px;top:160.2px;display:flex;">(9)</div><div id="a48195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:160.2px;display:flex;">(35)</div><div id="a48197" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.2px;">Lapse of statute </div><div id="a48200" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.475px;top:176.2px;display:flex;">(1)</div><div id="a48203" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.635px;top:176.2px;display:flex;">(2)</div><div id="a48206" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.595px;top:176.2px;display:flex;">(4)</div><div id="a48208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193px;">Balance at December 31 </div><div id="a48210" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:193px;">$ </div><div id="a48212" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:194.8px;">1,206</div><div id="a48215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:194.8px;">1,177</div><div id="a48218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:194.8px;">1,081</div></div><div id="TextBlockContainer920" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:638px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48222" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Included in the balance of unrecognized tax benefits<div style="display:inline-block;width:1.94px"> </div>for 2020, 2019 and 2018 were $</div><div id="a48222_83_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:480.275px;top:0px;">1,128</div><div id="a48222_88_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:511.795px;top:0px;"><div style="display:inline-block;width:3.56px"> </div>million, </div><div id="a48233" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">$</div><div id="a48233_1_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:16px;">1,100</div><div id="a48233_6_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:43.408px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a48233_20_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:121.488px;top:16px;">1,081</div><div id="a48233_25_88" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:153.008px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively, which, if recognized, would impact our effective tax rate.<div style="display:inline-block;width:5.74px"> </div>The </div></div><div id="TextBlockContainer922" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:633px;height:275px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48245" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">balance of the unrecognized tax benefits increased<div style="display:inline-block;width:2.15px"> </div>in 2019 mainly due to the treatment of our<div style="display:inline-block;width:2.19px"> </div>PDVSA </div><div id="a48279" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">settlement. The balance of the unrecognized tax<div style="display:inline-block;width:2.04px"> </div>benefits increased in 2018 mainly due to the treatment<div style="display:inline-block;width:1.83px"> </div>of </div><div id="a48313" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">distributions from certain foreign subsidiaries.<div style="display:inline-block;width:5.62px"> </div>See Note 12—Contingencies and Commitments,<div style="display:inline-block;width:1.89px"> </div>for more </div><div id="a48327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">information on the PDVSA settlement.<div style="display:inline-block;width:2.25px"> </div></div><div id="a48329" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;"> </div><div id="a48330" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">At December 31, 2020, 2019 and 2018, accrued liabilities<div style="display:inline-block;width:1.66px"> </div>for interest and penalties totaled $</div><div id="a48330_93_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.328px;top:80.5px;">46</div><div id="a48330_95_10" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.475px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>million, </div><div id="a48342" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">$</div><div id="a48342_1_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:96.5px;">42</div><div id="a48342_3_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:25.813px;top:96.5px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a48342_17_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:104.048px;top:96.5px;">45</div><div id="a48342_19_91" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:117.968px;top:96.5px;"><div style="display:inline-block;width:3.52px"> </div>million, respectively, net of accrued income taxes.<div style="display:inline-block;width:6.42px"> </div>Interest and penalties resulted in a </div><div id="a48350" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">reduction to earnings of $</div><div id="a48350_26_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:148.688px;top:112.7px;">4</div><div id="a48350_27_44" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:155.728px;top:112.7px;"><div style="display:inline-block;width:3.36px"> </div>million in 2020, a benefit to earnings of $</div><div id="a48350_71_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:392.275px;top:112.7px;">3</div><div id="a48350_72_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:399.155px;top:112.7px;"><div style="display:inline-block;width:3.52px"> </div>million in 2019, and a benefit to </div><div id="a48361" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">earnings of $</div><div id="a48361_13_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:77.973px;top:128.8px;">4</div><div id="a48361_14_35" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:84.853px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>million in 2018, respectively.<div style="display:inline-block;width:10.42px"> </div></div><div id="a48365" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;"> </div><div id="a48366" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">We file tax returns in the U.S. federal jurisdiction and in many foreign and state jurisdictions.<div style="display:inline-block;width:5.23px"> </div>Audits in major </div><div id="a48367" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">jurisdictions are generally complete as follows:<div style="display:inline-block;width:2.05px"> </div>U.K. (2015), Canada (2014), U.S. (2014) and<div style="display:inline-block;width:2.09px"> </div>Norway (2019).<div style="display:inline-block;width:3.23px"> </div></div><div id="a48372" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">Issues in dispute for audited years and audits for<div style="display:inline-block;width:2.09px"> </div>subsequent years are ongoing and in various stages<div style="display:inline-block;width:2.04px"> </div>of </div><div id="a48373" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">completion in the many jurisdictions in which<div style="display:inline-block;width:2.08px"> </div>we operate around the world.<div style="display:inline-block;width:6.13px"> </div>Consequently, the balance in </div><div id="a48374" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;">unrecognized tax benefits can be expected to fluctuate<div style="display:inline-block;width:2.05px"> </div>from period to period.<div style="display:inline-block;width:6.22px"> </div>It is reasonably possible such </div><div id="a48376" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">changes could be significant when compared<div style="display:inline-block;width:2.08px"> </div>with our total unrecognized tax benefits, but the amount<div style="display:inline-block;width:1.9px"> </div>of </div><div id="a48377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">change is not estimable.</div></div><div id="TextBlockContainer925" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:377px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48382" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The amounts of U.S. and foreign income (loss)<div style="display:inline-block;width:2.15px"> </div>before income taxes, with a reconciliation of tax<div style="display:inline-block;width:2.17px"> </div>at the federal </div><div id="a48385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">statutory rate to the provision for income taxes,<div style="display:inline-block;width:2.13px"> </div>were: </div><div id="a48405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:256.088px;top:46.2px;">Millions of Dollars </div><div id="a48410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:431.155px;top:46.2px;">Percent of Pre-Tax Income (Loss) </div><div id="a48418" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:250.648px;top:63px;">2020 </div><div id="a48421" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:317.688px;top:63px;">2019 </div><div id="a48424" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:384.755px;top:63px;">2018 </div><div id="a48427" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.795px;top:63px;">2020 </div><div id="a48430" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.715px;top:63px;">2019 </div><div id="a48433" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:63px;">2018 </div><div id="a48435" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:79.8px;">Income (loss) before income taxes </div><div id="a48450" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:95.8px;">United States </div><div id="a48452" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:95.8px;">$ </div><div id="a48454" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:237.848px;top:96.8px;display:flex;">(3,587)</div><div id="a48457" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:96.8px;">4,704</div><div id="a48460" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:96.8px;">2,867</div><div id="a48463" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:96.8px;">114.2</div><div id="a48465" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:95.8px;">% </div><div id="a48467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:96.8px;">49.4</div><div id="a48470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:96.8px;">28.7</div><div id="a48473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:113px;">Foreign </div><div id="a48476" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:253.688px;top:113.9px;">447</div><div id="a48479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:113.9px;">4,820</div><div id="a48482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:113.9px;">7,106</div><div id="a48485" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.035px;top:113.9px;display:flex;">(14.2)</div><div id="a48488" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:113.9px;">50.6</div><div id="a48491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:113.9px;">71.3</div><div id="a48494" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:130.7px;">$ </div><div id="a48496" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:237.848px;top:130.7px;display:flex;">(3,140)</div><div id="a48499" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:130.7px;">9,524</div><div id="a48502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:130.7px;">9,973</div><div id="a48505" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:130.7px;">100.0</div><div id="a48507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:130.7px;">% </div><div id="a48509" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.195px;top:130.7px;">100.0</div><div id="a48512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:130.7px;">100.0</div><div id="a48529" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:165.9px;">Federal statutory income tax </div><div id="a48533" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:165.9px;">$ </div><div id="a48535" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:165.9px;display:flex;">(659)</div><div id="a48538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:165.9px;">2,000</div><div id="a48541" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:165.9px;">2,095</div><div id="a48544" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:165.9px;">21.0</div><div id="a48546" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:165.9px;">% </div><div id="a48548" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:165.9px;">21.0</div><div id="a48551" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:165.9px;">21.0</div><div id="a48553" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:182.1px;">Non-U.S. effective tax rates </div><div id="a48558" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:253.688px;top:182.1px;">194</div><div id="a48561" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:182.1px;">1,399</div><div id="a48564" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:182.1px;">1,766</div><div id="a48567" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.915px;top:182.1px;display:flex;">(6.2)</div><div id="a48570" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:182.1px;">14.7</div><div id="a48573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:182.1px;">17.7</div><div id="a48575" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:198.1px;">Tax Legislation </div><div id="a48578" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.008px;top:198.1px;">-</div><div id="a48581" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.048px;top:198.1px;">-</div><div id="a48584" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:198.1px;display:flex;">(10)</div><div id="a48587" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.155px;top:198.1px;">-</div><div id="a48590" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:554.075px;top:198.1px;">-</div><div id="a48593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:198.1px;display:flex;">(0.1)</div><div id="a48595" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:214.3px;">Australia disposition </div><div id="a48598" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:214.3px;display:flex;">(349)</div><div id="a48601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.048px;top:214.3px;">-</div><div id="a48604" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:404.115px;top:214.3px;">-</div><div id="a48607" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:214.3px;">11.1</div><div id="a48610" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:554.075px;top:214.3px;">-</div><div id="a48613" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:214.3px;">-</div><div id="a48615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:230.3px;">U.K. disposition </div><div id="a48618" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.008px;top:230.3px;">-</div><div id="a48621" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.288px;top:230.3px;display:flex;">(732)</div><div id="a48624" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:382.355px;top:230.3px;display:flex;">(150)</div><div id="a48627" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.155px;top:230.3px;">-</div><div id="a48630" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:230.3px;display:flex;">(7.7)</div><div id="a48633" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:230.3px;display:flex;">(1.5)</div><div id="a48635" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:246.4px;">Recovery of outside basis </div><div id="a48638" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:255.288px;top:246.4px;display:flex;">(22)</div><div id="a48641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:322.328px;top:246.4px;display:flex;">(77)</div><div id="a48644" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:246.4px;display:flex;">(21)</div><div id="a48647" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:246.4px;">0.7</div><div id="a48650" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:246.4px;display:flex;">(0.8)</div><div id="a48653" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:246.4px;display:flex;">(0.2)</div><div id="a48655" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.6px;">Adjustment to tax reserves </div><div id="a48658" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:260.568px;top:262.6px;">18</div><div id="a48661" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.648px;top:262.6px;">9</div><div id="a48664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.435px;top:262.6px;display:flex;">(4)</div><div id="a48667" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.915px;top:262.6px;display:flex;">(0.6)</div><div id="a48670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.275px;top:262.6px;">0.1</div><div id="a48673" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:262.6px;">-</div><div id="a48675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:278.6px;">Adjustment to valuation allowance </div><div id="a48678" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:253.688px;top:278.6px;">460</div><div id="a48681" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.288px;top:278.6px;display:flex;">(225)</div><div id="a48684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:278.6px;display:flex;">(26)</div><div id="a48687" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.035px;top:278.6px;display:flex;">(14.6)</div><div id="a48690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:278.6px;display:flex;">(2.4)</div><div id="a48693" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:278.6px;display:flex;">(0.3)</div><div id="a48695" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:294.7px;">State income tax </div><div id="a48698" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:294.7px;display:flex;">(112)</div><div id="a48701" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:320.728px;top:294.7px;">123</div><div id="a48704" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:387.795px;top:294.7px;">135</div><div id="a48707" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:294.7px;">3.6</div><div id="a48710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.275px;top:294.7px;">1.3</div><div id="a48713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:294.7px;">1.4</div><div id="a48715" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:310.9px;">Malaysia Deepwater Incentive </div><div id="a48718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.008px;top:310.9px;">-</div><div id="a48721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.288px;top:310.9px;display:flex;">(164)</div><div id="a48724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:404.115px;top:310.9px;">-</div><div id="a48727" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.155px;top:310.9px;">-</div><div id="a48730" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:310.9px;display:flex;">(1.7)</div><div id="a48733" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:310.9px;">-</div><div id="a48735" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:326.9px;">Enhanced oil recovery credit </div><div id="a48738" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:262.328px;top:326.9px;display:flex;">(6)</div><div id="a48741" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:322.328px;top:326.9px;display:flex;">(27)</div><div id="a48744" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:326.9px;display:flex;">(99)</div><div id="a48747" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:326.9px;">0.2</div><div id="a48750" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:326.9px;display:flex;">(0.3)</div><div id="a48753" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:326.9px;display:flex;">(1.0)</div><div id="a48755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:343.1px;">Other </div><div id="a48758" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:262.328px;top:343.1px;display:flex;">(9)</div><div id="a48761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:322.328px;top:343.1px;display:flex;">(39)</div><div id="a48764" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:343.1px;display:flex;">(18)</div><div id="a48767" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:343.1px;">0.3</div><div id="a48770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:343.1px;display:flex;">(0.4)</div><div id="a48773" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:343.1px;display:flex;">(0.2)</div><div id="a48778" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:359.9px;">$ </div><div id="a48780" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:359.9px;display:flex;">(485)</div><div id="a48783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:359.9px;">2,267</div><div id="a48786" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:359.9px;">3,668</div><div id="a48789" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:359.9px;">15.5</div><div id="a48791" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:359.9px;">% </div><div id="a48793" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:359.9px;">23.8</div><div id="a48796" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:359.9px;">36.8</div></div><div id="TextBlockContainer928" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:633px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Our effective tax rate for 2020 was impacted by the disposition<div style="display:inline-block;width:1.73px"> </div>of our Australia-West assets as well as the </div><div id="a48805" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">valuation allowance related to the fair value measurement<div style="display:inline-block;width:1.71px"> </div>of our Cenovus Energy common shares.<div style="display:inline-block;width:6.12px"> </div>The </div><div id="a48808" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">Australia-West disposition generated a before-tax gain of $</div><div id="a48808_59_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:336.408px;top:32.3px;">587</div><div id="a48808_62_44" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:357.528px;top:32.3px;"><div style="display:inline-block;width:3.52px"> </div>million with an associated tax benefit of<div style="display:inline-block;width:2.16px"> </div>$</div><div id="a48808_106_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:596.248px;top:32.3px;">10</div><div id="a48808_108_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:610.235px;top:32.3px;"> </div><div id="a48816" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">million and resulted in the de-recognition of deferred<div style="display:inline-block;width:2.06px"> </div>tax assets resulting in $</div><div id="a48816_80_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:436.275px;top:48.3px;">92</div><div id="a48816_82_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:450.355px;top:48.3px;"><div style="display:inline-block;width:3.52px"> </div>million of tax expense.<div style="display:inline-block;width:6.2px"> </div>The </div><div id="a48827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">disposition also generated an Australia capital<div style="display:inline-block;width:2.05px"> </div>loss tax benefit of $</div><div id="a48827_69_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:376.435px;top:64.5px;">313</div><div id="a48827_72_42" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:397.555px;top:64.5px;"><div style="display:inline-block;width:3.52px"> </div>million which has been fully offset by a </div><div id="a48838" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">valuation allowance.<div style="display:inline-block;width:9.89px"> </div>Due to changes in the fair market value of Cenovus<div style="display:inline-block;width:1.96px"> </div>Energy common shares, the </div><div id="a48844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.6px;">valuation allowance was increased by $</div><div id="a48844_38_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:226.773px;top:96.6px;">178</div><div id="a48844_41_46" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:247.733px;top:96.6px;"><div style="display:inline-block;width:3.55px"> </div>million to offset the expected capital loss. </div><div id="a48848" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.8px;"> </div><div id="a48849" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">Our effective tax rate for 2019 was favorably impacted<div style="display:inline-block;width:2.15px"> </div>by the sale of two of our U.K. subsidiaries.<div style="display:inline-block;width:2.11px"> </div>The </div><div id="a48850" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">disposition generated a before-tax gain of more than<div style="display:inline-block;width:1.95px"> </div>$</div><div id="a48850_54_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:308.088px;top:145px;">1.7</div><div id="a48850_57_44" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:325.528px;top:145px;"><div style="display:inline-block;width:3.36px"> </div>billion with an associated tax benefit of $</div><div id="a48850_101_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:560.409px;top:145px;">335</div><div id="a48850_104_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:581.369px;top:145px;"> </div></div><div id="TextBlockContainer930" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:634px;height:339px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48856" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">million. The disposition generated a U.S. capital<div style="display:inline-block;width:2.01px"> </div>loss of approximately $</div><div id="a48856_73_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:411.254px;top:0px;">2.1</div><div id="a48856_76_36" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:428.694px;top:0px;"><div style="display:inline-block;width:3.52px"> </div>billion which has generated a U.S. </div><div id="a48858" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">tax benefit of approximately $</div><div id="a48858_30_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:174.294px;top:16px;">285</div><div id="a48858_33_78" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:195.414px;top:16px;"><div style="display:inline-block;width:3.52px"> </div>million. The remaining U.S. capital loss<div style="display:inline-block;width:2.11px"> </div>has been recorded as a deferred tax </div><div id="a48859" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">asset fully offset with a valuation<div style="display:inline-block;width:2.75px"> </div>allowance.<div style="display:inline-block;width:6.77px"> </div>See Note 4—Asset Acquisitions and Dispositions,<div style="display:inline-block;width:1.81px"> </div>for additional </div><div id="a48863" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">information on the disposition. </div><div id="a48864" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:181.048px;top:48.2px;"> </div><div id="a48865" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;"> </div><div id="a48866" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">During the third quarter of 2019, we received final<div style="display:inline-block;width:2.02px"> </div>partner approval in Malaysia Block G to claim<div style="display:inline-block;width:2.12px"> </div>certain </div><div id="a48867" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.5px;">deepwater tax credits. As a result, we recorded<div style="display:inline-block;width:2.18px"> </div>an income tax benefit of $</div><div id="a48867_74_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:416.568px;top:96.5px;">164</div><div id="a48867_77_9" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:437.555px;top:96.5px;"><div style="display:inline-block;width:3.52px"> </div>million.</div><div id="a48871" style="position:absolute;font-family:'Times New Roman';font-size:16px;font-weight:normal;font-style:normal;left:484.915px;top:94.8px;"> </div><div id="a48872" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;"> </div><div id="a48873" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">The decrease in the effective tax rate for 2018 was primarily<div style="display:inline-block;width:1.91px"> </div>due to the impact of the Clair Field disposition<div style="display:inline-block;width:2.01px"> </div>in </div><div id="a48875" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.8px;">the U.K. and our overall income position, partially<div style="display:inline-block;width:1.9px"> </div>offset by our change in mix of income among taxing </div><div id="a48878" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">jurisdictions.<div style="display:inline-block;width:6.54px"> </div>Our effective tax rate for 2018 was favorably impacted<div style="display:inline-block;width:2.03px"> </div>by the sale of a U.K. subsidiary to BP.<div style="display:inline-block;width:3.86px"> </div></div><div id="a48882" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177px;">The subsidiary held </div><div id="a48882_20_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:118.773px;top:177px;">16.5</div><div id="a48882_24_16" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:143.253px;top:177px;"><div style="display:inline-block;width:3.52px"> </div>percent of our </div><div id="a48882_40_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:228.854px;top:177px;">24</div><div id="a48882_42_66" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:242.774px;top:177px;"><div style="display:inline-block;width:3.52px"> </div>percent interest in the BP-operated Clair Field<div style="display:inline-block;width:2.04px"> </div>in the U.K.<div style="display:inline-block;width:6.71px"> </div>The </div><div id="a48885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">disposition generated a before-tax gain of $</div><div id="a48885_44_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:248.248px;top:193.1px;">715</div><div id="a48885_47_56" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:269.208px;top:193.1px;"><div style="display:inline-block;width:3.52px"> </div>million with no associated tax cost.<div style="display:inline-block;width:5.83px"> </div>See Note 4—Asset </div><div id="a48891" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">Acquisitions and Dispositions, for additional<div style="display:inline-block;width:2.15px"> </div>information on the disposition. </div><div id="a48893" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.3px;"> </div><div id="a48894" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">As a result of the COVID-19 pandemic and the<div style="display:inline-block;width:2.11px"> </div>resulting economic uncertainty, many countries in which we </div><div id="a48897" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.5px;">operate, including Australia, Canada, Norway and<div style="display:inline-block;width:2.03px"> </div>the U.S., have enacted responsive tax legislation.<div style="display:inline-block;width:5.46px"> </div>During </div><div id="a48899" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:273.7px;">the second quarter, Norway enacted legislation to accelerate<div style="display:inline-block;width:2.18px"> </div>the recovery of capital expenditures and allow </div><div id="a48900" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:289.8px;">immediate monetization of tax losses.<div style="display:inline-block;width:5.78px"> </div>As a result, in the second quarter of 2020, we recorded<div style="display:inline-block;width:1.99px"> </div>an increase to </div><div id="a48902" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:305.8px;">our net deferred tax liability of $</div><div id="a48902_35_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:187.574px;top:305.8px;">120</div><div id="a48902_38_75" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:208.694px;top:305.8px;"><div style="display:inline-block;width:3.52px"> </div>million and a decrease to our accrued income<div style="display:inline-block;width:2px"> </div>and other taxes liability of </div><div id="a48903" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322px;">$</div><div id="a48903_1_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:11.733px;top:322px;">124</div><div id="a48903_4_95" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:32.853px;top:322px;"><div style="display:inline-block;width:3.52px"> </div>million.<div style="display:inline-block;width:6.68px"> </div>Legislation in other jurisdictions did not have<div style="display:inline-block;width:2.03px"> </div>a material impact to ConocoPhillips.</div></div> <div id="TextBlockContainer901" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:649px;height:272px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47598" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 18—Income Taxes </div><div id="a47616" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:30.1px;">Components of income tax expense (benefit)<div style="display:inline-block;width:2.07px"> </div>were: </div><div id="a47628" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:453.555px;top:60.2px;">Millions of Dollars </div><div id="a47632" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.835px;top:77px;">2020 </div><div id="a47635" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.835px;top:77px;">2019 </div><div id="a47638" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:77px;">2018 </div><div id="a47640" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:93.8px;">Income Taxes </div><div id="a47648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.8px;">Federal </div><div id="a47657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:125.9px;">Current </div><div id="a47659" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:374.835px;top:125.9px;">$ </div><div id="a47661" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.635px;top:125.9px;">3</div><div id="a47664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.755px;top:125.9px;">18</div><div id="a47667" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:628.795px;top:125.9px;">4</div><div id="a47670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:141.9px;">Deferred </div><div id="a47673" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:141.9px;display:flex;">(625)</div><div id="a47676" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:141.9px;display:flex;">(113)</div><div id="a47679" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.875px;top:141.9px;">545</div><div id="a47681" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:158.1px;">Foreign </div><div id="a47690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:174.3px;">Current </div><div id="a47693" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:174.3px;">350</div><div id="a47696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:512.275px;top:174.3px;">2,545</div><div id="a47699" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.315px;top:174.3px;">3,273</div><div id="a47702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:190.3px;">Deferred </div><div id="a47705" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:190.3px;display:flex;">(70)</div><div id="a47708" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:190.3px;display:flex;">(323)</div><div id="a47711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:609.435px;top:190.3px;display:flex;">(166)</div><div id="a47713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:206.4px;">State and local </div><div id="a47722" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:222.6px;">Current </div><div id="a47725" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:222.6px;display:flex;">(4)</div><div id="a47728" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.875px;top:222.6px;">148</div><div id="a47731" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:614.875px;top:222.6px;">108</div><div id="a47734" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:238.6px;">Deferred </div><div id="a47737" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:238.6px;display:flex;">(139)</div><div id="a47740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.515px;top:238.6px;display:flex;">(8)</div><div id="a47743" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:616.475px;top:238.6px;display:flex;">(96)</div><div id="a47747" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:374.835px;top:255.4px;">$ </div><div id="a47749" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:255.4px;display:flex;">(485)</div><div id="a47752" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:512.275px;top:255.4px;">2,267</div><div id="a47755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.315px;top:255.4px;">3,668</div></div> 3000000 18000000 4000000 -625000000 -113000000 545000000 350000000 2545000000 3273000000 -70000000 -323000000 -166000000 -4000000 148000000 108000000 -139000000 -8000000 -96000000 -485000000 2267000000 3668000000 <div id="TextBlockContainer906" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:653px;height:381px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_904_XBRL_CS_51b42762022a497a8fa051ae8473663c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer905" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:653px;height:381px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47759" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Deferred income taxes reflect the net tax effect of temporary<div style="display:inline-block;width:1.88px"> </div>differences between the carrying amounts of </div><div id="a47761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">assets and liabilities for financial reporting purposes<div style="display:inline-block;width:1.96px"> </div>and the amounts used for tax purposes.<div style="display:inline-block;width:5.91px"> </div>Major components </div><div id="a47763" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32px;">of deferred tax liabilities and assets at December<div style="display:inline-block;width:2.11px"> </div>31 were: </div><div id="a47772" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:492.115px;top:61.9px;">Millions of Dollars </div><div id="a47775" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.835px;top:78.6px;">2020 </div><div id="a47778" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:78.6px;">2019 </div><div id="a47780" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:95.4px;">Deferred Tax Liabilities </div><div id="a47786" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.2px;">PP&amp;E and intangibles </div><div id="a47788" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:112.2px;">$ </div><div id="a47790" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:112.2px;">7,744</div><div id="a47793" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:112.2px;">8,660</div><div id="a47795" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.3px;">Inventory </div><div id="a47798" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:520.795px;top:128.3px;">64</div><div id="a47801" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:625.755px;top:128.3px;">35</div><div id="a47803" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.5px;">Other </div><div id="a47806" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:144.5px;">242</div><div id="a47809" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:144.5px;">234</div><div id="a47811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.1px;">Total deferred tax liabilities </div><div id="a47814" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:161.1px;">8,050</div><div id="a47817" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:161.1px;">8,929</div><div id="a47824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:194.1px;">Deferred Tax Assets </div><div id="a47830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:210.1px;">Benefit plan accruals </div><div id="a47833" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:210.1px;">540</div><div id="a47836" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:210.1px;">542</div><div id="a47838" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.1px;">Asset retirement obligations and accrued environmental<div style="display:inline-block;width:1.9px"> </div>costs </div><div id="a47841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:227.1px;">2,262</div><div id="a47844" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:227.1px;">2,339</div><div id="a47846" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:243.9px;">Investments in joint ventures </div><div id="a47849" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:243.9px;">1,653</div><div id="a47852" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:243.9px;">1,722</div><div id="a47854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:260.8px;">Other financial accruals and deferrals </div><div id="a47857" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:260.8px;">907</div><div id="a47860" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:260.8px;">777</div><div id="a47862" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:277.6px;">Loss and credit carryforwards </div><div id="a47866" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:277.6px;">8,904</div><div id="a47869" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:277.6px;">8,968</div><div id="a47871" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:294.4px;">Other </div><div id="a47874" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:513.915px;top:294.4px;">365</div><div id="a47877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:294.4px;">345</div><div id="a47879" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:312px;">Total deferred tax assets </div><div id="a47882" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:496.275px;top:312px;">14,631</div><div id="a47885" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:312px;">14,693</div><div id="a47887" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:328.8px;">Less: valuation allowance </div><div id="a47890" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:498.035px;top:328.8px;display:flex;">(9,965)</div><div id="a47893" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.995px;top:328.8px;display:flex;">(10,214)</div><div id="a47895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:346.4px;">Total deferred tax assets net of valuation allowance </div><div id="a47898" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:346.4px;">4,666</div><div id="a47901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:346.4px;">4,479</div><div id="a47903" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:364.1px;">Net deferred tax liabilities </div><div id="a47905" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:364.1px;">$ </div><div id="a47907" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.315px;top:364.1px;">3,384</div><div id="a47910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:364.1px;">4,450</div></div></div></div> 7744000000 8660000000 64000000 35000000 242000000 234000000 8050000000 8929000000 540000000 542000000 2262000000 2339000000 1653000000 1722000000 907000000 777000000 8904000000 8968000000 365000000 345000000 14631000000 14693000000 9965000000 10214000000 4666000000 4479000000 3384000000 4450000000 363000000 3747000000 184000000 4634000000 7000000000 1900000000 <div id="TextBlockContainer912" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:203px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_910_XBRL_CS_ba0f49c6b19647678cb2a7a6facf6e8a" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer911" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:203px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a47963" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table shows a reconciliation<div style="display:inline-block;width:2.09px"> </div>of the beginning and ending deferred tax asset<div style="display:inline-block;width:2.08px"> </div>valuation allowance </div><div id="a47964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">for </div><div id="a47966" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">for 2020, 2019 and 2018: </div><div id="a47976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:45.9px;">Millions of Dollars </div><div id="a47979" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:62.7px;">2020 </div><div id="a47982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:62.7px;">2019 </div><div id="a47985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.7px;">2018 </div><div id="a47994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.5px;">Balance at January 1 </div><div id="a47996" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:95.5px;">$ </div><div id="a47998" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:95.5px;">10,214</div><div id="a48001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:95.5px;">3,040</div><div id="a48004" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:95.5px;">1,254</div><div id="a48006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.7px;">Charged to expense (benefit) </div><div id="a48009" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:111.7px;">460</div><div id="a48012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:111.7px;display:flex;">(225)</div><div id="a48015" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:111.7px;display:flex;">(26)</div><div id="a48017" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.9px;">Other* </div><div id="a48020" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:127.9px;display:flex;">(709)</div><div id="a48023" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:127.9px;">7,399</div><div id="a48026" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:127.9px;">1,812</div><div id="a48028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144.5px;">Balance at December 31 </div><div id="a48030" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:144.5px;">$ </div><div id="a48032" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:146.4px;">9,965</div><div id="a48035" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:146.4px;">10,214</div><div id="a48038" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:146.4px;">3,040</div><div id="a48040" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:165.5px;">*Represents changes due to originating deferred tax asset that have no impact to our effective<div style="display:inline-block;width:1.33px"> </div>tax rate, acquisitions/dispositions/revisions and the </div><div id="a48042" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:177.8px;">effect of translating foreign financial statements.<div style="display:inline-block;width:4.78px"> </div>Certain items in the prior year have been reclassed to conform with the current year </div><div id="a48045" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:190px;">presentation, with no impacts to beginning and ending balances.</div></div></div></div> 10214000000 3040000000 1254000000 460000000 -225000000 -26000000 -709000000 7399000000 1812000000 9965000000 10214000000 3040000000 151000000 6642000000 6642000000 3982000000 199000000 <div id="TextBlockContainer918" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:212px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_916_XBRL_TS_3210cfea14d84660b18d0fcc97ecef9c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer917" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:212px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48109" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table shows a reconciliation<div style="display:inline-block;width:2.09px"> </div>of the beginning and ending unrecognized<div style="display:inline-block;width:2.25px"> </div>tax benefits for 2020,<div style="display:inline-block;width:2.81px"> </div></div><div id="a48112" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">2019 and 2018: </div><div id="a48122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:46.1px;">Millions of Dollars </div><div id="a48125" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:62.9px;">2020 </div><div id="a48128" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.955px;top:62.9px;">2019 </div><div id="a48131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:62.9px;">2018 </div><div id="a48140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.7px;">Balance at January 1 </div><div id="a48142" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:95.7px;">$ </div><div id="a48144" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:95.7px;">1,177</div><div id="a48147" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:95.7px;">1,081</div><div id="a48150" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:95.7px;">882</div><div id="a48152" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.9px;">Additions based on tax positions related to the current<div style="display:inline-block;width:1.86px"> </div>year </div><div id="a48155" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.755px;top:111.9px;">6</div><div id="a48158" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:111.9px;">9</div><div id="a48161" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:111.9px;">268</div><div id="a48163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.9px;">Additions for tax positions of prior years </div><div id="a48167" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:127.9px;">67</div><div id="a48170" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:127.9px;">120</div><div id="a48173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:127.9px;">43</div><div id="a48175" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144px;">Reductions for tax positions of prior years </div><div id="a48178" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:144px;display:flex;">(34)</div><div id="a48181" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.595px;top:144px;display:flex;">(22)</div><div id="a48184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:144px;display:flex;">(73)</div><div id="a48186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160.2px;">Settlements </div><div id="a48189" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.475px;top:160.2px;display:flex;">(9)</div><div id="a48192" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.635px;top:160.2px;display:flex;">(9)</div><div id="a48195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:160.2px;display:flex;">(35)</div><div id="a48197" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176.2px;">Lapse of statute </div><div id="a48200" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.475px;top:176.2px;display:flex;">(1)</div><div id="a48203" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.635px;top:176.2px;display:flex;">(2)</div><div id="a48206" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.595px;top:176.2px;display:flex;">(4)</div><div id="a48208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193px;">Balance at December 31 </div><div id="a48210" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:394.835px;top:193px;">$ </div><div id="a48212" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:194.8px;">1,206</div><div id="a48215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:194.8px;">1,177</div><div id="a48218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:194.8px;">1,081</div></div></div></div> 1177000000 1081000000 882000000 6000000 9000000 268000000 67000000 120000000 43000000 34000000 22000000 73000000 9000000 9000000 35000000 1000000 2000000 4000000 1206000000 1177000000 1081000000 1128000000 1100000000 1081000000 46000000 42000000 45000000 -4000000 3000000 4000000 <div id="TextBlockContainer926" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:377px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_924_XBRL_CS_5613f4e093dd4a39a2c3f62f0fa8b373" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer925" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:377px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48382" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The amounts of U.S. and foreign income (loss)<div style="display:inline-block;width:2.15px"> </div>before income taxes, with a reconciliation of tax<div style="display:inline-block;width:2.17px"> </div>at the federal </div><div id="a48385" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">statutory rate to the provision for income taxes,<div style="display:inline-block;width:2.13px"> </div>were: </div><div id="a48405" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:256.088px;top:46.2px;">Millions of Dollars </div><div id="a48410" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:431.155px;top:46.2px;">Percent of Pre-Tax Income (Loss) </div><div id="a48418" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:250.648px;top:63px;">2020 </div><div id="a48421" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:317.688px;top:63px;">2019 </div><div id="a48424" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:384.755px;top:63px;">2018 </div><div id="a48427" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.795px;top:63px;">2020 </div><div id="a48430" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.715px;top:63px;">2019 </div><div id="a48433" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:63px;">2018 </div><div id="a48435" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:79.8px;">Income (loss) before income taxes </div><div id="a48450" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:95.8px;">United States </div><div id="a48452" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:95.8px;">$ </div><div id="a48454" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:237.848px;top:96.8px;display:flex;">(3,587)</div><div id="a48457" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:96.8px;">4,704</div><div id="a48460" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:96.8px;">2,867</div><div id="a48463" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:96.8px;">114.2</div><div id="a48465" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:95.8px;">% </div><div id="a48467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:96.8px;">49.4</div><div id="a48470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:96.8px;">28.7</div><div id="a48473" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:113px;">Foreign </div><div id="a48476" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:253.688px;top:113.9px;">447</div><div id="a48479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:113.9px;">4,820</div><div id="a48482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:113.9px;">7,106</div><div id="a48485" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.035px;top:113.9px;display:flex;">(14.2)</div><div id="a48488" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:113.9px;">50.6</div><div id="a48491" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:113.9px;">71.3</div><div id="a48494" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:130.7px;">$ </div><div id="a48496" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:237.848px;top:130.7px;display:flex;">(3,140)</div><div id="a48499" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:130.7px;">9,524</div><div id="a48502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:130.7px;">9,973</div><div id="a48505" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:130.7px;">100.0</div><div id="a48507" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:130.7px;">% </div><div id="a48509" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.195px;top:130.7px;">100.0</div><div id="a48512" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:130.7px;">100.0</div><div id="a48529" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:165.9px;">Federal statutory income tax </div><div id="a48533" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:165.9px;">$ </div><div id="a48535" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:165.9px;display:flex;">(659)</div><div id="a48538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:165.9px;">2,000</div><div id="a48541" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:165.9px;">2,095</div><div id="a48544" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:165.9px;">21.0</div><div id="a48546" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:165.9px;">% </div><div id="a48548" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:165.9px;">21.0</div><div id="a48551" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:165.9px;">21.0</div><div id="a48553" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:182.1px;">Non-U.S. effective tax rates </div><div id="a48558" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:253.688px;top:182.1px;">194</div><div id="a48561" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:182.1px;">1,399</div><div id="a48564" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:182.1px;">1,766</div><div id="a48567" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.915px;top:182.1px;display:flex;">(6.2)</div><div id="a48570" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:182.1px;">14.7</div><div id="a48573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:182.1px;">17.7</div><div id="a48575" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:198.1px;">Tax Legislation </div><div id="a48578" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.008px;top:198.1px;">-</div><div id="a48581" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.048px;top:198.1px;">-</div><div id="a48584" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:198.1px;display:flex;">(10)</div><div id="a48587" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.155px;top:198.1px;">-</div><div id="a48590" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:554.075px;top:198.1px;">-</div><div id="a48593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:198.1px;display:flex;">(0.1)</div><div id="a48595" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:214.3px;">Australia disposition </div><div id="a48598" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:214.3px;display:flex;">(349)</div><div id="a48601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:337.048px;top:214.3px;">-</div><div id="a48604" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:404.115px;top:214.3px;">-</div><div id="a48607" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:214.3px;">11.1</div><div id="a48610" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:554.075px;top:214.3px;">-</div><div id="a48613" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:214.3px;">-</div><div id="a48615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:230.3px;">U.K. disposition </div><div id="a48618" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.008px;top:230.3px;">-</div><div id="a48621" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.288px;top:230.3px;display:flex;">(732)</div><div id="a48624" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:382.355px;top:230.3px;display:flex;">(150)</div><div id="a48627" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.155px;top:230.3px;">-</div><div id="a48630" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:230.3px;display:flex;">(7.7)</div><div id="a48633" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:230.3px;display:flex;">(1.5)</div><div id="a48635" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:246.4px;">Recovery of outside basis </div><div id="a48638" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:255.288px;top:246.4px;display:flex;">(22)</div><div id="a48641" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:322.328px;top:246.4px;display:flex;">(77)</div><div id="a48644" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:246.4px;display:flex;">(21)</div><div id="a48647" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:246.4px;">0.7</div><div id="a48650" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:246.4px;display:flex;">(0.8)</div><div id="a48653" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:246.4px;display:flex;">(0.2)</div><div id="a48655" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.6px;">Adjustment to tax reserves </div><div id="a48658" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:260.568px;top:262.6px;">18</div><div id="a48661" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.648px;top:262.6px;">9</div><div id="a48664" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:396.435px;top:262.6px;display:flex;">(4)</div><div id="a48667" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.915px;top:262.6px;display:flex;">(0.6)</div><div id="a48670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.275px;top:262.6px;">0.1</div><div id="a48673" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:262.6px;">-</div><div id="a48675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:278.6px;">Adjustment to valuation allowance </div><div id="a48678" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:253.688px;top:278.6px;">460</div><div id="a48681" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.288px;top:278.6px;display:flex;">(225)</div><div id="a48684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:278.6px;display:flex;">(26)</div><div id="a48687" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.035px;top:278.6px;display:flex;">(14.6)</div><div id="a48690" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:278.6px;display:flex;">(2.4)</div><div id="a48693" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:278.6px;display:flex;">(0.3)</div><div id="a48695" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:294.7px;">State income tax </div><div id="a48698" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:294.7px;display:flex;">(112)</div><div id="a48701" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:320.728px;top:294.7px;">123</div><div id="a48704" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:387.795px;top:294.7px;">135</div><div id="a48707" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:294.7px;">3.6</div><div id="a48710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.275px;top:294.7px;">1.3</div><div id="a48713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:608.315px;top:294.7px;">1.4</div><div id="a48715" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:310.9px;">Malaysia Deepwater Incentive </div><div id="a48718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:270.008px;top:310.9px;">-</div><div id="a48721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:315.288px;top:310.9px;display:flex;">(164)</div><div id="a48724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:404.115px;top:310.9px;">-</div><div id="a48727" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.155px;top:310.9px;">-</div><div id="a48730" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:310.9px;display:flex;">(1.7)</div><div id="a48733" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:310.9px;">-</div><div id="a48735" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:326.9px;">Enhanced oil recovery credit </div><div id="a48738" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:262.328px;top:326.9px;display:flex;">(6)</div><div id="a48741" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:322.328px;top:326.9px;display:flex;">(27)</div><div id="a48744" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:326.9px;display:flex;">(99)</div><div id="a48747" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:326.9px;">0.2</div><div id="a48750" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:326.9px;display:flex;">(0.3)</div><div id="a48753" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:326.9px;display:flex;">(1.0)</div><div id="a48755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:343.1px;">Other </div><div id="a48758" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:262.328px;top:343.1px;display:flex;">(9)</div><div id="a48761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:322.328px;top:343.1px;display:flex;">(39)</div><div id="a48764" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:389.395px;top:343.1px;display:flex;">(18)</div><div id="a48767" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.355px;top:343.1px;">0.3</div><div id="a48770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:343.1px;display:flex;">(0.4)</div><div id="a48773" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.875px;top:343.1px;display:flex;">(0.2)</div><div id="a48778" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:206.808px;top:359.9px;">$ </div><div id="a48780" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:248.248px;top:359.9px;display:flex;">(485)</div><div id="a48783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:310.168px;top:359.9px;">2,267</div><div id="a48786" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:377.235px;top:359.9px;">3,668</div><div id="a48789" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:359.9px;">15.5</div><div id="a48791" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:479.795px;top:359.9px;">% </div><div id="a48793" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.235px;top:359.9px;">23.8</div><div id="a48796" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.275px;top:359.9px;">36.8</div></div></div></div> -3587000000 4704000000 2867000000 1.142 0.494 0.287 447000000 4820000000 7106000000 -0.142 0.506 0.713 -3140000000 9524000000 9973000000 1.000 1.000 1.000 -659000000 2000000000 2095000000 0.210 0.210 0.210 194000000 1399000000 1766000000 -0.062 0.147 0.177 0 0 -10000000 0 0 -0.001 -349000000 0 0 0.111 0 0 0 -732000000 -150000000 0 -0.077 -0.015 22000000 77000000 21000000 -0.007 0.008 0.002 18000000 9000000 -4000000 -0.006 0.001 0 460000000 -225000000 -26000000 -0.146 -0.024 -0.003 -112000000 123000000 135000000 0.036 0.013 0.014 0 164000000 0 0 0.017 0 6000000 27000000 99000000 -0.002 0.003 0.010 -9000000 -39000000 -18000000 0.003 -0.004 -0.002 -485000000 2267000000 3668000000 0.155 0.238 0.368 587000000 -10000000 -92000000 313000000 178000000 1700000000 -335000000 2100000000 285000000 164000000 0.165 0.24 715000000 120000000 124000000 <div id="TextBlockContainer934" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:643px;height:420px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_932_XBRL_CS_648471a1244145cf877350250398c6e9" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer933" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:643px;height:420px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48908" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 19—Accumulated Other Comprehensive Loss </div><div id="a48923" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Accumulated other comprehensive loss in the<div style="display:inline-block;width:2.16px"> </div>equity section of the balance sheet included: </div><div id="a48937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:410.035px;top:64.3px;">Millions of Dollars </div><div id="a48941" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.488px;top:113.3px;">Defined </div><div id="a48942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:304.728px;top:129.5px;">Benefit Plans </div><div id="a48945" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.475px;top:81.1px;">Net </div><div id="a48946" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:394.195px;top:97.3px;">Unrealized </div><div id="a48947" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:411.635px;top:113.3px;">Loss on </div><div id="a48948" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.595px;top:129.5px;">Securities<div style="display:inline-block;width:3.2px"> </div></div><div id="a48951" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.115px;top:97.3px;">Foreign </div><div id="a48952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:479.635px;top:113.3px;">Currency </div><div id="a48953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.955px;top:129.5px;">Translation </div><div id="a48956" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.035px;top:81.1px;">Accumulated </div><div id="a48957" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:597.755px;top:97.3px;">Other </div><div id="a48958" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.755px;top:113.3px;">Comprehensive </div><div id="a48959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:603.195px;top:129.5px;">Loss<div style="display:inline-block;width:3.32px"> </div></div><div id="a48971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:164.2px;">December 31, 2017 </div><div id="a48973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:297.688px;top:164.2px;">$ </div><div id="a48975" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.395px;top:164.2px;display:flex;">(400)</div><div id="a48978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:432.435px;top:164.2px;display:flex;">(58)</div><div id="a48981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.995px;top:164.2px;display:flex;">(5,060)</div><div id="a48984" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:164.2px;display:flex;">(5,518)</div><div id="a48986" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180.3px;">Other comprehensive income (loss) </div><div id="a48989" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:361.715px;top:180.3px;">39</div><div id="a48992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:180.3px;">-</div><div id="a48995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:501.395px;top:180.3px;display:flex;">(642)</div><div id="a48998" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:180.3px;display:flex;">(603)</div><div id="a49000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:196.3px;">Cumulative effect of adopting ASU No. 2016-01* </div><div id="a49005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:371.155px;top:196.3px;">- </div><div id="a49008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:437.715px;top:196.3px;">58</div><div id="a49011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.195px;top:196.3px;">- </div><div id="a49014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:196.3px;">58</div><div id="a49016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:213.1px;">December 31, 2018 </div><div id="a49019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.395px;top:213.1px;display:flex;">(361)</div><div id="a49022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:213.1px;">-</div><div id="a49025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.995px;top:213.1px;display:flex;">(5,702)</div><div id="a49028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:213.1px;display:flex;">(6,063)</div><div id="a49030" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:229.3px;">Other comprehensive income </div><div id="a49033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:361.715px;top:229.3px;">51</div><div id="a49036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:229.3px;">- </div><div id="a49039" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:229.3px;">695</div><div id="a49042" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:229.3px;">746</div><div id="a49044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:245.3px;">Cumulative effect of adopting ASU No. 2018-02** </div><div id="a49049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.435px;top:245.3px;display:flex;">(40)</div><div id="a49052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:245.3px;">- </div><div id="a49055" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.195px;top:245.3px;">- </div><div id="a49058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:245.3px;display:flex;">(40)</div><div id="a49060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.1px;">December 31, 2019 </div><div id="a49063" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.395px;top:262.1px;display:flex;">(350)</div><div id="a49066" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:262.1px;">-</div><div id="a49069" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.995px;top:262.1px;display:flex;">(5,007)</div><div id="a49072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:262.1px;display:flex;">(5,357)</div><div id="a49074" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:278.3px;">Other comprehensive income (loss) </div><div id="a49077" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.435px;top:278.3px;display:flex;">(75)</div><div id="a49080" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.755px;top:278.3px;">2</div><div id="a49083" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.835px;top:278.3px;">212</div><div id="a49086" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.795px;top:278.3px;">139</div><div id="a49088" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:295.1px;">December 31, 2020 </div><div id="a49090" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:297.688px;top:295.1px;">$ </div><div id="a49092" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:349.395px;top:295.1px;display:flex;">(425)</div><div id="a49095" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.755px;top:295.1px;">2</div><div id="a49098" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:490.995px;top:295.1px;display:flex;">(4,795)</div><div id="a49101" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:588.955px;top:295.1px;display:flex;">(5,218)</div><div id="a49103" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:316.4px;"><div style="display:inline-block;width:8px"> </div>*We adopted ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Liabilities," beginning<div style="display:inline-block;width:1.3px"> </div>January 1, 2018. </div><div id="a49108" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:328.7px;"><div style="display:inline-block;width:2.72px"> </div>**We adopted ASU No. 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," beginning January </div><div id="a49112" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:341.1px;">1, 2019. </div><div id="a49115" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:371.3px;">During 2019, we recognized $</div><div id="a49115_28_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:174.614px;top:371.3px;">483</div><div id="a49115_31_79" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:195.768px;top:371.3px;"><div style="display:inline-block;width:3.52px"> </div>million of foreign currency translation adjustments<div style="display:inline-block;width:1.87px"> </div>related to the completion </div><div id="a49118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:387.3px;">of our sale of two ConocoPhillips U.K. subsidiaries.<div style="display:inline-block;width:5.43px"> </div>For additional information related to this<div style="display:inline-block;width:2.14px"> </div>disposition, see </div><div id="a49119" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:403.4px;">Note 4—Asset Acquisitions and Dispositions.</div></div></div></div><div id="TextBlockContainer937" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes reclassifications<div style="display:inline-block;width:1.88px"> </div>out of accumulated other comprehensive loss during<div style="display:inline-block;width:2.15px"> </div>the years </div><div id="a49129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">ended December 31: </div><div id="a49138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:491.155px;top:47.1px;">Millions of Dollars </div><div id="a49142" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.835px;top:63.9px;">2020 </div><div id="a49145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:63.9px;">2019 </div><div id="a49152" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Defined Benefit Plans </div><div id="a49154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:99.5px;">$ </div><div id="a49156" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:520.795px;top:99.5px;">72</div><div id="a49159" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:99.5px;">88</div><div id="a49161" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:116.4px;">Above amounts are included in the computation of net periodic benefit cost<div style="display:inline-block;width:1.33px"> </div>and<div style="display:inline-block;width:2.7px"> </div></div><div id="a49167" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:128.7px;">are presented net of tax expense of: </div><div id="a49169" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:447.795px;top:128.7px;">$ </div><div id="a49171" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:524.155px;top:128.7px;">13</div><div id="a49174" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:615.195px;top:128.7px;">23</div><div id="a49176" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:140.9px;">See Note 17—Employee Benefit Plans, for additional information.</div></div> <div id="TextBlockContainer933" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:643px;height:420px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a48908" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 19—Accumulated Other Comprehensive Loss </div><div id="a48923" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Accumulated other comprehensive loss in the<div style="display:inline-block;width:2.16px"> </div>equity section of the balance sheet included: </div><div id="a48937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:410.035px;top:64.3px;">Millions of Dollars </div><div id="a48941" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:334.488px;top:113.3px;">Defined </div><div id="a48942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:304.728px;top:129.5px;">Benefit Plans </div><div id="a48945" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:435.475px;top:81.1px;">Net </div><div id="a48946" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:394.195px;top:97.3px;">Unrealized </div><div id="a48947" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:411.635px;top:113.3px;">Loss on </div><div id="a48948" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:400.595px;top:129.5px;">Securities<div style="display:inline-block;width:3.2px"> </div></div><div id="a48951" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:488.115px;top:97.3px;">Foreign </div><div id="a48952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:479.635px;top:113.3px;">Currency </div><div id="a48953" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:467.955px;top:129.5px;">Translation </div><div id="a48956" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:555.035px;top:81.1px;">Accumulated </div><div id="a48957" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:597.755px;top:97.3px;">Other </div><div id="a48958" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:541.755px;top:113.3px;">Comprehensive </div><div id="a48959" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:603.195px;top:129.5px;">Loss<div style="display:inline-block;width:3.32px"> </div></div><div id="a48971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:164.2px;">December 31, 2017 </div><div id="a48973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:297.688px;top:164.2px;">$ </div><div id="a48975" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.395px;top:164.2px;display:flex;">(400)</div><div id="a48978" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:432.435px;top:164.2px;display:flex;">(58)</div><div id="a48981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.995px;top:164.2px;display:flex;">(5,060)</div><div id="a48984" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:164.2px;display:flex;">(5,518)</div><div id="a48986" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:180.3px;">Other comprehensive income (loss) </div><div id="a48989" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:361.715px;top:180.3px;">39</div><div id="a48992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:180.3px;">-</div><div id="a48995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:501.395px;top:180.3px;display:flex;">(642)</div><div id="a48998" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:180.3px;display:flex;">(603)</div><div id="a49000" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:196.3px;">Cumulative effect of adopting ASU No. 2016-01* </div><div id="a49005" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:371.155px;top:196.3px;">- </div><div id="a49008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:437.715px;top:196.3px;">58</div><div id="a49011" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.195px;top:196.3px;">- </div><div id="a49014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:196.3px;">58</div><div id="a49016" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:213.1px;">December 31, 2018 </div><div id="a49019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.395px;top:213.1px;display:flex;">(361)</div><div id="a49022" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:213.1px;">-</div><div id="a49025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.995px;top:213.1px;display:flex;">(5,702)</div><div id="a49028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:213.1px;display:flex;">(6,063)</div><div id="a49030" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:229.3px;">Other comprehensive income </div><div id="a49033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:361.715px;top:229.3px;">51</div><div id="a49036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:229.3px;">- </div><div id="a49039" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:229.3px;">695</div><div id="a49042" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:229.3px;">746</div><div id="a49044" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:245.3px;">Cumulative effect of adopting ASU No. 2018-02** </div><div id="a49049" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:356.435px;top:245.3px;display:flex;">(40)</div><div id="a49052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:245.3px;">- </div><div id="a49055" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.195px;top:245.3px;">- </div><div id="a49058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:245.3px;display:flex;">(40)</div><div id="a49060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:262.1px;">December 31, 2019 </div><div id="a49063" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:349.395px;top:262.1px;display:flex;">(350)</div><div id="a49066" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:447.155px;top:262.1px;">-</div><div id="a49069" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:490.995px;top:262.1px;display:flex;">(5,007)</div><div id="a49072" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:262.1px;display:flex;">(5,357)</div><div id="a49074" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:278.3px;">Other comprehensive income (loss) </div><div id="a49077" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:356.435px;top:278.3px;display:flex;">(75)</div><div id="a49080" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.755px;top:278.3px;">2</div><div id="a49083" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:506.835px;top:278.3px;">212</div><div id="a49086" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:604.795px;top:278.3px;">139</div><div id="a49088" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:295.1px;">December 31, 2020 </div><div id="a49090" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:297.688px;top:295.1px;">$ </div><div id="a49092" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:349.395px;top:295.1px;display:flex;">(425)</div><div id="a49095" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.755px;top:295.1px;">2</div><div id="a49098" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:490.995px;top:295.1px;display:flex;">(4,795)</div><div id="a49101" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:588.955px;top:295.1px;display:flex;">(5,218)</div><div id="a49103" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:316.4px;"><div style="display:inline-block;width:8px"> </div>*We adopted ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Liabilities," beginning<div style="display:inline-block;width:1.3px"> </div>January 1, 2018. </div><div id="a49108" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:328.7px;"><div style="display:inline-block;width:2.72px"> </div>**We adopted ASU No. 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," beginning January </div><div id="a49112" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:341.1px;">1, 2019. </div><div id="a49115" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:371.3px;">During 2019, we recognized $</div><div id="a49115_28_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:174.614px;top:371.3px;">483</div><div id="a49115_31_79" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:195.768px;top:371.3px;"><div style="display:inline-block;width:3.52px"> </div>million of foreign currency translation adjustments<div style="display:inline-block;width:1.87px"> </div>related to the completion </div><div id="a49118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:387.3px;">of our sale of two ConocoPhillips U.K. subsidiaries.<div style="display:inline-block;width:5.43px"> </div>For additional information related to this<div style="display:inline-block;width:2.14px"> </div>disposition, see </div><div id="a49119" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:403.4px;">Note 4—Asset Acquisitions and Dispositions.</div></div> -400000000 -58000000 -5060000000 -5518000000 -39000000 0 -642000000 -603000000 58000000 58000000 -361000000 0 -5702000000 -6063000000 -51000000 695000000 746000000 40000000 -40000000 -350000000 0 -5007000000 -5357000000 75000000 2000000 212000000 139000000 -425000000 2000000 -4795000000 -5218000000 483000000 <div id="TextBlockContainer938" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_936_XBRL_CS_486c5774bcbe4f92af7374ad00a8dab1" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer937" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:154px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following table summarizes reclassifications<div style="display:inline-block;width:1.88px"> </div>out of accumulated other comprehensive loss during<div style="display:inline-block;width:2.15px"> </div>the years </div><div id="a49129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">ended December 31: </div><div id="a49138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:491.155px;top:47.1px;">Millions of Dollars </div><div id="a49142" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.835px;top:63.9px;">2020 </div><div id="a49145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:63.9px;">2019 </div><div id="a49152" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.5px;">Defined Benefit Plans </div><div id="a49154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:447.795px;top:99.5px;">$ </div><div id="a49156" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:520.795px;top:99.5px;">72</div><div id="a49159" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:99.5px;">88</div><div id="a49161" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:116.4px;">Above amounts are included in the computation of net periodic benefit cost<div style="display:inline-block;width:1.33px"> </div>and<div style="display:inline-block;width:2.7px"> </div></div><div id="a49167" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:128.7px;">are presented net of tax expense of: </div><div id="a49169" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:447.795px;top:128.7px;">$ </div><div id="a49171" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:bold;font-style:italic;left:524.155px;top:128.7px;">13</div><div id="a49174" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:615.195px;top:128.7px;">23</div><div id="a49176" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:140.9px;">See Note 17—Employee Benefit Plans, for additional information.</div></div></div></div> 72000000 88000000 13000000 23000000 <div id="TextBlockContainer942" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:449px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_940_XBRL_CS_284b56032a4f4c56b0dae98bdb67e66b" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer941" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:449px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49186" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 20—Cash Flow Information </div><div id="a49208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:472.595px;top:28px;">Millions of Dollars </div><div id="a49214" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:44.8px;">2020 </div><div id="a49217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:44.8px;">2019 </div><div id="a49220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:44.8px;">2018 </div><div id="a49222" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:61.6px;">Noncash Investing Activities </div><div id="a49224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.835px;top:61.6px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a49231" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:77.6px;">Increase (decrease) in PP&amp;E related to an increase<div style="display:inline-block;width:2.05px"> </div>(decrease) in asset </div><div id="a49240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:93.8px;">retirement obligations </div><div id="a49242" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:93.8px;">$ </div><div id="a49244" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.395px;top:93.8px;display:flex;">(116)</div><div id="a49247" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:93.8px;">205</div><div id="a49250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:93.8px;">395</div><div id="a49252" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.8px;">Increase (decrease) in assets and liabilities<div style="display:inline-block;width:2.1px"> </div>acquired in a nonmonetary </div><div id="a49262" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:126px;">exchange* </div><div id="a49272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:142.1px;">Accounts receivable </div><div id="a49275" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:142.1px;">-</div><div id="a49278" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:142.1px;">-</div><div id="a49281" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:142.1px;display:flex;">(44)</div><div id="a49285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:158.1px;">Inventories </div><div id="a49288" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:158.1px;">-</div><div id="a49291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:158.1px;">-</div><div id="a49294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:158.1px;">42</div><div id="a49298" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:174.3px;">Investments and long-term receivables </div><div id="a49303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:174.3px;">-</div><div id="a49306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:174.3px;">-</div><div id="a49309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:174.3px;">15</div><div id="a49313" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:190.3px;">PP&amp;E </div><div id="a49316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:190.3px;">-</div><div id="a49319" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:190.3px;">-</div><div id="a49322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:190.3px;">1,907</div><div id="a49326" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:206.4px;">Other long-term assets </div><div id="a49331" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:206.4px;">-</div><div id="a49334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:206.4px;">-</div><div id="a49337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:206.4px;display:flex;">(9)</div><div id="a49341" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:222.6px;">Accounts payable </div><div id="a49345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:222.6px;">-</div><div id="a49348" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:222.6px;">-</div><div id="a49351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:222.6px;">7</div><div id="a49355" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:238.6px;">Accrued income and other taxes </div><div id="a49358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:238.6px;">-</div><div id="a49361" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:238.6px;">-</div><div id="a49364" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:238.6px;">40</div><div id="a49375" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:271.6px;">Cash Payments </div><div id="a49383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.6px;">Interest </div><div id="a49385" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:287.6px;">$ </div><div id="a49387" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:287.6px;">785</div><div id="a49390" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:287.6px;">810</div><div id="a49393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:287.6px;">772</div><div id="a49395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.7px;">Income taxes </div><div id="a49398" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:303.7px;">905</div><div id="a49401" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:303.7px;">2,905</div><div id="a49404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:303.7px;">2,976</div><div id="a49415" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:336.5px;">Net Sales (Purchases) of Investments </div><div id="a49423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:352.7px;">Short-term investments purchased </div><div id="a49427" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:352.7px;">$ </div><div id="a49429" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.955px;top:352.7px;display:flex;">(12,435)</div><div id="a49432" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.995px;top:352.7px;display:flex;">(4,902)</div><div id="a49435" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:352.7px;display:flex;">(1,953)</div><div id="a49437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:368.9px;">Short-term investments sold </div><div id="a49442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.235px;top:368.9px;">12,015</div><div id="a49445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:368.9px;">2,138</div><div id="a49448" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:368.9px;">3,573</div><div id="a49450" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:384.9px;">Investments and long-term receivables purchased </div><div id="a49455" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.395px;top:384.9px;display:flex;">(325)</div><div id="a49458" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.395px;top:384.9px;display:flex;">(146)</div><div id="a49461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:384.9px;">-</div><div id="a49463" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:401px;">Investments and long-term receivables sold </div><div id="a49468" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:401px;">87</div><div id="a49471" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:401px;">-</div><div id="a49474" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:401px;">-</div><div id="a49477" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:417.8px;">$ </div><div id="a49479" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.395px;top:417.8px;display:flex;">(658)</div><div id="a49482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.995px;top:417.8px;display:flex;">(2,910)</div><div id="a49485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:417.8px;">1,620</div><div id="a49487" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:436.9px;">*See Note 4—Asset Acquisitions and Dispositions.</div></div></div></div> <div id="TextBlockContainer941" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:449px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49186" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 20—Cash Flow Information </div><div id="a49208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:472.595px;top:28px;">Millions of Dollars </div><div id="a49214" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:44.8px;">2020 </div><div id="a49217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:44.8px;">2019 </div><div id="a49220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:44.8px;">2018 </div><div id="a49222" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:61.6px;">Noncash Investing Activities </div><div id="a49224" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.835px;top:61.6px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a49231" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:77.6px;">Increase (decrease) in PP&amp;E related to an increase<div style="display:inline-block;width:2.05px"> </div>(decrease) in asset </div><div id="a49240" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:93.8px;">retirement obligations </div><div id="a49242" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:93.8px;">$ </div><div id="a49244" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.395px;top:93.8px;display:flex;">(116)</div><div id="a49247" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:93.8px;">205</div><div id="a49250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:93.8px;">395</div><div id="a49252" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.8px;">Increase (decrease) in assets and liabilities<div style="display:inline-block;width:2.1px"> </div>acquired in a nonmonetary </div><div id="a49262" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:126px;">exchange* </div><div id="a49272" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:142.1px;">Accounts receivable </div><div id="a49275" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:142.1px;">-</div><div id="a49278" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:142.1px;">-</div><div id="a49281" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:142.1px;display:flex;">(44)</div><div id="a49285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:158.1px;">Inventories </div><div id="a49288" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:158.1px;">-</div><div id="a49291" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:158.1px;">-</div><div id="a49294" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:158.1px;">42</div><div id="a49298" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:174.3px;">Investments and long-term receivables </div><div id="a49303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:174.3px;">-</div><div id="a49306" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:174.3px;">-</div><div id="a49309" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:174.3px;">15</div><div id="a49313" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:190.3px;">PP&amp;E </div><div id="a49316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:190.3px;">-</div><div id="a49319" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:190.3px;">-</div><div id="a49322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:190.3px;">1,907</div><div id="a49326" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:206.4px;">Other long-term assets </div><div id="a49331" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:206.4px;">-</div><div id="a49334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:206.4px;">-</div><div id="a49337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:206.4px;display:flex;">(9)</div><div id="a49341" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:222.6px;">Accounts payable </div><div id="a49345" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:222.6px;">-</div><div id="a49348" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:222.6px;">-</div><div id="a49351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:222.6px;">7</div><div id="a49355" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:24.693px;top:238.6px;">Accrued income and other taxes </div><div id="a49358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:483.155px;top:238.6px;">-</div><div id="a49361" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:238.6px;">-</div><div id="a49364" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:238.6px;">40</div><div id="a49375" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:271.6px;">Cash Payments </div><div id="a49383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:287.6px;">Interest </div><div id="a49385" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:287.6px;">$ </div><div id="a49387" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:287.6px;">785</div><div id="a49390" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:287.6px;">810</div><div id="a49393" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:287.6px;">772</div><div id="a49395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:303.7px;">Income taxes </div><div id="a49398" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:303.7px;">905</div><div id="a49401" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:303.7px;">2,905</div><div id="a49404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:303.7px;">2,976</div><div id="a49415" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:336.5px;">Net Sales (Purchases) of Investments </div><div id="a49423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:352.7px;">Short-term investments purchased </div><div id="a49427" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:352.7px;">$ </div><div id="a49429" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.955px;top:352.7px;display:flex;">(12,435)</div><div id="a49432" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.995px;top:352.7px;display:flex;">(4,902)</div><div id="a49435" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.955px;top:352.7px;display:flex;">(1,953)</div><div id="a49437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:368.9px;">Short-term investments sold </div><div id="a49442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.235px;top:368.9px;">12,015</div><div id="a49445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:368.9px;">2,138</div><div id="a49448" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:368.9px;">3,573</div><div id="a49450" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:384.9px;">Investments and long-term receivables purchased </div><div id="a49455" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.395px;top:384.9px;display:flex;">(325)</div><div id="a49458" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.395px;top:384.9px;display:flex;">(146)</div><div id="a49461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:384.9px;">-</div><div id="a49463" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:401px;">Investments and long-term receivables sold </div><div id="a49468" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.715px;top:401px;">87</div><div id="a49471" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:552.155px;top:401px;">-</div><div id="a49474" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:401px;">-</div><div id="a49477" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:417.8px;">$ </div><div id="a49479" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.395px;top:417.8px;display:flex;">(658)</div><div id="a49482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.995px;top:417.8px;display:flex;">(2,910)</div><div id="a49485" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:417.8px;">1,620</div><div id="a49487" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:436.9px;">*See Note 4—Asset Acquisitions and Dispositions.</div></div><div id="TextBlockContainer944" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:636px;height:162px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49494" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The following items are included in the “Cash<div style="display:inline-block;width:2.06px"> </div>Flows from Operating Activities” section<div style="display:inline-block;width:2.17px"> </div>of our consolidated </div><div id="a49517" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">cash flows. </div><div id="a49521" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.4px;"> </div><div id="a49522" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">We collected $</div><div id="a49522_14_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:88.688px;top:48.4px;">330</div><div id="a49522_17_14" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:109.808px;top:48.4px;"><div style="display:inline-block;width:3.52px"> </div>million and $</div><div id="a49522_31_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:187.928px;top:48.4px;">430</div><div id="a49522_34_71" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:208.888px;top:48.4px;"><div style="display:inline-block;width:3.52px"> </div>million in 2019 and 2018, respectively, from PDVSA under a settlement </div><div id="a49557" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">agreement related to an award issued by the ICC Tribunal in 2018.<div style="display:inline-block;width:5.68px"> </div>For more information on these settlements, </div><div id="a49594" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">see Note 12—Contingencies and Commitments.<div style="display:inline-block;width:5.53px"> </div>We collected $</div><div id="a49594_58_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:366.035px;top:80.5px;">262</div><div id="a49594_61_34" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:387.155px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>million from Ecuador in 2018, as </div><div id="a49614" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">installment payments related to an agreement<div style="display:inline-block;width:2.14px"> </div>reached with Ecuador in 2017. </div><div id="a49618" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.8px;"> </div><div id="a49619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;">In 2019, we made a $</div><div id="a49619_20_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:125.333px;top:128.8px;">324</div><div id="a49619_23_83" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:146.293px;top:128.8px;"><div style="display:inline-block;width:3.52px"> </div>million contribution to our U.K. pension plan.<div style="display:inline-block;width:5.58px"> </div>We made discretionary payments to </div><div id="a49621" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">our domestic qualified pension plan of $</div><div id="a49621_40_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:231.128px;top:145px;">120</div><div id="a49621_43_17" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:252.248px;top:145px;"><div style="display:inline-block;width:3.52px"> </div>million in 2018.</div></div> -116000000 205000000 395000000 0 0 44000000 0 0 42000000 0 0 15000000 0 0 1907000000 0 0 9000000 0 0 7000000 0 0 40000000 785000000 810000000 772000000 905000000 2905000000 2976000000 12435000000 4902000000 1953000000 12015000000 2138000000 3573000000 325000000 146000000 0 87000000 0 0 658000000 2910000000 -1620000000 330000000 430000000 262000000 324000000 120000000 <div id="TextBlockContainer950" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:554px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_946_XBRL_CS_5d8ade03d3074ec4aeae2bace398dc80" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer949" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:554px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49629" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 21—Other Financial Information<div style="display:inline-block;width:2.22px"> </div></div><div id="a49637" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.155px;top:32px;">Millions of Dollars </div><div id="a49641" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.595px;top:50.6px;">2020 </div><div id="a49644" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:521.115px;top:50.6px;">2019 </div><div id="a49647" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:50.6px;">2018 </div><div id="a49649" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67.4px;">Interest and Debt Expense </div><div id="a49656" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:83.5px;">Incurred </div><div id="a49665" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:17.973px;top:99.5px;">Debt </div><div id="a49667" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:99.5px;">$ </div><div id="a49669" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:99.5px;">788</div><div id="a49672" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:99.5px;">799</div><div id="a49675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:99.5px;">838</div><div id="a49678" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:17.973px;top:117.5px;">Other </div><div id="a49681" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.355px;top:117.5px;">73</div><div id="a49684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:117.5px;">36</div><div id="a49687" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:117.5px;">67</div><div id="a49692" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:136px;">861</div><div id="a49695" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:136px;">835</div><div id="a49698" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:136px;">905</div><div id="a49700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:152.2px;">Capitalized </div><div id="a49703" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:152.2px;display:flex;">(55)</div><div id="a49706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.755px;top:152.2px;display:flex;">(57)</div><div id="a49709" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:152.2px;display:flex;">(170)</div><div id="a49711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:169px;">Expensed </div><div id="a49713" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:169px;">$ </div><div id="a49715" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:169px;">806</div><div id="a49718" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:169px;">778</div><div id="a49721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:169px;">735</div><div id="a49731" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:204.2px;">Other Income (Loss) </div><div id="a49739" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:220.2px;">Interest income </div><div id="a49741" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:220.2px;">$ </div><div id="a49743" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:220.2px;">100</div><div id="a49746" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:220.2px;">166</div><div id="a49749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:220.2px;">97</div><div id="a49751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:238.1px;">Unrealized gains (losses) on Cenovus Energy common shares* </div><div id="a49754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:438.035px;top:238.1px;display:flex;">(855)</div><div id="a49757" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:238.1px;">649</div><div id="a49760" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:238.1px;display:flex;">(437)</div><div id="a49762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:256.1px;">Other, net </div><div id="a49765" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:256.1px;">246</div><div id="a49768" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:256.1px;">543</div><div id="a49771" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:256.1px;">513</div><div id="a49775" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:274.6px;">$ </div><div id="a49777" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:438.035px;top:274.6px;display:flex;">(509)</div><div id="a49780" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.595px;top:274.6px;">1,358</div><div id="a49783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:274.6px;">173</div><div id="div_947_XBRL_FS_6b517e4271e7449cb3abc7d3b035a707" style="position:absolute;left:1.12px;top:295.6px;float:left;"><div id="TextBlockContainer948" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:321px;height:13px;display:inline-block;"><div id="a49785" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*See Note 6—Investment in Cenovus Energy, for additional information.</div></div></div><div id="a49798" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:326.5px;">Research and Development Expenditures</div><div id="a49799" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:251.768px;top:326.5px;">—expensed</div><div id="a49802" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:326.5px;">$ </div><div id="a49804" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.355px;top:326.5px;">75</div><div id="a49807" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:326.5px;">82</div><div id="a49810" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:326.5px;">78</div><div id="a49820" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:362.9px;">Shipping and Handling Costs </div><div id="a49822" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:362.9px;">$ </div><div id="a49824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:362.9px;">857</div><div id="a49827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.595px;top:362.9px;">1,008</div><div id="a49830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:362.9px;">1,075</div><div id="a49840" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:393.8px;">Foreign Currency Transaction (Gains) Losses</div><div id="a49841" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:278.488px;top:393.8px;">—after-tax</div><div id="a49852" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:411.7px;">Alaska </div><div id="a49854" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:411.7px;">$ </div><div id="a49856" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.795px;top:411.7px;">-</div><div id="a49859" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.475px;top:411.7px;">-</div><div id="a49862" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:411.7px;">-</div><div id="a49864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:429.7px;">Lower 48 </div><div id="a49867" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.795px;top:429.7px;">-</div><div id="a49870" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.475px;top:429.7px;">-</div><div id="a49873" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:429.7px;">-</div><div id="a49875" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:447.6px;">Canada </div><div id="a49878" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.115px;top:447.6px;display:flex;">(7)</div><div id="a49881" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:538.075px;top:447.6px;">5</div><div id="a49884" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:447.6px;display:flex;">(11)</div><div id="a49886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:465.5px;">Europe, Middle East and North Africa </div><div id="a49889" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:465.5px;display:flex;">(15)</div><div id="a49892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.475px;top:465.5px;">-</div><div id="a49895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:465.5px;display:flex;">(26)</div><div id="a49897" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483.5px;">Asia Pacific </div><div id="a49900" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:483.5px;display:flex;">(11)</div><div id="a49903" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:483.5px;">31</div><div id="a49906" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:483.5px;">3</div><div id="a49908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:501.2px;">Other International </div><div id="a49911" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.395px;top:501.2px;">2</div><div id="a49914" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:538.075px;top:501.2px;">1</div><div id="a49917" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:501.2px;">-</div><div id="a49919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:519.1px;">Corporate and Other </div><div id="a49922" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:519.1px;display:flex;">(31)</div><div id="a49925" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:519.1px;">21</div><div id="a49928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:519.1px;">21</div><div id="a49932" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:537.7px;">$ </div><div id="a49934" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:537.7px;display:flex;">(62)</div><div id="a49937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:537.7px;">58</div><div id="a49940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:537.7px;display:flex;">(13)</div></div></div></div> <div id="TextBlockContainer949" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:554px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49629" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 21—Other Financial Information<div style="display:inline-block;width:2.22px"> </div></div><div id="a49637" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:455.155px;top:32px;">Millions of Dollars </div><div id="a49641" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.595px;top:50.6px;">2020 </div><div id="a49644" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:521.115px;top:50.6px;">2019 </div><div id="a49647" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:50.6px;">2018 </div><div id="a49649" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67.4px;">Interest and Debt Expense </div><div id="a49656" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:83.5px;">Incurred </div><div id="a49665" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:17.973px;top:99.5px;">Debt </div><div id="a49667" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:99.5px;">$ </div><div id="a49669" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:99.5px;">788</div><div id="a49672" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:99.5px;">799</div><div id="a49675" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:99.5px;">838</div><div id="a49678" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:17.973px;top:117.5px;">Other </div><div id="a49681" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.355px;top:117.5px;">73</div><div id="a49684" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:117.5px;">36</div><div id="a49687" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:117.5px;">67</div><div id="a49692" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:136px;">861</div><div id="a49695" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:136px;">835</div><div id="a49698" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:136px;">905</div><div id="a49700" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:152.2px;">Capitalized </div><div id="a49703" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:152.2px;display:flex;">(55)</div><div id="a49706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.755px;top:152.2px;display:flex;">(57)</div><div id="a49709" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:152.2px;display:flex;">(170)</div><div id="a49711" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:169px;">Expensed </div><div id="a49713" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:169px;">$ </div><div id="a49715" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:169px;">806</div><div id="a49718" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:169px;">778</div><div id="a49721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:169px;">735</div><div id="a49731" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:204.2px;">Other Income (Loss) </div><div id="a49739" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:220.2px;">Interest income </div><div id="a49741" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:220.2px;">$ </div><div id="a49743" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:220.2px;">100</div><div id="a49746" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:220.2px;">166</div><div id="a49749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:220.2px;">97</div><div id="a49751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:238.1px;">Unrealized gains (losses) on Cenovus Energy common shares* </div><div id="a49754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:438.035px;top:238.1px;display:flex;">(855)</div><div id="a49757" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:238.1px;">649</div><div id="a49760" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.355px;top:238.1px;display:flex;">(437)</div><div id="a49762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:256.1px;">Other, net </div><div id="a49765" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:256.1px;">246</div><div id="a49768" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.155px;top:256.1px;">543</div><div id="a49771" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:256.1px;">513</div><div id="a49775" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:274.6px;">$ </div><div id="a49777" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:438.035px;top:274.6px;display:flex;">(509)</div><div id="a49780" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.595px;top:274.6px;">1,358</div><div id="a49783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:274.6px;">173</div><div id="div_947_XBRL_FS_6b517e4271e7449cb3abc7d3b035a707" style="position:absolute;left:1.12px;top:295.6px;float:left;"><div id="TextBlockContainer948" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:321px;height:13px;display:inline-block;"><div id="a49785" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">*See Note 6—Investment in Cenovus Energy, for additional information.</div></div></div><div id="a49798" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:326.5px;">Research and Development Expenditures</div><div id="a49799" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:251.768px;top:326.5px;">—expensed</div><div id="a49802" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:326.5px;">$ </div><div id="a49804" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:450.355px;top:326.5px;">75</div><div id="a49807" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:326.5px;">82</div><div id="a49810" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:326.5px;">78</div><div id="a49820" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:362.9px;">Shipping and Handling Costs </div><div id="a49822" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:362.9px;">$ </div><div id="a49824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.475px;top:362.9px;">857</div><div id="a49827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.595px;top:362.9px;">1,008</div><div id="a49830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:362.9px;">1,075</div><div id="a49840" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:393.8px;">Foreign Currency Transaction (Gains) Losses</div><div id="a49841" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:278.488px;top:393.8px;">—after-tax</div><div id="a49852" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:411.7px;">Alaska </div><div id="a49854" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:411.7px;">$ </div><div id="a49856" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.795px;top:411.7px;">-</div><div id="a49859" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.475px;top:411.7px;">-</div><div id="a49862" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:411.7px;">-</div><div id="a49864" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:429.7px;">Lower 48 </div><div id="a49867" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.795px;top:429.7px;">-</div><div id="a49870" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.475px;top:429.7px;">-</div><div id="a49873" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:429.7px;">-</div><div id="a49875" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:447.6px;">Canada </div><div id="a49878" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:452.115px;top:447.6px;display:flex;">(7)</div><div id="a49881" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:538.075px;top:447.6px;">5</div><div id="a49884" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:447.6px;display:flex;">(11)</div><div id="a49886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:465.5px;">Europe, Middle East and North Africa </div><div id="a49889" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:465.5px;display:flex;">(15)</div><div id="a49892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.475px;top:465.5px;">-</div><div id="a49895" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:465.5px;display:flex;">(26)</div><div id="a49897" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:483.5px;">Asia Pacific </div><div id="a49900" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:483.5px;display:flex;">(11)</div><div id="a49903" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:483.5px;">31</div><div id="a49906" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.715px;top:483.5px;">3</div><div id="a49908" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:501.2px;">Other International </div><div id="a49911" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.395px;top:501.2px;">2</div><div id="a49914" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:538.075px;top:501.2px;">1</div><div id="a49917" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.115px;top:501.2px;">-</div><div id="a49919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:519.1px;">Corporate and Other </div><div id="a49922" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:519.1px;display:flex;">(31)</div><div id="a49925" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:519.1px;">21</div><div id="a49928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.675px;top:519.1px;">21</div><div id="a49932" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.955px;top:537.7px;">$ </div><div id="a49934" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:445.075px;top:537.7px;display:flex;">(62)</div><div id="a49937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:531.035px;top:537.7px;">58</div><div id="a49940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:537.7px;display:flex;">(13)</div></div><div id="TextBlockContainer954" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:654px;height:164px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_952_XBRL_CS_e1b5297d63f940889fd8458ad2fabc6d" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer953" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:654px;height:164px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49945" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.595px;top:0px;">Millions of Dollars </div><div id="a49949" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:524.955px;top:16.8px;">2020 </div><div id="a49952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:609.915px;top:16.8px;">2019 </div><div id="a49955" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:33.6px;">Properties, Plants and Equipment </div><div id="a49962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49.6px;">Proved properties </div><div id="a49964" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:470.835px;top:49.6px;">$ </div><div id="a49966" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.355px;top:49.6px;">94,312</div><div id="a49969" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:49.6px;">88,284</div><div id="a49971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:637.755px;top:49.6px;">* </div><div id="a49973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.8px;">Unproved properties </div><div id="a49976" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:517.435px;top:65.8px;">4,141</div><div id="a49979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.395px;top:65.8px;">3,980</div><div id="a49981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:637.755px;top:65.8px;">* </div><div id="a49983" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:82px;">Other </div><div id="a49986" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:517.435px;top:82px;">3,653</div><div id="a49989" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.395px;top:82px;">5,482</div><div id="a49992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:98.6px;">Gross properties, plants and equipment </div><div id="a49995" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.475px;top:98.6px;">102,106</div><div id="a49998" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:98.6px;">97,746</div><div id="a50001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.8px;">Less: Accumulated depreciation, depletion and amortization </div><div id="a50005" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:505.075px;top:114.8px;display:flex;">(62,213)</div><div id="a50008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:590.075px;top:114.8px;display:flex;">(55,477)</div><div id="a50010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:637.755px;top:114.8px;">* </div><div id="a50012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.6px;">Net properties, plants and equipment </div><div id="a50014" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:470.835px;top:131.6px;">$ </div><div id="a50016" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.355px;top:131.6px;">39,893</div><div id="a50019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:131.6px;">42,269</div><div id="a50022" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:150.8px;">*Excludes assets classified as held for sale at December 31,<div style="display:inline-block;width:1.29px"> </div>2019.<div style="display:inline-block;width:5.32px"> </div>See Note 4</div><div id="a50023" style="position:absolute;font-family:'Calibri';font-size:10.72px;font-weight:normal;font-style:normal;left:338.808px;top:150.4px;">—</div><div id="a50024" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:348.595px;top:150.8px;">Asset Acquisitions and Dispositions, for additional information.</div></div></div></div> 788000000 799000000 838000000 73000000 36000000 67000000 861000000 835000000 905000000 55000000 57000000 170000000 806000000 778000000 735000000 100000000 166000000 97000000 -855000000 649000000 -437000000 246000000 543000000 513000000 -509000000 1358000000 173000000 75000000 82000000 78000000 857000000 1008000000 1075000000 0 0 0 0 0 0 -7000000 5000000 -11000000 -15000000 0 -26000000 -11000000 31000000 3000000 2000000 1000000 0 -31000000 21000000 21000000 -62000000 58000000 -13000000 <div id="TextBlockContainer953" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:654px;height:164px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a49945" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:500.595px;top:0px;">Millions of Dollars </div><div id="a49949" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:524.955px;top:16.8px;">2020 </div><div id="a49952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:609.915px;top:16.8px;">2019 </div><div id="a49955" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:33.6px;">Properties, Plants and Equipment </div><div id="a49962" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49.6px;">Proved properties </div><div id="a49964" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:470.835px;top:49.6px;">$ </div><div id="a49966" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.355px;top:49.6px;">94,312</div><div id="a49969" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:49.6px;">88,284</div><div id="a49971" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:637.755px;top:49.6px;">* </div><div id="a49973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.8px;">Unproved properties </div><div id="a49976" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:517.435px;top:65.8px;">4,141</div><div id="a49979" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.395px;top:65.8px;">3,980</div><div id="a49981" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:637.755px;top:65.8px;">* </div><div id="a49983" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:82px;">Other </div><div id="a49986" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:517.435px;top:82px;">3,653</div><div id="a49989" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.395px;top:82px;">5,482</div><div id="a49992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:98.6px;">Gross properties, plants and equipment </div><div id="a49995" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:503.475px;top:98.6px;">102,106</div><div id="a49998" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:98.6px;">97,746</div><div id="a50001" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.8px;">Less: Accumulated depreciation, depletion and amortization </div><div id="a50005" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:505.075px;top:114.8px;display:flex;">(62,213)</div><div id="a50008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:590.075px;top:114.8px;display:flex;">(55,477)</div><div id="a50010" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:637.755px;top:114.8px;">* </div><div id="a50012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.6px;">Net properties, plants and equipment </div><div id="a50014" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:470.835px;top:131.6px;">$ </div><div id="a50016" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:510.355px;top:131.6px;">39,893</div><div id="a50019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.355px;top:131.6px;">42,269</div><div id="a50022" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:150.8px;">*Excludes assets classified as held for sale at December 31,<div style="display:inline-block;width:1.29px"> </div>2019.<div style="display:inline-block;width:5.32px"> </div>See Note 4</div><div id="a50023" style="position:absolute;font-family:'Calibri';font-size:10.72px;font-weight:normal;font-style:normal;left:338.808px;top:150.4px;">—</div><div id="a50024" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:348.595px;top:150.8px;">Asset Acquisitions and Dispositions, for additional information.</div></div> 94312000000 88284000000 4141000000 3980000000 3653000000 5482000000 102106000000 97746000000 62213000000 55477000000 39893000000 39893000000 42269000000 42269000000 <div id="TextBlockContainer958" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:641px;height:252px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_956_XBRL_CS_842d7a9324c84cab8b9e7b77daf662e3" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer957" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:641px;height:252px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50032" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 22—Related Party Transactions </div><div id="a50045" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:30.1px;">Our related parties primarily include equity method<div style="display:inline-block;width:2.05px"> </div>investments and certain trusts for the benefit<div style="display:inline-block;width:2.08px"> </div>of employees.<div style="display:inline-block;width:3.1px"> </div></div><div id="a50046" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.6px;">For disclosures on trusts for the benefit of employees,<div style="display:inline-block;width:1.91px"> </div>see Note 17</div><div id="a50047" style="position:absolute;font-family:'Calibri';font-weight:normal;font-style:normal;left:375.795px;top:46px;">—</div><div id="a50048" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:388.435px;top:46.6px;">Employee Benefit Plans. </div><div id="a50058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.2px;">Significant transactions with our equity affiliates<div style="display:inline-block;width:2.17px"> </div>were:<div style="display:inline-block;width:10.37px"> </div></div><div id="a50076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.675px;top:110.4px;">Millions of Dollars </div><div id="a50080" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.875px;top:127.1px;">2020 </div><div id="a50083" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.915px;top:127.1px;">2019 </div><div id="a50086" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:127.1px;">2018 </div><div id="a50096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160px;">Operating revenues and other income </div><div id="a50098" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:410.835px;top:160px;">$ </div><div id="a50100" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.795px;top:160px;">79</div><div id="a50103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:160px;">89</div><div id="a50106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:160px;">98</div><div id="a50108" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176px;">Purchases </div><div id="a50111" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:477.235px;top:176px;">-</div><div id="a50114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:176px;">38</div><div id="a50117" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:176px;">98</div><div id="a50119" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:192.2px;">Operating expenses and selling, general and administrative<div style="display:inline-block;width:1.81px"> </div>expenses </div><div id="a50123" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.795px;top:192.2px;">63</div><div id="a50126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:192.2px;">65</div><div id="a50129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:192.2px;">60</div><div id="a50131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:208.3px;">Net interest income* </div><div id="a50134" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:469.555px;top:208.3px;display:flex;">(5)</div><div id="a50137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.555px;top:208.3px;display:flex;">(13)</div><div id="a50140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:208.3px;display:flex;">(14)</div><div id="a50142" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:226.1px;">*We paid interest to, or received interest from,<div style="display:inline-block;width:4.18px"> </div>various affiliates.<div style="display:inline-block;width:4.8px"> </div>See Note 5—Investments, Loans and Long-Term Receivables, for additional </div><div id="a50148" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:239.1px;"><div style="display:inline-block;width:5.44px"> </div>information on loans to affiliated companies.</div></div></div></div> <div id="TextBlockContainer957" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:641px;height:252px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50032" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 22—Related Party Transactions </div><div id="a50045" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:30.1px;">Our related parties primarily include equity method<div style="display:inline-block;width:2.05px"> </div>investments and certain trusts for the benefit<div style="display:inline-block;width:2.08px"> </div>of employees.<div style="display:inline-block;width:3.1px"> </div></div><div id="a50046" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.6px;">For disclosures on trusts for the benefit of employees,<div style="display:inline-block;width:1.91px"> </div>see Note 17</div><div id="a50047" style="position:absolute;font-family:'Calibri';font-weight:normal;font-style:normal;left:375.795px;top:46px;">—</div><div id="a50048" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:388.435px;top:46.6px;">Employee Benefit Plans. </div><div id="a50058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.2px;">Significant transactions with our equity affiliates<div style="display:inline-block;width:2.17px"> </div>were:<div style="display:inline-block;width:10.37px"> </div></div><div id="a50076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:466.675px;top:110.4px;">Millions of Dollars </div><div id="a50080" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:457.875px;top:127.1px;">2020 </div><div id="a50083" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.915px;top:127.1px;">2019 </div><div id="a50086" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.915px;top:127.1px;">2018 </div><div id="a50096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160px;">Operating revenues and other income </div><div id="a50098" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:410.835px;top:160px;">$ </div><div id="a50100" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.795px;top:160px;">79</div><div id="a50103" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:160px;">89</div><div id="a50106" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:160px;">98</div><div id="a50108" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:176px;">Purchases </div><div id="a50111" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:477.235px;top:176px;">-</div><div id="a50114" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:176px;">38</div><div id="a50117" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:176px;">98</div><div id="a50119" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:192.2px;">Operating expenses and selling, general and administrative<div style="display:inline-block;width:1.81px"> </div>expenses </div><div id="a50123" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.795px;top:192.2px;">63</div><div id="a50126" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:192.2px;">65</div><div id="a50129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:192.2px;">60</div><div id="a50131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:208.3px;">Net interest income* </div><div id="a50134" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:469.555px;top:208.3px;display:flex;">(5)</div><div id="a50137" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.555px;top:208.3px;display:flex;">(13)</div><div id="a50140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:208.3px;display:flex;">(14)</div><div id="a50142" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:226.1px;">*We paid interest to, or received interest from,<div style="display:inline-block;width:4.18px"> </div>various affiliates.<div style="display:inline-block;width:4.8px"> </div>See Note 5—Investments, Loans and Long-Term Receivables, for additional </div><div id="a50148" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:239.1px;"><div style="display:inline-block;width:5.44px"> </div>information on loans to affiliated companies.</div></div> 79000000 89000000 98000000 0 38000000 98000000 63000000 65000000 60000000 -5000000 -13000000 -14000000 <div id="TextBlockContainer960" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:616px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50153" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 23—Sales and Other Operating Revenues </div><div id="a50157" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="a50158" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:32.2px;">Revenue from Contracts with Customers</div><div id="a50159" style="position:absolute;font-family:'Calibri';font-size:14.72px;font-weight:bold;font-style:normal;color:#00B050;left:249.688px;top:31px;"> </div><div id="a50160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">The following table provides further disaggregation<div style="display:inline-block;width:1.99px"> </div>of our consolidated sales and other operating<div style="display:inline-block;width:2.04px"> </div>revenues:</div></div><div id="TextBlockContainer964" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_962_XBRL_TS_2ca536ef0e0e4b909e482814ad41ba28" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer963" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:472.595px;top:0px;">Millions of Dollars </div><div id="a50173" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:16.8px;">2020 </div><div id="a50176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:16.8px;">2019 </div><div id="a50179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.8px;">2018 </div><div id="a50188" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49.6px;">Revenue from contracts with customers </div><div id="a50190" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:49.6px;">$ </div><div id="a50192" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.235px;top:49.6px;">13,662</div><div id="a50195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.235px;top:49.6px;">26,106</div><div id="a50198" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:49.6px;">28,098</div><div id="a50200" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.8px;">Revenue from contracts outside the scope of ASC<div style="display:inline-block;width:2.06px"> </div>Topic 606 </div><div id="a50208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:16.693px;top:81.8px;">Physical contracts meeting the definition of a derivative </div><div id="a50212" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:81.8px;">5,177</div><div id="a50215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:81.8px;">6,558</div><div id="a50218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:81.8px;">8,218</div><div id="a50220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:16.693px;top:97.9px;">Financial derivative contracts </div><div id="a50223" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:468.435px;top:97.9px;display:flex;">(55)</div><div id="a50226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:97.9px;display:flex;">(97)</div><div id="a50229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:97.9px;">101</div><div id="a50231" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.7px;">Consolidated sales and other operating revenues </div><div id="a50233" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:114.7px;">$ </div><div id="a50235" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.235px;top:114.7px;">18,784</div><div id="a50238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.235px;top:114.7px;">32,567</div><div id="a50241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:114.7px;">36,417</div></div></div></div><div id="TextBlockContainer966" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:631px;height:97px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50244" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">Revenues from contracts outside the scope of ASC<div style="display:inline-block;width:2.02px"> </div>Topic 606 relate primarily to physical gas contracts at </div><div id="a50247" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">market prices which qualify as derivatives accounted<div style="display:inline-block;width:1.95px"> </div>for under ASC Topic 815, “Derivatives and Hedging,” </div><div id="a50248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">and for which we have not elected NPNS.<div style="display:inline-block;width:5.76px"> </div>There is no significant difference in contractual<div style="display:inline-block;width:2.13px"> </div>terms or the policy </div><div id="a50249" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">for recognition of revenue from these contracts<div style="display:inline-block;width:2.13px"> </div>and those within the scope of ASC Topic 606.<div style="display:inline-block;width:6.37px"> </div>The following </div><div id="a50251" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">disaggregation of revenues is provided in conjunction<div style="display:inline-block;width:1.84px"> </div>with Note 24—Segment Disclosures and Related </div><div id="a50255" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">Information:</div></div><div id="TextBlockContainer970" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_968_XBRL_TS_9e4db51f845b464698ecef7ac5cde06e" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer969" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50263" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:0px;">Millions of Dollars </div><div id="a50268" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:16.7px;">2020 </div><div id="a50271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:16.7px;">2019 </div><div id="a50274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.7px;">2018 </div><div id="a50276" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:33.5px;">Revenue from Outside the Scope of ASC Topic 606 </div><div id="a50285" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:10.773px;top:49.6px;">by Segment </div><div id="a50293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.6px;">Lower 48 </div><div id="a50295" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:65.6px;">$ </div><div id="a50297" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:65.6px;">3,966</div><div id="a50300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:65.6px;">4,989</div><div id="a50303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:65.6px;">6,358</div><div id="a50305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.8px;">Canada </div><div id="a50308" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:81.8px;">727</div><div id="a50311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:81.8px;">691</div><div id="a50314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:81.8px;">629</div><div id="a50316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:98px;">Europe, Middle East and North Africa </div><div id="a50319" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:98px;">484</div><div id="a50322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:98px;">878</div><div id="a50325" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:98px;">1,231</div><div id="a50327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.6px;">Physical contracts meeting the definition of a derivative </div><div id="a50329" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:114.6px;">$ </div><div id="a50331" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:114.6px;">5,177</div><div id="a50334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:114.6px;">6,558</div><div id="a50337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:114.6px;">8,218</div></div></div></div><div id="TextBlockContainer974" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_972_XBRL_TS_4945458013374bc1801927af42c9ba58" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer973" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:0px;">Millions of Dollars </div><div id="a50352" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:16.7px;">2020 </div><div id="a50355" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:16.7px;">2019 </div><div id="a50358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.7px;">2018 </div><div id="a50360" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:33.5px;">Revenue from Outside the Scope of ASC Topic 606 </div><div id="a50369" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:10.773px;top:49.6px;">by Product </div><div id="a50377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.6px;">Crude oil </div><div id="a50379" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:65.6px;">$ </div><div id="a50381" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:65.6px;">395</div><div id="a50384" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:65.6px;">804</div><div id="a50387" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:65.6px;">1,112</div><div id="a50389" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.8px;">Natural gas </div><div id="a50392" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:81.8px;">4,339</div><div id="a50395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:81.8px;">5,313</div><div id="a50398" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:81.8px;">6,734</div><div id="a50400" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97.9px;">Other </div><div id="a50403" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:97.9px;">443</div><div id="a50406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:97.9px;">441</div><div id="a50409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:97.9px;">372</div><div id="a50411" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.6px;">Physical contracts meeting the definition of a derivative </div><div id="a50414" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:114.6px;">$ </div><div id="a50416" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:114.6px;">5,177</div><div id="a50419" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:114.6px;">6,558</div><div id="a50422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:114.6px;">8,218</div></div></div></div><div id="TextBlockContainer976" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:468px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50425" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Practical Expedients </div><div id="a50427" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Typically,<div style="display:inline-block;width:5.22px"> </div>our commodity sales contracts are less than<div style="display:inline-block;width:2.12px"> </div>12 months in duration; however, in certain specific </div><div id="a50428" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.3px;">cases may extend longer, which may be out to the end of<div style="display:inline-block;width:2.17px"> </div>field life.<div style="display:inline-block;width:6.64px"> </div></div><div id="a50428_69_34" style="position:absolute;font-family:'Times New Roman';left:384.374px;top:32.3px;">We have long-term commodity sales </div><div id="a50431" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:48.3px;">contracts which use prevailing market prices at the time of delivery, and under these contracts, the market-</div><div id="a50434" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:64.5px;">based variable consideration for each performance obligation (i.e., delivery of commodity) is allocated to each </div><div id="a50435" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:80.5px;">wholly unsatisfied performance obligation within the contract.</div><div id="a50435_62_15" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:354.294px;top:80.5px;"><div style="display:inline-block;width:7.04px"> </div>Accordingly, </div><div id="a50435_77_30" style="position:absolute;font-family:'Times New Roman';left:438.294px;top:80.5px;">we have applied the practical </div><div id="a50437" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:96.7px;">expedient allowed in ASC Topic 606 and do not disclose the aggregate amount of the transaction price </div><div id="a50438" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:112.8px;">allocated to performance obligations or when we expect to recognize revenues that are unsatisfied (or partially </div><div id="a50439" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:128.8px;">unsatisfied) as of the end of the reporting period.</div><div id="a50439_51_1" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:278.168px;top:128.8px;"> </div><div id="a50443" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;"> </div><div id="a50444" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:161.2px;">Receivables and Contract Liabilities </div><div id="a50446" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:177.2px;"> </div><div id="a50447" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:193.3px;">Receivables from Contracts with Customers </div><div id="a50449" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">At December 31, 2020, the “Accounts and<div style="display:inline-block;width:2.15px"> </div>notes receivable” line on our consolidated<div style="display:inline-block;width:2.19px"> </div>balance sheet included </div><div id="a50457" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;">trade receivables of $</div><div id="a50457_22_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:124.848px;top:225.5px;">1,827</div><div id="a50457_27_24" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:156.368px;top:225.5px;"><div style="display:inline-block;width:3.36px"> </div>million compared with $</div><div id="a50457_51_5" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.008px;top:225.5px;">2,372</div><div id="a50457_56_49" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:329.368px;top:225.5px;"><div style="display:inline-block;width:3.52px"> </div>million at December 31, 2019, and included both </div><div id="a50466" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.6px;">contracts with customers within the scope of ASC<div style="display:inline-block;width:2.06px"> </div>Topic 606 and those that are outside the scope of ASC </div><div id="a50468" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:257.6px;">Topic 606.<div style="display:inline-block;width:7.66px"> </div></div><div id="a50468_12_97" style="position:absolute;font-family:'Times New Roman';left:72.373px;top:257.6px;">We typically receive payment within 30 days or less (depending on the terms of the invoice) once </div><div id="a50471" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:273.8px;">delivery is made.</div><div id="a50471_17_94" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:100.848px;top:273.8px;"><div style="display:inline-block;width:6.88px"> </div>Revenues that are outside the scope of ASC Topic 606 relate primarily to<div style="display:inline-block;width:2.16px"> </div>physical gas sales </div><div id="a50475" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:290px;">contracts at market prices for which we do not<div style="display:inline-block;width:2.03px"> </div>elect NPNS and are therefore accounted for<div style="display:inline-block;width:2.18px"> </div>as a derivative </div><div id="a50476" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:306px;">under ASC Topic 815.<div style="display:inline-block;width:7.41px"> </div>There is little distinction in the nature<div style="display:inline-block;width:2.15px"> </div>of the customer or credit quality of trade </div><div id="a50477" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:322.1px;">receivables associated with gas sold under contracts<div style="display:inline-block;width:1.99px"> </div>for which NPNS has not been elected<div style="display:inline-block;width:2.14px"> </div>compared with trade </div><div id="a50479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:338.1px;">receivables where NPNS has been elected. </div><div id="a50481" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:354.3px;"> </div><div id="a50482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:4.693px;top:370.5px;">Contract Liabilities from Contracts with Customers </div><div id="a50484" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:386.5px;">We have entered into contractual arrangements where we license proprietary technology to customers related </div><div id="a50486" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:402.6px;">to the optimization process for operating LNG plants. The agreements typically provide for negotiated </div><div id="a50487" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:418.6px;">payments to be made at stated milestones. The payments are not directly related to our performance under the </div><div id="a50488" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:434.8px;">contract and are recorded as deferred revenue to be recognized as revenue when the customer can utilize and </div><div id="a50490" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:450.9px;">benefit from their right to use the license. Payments are received in installments over the construction period.</div></div><div id="TextBlockContainer980" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:164px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_978_XBRL_TS_2edcb7f69f0b4f23b9c6d9b36c9ba5fd" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer979" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:164px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.635px;top:0px;">Millions of Dollars </div><div id="a50498" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:16.6px;">Contract Liabilities </div><div id="a50502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.8px;">At December 31, 2019 </div><div id="a50504" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:32.8px;">$ </div><div id="a50506" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.835px;top:32.8px;">80</div><div id="a50508" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49px;">Contractual payments received </div><div id="a50511" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.835px;top:49px;">17</div><div id="a50513" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:65.6px;">At December 31, 2020 </div><div id="a50515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:65.6px;">$ </div><div id="a50517" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.835px;top:65.6px;">97</div><div id="a50522" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:98.8px;">Amounts Recognized in the Consolidated<div style="display:inline-block;width:2.08px"> </div>Balance Sheet at December 31, 2020 </div><div id="a50526" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.9px;">Current liabilities </div><div id="a50528" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:114.9px;">$ </div><div id="a50530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:615.835px;top:114.9px;">56</div><div id="a50532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:130.9px;">Noncurrent liabilities </div><div id="a50535" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:615.835px;top:130.9px;">41</div><div id="a50538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:147.7px;">$ </div><div id="a50540" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:615.835px;top:147.7px;">97</div></div></div></div><div id="TextBlockContainer982" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:615px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50543" style="position:absolute;font-family:'Times New Roman';left:4.693px;top:0px;">We expect to recognize the contract liabilities as of December 31, 2020, as revenue during 2021 and 2022.</div><div id="a50543_105_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.075px;top:0px;"><div style="display:inline-block;width:3.52px"> </div></div><div id="a50554" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">There was no revenue recognized during the<div style="display:inline-block;width:2.11px"> </div>year ended December 31, 2020.</div></div> <div id="TextBlockContainer963" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:472.595px;top:0px;">Millions of Dollars </div><div id="a50173" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:16.8px;">2020 </div><div id="a50176" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:16.8px;">2019 </div><div id="a50179" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.8px;">2018 </div><div id="a50188" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49.6px;">Revenue from contracts with customers </div><div id="a50190" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:49.6px;">$ </div><div id="a50192" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.235px;top:49.6px;">13,662</div><div id="a50195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.235px;top:49.6px;">26,106</div><div id="a50198" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:49.6px;">28,098</div><div id="a50200" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.8px;">Revenue from contracts outside the scope of ASC<div style="display:inline-block;width:2.06px"> </div>Topic 606 </div><div id="a50208" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:16.693px;top:81.8px;">Physical contracts meeting the definition of a derivative </div><div id="a50212" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:81.8px;">5,177</div><div id="a50215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:81.8px;">6,558</div><div id="a50218" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:81.8px;">8,218</div><div id="a50220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:16.693px;top:97.9px;">Financial derivative contracts </div><div id="a50223" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:468.435px;top:97.9px;display:flex;">(55)</div><div id="a50226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.435px;top:97.9px;display:flex;">(97)</div><div id="a50229" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:97.9px;">101</div><div id="a50231" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.7px;">Consolidated sales and other operating revenues </div><div id="a50233" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:114.7px;">$ </div><div id="a50235" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.235px;top:114.7px;">18,784</div><div id="a50238" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.235px;top:114.7px;">32,567</div><div id="a50241" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:114.7px;">36,417</div></div><div id="TextBlockContainer969" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50263" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:0px;">Millions of Dollars </div><div id="a50268" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:16.7px;">2020 </div><div id="a50271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:16.7px;">2019 </div><div id="a50274" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.7px;">2018 </div><div id="a50276" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:33.5px;">Revenue from Outside the Scope of ASC Topic 606 </div><div id="a50285" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:10.773px;top:49.6px;">by Segment </div><div id="a50293" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.6px;">Lower 48 </div><div id="a50295" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:65.6px;">$ </div><div id="a50297" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:65.6px;">3,966</div><div id="a50300" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:65.6px;">4,989</div><div id="a50303" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:65.6px;">6,358</div><div id="a50305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.8px;">Canada </div><div id="a50308" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:81.8px;">727</div><div id="a50311" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:81.8px;">691</div><div id="a50314" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:81.8px;">629</div><div id="a50316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:98px;">Europe, Middle East and North Africa </div><div id="a50319" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:98px;">484</div><div id="a50322" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:98px;">878</div><div id="a50325" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:98px;">1,231</div><div id="a50327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.6px;">Physical contracts meeting the definition of a derivative </div><div id="a50329" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:114.6px;">$ </div><div id="a50331" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:114.6px;">5,177</div><div id="a50334" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:114.6px;">6,558</div><div id="a50337" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:114.6px;">8,218</div></div><div id="TextBlockContainer973" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:132px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50347" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:478.675px;top:0px;">Millions of Dollars </div><div id="a50352" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:463.795px;top:16.7px;">2020 </div><div id="a50355" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.795px;top:16.7px;">2019 </div><div id="a50358" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:16.7px;">2018 </div><div id="a50360" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:33.5px;">Revenue from Outside the Scope of ASC Topic 606 </div><div id="a50369" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:10.773px;top:49.6px;">by Product </div><div id="a50377" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65.6px;">Crude oil </div><div id="a50379" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:65.6px;">$ </div><div id="a50381" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:65.6px;">395</div><div id="a50384" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:65.6px;">804</div><div id="a50387" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:65.6px;">1,112</div><div id="a50389" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.8px;">Natural gas </div><div id="a50392" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:81.8px;">4,339</div><div id="a50395" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:81.8px;">5,313</div><div id="a50398" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:81.8px;">6,734</div><div id="a50400" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97.9px;">Other </div><div id="a50403" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.835px;top:97.9px;">443</div><div id="a50406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.835px;top:97.9px;">441</div><div id="a50409" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:97.9px;">372</div><div id="a50411" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.6px;">Physical contracts meeting the definition of a derivative </div><div id="a50414" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:422.835px;top:114.6px;">$ </div><div id="a50416" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.275px;top:114.6px;">5,177</div><div id="a50419" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.275px;top:114.6px;">6,558</div><div id="a50422" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:114.6px;">8,218</div></div> 13662000000 26106000000 28098000000 5177000000 5177000000 6558000000 6558000000 8218000000 8218000000 -55000000 -97000000 101000000 18784000000 32567000000 36417000000 3966000000 4989000000 6358000000 727000000 691000000 629000000 484000000 878000000 1231000000 5177000000 6558000000 8218000000 395000000 804000000 1112000000 4339000000 5313000000 6734000000 443000000 441000000 372000000 5177000000 6558000000 8218000000 We have long-term commodity sales contracts which use prevailing market prices at the time of delivery, and under these contracts, the market-based variable consideration for each performance obligation (i.e., delivery of commodity) is allocated to each wholly unsatisfied performance obligation within the contract. true 1827000000 2372000000 We typically receive payment within 30 days or less (depending on the terms of the invoice) once delivery is made. We have entered into contractual arrangements where we license proprietary technology to customers related to the optimization process for operating LNG plants. The agreements typically provide for negotiated payments to be made at stated milestones. The payments are not directly related to our performance under the contract and are recorded as deferred revenue to be recognized as revenue when the customer can utilize and benefit from their right to use the license. Payments are received in installments over the construction period. <div id="TextBlockContainer979" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:164px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50496" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.635px;top:0px;">Millions of Dollars </div><div id="a50498" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:16.6px;">Contract Liabilities </div><div id="a50502" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.8px;">At December 31, 2019 </div><div id="a50504" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:32.8px;">$ </div><div id="a50506" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.835px;top:32.8px;">80</div><div id="a50508" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:49px;">Contractual payments received </div><div id="a50511" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.835px;top:49px;">17</div><div id="a50513" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:65.6px;">At December 31, 2020 </div><div id="a50515" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:65.6px;">$ </div><div id="a50517" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:611.835px;top:65.6px;">97</div><div id="a50522" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:98.8px;">Amounts Recognized in the Consolidated<div style="display:inline-block;width:2.08px"> </div>Balance Sheet at December 31, 2020 </div><div id="a50526" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:114.9px;">Current liabilities </div><div id="a50528" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:114.9px;">$ </div><div id="a50530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:615.835px;top:114.9px;">56</div><div id="a50532" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:130.9px;">Noncurrent liabilities </div><div id="a50535" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:615.835px;top:130.9px;">41</div><div id="a50538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.835px;top:147.7px;">$ </div><div id="a50540" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:615.835px;top:147.7px;">97</div></div> 80000000 17000000 97000000 56000000 41000000 97000000 We expect to recognize the contract liabilities as of December 31, 2020, as revenue during 2021 and 2022. <div id="TextBlockContainer984" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:637px;height:336px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50560" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 24—Segment Disclosures and Related Information </div><div id="a50564" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;"> </div><div id="a50565" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:31.5px;">We explore for, produce, transport and market crude oil, bitumen, natural gas, LNG and NGLs on<div style="display:inline-block;width:2.12px"> </div>a worldwide </div><div id="a50569" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.7px;">basis.<div style="display:inline-block;width:6.88px"> </div>We manage our operations through </div><div id="a50569_41_3" style="position:absolute;font-family:'Times New Roman';left:244.408px;top:46.7px;-sec-ix-hidden:ID_1299;">six</div><div id="a50569_44_63" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:260.728px;top:46.7px;"><div style="display:inline-block;width:3.52px"> </div>operating segments, which are primarily defined<div style="display:inline-block;width:2.14px"> </div>by geographic </div><div id="a50573" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.1px;">region: Alaska; Lower 48; Canada; Europe,<div style="display:inline-block;width:2.17px"> </div>Middle East and North Africa; Asia Pacific;<div style="display:inline-block;width:2.05px"> </div>and Other </div><div id="a50593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:77.5px;">International. </div><div id="a50595" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:93.3px;"> </div><div id="a50596" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:109.5px;">Corporate and Other represents income and costs<div style="display:inline-block;width:2.1px"> </div>not directly associated with an operating<div style="display:inline-block;width:2.13px"> </div>segment, such as </div><div id="a50601" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.5px;">most interest expense, premiums on early retirement<div style="display:inline-block;width:1.92px"> </div>of debt, corporate overhead and certain technology </div><div id="a50602" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:141.6px;">activities, including licensing revenues.<div style="display:inline-block;width:5.84px"> </div>Corporate assets include all cash and cash<div style="display:inline-block;width:2.09px"> </div>equivalents and short-term </div><div id="a50606" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:157.8px;">investments.<div style="display:inline-block;width:6.65px"> </div></div><div id="a50608" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:173.8px;"> </div><div id="a50609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:189.9px;">We evaluate performance and allocate resources based on net income (loss) attributable<div style="display:inline-block;width:1.78px"> </div>to ConocoPhillips.<div style="display:inline-block;width:2.85px"> </div></div><div id="a50610" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:206.1px;">Segment accounting policies are the same as those<div style="display:inline-block;width:1.99px"> </div>in Note 1—Accounting Policies.<div style="display:inline-block;width:6.12px"> </div>Intersegment sales are at </div><div id="a50615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:222.1px;">prices that approximate market.<div style="display:inline-block;width:2.56px"> </div></div><div id="a50618" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:238.3px;"> </div><div id="a50619" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:254.3px;">Effective with the third quarter of 2020, we restructured our<div style="display:inline-block;width:1.98px"> </div>segments to align with changes to our internal </div><div id="a50620" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:270.5px;">organization.<div style="display:inline-block;width:6.84px"> </div>The Middle East business was realigned from<div style="display:inline-block;width:2.07px"> </div>the Asia Pacific and Middle East segment to the </div><div id="a50621" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:286.6px;">Europe and North Africa segment.<div style="display:inline-block;width:6.01px"> </div>The segments have been renamed the Asia Pacific<div style="display:inline-block;width:1.82px"> </div>segment and the Europe, </div><div id="a50623" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:302.6px;">Middle East and North Africa segment.<div style="display:inline-block;width:5.91px"> </div>We have revised segment information disclosures and segment </div><div id="a50624" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:318.8px;">performance metrics presented within our results<div style="display:inline-block;width:1.96px"> </div>of operations for the current and prior comparative<div style="display:inline-block;width:2.09px"> </div>periods.</div></div><div id="TextBlockContainer987" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50630" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Analysis of Results by Operating Segment </div><div id="a50649" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:468.435px;top:32.2px;">Millions of Dollars </div><div id="a50654" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.555px;top:49px;">2020 </div><div id="a50657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.155px;top:49px;">2019 </div><div id="a50660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.715px;top:49px;">2018 </div><div id="a50662" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67.5px;">Sales and Other Operating Revenues </div><div id="a50670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:83.5px;">Alaska </div><div id="a50672" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.555px;top:83.5px;">$ </div><div id="a50674" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:83.5px;">3,408</div><div id="a50677" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:83.5px;">5,483</div><div id="a50680" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:83.5px;">5,740</div><div id="a50682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.7px;">Intersegment eliminations </div><div id="a50685" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.195px;top:99.7px;display:flex;">(11)</div><div id="a50688" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.515px;top:99.7px;">-</div><div id="a50691" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:622.075px;top:99.7px;">-</div><div id="a50693" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:116.5px;">Alaska </div><div id="a50696" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:116.5px;">3,397</div><div id="a50699" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:116.5px;">5,483</div><div id="a50702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:116.5px;">5,740</div><div id="a50704" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Lower 48 </div><div id="a50707" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:132.5px;">9,872</div><div id="a50710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.595px;top:132.5px;">15,514</div><div id="a50713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:132.5px;">17,029</div><div id="a50715" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.7px;">Intersegment eliminations </div><div id="a50718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.195px;top:148.7px;display:flex;">(51)</div><div id="a50721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.795px;top:148.7px;display:flex;">(46)</div><div id="a50724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.355px;top:148.7px;display:flex;">(40)</div><div id="a50727" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:15.093px;top:165.5px;">Lower 48 </div><div id="a50730" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:165.5px;">9,821</div><div id="a50733" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.595px;top:165.5px;">15,468</div><div id="a50736" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:165.5px;">16,989</div><div id="a50738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:181.5px;">Canada </div><div id="a50741" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:181.5px;">1,666</div><div id="a50744" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:181.5px;">2,910</div><div id="a50747" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:181.5px;">3,184</div><div id="a50749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:197.6px;">Intersegment eliminations </div><div id="a50752" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:197.6px;display:flex;">(405)</div><div id="a50755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.355px;top:197.6px;display:flex;">(1,141)</div><div id="a50758" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:589.915px;top:197.6px;display:flex;">(1,160)</div><div id="a50761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:15.093px;top:214.4px;">Canada </div><div id="a50764" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:214.4px;">1,261</div><div id="a50767" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:214.4px;">1,769</div><div id="a50770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:214.4px;">2,024</div><div id="a50772" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:230.4px;">Europe, Middle East and North Africa </div><div id="a50775" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:230.4px;">1,919</div><div id="a50778" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:230.4px;">5,101</div><div id="a50781" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:230.4px;">6,635</div><div id="a50783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:246.6px;">Intersegment eliminations </div><div id="a50786" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.235px;top:246.6px;display:flex;">(2)</div><div id="a50789" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.515px;top:246.6px;">-</div><div id="a50792" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:622.075px;top:246.6px;">-</div><div id="a50794" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:263.4px;">Europe, Middle East and North Africa </div><div id="a50797" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:263.4px;">1,917</div><div id="a50800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:263.4px;">5,101</div><div id="a50803" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:263.4px;">6,635</div><div id="a50805" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:279.4px;">Asia Pacific </div><div id="a50808" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:279.4px;">2,363</div><div id="a50811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:279.4px;">4,525</div><div id="a50814" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:279.4px;">4,861</div><div id="a50816" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:295.6px;">Other International </div><div id="a50819" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:478.515px;top:295.6px;">7</div><div id="a50822" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.515px;top:295.6px;">-</div><div id="a50825" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:622.075px;top:295.6px;">-</div><div id="a50827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:311.7px;">Corporate and Other </div><div id="a50830" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.475px;top:311.7px;">18</div><div id="a50833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.195px;top:311.7px;">221</div><div id="a50836" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.755px;top:311.7px;">168</div><div id="a50838" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:328.4px;">Consolidated sales and other operating revenues </div><div id="a50841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.555px;top:328.4px;">$ </div><div id="a50843" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.995px;top:328.4px;">18,784</div><div id="a50846" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.595px;top:328.4px;">32,567</div><div id="a50849" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:328.4px;">36,417</div><div id="a50859" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:363.6px;">The market for our products is large and diverse, therefore,<div style="display:inline-block;width:1.95px"> </div>our sales and other operating revenues are not </div><div id="a50860" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:379.7px;">dependent upon any single customer.</div></div><div id="TextBlockContainer991" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50868" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.995px;top:0px;">Millions of Dollars </div><div id="a50872" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:448.115px;top:18.6px;">2020 </div><div id="a50874" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.955px;top:18.6px;">2019 </div><div id="a50876" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:18.6px;">2018 </div><div id="a50878" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:32.5px;">Depreciation, Depletion, Amortization and Impairments </div><div id="a50886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.7px;">Alaska </div><div id="a50888" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.795px;top:48.7px;">$ </div><div id="a50890" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:48.7px;">996</div><div id="a50893" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:48.7px;">805</div><div id="a50896" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:48.7px;">760</div><div id="a50898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.7px;">Lower 48 </div><div id="a50901" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.755px;top:64.7px;">3,358</div><div id="a50904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:64.7px;">3,224</div><div id="a50907" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:64.7px;">2,370</div><div id="a50909" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.8px;">Canada </div><div id="a50912" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:80.8px;">342</div><div id="a50915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:80.8px;">232</div><div id="a50918" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:80.8px;">324</div><div id="a50920" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97px;">Europe, Middle East and North Africa </div><div id="a50923" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:97px;">775</div><div id="a50926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:97px;">887</div><div id="a50929" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:97px;">1,041</div><div id="a50931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:113px;">Asia Pacific </div><div id="a50934" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:113px;">809</div><div id="a50937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:113px;">1,285</div><div id="a50940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:113px;">1,382</div><div id="a50942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.1px;">Other International </div><div id="a50946" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.635px;top:129.1px;">-</div><div id="a50949" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:544.315px;top:129.1px;">-</div><div id="a50952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:129.1px;">-</div><div id="a50954" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.1px;">Corporate and Other </div><div id="a50957" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.195px;top:145.1px;">54</div><div id="a50960" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:145.1px;">62</div><div id="a50963" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:145.1px;">106</div><div id="a50965" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.9px;">Consolidated depreciation, depletion, amortization<div style="display:inline-block;width:2px"> </div>and impairments </div><div id="a50967" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.795px;top:161.9px;">$ </div><div id="a50969" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.755px;top:161.9px;">6,334</div><div id="a50972" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:161.9px;">6,495</div><div id="a50975" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:161.9px;">5,983</div></div><div id="TextBlockContainer996" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:148px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_994_XBRL_CS_82d3e00e2e724a988441ab19ce9e05ba" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer995" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:148px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50978" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Equity in Earnings of Affiliates </div><div id="a50985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Alaska </div><div id="a50987" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16.2px;">$ </div><div id="a50989" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.475px;top:16.2px;display:flex;">(7)</div><div id="a50992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:16.2px;">7</div><div id="a50995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:16.2px;">6</div><div id="a50997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.4px;">Lower 48 </div><div id="a51000" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:32.4px;display:flex;">(11)</div><div id="a51003" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:32.4px;display:flex;">(159)</div><div id="a51006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:32.4px;">1</div><div id="a51008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">Canada </div><div id="a51011" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:48.4px;">-</div><div id="a51014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:48.4px;">-</div><div id="a51017" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:48.4px;">-</div><div id="a51019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">Europe, Middle East and North Africa </div><div id="a51022" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:64.5px;">311</div><div id="a51025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:64.5px;">470</div><div id="a51028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:64.5px;">744</div><div id="a51030" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.7px;">Asia Pacific </div><div id="a51033" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:80.7px;">137</div><div id="a51036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:80.7px;">461</div><div id="a51039" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:80.7px;">323</div><div id="a51041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">Other International </div><div id="a51044" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.755px;top:96.7px;">2</div><div id="a51047" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:96.7px;">-</div><div id="a51050" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:96.7px;">-</div><div id="a51052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.8px;">Corporate and Other </div><div id="a51055" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:112.8px;">-</div><div id="a51058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:112.8px;">-</div><div id="a51061" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:112.8px;">-</div><div id="a51063" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.4px;">Consolidated equity in earnings of affiliates </div><div id="a51065" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:131.4px;">$ </div><div id="a51067" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:131.4px;">432</div><div id="a51070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:131.4px;">779</div><div id="a51073" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:131.4px;">1,074</div></div></div></div><div id="TextBlockContainer999" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:159px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51076" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Income Tax Provision (Benefit) </div><div id="a51084" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:17.9px;">Alaska </div><div id="a51086" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:17.9px;">$ </div><div id="a51088" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:17.9px;display:flex;">(256)</div><div id="a51091" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:17.9px;">472</div><div id="a51094" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:17.9px;">376</div><div id="a51096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:34.1px;">Lower 48 </div><div id="a51099" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:35.8px;display:flex;">(378)</div><div id="a51102" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:35.8px;">137</div><div id="a51105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:35.8px;">474</div><div id="a51107" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:51.8px;">Canada </div><div id="a51110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:53.8px;display:flex;">(185)</div><div id="a51113" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.595px;top:53.8px;display:flex;">(43)</div><div id="a51116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:53.8px;display:flex;">(96)</div><div id="a51118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:69.8px;">Europe, Middle East and North Africa </div><div id="a51121" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:71.7px;">136</div><div id="a51124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:71.7px;">1,425</div><div id="a51127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:71.7px;">2,259</div><div id="a51129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:87.7px;">Asia Pacific </div><div id="a51132" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:89.6px;">294</div><div id="a51135" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:89.6px;">501</div><div id="a51138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:89.6px;">728</div><div id="a51140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.6px;">Other International </div><div id="a51143" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:107.4px;display:flex;">(20)</div><div id="a51146" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:107.4px;">8</div><div id="a51149" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:107.4px;">30</div><div id="a51151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:123.5px;">Corporate and Other </div><div id="a51154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:125.3px;display:flex;">(76)</div><div id="a51157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:125.3px;display:flex;">(233)</div><div id="a51160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:125.3px;display:flex;">(103)</div><div id="a51162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:142.1px;">Consolidated income tax provision (benefit) </div><div id="a51164" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:142.1px;">$ </div><div id="a51166" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:142.1px;display:flex;">(485)</div><div id="a51169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:142.1px;">2,267</div><div id="a51172" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:142.1px;">3,668</div></div><div id="TextBlockContainer1003" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51175" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Net Income (Loss) Attributable to ConocoPhillips </div><div id="a51183" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:17.9px;">Alaska </div><div id="a51185" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:17.9px;">$ </div><div id="a51187" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:19.7px;display:flex;">(719)</div><div id="a51190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:19.7px;">1,520</div><div id="a51193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:19.7px;">1,814</div><div id="a51195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:35.8px;">Lower 48 </div><div id="a51198" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:426.995px;top:37.6px;display:flex;">(1,122)</div><div id="a51201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:37.6px;">436</div><div id="a51204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:37.6px;">1,747</div><div id="a51206" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:53.8px;">Canada </div><div id="a51209" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:55.5px;display:flex;">(326)</div><div id="a51212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:55.5px;">279</div><div id="a51215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:55.5px;">63</div><div id="a51217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:71.7px;">Europe, Middle East and North Africa </div><div id="a51220" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:73.4px;">448</div><div id="a51223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:73.4px;">3,170</div><div id="a51226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:73.4px;">2,594</div><div id="a51228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:89.6px;">Asia Pacific </div><div id="a51231" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:91.4px;">962</div><div id="a51234" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:91.4px;">1,483</div><div id="a51237" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:91.4px;">1,342</div><div id="a51239" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:107.5px;">Other International </div><div id="a51242" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:109.3px;display:flex;">(64)</div><div id="a51245" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:109.3px;">263</div><div id="a51248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:109.3px;">364</div><div id="a51250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.4px;">Corporate and Other </div><div id="a51253" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:426.995px;top:127.2px;display:flex;">(1,880)</div><div id="a51256" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:127.2px;">38</div><div id="a51259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:589.115px;top:127.2px;display:flex;">(1,667)</div><div id="a51261" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144px;">Consolidated net income (loss) attributable<div style="display:inline-block;width:2.05px"> </div>to ConocoPhillips </div><div id="a51263" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:144px;">$ </div><div id="a51265" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:426.995px;top:144px;display:flex;">(2,701)</div><div id="a51268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:144px;">7,189</div><div id="a51271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:144px;">6,257</div></div><div id="TextBlockContainer1007" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:177px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51278" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:0px;">Millions of Dollars </div><div id="a51281" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:15.7px;">2020 </div><div id="a51283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.795px;top:15.7px;">2019 </div><div id="a51285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:15.7px;">2018 </div><div id="a51287" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:30.6px;">Investments in and Advances to Affiliates </div><div id="a51295" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.7px;">Alaska </div><div id="a51297" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:46.7px;">$ </div><div id="a51299" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:46.7px;">62</div><div id="a51302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:46.7px;">83</div><div id="a51305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:46.7px;">86</div><div id="a51307" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.9px;">Lower 48 </div><div id="a51310" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:62.9px;">25</div><div id="a51313" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:62.9px;">35</div><div id="a51316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:62.9px;">378</div><div id="a51318" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:78.9px;">Canada </div><div id="a51321" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:78.9px;">-</div><div id="a51324" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:78.9px;">-</div><div id="a51327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:78.9px;">-</div><div id="a51329" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.1px;">Europe, Middle East and North Africa </div><div id="a51332" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:95.1px;">918</div><div id="a51335" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:95.1px;">1,070</div><div id="a51338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:95.1px;">1,311</div><div id="a51340" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.1px;">Asia Pacific </div><div id="a51343" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:111.1px;">6,705</div><div id="a51346" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:111.1px;">7,265</div><div id="a51349" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:111.1px;">7,565</div><div id="a51351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.2px;">Other International </div><div id="a51354" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:127.2px;">-</div><div id="a51357" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:127.2px;">-</div><div id="a51360" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:127.2px;">-</div><div id="a51362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.4px;">Corporate and Other </div><div id="a51365" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:143.4px;">-</div><div id="a51368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:143.4px;">-</div><div id="a51371" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:143.4px;">-</div><div id="a51373" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160px;">Consolidated investments in and advances to affiliates </div><div id="a51375" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:160px;">$ </div><div id="a51377" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:160px;">7,710</div><div id="a51380" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:160px;">8,453</div><div id="a51383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:160px;">9,340</div></div><div id="TextBlockContainer1012" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:159px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1010_XBRL_CS_2829741d703046eaa0e2c561b2d63db8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1011" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:159px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51386" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Total Assets </div><div id="a51394" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Alaska </div><div id="a51396" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16px;">$ </div><div id="a51398" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:16px;">14,623</div><div id="a51401" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:16px;">15,453</div><div id="a51404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:16px;">14,648</div><div id="a51406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:34px;">Lower 48 </div><div id="a51409" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:34px;">11,932</div><div id="a51412" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:34px;">14,425</div><div id="a51415" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:34px;">14,888</div><div id="a51417" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:51.9px;">Canada </div><div id="a51420" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:51.9px;">6,863</div><div id="a51423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:51.9px;">6,350</div><div id="a51426" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:51.9px;">5,748</div><div id="a51428" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:69.8px;">Europe, Middle East and North Africa </div><div id="a51431" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:69.8px;">8,756</div><div id="a51434" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:69.8px;">9,269</div><div id="a51437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:69.8px;">11,276</div><div id="a51439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:87.7px;">Asia Pacific </div><div id="a51442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:87.7px;">11,231</div><div id="a51445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:87.7px;">13,568</div><div id="a51448" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:87.7px;">14,758</div><div id="a51450" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.6px;">Other International </div><div id="a51453" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:105.6px;">226</div><div id="a51456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:105.6px;">285</div><div id="a51459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:105.6px;">89</div><div id="a51461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:123.6px;">Corporate and Other </div><div id="a51464" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:123.6px;">8,987</div><div id="a51467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:123.6px;">11,164</div><div id="a51470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:123.6px;">8,573</div><div id="a51472" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:142.1px;">Consolidated total assets </div><div id="a51474" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:142.1px;">$ </div><div id="a51476" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:142.1px;">62,618</div><div id="a51479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:142.1px;">70,514</div><div id="a51482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:142.1px;">69,980</div></div></div></div><div id="TextBlockContainer1016" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1014_XBRL_CS_bf1eaaaa40c8484eb2ae70aeffeb0905" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1015" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51485" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Capital Expenditures and Investments </div><div id="a51493" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Alaska </div><div id="a51495" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16.2px;">$ </div><div id="a51497" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:16.2px;">1,038</div><div id="a51500" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:16.2px;">1,513</div><div id="a51503" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:16.2px;">1,298</div><div id="a51505" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Lower 48 </div><div id="a51508" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:32.2px;">1,881</div><div id="a51511" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:32.2px;">3,394</div><div id="a51514" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:32.2px;">3,184</div><div id="a51516" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">Canada </div><div id="a51519" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:48.3px;">651</div><div id="a51522" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:48.3px;">368</div><div id="a51525" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:48.3px;">477</div><div id="a51527" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">Europe, Middle East and North Africa </div><div id="a51530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:64.5px;">600</div><div id="a51533" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:64.5px;">708</div><div id="a51536" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:64.5px;">877</div><div id="a51538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">Asia Pacific </div><div id="a51541" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:80.5px;">384</div><div id="a51544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:80.5px;">584</div><div id="a51547" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:80.5px;">718</div><div id="a51549" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">Other International </div><div id="a51552" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:96.7px;">121</div><div id="a51555" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:96.7px;">8</div><div id="a51558" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:96.7px;">6</div><div id="a51560" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">Corporate and Other </div><div id="a51563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:112.7px;">40</div><div id="a51566" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:112.7px;">61</div><div id="a51569" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:112.7px;">190</div><div id="a51571" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.5px;">Consolidated capital expenditures and investments </div><div id="a51574" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:129.5px;">$ </div><div id="a51576" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:129.5px;">4,715</div><div id="a51579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:129.5px;">6,636</div><div id="a51582" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:129.5px;">6,750</div></div></div></div><div id="TextBlockContainer1020" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:630px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1018_XBRL_CS_694d4bfa5d274011a7f7eed800a40df4" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1019" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:630px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51585" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Interest Income and Expense </div><div id="a51593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Interest income </div><div id="a51602" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:32.3px;">Alaska </div><div id="a51604" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:32.3px;">$ </div><div id="a51606" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:32.3px;">-</div><div id="a51609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:32.3px;">-</div><div id="a51612" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:32.3px;">-</div><div id="a51615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:48.3px;">Lower 48<div style="display:inline-block;width:3.25px"> </div></div><div id="a51618" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:48.3px;">-</div><div id="a51621" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:48.3px;">-</div><div id="a51624" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:48.3px;">-</div><div id="a51627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:64.5px;">Canada </div><div id="a51630" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:64.5px;">-</div><div id="a51633" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:64.5px;">-</div><div id="a51636" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:64.5px;">-</div><div id="a51639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:80.5px;">Europe, Middle East and North Africa </div><div id="a51642" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:80.5px;">5</div><div id="a51645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.435px;top:80.5px;">11</div><div id="a51648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:80.5px;">12</div><div id="a51651" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:98.4px;">Asia Pacific </div><div id="a51654" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:98.4px;">7</div><div id="a51657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.475px;top:98.4px;">6</div><div id="a51660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:98.4px;">5</div><div id="a51663" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:116.3px;">Other International </div><div id="a51667" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:116.3px;">-</div><div id="a51670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:116.3px;">-</div><div id="a51673" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:116.3px;">-</div><div id="a51676" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:134.2px;">Corporate and Other </div><div id="a51679" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:134.2px;">88</div><div id="a51682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:134.2px;">149</div><div id="a51685" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:134.2px;">80</div><div id="a51687" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:152.2px;">Interest and debt expense </div><div id="a51696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:168.4px;">Corporate and Other </div><div id="a51698" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:168.4px;">$ </div><div id="a51700" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:168.4px;">806</div><div id="a51703" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:168.4px;">778</div><div id="a51706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:168.4px;">735</div></div></div></div><div id="TextBlockContainer1024" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1022_XBRL_CS_2a3ad0a194294c6b8523a71c2b71030c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1023" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51709" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Sales and Other Operating Revenues by<div style="display:inline-block;width:2.18px"> </div>Product </div><div id="a51717" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Crude oil<div style="display:inline-block;width:3.2px"> </div></div><div id="a51719" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16px;">$ </div><div id="a51721" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:16px;">9,736</div><div id="a51724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:16px;">18,482</div><div id="a51727" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:16px;">19,571</div><div id="a51729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Natural gas </div><div id="a51732" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:32.2px;">6,427</div><div id="a51735" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:32.2px;">8,715</div><div id="a51738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:32.2px;">10,720</div><div id="a51740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">Natural gas liquids </div><div id="a51743" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:48.2px;">528</div><div id="a51746" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:48.2px;">814</div><div id="a51749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:48.2px;">1,114</div><div id="a51751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">Other* </div><div id="a51754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:64.3px;">2,093</div><div id="a51757" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:64.3px;">4,556</div><div id="a51760" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:64.3px;">5,012</div><div id="a51762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.1px;">Consolidated sales and other operating revenues<div style="display:inline-block;width:2.18px"> </div>by product </div><div id="a51764" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:81.1px;">$ </div><div id="a51766" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:81.1px;">18,784</div><div id="a51769" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:81.1px;">32,567</div><div id="a51772" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:81.1px;">36,417</div><div id="a51774" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:100.2px;">*Includes LNG and bitumen.</div></div></div></div><div id="TextBlockContainer1028" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:277px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1026_XBRL_CS_050dd34b124443c2b2785da04ef67088" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1027" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:277px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51780" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Geographic Information </div><div id="a51798" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:341.555px;top:30.1px;">Millions of Dollars </div><div id="a51802" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:172.248px;top:48.6px;">Sales and Other Operating Revenues</div><div id="a51804" style="position:absolute;font-family:'Times New Roman';font-size:6.72px;font-weight:normal;font-style:normal;left:378.515px;top:51.3px;">(1)</div><div id="a51807" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:461.395px;top:48.6px;">Long-Lived Assets</div><div id="a51810" style="position:absolute;font-family:'Times New Roman';font-size:6.72px;font-weight:normal;font-style:normal;left:568.475px;top:51.3px;">(2)</div><div id="a51815" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:211.768px;top:65.4px;">2020 </div><div id="a51818" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:290.808px;top:65.4px;">2019 </div><div id="a51821" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:369.715px;top:65.4px;">2018 </div><div id="a51824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.795px;top:65.4px;">2020 </div><div id="a51827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.875px;top:65.4px;">2019 </div><div id="a51830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:65.4px;">2018 </div><div id="a51847" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:98.2px;">United States </div><div id="a51849" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:160.688px;top:98.2px;">$ </div><div id="a51851" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:197.208px;top:98.2px;">13,230</div><div id="a51854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:276.248px;top:98.2px;">21,159</div><div id="a51857" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:355.155px;top:98.2px;">22,740</div><div id="a51860" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:429.235px;top:98.2px;">24,034</div><div id="a51863" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.275px;top:98.2px;">26,566</div><div id="a51866" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:98.2px;">26,838</div><div id="a51869" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:4.693px;top:115.3px;">Australia and Timor-Leste </div><div id="a51874" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:114.4px;">605</div><div id="a51877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:114.4px;">1,647</div><div id="a51880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:114.4px;">1,798</div><div id="a51883" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:114.4px;">6,676</div><div id="a51886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:114.4px;">7,228</div><div id="a51889" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:114.4px;">9,301</div><div id="a51892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:130.4px;">Canada </div><div id="a51895" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:204.248px;top:130.4px;">1,261</div><div id="a51898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:130.4px;">1,769</div><div id="a51901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:130.4px;">2,024</div><div id="a51904" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:130.4px;">6,385</div><div id="a51907" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:130.4px;">5,769</div><div id="a51910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:130.4px;">5,333</div><div id="a51913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:146.6px;">China </div><div id="a51916" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:146.6px;">460</div><div id="a51919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:293.848px;top:146.6px;">772</div><div id="a51922" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:372.755px;top:146.6px;">836</div><div id="a51925" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:146.6px;">1,491</div><div id="a51928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:146.6px;">1,447</div><div id="a51931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:146.6px;">1,380</div><div id="a51934" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:162.7px;">Indonesia </div><div id="a51937" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:162.7px;">689</div><div id="a51940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:293.848px;top:162.7px;">875</div><div id="a51943" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:372.755px;top:162.7px;">886</div><div id="a51946" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.835px;top:162.7px;">464</div><div id="a51949" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.915px;top:162.7px;">605</div><div id="a51952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:162.7px;">669</div><div id="a51955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:178.7px;">Libya </div><div id="a51958" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:178.7px;">155</div><div id="a51961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:178.7px;">1,103</div><div id="a51964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:178.7px;">1,142</div><div id="a51967" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.835px;top:178.7px;">670</div><div id="a51970" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.915px;top:178.7px;">668</div><div id="a51973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:178.7px;">679</div><div id="a51976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:194.9px;">Malaysia </div><div id="a51979" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:194.9px;">610</div><div id="a51982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:194.9px;">1,230</div><div id="a51985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:194.9px;">1,346</div><div id="a51988" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:194.9px;">1,501</div><div id="a51991" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:194.9px;">1,871</div><div id="a51994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:194.9px;">2,327</div><div id="a51997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:211.1px;">Norway </div><div id="a52000" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:204.248px;top:211.1px;">1,426</div><div id="a52003" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:211.1px;">2,349</div><div id="a52006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:211.1px;">2,886</div><div id="a52009" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:211.1px;">5,294</div><div id="a52012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:211.1px;">5,258</div><div id="a52015" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:211.1px;">5,582</div><div id="a52018" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.1px;">United Kingdom </div><div id="a52021" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:227.1px;">336</div><div id="a52024" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:227.1px;">1,649</div><div id="a52027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:227.1px;">2,606</div><div id="a52030" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:460.755px;top:227.1px;">1</div><div id="a52033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:227.1px;">2</div><div id="a52036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:227.1px;">1,583</div><div id="a52039" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:243.2px;">Other foreign countries </div><div id="a52042" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:221.688px;top:243.2px;">12</div><div id="a52045" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:300.728px;top:243.2px;">14</div><div id="a52048" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:372.755px;top:243.2px;">153</div><div id="a52051" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:243.2px;">1,087</div><div id="a52054" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:243.2px;">1,308</div><div id="a52057" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:243.2px;">1,346</div><div id="a52060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:260px;">Worldwide consolidated </div><div id="a52062" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:160.688px;top:260px;">$ </div><div id="a52064" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:197.208px;top:260px;">18,784</div><div id="a52067" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:276.248px;top:260px;">32,567</div><div id="a52070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:355.155px;top:260px;">36,417</div><div id="a52073" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:429.235px;top:260px;">47,603</div><div id="a52076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.275px;top:260px;">50,722</div><div id="a52079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:260px;">55,038</div></div></div></div><div id="TextBlockContainer1030" style="position:relative;font-family:'Times New Roman';font-size:10.72px;color:#000000;line-height:normal;width:499px;height:25px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a52082" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:0px;">(1) Sales and other operating revenues are attributable to countries based on the location of<div style="display:inline-block;width:1.29px"> </div>the selling operation. </div><div id="a52086" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:italic;left:3.573px;top:12.3px;">(2) Defined as net PP&amp;E plus equity investments and advances<div style="display:inline-block;width:1.27px"> </div>to affiliated companies.</div></div> <div id="TextBlockContainer988" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_986_XBRL_CS_14170972a34b4c8cae696cb7b7f3b836" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer987" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:640px;height:397px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50630" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Analysis of Results by Operating Segment </div><div id="a50649" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:468.435px;top:32.2px;">Millions of Dollars </div><div id="a50654" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:461.555px;top:49px;">2020 </div><div id="a50657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.155px;top:49px;">2019 </div><div id="a50660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:602.715px;top:49px;">2018 </div><div id="a50662" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:67.5px;">Sales and Other Operating Revenues </div><div id="a50670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:83.5px;">Alaska </div><div id="a50672" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.555px;top:83.5px;">$ </div><div id="a50674" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:83.5px;">3,408</div><div id="a50677" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:83.5px;">5,483</div><div id="a50680" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:83.5px;">5,740</div><div id="a50682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:99.7px;">Intersegment eliminations </div><div id="a50685" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.195px;top:99.7px;display:flex;">(11)</div><div id="a50688" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.515px;top:99.7px;">-</div><div id="a50691" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:622.075px;top:99.7px;">-</div><div id="a50693" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:116.5px;">Alaska </div><div id="a50696" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:116.5px;">3,397</div><div id="a50699" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:116.5px;">5,483</div><div id="a50702" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:116.5px;">5,740</div><div id="a50704" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:132.5px;">Lower 48 </div><div id="a50707" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:132.5px;">9,872</div><div id="a50710" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.595px;top:132.5px;">15,514</div><div id="a50713" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:132.5px;">17,029</div><div id="a50715" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:148.7px;">Intersegment eliminations </div><div id="a50718" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:466.195px;top:148.7px;display:flex;">(51)</div><div id="a50721" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:536.795px;top:148.7px;display:flex;">(46)</div><div id="a50724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:607.355px;top:148.7px;display:flex;">(40)</div><div id="a50727" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:15.093px;top:165.5px;">Lower 48 </div><div id="a50730" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:165.5px;">9,821</div><div id="a50733" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.595px;top:165.5px;">15,468</div><div id="a50736" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:165.5px;">16,989</div><div id="a50738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:181.5px;">Canada </div><div id="a50741" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:181.5px;">1,666</div><div id="a50744" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:181.5px;">2,910</div><div id="a50747" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:181.5px;">3,184</div><div id="a50749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:197.6px;">Intersegment eliminations </div><div id="a50752" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:197.6px;display:flex;">(405)</div><div id="a50755" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:519.355px;top:197.6px;display:flex;">(1,141)</div><div id="a50758" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:589.915px;top:197.6px;display:flex;">(1,160)</div><div id="a50761" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:15.093px;top:214.4px;">Canada </div><div id="a50764" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:214.4px;">1,261</div><div id="a50767" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:214.4px;">1,769</div><div id="a50770" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:214.4px;">2,024</div><div id="a50772" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:230.4px;">Europe, Middle East and North Africa </div><div id="a50775" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:230.4px;">1,919</div><div id="a50778" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:230.4px;">5,101</div><div id="a50781" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:230.4px;">6,635</div><div id="a50783" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:246.6px;">Intersegment eliminations </div><div id="a50786" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:473.235px;top:246.6px;display:flex;">(2)</div><div id="a50789" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.515px;top:246.6px;">-</div><div id="a50792" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:622.075px;top:246.6px;">-</div><div id="a50794" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:13.653px;top:263.4px;">Europe, Middle East and North Africa </div><div id="a50797" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:263.4px;">1,917</div><div id="a50800" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:263.4px;">5,101</div><div id="a50803" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:263.4px;">6,635</div><div id="a50805" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:279.4px;">Asia Pacific </div><div id="a50808" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:454.035px;top:279.4px;">2,363</div><div id="a50811" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.635px;top:279.4px;">4,525</div><div id="a50814" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:595.195px;top:279.4px;">4,861</div><div id="a50816" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:295.6px;">Other International </div><div id="a50819" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:478.515px;top:295.6px;">7</div><div id="a50822" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:551.515px;top:295.6px;">-</div><div id="a50825" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:622.075px;top:295.6px;">-</div><div id="a50827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:311.7px;">Corporate and Other </div><div id="a50830" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:471.475px;top:311.7px;">18</div><div id="a50833" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:535.195px;top:311.7px;">221</div><div id="a50836" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:605.755px;top:311.7px;">168</div><div id="a50838" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:328.4px;">Consolidated sales and other operating revenues </div><div id="a50841" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:413.555px;top:328.4px;">$ </div><div id="a50843" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.995px;top:328.4px;">18,784</div><div id="a50846" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.595px;top:328.4px;">32,567</div><div id="a50849" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:588.155px;top:328.4px;">36,417</div><div id="a50859" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:363.6px;">The market for our products is large and diverse, therefore,<div style="display:inline-block;width:1.95px"> </div>our sales and other operating revenues are not </div><div id="a50860" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:379.7px;">dependent upon any single customer.</div></div></div></div> 3408000000 5483000000 5740000000 -11000000 0 0 3397000000 5483000000 5740000000 9872000000 15514000000 17029000000 -51000000 -46000000 -40000000 9821000000 15468000000 16989000000 1666000000 2910000000 3184000000 -405000000 -1141000000 -1160000000 1261000000 1769000000 2024000000 1919000000 5101000000 6635000000 -2000000 0 0 1917000000 5101000000 6635000000 2363000000 4525000000 4861000000 7000000 0 0 18000000 221000000 168000000 18784000000 32567000000 36417000000 <div id="TextBlockContainer992" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_990_XBRL_CS_13050fd5f2a94cfd9a2aeb711045d229" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer991" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:179px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50868" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.995px;top:0px;">Millions of Dollars </div><div id="a50872" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:448.115px;top:18.6px;">2020 </div><div id="a50874" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:524.955px;top:18.6px;">2019 </div><div id="a50876" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:18.6px;">2018 </div><div id="a50878" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:32.5px;">Depreciation, Depletion, Amortization and Impairments </div><div id="a50886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.7px;">Alaska </div><div id="a50888" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.795px;top:48.7px;">$ </div><div id="a50890" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:48.7px;">996</div><div id="a50893" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:48.7px;">805</div><div id="a50896" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:48.7px;">760</div><div id="a50898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.7px;">Lower 48 </div><div id="a50901" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.755px;top:64.7px;">3,358</div><div id="a50904" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:64.7px;">3,224</div><div id="a50907" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:64.7px;">2,370</div><div id="a50909" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.8px;">Canada </div><div id="a50912" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:80.8px;">342</div><div id="a50915" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:80.8px;">232</div><div id="a50918" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:80.8px;">324</div><div id="a50920" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:97px;">Europe, Middle East and North Africa </div><div id="a50923" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:97px;">775</div><div id="a50926" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:527.995px;top:97px;">887</div><div id="a50929" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:97px;">1,041</div><div id="a50931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:113px;">Asia Pacific </div><div id="a50934" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:113px;">809</div><div id="a50937" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:113px;">1,285</div><div id="a50940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:113px;">1,382</div><div id="a50942" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.1px;">Other International </div><div id="a50946" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:467.635px;top:129.1px;">-</div><div id="a50949" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:544.315px;top:129.1px;">-</div><div id="a50952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:129.1px;">-</div><div id="a50954" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145.1px;">Corporate and Other </div><div id="a50957" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:458.195px;top:145.1px;">54</div><div id="a50960" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:145.1px;">62</div><div id="a50963" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:145.1px;">106</div><div id="a50965" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161.9px;">Consolidated depreciation, depletion, amortization<div style="display:inline-block;width:2px"> </div>and impairments </div><div id="a50967" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:387.795px;top:161.9px;">$ </div><div id="a50969" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:440.755px;top:161.9px;">6,334</div><div id="a50972" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:517.435px;top:161.9px;">6,495</div><div id="a50975" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:161.9px;">5,983</div></div></div></div> 996000000 805000000 760000000 3358000000 3224000000 2370000000 342000000 232000000 324000000 775000000 887000000 1041000000 809000000 1285000000 1382000000 0 0 0 54000000 62000000 106000000 6334000000 6334000000 6495000000 6495000000 5983000000 5983000000 <div id="TextBlockContainer995" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:148px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a50978" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Equity in Earnings of Affiliates </div><div id="a50985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Alaska </div><div id="a50987" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16.2px;">$ </div><div id="a50989" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.475px;top:16.2px;display:flex;">(7)</div><div id="a50992" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:16.2px;">7</div><div id="a50995" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:16.2px;">6</div><div id="a50997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.4px;">Lower 48 </div><div id="a51000" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:32.4px;display:flex;">(11)</div><div id="a51003" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:32.4px;display:flex;">(159)</div><div id="a51006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:32.4px;">1</div><div id="a51008" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.4px;">Canada </div><div id="a51011" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:48.4px;">-</div><div id="a51014" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:48.4px;">-</div><div id="a51017" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:48.4px;">-</div><div id="a51019" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">Europe, Middle East and North Africa </div><div id="a51022" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:64.5px;">311</div><div id="a51025" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:64.5px;">470</div><div id="a51028" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:64.5px;">744</div><div id="a51030" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.7px;">Asia Pacific </div><div id="a51033" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:80.7px;">137</div><div id="a51036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:80.7px;">461</div><div id="a51039" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:80.7px;">323</div><div id="a51041" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">Other International </div><div id="a51044" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:456.755px;top:96.7px;">2</div><div id="a51047" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:96.7px;">-</div><div id="a51050" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:96.7px;">-</div><div id="a51052" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.8px;">Corporate and Other </div><div id="a51055" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:112.8px;">-</div><div id="a51058" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:112.8px;">-</div><div id="a51061" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:112.8px;">-</div><div id="a51063" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:131.4px;">Consolidated equity in earnings of affiliates </div><div id="a51065" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:131.4px;">$ </div><div id="a51067" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:131.4px;">432</div><div id="a51070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:131.4px;">779</div><div id="a51073" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:131.4px;">1,074</div></div> -7000000 7000000 6000000 -11000000 -159000000 1000000 0 0 0 311000000 470000000 744000000 137000000 461000000 323000000 2000000 0 0 0 0 0 432000000 432000000 779000000 779000000 1074000000 1074000000 <div id="TextBlockContainer1000" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:159px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_998_XBRL_CS_16819b554b634280bd832f3fdfe7e6e7" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer999" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:159px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51076" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Income Tax Provision (Benefit) </div><div id="a51084" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:17.9px;">Alaska </div><div id="a51086" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:17.9px;">$ </div><div id="a51088" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:17.9px;display:flex;">(256)</div><div id="a51091" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:17.9px;">472</div><div id="a51094" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:17.9px;">376</div><div id="a51096" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:34.1px;">Lower 48 </div><div id="a51099" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:35.8px;display:flex;">(378)</div><div id="a51102" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:35.8px;">137</div><div id="a51105" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:35.8px;">474</div><div id="a51107" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:51.8px;">Canada </div><div id="a51110" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:53.8px;display:flex;">(185)</div><div id="a51113" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.595px;top:53.8px;display:flex;">(43)</div><div id="a51116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.555px;top:53.8px;display:flex;">(96)</div><div id="a51118" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:69.8px;">Europe, Middle East and North Africa </div><div id="a51121" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:71.7px;">136</div><div id="a51124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:71.7px;">1,425</div><div id="a51127" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:71.7px;">2,259</div><div id="a51129" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:87.7px;">Asia Pacific </div><div id="a51132" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:89.6px;">294</div><div id="a51135" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:89.6px;">501</div><div id="a51138" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:89.6px;">728</div><div id="a51140" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.6px;">Other International </div><div id="a51143" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:107.4px;display:flex;">(20)</div><div id="a51146" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:107.4px;">8</div><div id="a51149" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:107.4px;">30</div><div id="a51151" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:123.5px;">Corporate and Other </div><div id="a51154" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:125.3px;display:flex;">(76)</div><div id="a51157" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:125.3px;display:flex;">(233)</div><div id="a51160" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:125.3px;display:flex;">(103)</div><div id="a51162" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:142.1px;">Consolidated income tax provision (benefit) </div><div id="a51164" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:142.1px;">$ </div><div id="a51166" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:142.1px;display:flex;">(485)</div><div id="a51169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:142.1px;">2,267</div><div id="a51172" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:142.1px;">3,668</div></div></div></div> -256000000 472000000 376000000 -378000000 137000000 474000000 -185000000 -43000000 -96000000 136000000 1425000000 2259000000 294000000 501000000 728000000 -20000000 8000000 30000000 -76000000 -233000000 -103000000 -485000000 2267000000 3668000000 <div id="TextBlockContainer1004" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1002_XBRL_CS_3f186757e673451fa401762bcaf89c43" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1003" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:161px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51175" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Net Income (Loss) Attributable to ConocoPhillips </div><div id="a51183" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:17.9px;">Alaska </div><div id="a51185" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:17.9px;">$ </div><div id="a51187" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:19.7px;display:flex;">(719)</div><div id="a51190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:19.7px;">1,520</div><div id="a51193" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:19.7px;">1,814</div><div id="a51195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:35.8px;">Lower 48 </div><div id="a51198" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:426.995px;top:37.6px;display:flex;">(1,122)</div><div id="a51201" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:37.6px;">436</div><div id="a51204" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:37.6px;">1,747</div><div id="a51206" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:53.8px;">Canada </div><div id="a51209" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:55.5px;display:flex;">(326)</div><div id="a51212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:55.5px;">279</div><div id="a51215" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:55.5px;">63</div><div id="a51217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:71.7px;">Europe, Middle East and North Africa </div><div id="a51220" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:73.4px;">448</div><div id="a51223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:73.4px;">3,170</div><div id="a51226" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:73.4px;">2,594</div><div id="a51228" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:89.6px;">Asia Pacific </div><div id="a51231" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:91.4px;">962</div><div id="a51234" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:91.4px;">1,483</div><div id="a51237" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:91.4px;">1,342</div><div id="a51239" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:107.5px;">Other International </div><div id="a51242" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.435px;top:109.3px;display:flex;">(64)</div><div id="a51245" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:109.3px;">263</div><div id="a51248" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:109.3px;">364</div><div id="a51250" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:125.4px;">Corporate and Other </div><div id="a51253" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:426.995px;top:127.2px;display:flex;">(1,880)</div><div id="a51256" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:127.2px;">38</div><div id="a51259" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:589.115px;top:127.2px;display:flex;">(1,667)</div><div id="a51261" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:144px;">Consolidated net income (loss) attributable<div style="display:inline-block;width:2.05px"> </div>to ConocoPhillips </div><div id="a51263" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:144px;">$ </div><div id="a51265" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:426.995px;top:144px;display:flex;">(2,701)</div><div id="a51268" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:144px;">7,189</div><div id="a51271" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:144px;">6,257</div></div></div></div> -719000000 1520000000 1814000000 -1122000000 436000000 1747000000 -326000000 279000000 63000000 448000000 3170000000 2594000000 962000000 1483000000 1342000000 -64000000 263000000 364000000 -1880000000 38000000 -1667000000 -2701000000 7189000000 6257000000 <div id="TextBlockContainer1008" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:177px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="div_1006_XBRL_CS_a0d4d6dcd5534b4bae80c1b34c75410c" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer1007" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:177px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51278" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:454.675px;top:0px;">Millions of Dollars </div><div id="a51281" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:439.795px;top:15.7px;">2020 </div><div id="a51283" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:520.795px;top:15.7px;">2019 </div><div id="a51285" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:15.7px;">2018 </div><div id="a51287" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:30.6px;">Investments in and Advances to Affiliates </div><div id="a51295" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:46.7px;">Alaska </div><div id="a51297" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:46.7px;">$ </div><div id="a51299" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:46.7px;">62</div><div id="a51302" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:46.7px;">83</div><div id="a51305" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:46.7px;">86</div><div id="a51307" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:62.9px;">Lower 48 </div><div id="a51310" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:62.9px;">25</div><div id="a51313" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:62.9px;">35</div><div id="a51316" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:62.9px;">378</div><div id="a51318" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:78.9px;">Canada </div><div id="a51321" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:78.9px;">-</div><div id="a51324" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:78.9px;">-</div><div id="a51327" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:78.9px;">-</div><div id="a51329" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:95.1px;">Europe, Middle East and North Africa </div><div id="a51332" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:95.1px;">918</div><div id="a51335" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:95.1px;">1,070</div><div id="a51338" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:95.1px;">1,311</div><div id="a51340" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:111.1px;">Asia Pacific </div><div id="a51343" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:111.1px;">6,705</div><div id="a51346" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:111.1px;">7,265</div><div id="a51349" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:111.1px;">7,565</div><div id="a51351" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:127.2px;">Other International </div><div id="a51354" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:127.2px;">-</div><div id="a51357" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:127.2px;">-</div><div id="a51360" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:127.2px;">-</div><div id="a51362" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:143.4px;">Corporate and Other </div><div id="a51365" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:459.155px;top:143.4px;">-</div><div id="a51368" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:540.315px;top:143.4px;">-</div><div id="a51371" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:621.275px;top:143.4px;">-</div><div id="a51373" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:160px;">Consolidated investments in and advances to affiliates </div><div id="a51375" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:160px;">$ </div><div id="a51377" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:160px;">7,710</div><div id="a51380" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:160px;">8,453</div><div id="a51383" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:160px;">9,340</div></div></div></div> 62000000 83000000 86000000 25000000 35000000 378000000 0 0 0 918000000 1070000000 1311000000 6705000000 7265000000 7565000000 0 0 0 0 0 0 7710000000 8453000000 9340000000 <div id="TextBlockContainer1011" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:159px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51386" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Total Assets </div><div id="a51394" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Alaska </div><div id="a51396" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16px;">$ </div><div id="a51398" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:16px;">14,623</div><div id="a51401" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:16px;">15,453</div><div id="a51404" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:16px;">14,648</div><div id="a51406" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:34px;">Lower 48 </div><div id="a51409" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:34px;">11,932</div><div id="a51412" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:34px;">14,425</div><div id="a51415" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:34px;">14,888</div><div id="a51417" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:51.9px;">Canada </div><div id="a51420" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:51.9px;">6,863</div><div id="a51423" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:51.9px;">6,350</div><div id="a51426" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:51.9px;">5,748</div><div id="a51428" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:69.8px;">Europe, Middle East and North Africa </div><div id="a51431" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:69.8px;">8,756</div><div id="a51434" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:69.8px;">9,269</div><div id="a51437" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:69.8px;">11,276</div><div id="a51439" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:87.7px;">Asia Pacific </div><div id="a51442" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:87.7px;">11,231</div><div id="a51445" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:87.7px;">13,568</div><div id="a51448" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:87.7px;">14,758</div><div id="a51450" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:105.6px;">Other International </div><div id="a51453" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:105.6px;">226</div><div id="a51456" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:105.6px;">285</div><div id="a51459" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:611.835px;top:105.6px;">89</div><div id="a51461" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:123.6px;">Corporate and Other </div><div id="a51464" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:123.6px;">8,987</div><div id="a51467" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:123.6px;">11,164</div><div id="a51470" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:123.6px;">8,573</div><div id="a51472" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:142.1px;">Consolidated total assets </div><div id="a51474" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:142.1px;">$ </div><div id="a51476" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:142.1px;">62,618</div><div id="a51479" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:142.1px;">70,514</div><div id="a51482" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:142.1px;">69,980</div></div> 14623000000 15453000000 14648000000 11932000000 14425000000 14888000000 6863000000 6350000000 5748000000 8756000000 9269000000 11276000000 11231000000 13568000000 14758000000 226000000 285000000 89000000 8987000000 11164000000 8573000000 62618000000 70514000000 69980000000 <div id="TextBlockContainer1015" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:146px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51485" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Capital Expenditures and Investments </div><div id="a51493" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Alaska </div><div id="a51495" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16.2px;">$ </div><div id="a51497" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:16.2px;">1,038</div><div id="a51500" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:16.2px;">1,513</div><div id="a51503" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:16.2px;">1,298</div><div id="a51505" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Lower 48 </div><div id="a51508" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:32.2px;">1,881</div><div id="a51511" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:32.2px;">3,394</div><div id="a51514" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:32.2px;">3,184</div><div id="a51516" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">Canada </div><div id="a51519" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:48.3px;">651</div><div id="a51522" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:48.3px;">368</div><div id="a51525" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:48.3px;">477</div><div id="a51527" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">Europe, Middle East and North Africa </div><div id="a51530" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:64.5px;">600</div><div id="a51533" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:64.5px;">708</div><div id="a51536" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:64.5px;">877</div><div id="a51538" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">Asia Pacific </div><div id="a51541" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:80.5px;">384</div><div id="a51544" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:80.5px;">584</div><div id="a51547" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:80.5px;">718</div><div id="a51549" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">Other International </div><div id="a51552" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:96.7px;">121</div><div id="a51555" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:537.915px;top:96.7px;">8</div><div id="a51558" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:618.875px;top:96.7px;">6</div><div id="a51560" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">Corporate and Other </div><div id="a51563" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:449.715px;top:112.7px;">40</div><div id="a51566" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:530.875px;top:112.7px;">61</div><div id="a51569" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.955px;top:112.7px;">190</div><div id="a51571" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:129.5px;">Consolidated capital expenditures and investments </div><div id="a51574" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:129.5px;">$ </div><div id="a51576" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:129.5px;">4,715</div><div id="a51579" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:129.5px;">6,636</div><div id="a51582" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:129.5px;">6,750</div></div> 1038000000 1513000000 1298000000 1881000000 3394000000 3184000000 651000000 368000000 477000000 600000000 708000000 877000000 384000000 584000000 718000000 121000000 8000000 6000000 40000000 61000000 190000000 4715000000 6636000000 6750000000 <div id="TextBlockContainer1019" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:630px;height:185px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51585" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Interest Income and Expense </div><div id="a51593" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">Interest income </div><div id="a51602" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:32.3px;">Alaska </div><div id="a51604" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:32.3px;">$ </div><div id="a51606" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:32.3px;">-</div><div id="a51609" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:32.3px;">-</div><div id="a51612" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:32.3px;">-</div><div id="a51615" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:48.3px;">Lower 48<div style="display:inline-block;width:3.25px"> </div></div><div id="a51618" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:48.3px;">-</div><div id="a51621" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:48.3px;">-</div><div id="a51624" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:48.3px;">-</div><div id="a51627" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:64.5px;">Canada </div><div id="a51630" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:64.5px;">-</div><div id="a51633" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:64.5px;">-</div><div id="a51636" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:64.5px;">-</div><div id="a51639" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:80.5px;">Europe, Middle East and North Africa </div><div id="a51642" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:80.5px;">5</div><div id="a51645" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.435px;top:80.5px;">11</div><div id="a51648" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:80.5px;">12</div><div id="a51651" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:98.4px;">Asia Pacific </div><div id="a51654" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:451.315px;top:98.4px;">7</div><div id="a51657" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:532.475px;top:98.4px;">6</div><div id="a51660" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:613.435px;top:98.4px;">5</div><div id="a51663" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:116.3px;">Other International </div><div id="a51667" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:453.715px;top:116.3px;">-</div><div id="a51670" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:534.875px;top:116.3px;">-</div><div id="a51673" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:615.835px;top:116.3px;">-</div><div id="a51676" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:134.2px;">Corporate and Other </div><div id="a51679" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:444.275px;top:134.2px;">88</div><div id="a51682" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:134.2px;">149</div><div id="a51685" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:606.395px;top:134.2px;">80</div><div id="a51687" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:152.2px;">Interest and debt expense </div><div id="a51696" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:14.773px;top:168.4px;">Corporate and Other </div><div id="a51698" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:168.4px;">$ </div><div id="a51700" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:437.395px;top:168.4px;">806</div><div id="a51703" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:518.555px;top:168.4px;">778</div><div id="a51706" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:599.515px;top:168.4px;">735</div></div> 0 0 0 0 0 0 0 0 0 5000000 11000000 12000000 7000000 6000000 5000000 0 0 0 88000000 149000000 80000000 806000000 778000000 735000000 <div id="TextBlockContainer1023" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:113px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51709" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Sales and Other Operating Revenues by<div style="display:inline-block;width:2.18px"> </div>Product </div><div id="a51717" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">Crude oil<div style="display:inline-block;width:3.2px"> </div></div><div id="a51719" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:16px;">$ </div><div id="a51721" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:16px;">9,736</div><div id="a51724" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:16px;">18,482</div><div id="a51727" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:16px;">19,571</div><div id="a51729" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">Natural gas </div><div id="a51732" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:32.2px;">6,427</div><div id="a51735" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:32.2px;">8,715</div><div id="a51738" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:32.2px;">10,720</div><div id="a51740" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">Natural gas liquids </div><div id="a51743" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:442.835px;top:48.2px;">528</div><div id="a51746" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:523.995px;top:48.2px;">814</div><div id="a51749" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:48.2px;">1,114</div><div id="a51751" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.3px;">Other* </div><div id="a51754" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:432.275px;top:64.3px;">2,093</div><div id="a51757" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:513.435px;top:64.3px;">4,556</div><div id="a51760" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:64.3px;">5,012</div><div id="a51762" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.1px;">Consolidated sales and other operating revenues<div style="display:inline-block;width:2.18px"> </div>by product </div><div id="a51764" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:386.835px;top:81.1px;">$ </div><div id="a51766" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:425.235px;top:81.1px;">18,784</div><div id="a51769" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:506.355px;top:81.1px;">32,567</div><div id="a51772" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.355px;top:81.1px;">36,417</div><div id="a51774" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:100.2px;">*Includes LNG and bitumen.</div></div> 9736000000 18482000000 19571000000 6427000000 8715000000 10720000000 528000000 814000000 1114000000 2093000000 4556000000 5012000000 18784000000 32567000000 36417000000 <div id="TextBlockContainer1027" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:639px;height:277px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a51780" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Geographic Information </div><div id="a51798" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:341.555px;top:30.1px;">Millions of Dollars </div><div id="a51802" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:172.248px;top:48.6px;">Sales and Other Operating Revenues</div><div id="a51804" style="position:absolute;font-family:'Times New Roman';font-size:6.72px;font-weight:normal;font-style:normal;left:378.515px;top:51.3px;">(1)</div><div id="a51807" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:461.395px;top:48.6px;">Long-Lived Assets</div><div id="a51810" style="position:absolute;font-family:'Times New Roman';font-size:6.72px;font-weight:normal;font-style:normal;left:568.475px;top:51.3px;">(2)</div><div id="a51815" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:211.768px;top:65.4px;">2020 </div><div id="a51818" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:290.808px;top:65.4px;">2019 </div><div id="a51821" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:369.715px;top:65.4px;">2018 </div><div id="a51824" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:443.795px;top:65.4px;">2020 </div><div id="a51827" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:522.875px;top:65.4px;">2019 </div><div id="a51830" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.755px;top:65.4px;">2018 </div><div id="a51847" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:98.2px;">United States </div><div id="a51849" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:160.688px;top:98.2px;">$ </div><div id="a51851" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:197.208px;top:98.2px;">13,230</div><div id="a51854" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:276.248px;top:98.2px;">21,159</div><div id="a51857" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:355.155px;top:98.2px;">22,740</div><div id="a51860" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:429.235px;top:98.2px;">24,034</div><div id="a51863" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.275px;top:98.2px;">26,566</div><div id="a51866" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:98.2px;">26,838</div><div id="a51869" style="position:absolute;font-family:'Times New Roman';font-size:13.28px;font-weight:normal;font-style:normal;left:4.693px;top:115.3px;">Australia and Timor-Leste </div><div id="a51874" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:114.4px;">605</div><div id="a51877" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:114.4px;">1,647</div><div id="a51880" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:114.4px;">1,798</div><div id="a51883" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:114.4px;">6,676</div><div id="a51886" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:114.4px;">7,228</div><div id="a51889" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:114.4px;">9,301</div><div id="a51892" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:130.4px;">Canada </div><div id="a51895" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:204.248px;top:130.4px;">1,261</div><div id="a51898" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:130.4px;">1,769</div><div id="a51901" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:130.4px;">2,024</div><div id="a51904" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:130.4px;">6,385</div><div id="a51907" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:130.4px;">5,769</div><div id="a51910" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:130.4px;">5,333</div><div id="a51913" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:146.6px;">China </div><div id="a51916" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:146.6px;">460</div><div id="a51919" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:293.848px;top:146.6px;">772</div><div id="a51922" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:372.755px;top:146.6px;">836</div><div id="a51925" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:146.6px;">1,491</div><div id="a51928" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:146.6px;">1,447</div><div id="a51931" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:146.6px;">1,380</div><div id="a51934" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:162.7px;">Indonesia </div><div id="a51937" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:162.7px;">689</div><div id="a51940" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:293.848px;top:162.7px;">875</div><div id="a51943" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:372.755px;top:162.7px;">886</div><div id="a51946" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.835px;top:162.7px;">464</div><div id="a51949" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.915px;top:162.7px;">605</div><div id="a51952" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:162.7px;">669</div><div id="a51955" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:178.7px;">Libya </div><div id="a51958" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:178.7px;">155</div><div id="a51961" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:178.7px;">1,103</div><div id="a51964" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:178.7px;">1,142</div><div id="a51967" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:446.835px;top:178.7px;">670</div><div id="a51970" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:525.915px;top:178.7px;">668</div><div id="a51973" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:604.795px;top:178.7px;">679</div><div id="a51976" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:194.9px;">Malaysia </div><div id="a51979" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:194.9px;">610</div><div id="a51982" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:194.9px;">1,230</div><div id="a51985" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:194.9px;">1,346</div><div id="a51988" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:194.9px;">1,501</div><div id="a51991" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:194.9px;">1,871</div><div id="a51994" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:194.9px;">2,327</div><div id="a51997" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:211.1px;">Norway </div><div id="a52000" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:204.248px;top:211.1px;">1,426</div><div id="a52003" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:211.1px;">2,349</div><div id="a52006" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:211.1px;">2,886</div><div id="a52009" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:211.1px;">5,294</div><div id="a52012" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:211.1px;">5,258</div><div id="a52015" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:211.1px;">5,582</div><div id="a52018" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:227.1px;">United Kingdom </div><div id="a52021" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:214.808px;top:227.1px;">336</div><div id="a52024" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:283.288px;top:227.1px;">1,649</div><div id="a52027" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:362.195px;top:227.1px;">2,606</div><div id="a52030" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:460.755px;top:227.1px;">1</div><div id="a52033" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:539.835px;top:227.1px;">2</div><div id="a52036" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:227.1px;">1,583</div><div id="a52039" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:243.2px;">Other foreign countries </div><div id="a52042" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:221.688px;top:243.2px;">12</div><div id="a52045" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:300.728px;top:243.2px;">14</div><div id="a52048" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:372.755px;top:243.2px;">153</div><div id="a52051" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:436.275px;top:243.2px;">1,087</div><div id="a52054" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:515.355px;top:243.2px;">1,308</div><div id="a52057" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.235px;top:243.2px;">1,346</div><div id="a52060" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:260px;">Worldwide consolidated </div><div id="a52062" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:160.688px;top:260px;">$ </div><div id="a52064" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:197.208px;top:260px;">18,784</div><div id="a52067" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:276.248px;top:260px;">32,567</div><div id="a52070" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:355.155px;top:260px;">36,417</div><div id="a52073" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:429.235px;top:260px;">47,603</div><div id="a52076" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:508.275px;top:260px;">50,722</div><div id="a52079" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:587.195px;top:260px;">55,038</div></div> 13230000000 21159000000 22740000000 24034000000 26566000000 26838000000 605000000 1647000000 1798000000 6676000000 7228000000 9301000000 1261000000 1769000000 2024000000 6385000000 5769000000 5333000000 460000000 772000000 836000000 1491000000 1447000000 1380000000 689000000 875000000 886000000 464000000 605000000 669000000 155000000 1103000000 1142000000 670000000 668000000 679000000 610000000 1230000000 1346000000 1501000000 1871000000 2327000000 1426000000 2349000000 2886000000 5294000000 5258000000 5582000000 336000000 1649000000 2606000000 1000000 2000000 1583000000 12000000 14000000 153000000 1087000000 1308000000 1346000000 18784000000 32567000000 36417000000 47603000000 50722000000 55038000000 <div id="TextBlockContainer1032" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:642px;height:258px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a52093" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Note 25—Acquisition of Concho Resources Inc.<div style="display:inline-block;width:2.13px"> </div></div><div id="a52097" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;"> </div><div id="a52098" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">On </div><div id="a52098_3_16" style="position:absolute;font-family:'Times New Roman';left:25.333px;top:32.2px;">October 18, 2020</div><div id="a52098_19_89" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:123.093px;top:32.2px;">, we entered into a definitive agreement<div style="display:inline-block;width:2.06px"> </div>to acquire Concho in an all-stock transaction.<div style="display:inline-block;width:2.18px"> </div></div><div id="a52101" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.3px;">The transaction closed on January 15, 2021<div style="display:inline-block;width:2.18px"> </div>and as defined under the terms of the transaction<div style="display:inline-block;width:1.88px"> </div>agreement, each </div><div id="a52104" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:64.5px;">share of Concho common stock was exchanged<div style="display:inline-block;width:2.16px"> </div>at a fixed ratio of </div><div id="a52104_63_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:374.134px;top:64.5px;">1.46</div><div id="a52104_67_37" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:398.774px;top:64.5px;"><div style="display:inline-block;width:3.58px"> </div>for shares of ConocoPhillips common </div><div id="a52107" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:80.5px;">stock, for total consideration of $</div><div id="a52107_35_4" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:190.614px;top:80.5px;">13.1</div><div id="a52107_39_40" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:215.254px;top:80.5px;"><div style="display:inline-block;width:3.36px"> </div>billion.<div style="display:inline-block;width:6.75px"> </div>This resulted in issuance of </div><div id="a52107_79_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:422.355px;top:80.5px;">286</div><div id="a52107_82_30" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:443.475px;top:80.5px;"><div style="display:inline-block;width:3.52px"> </div>million shares, representing </div><div id="a52116" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:96.7px;">approximately </div><div id="a52116_14_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:89.173px;top:96.7px;">21</div><div id="a52116_16_89" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:103.253px;top:96.7px;"><div style="display:inline-block;width:3.36px"> </div>percent of the outstanding shares of ConocoPhillips<div style="display:inline-block;width:1.86px"> </div>common stock upon completion of the </div><div id="a52120" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:112.7px;">transaction. </div><div id="a52122" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:128.8px;"> </div><div id="a52123" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:145px;">We also assumed Concho’s outstanding debt of $</div><div id="a52123_46_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:281.333px;top:145px;">3.9</div><div id="a52123_49_57" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:298.933px;top:145px;"><div style="display:inline-block;width:3.36px"> </div>billion in aggregate principal amount, recorded<div style="display:inline-block;width:2.12px"> </div>at fair </div><div id="a52124" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:161px;">value of $</div><div id="a52124_10_3" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:60.853px;top:161px;">4.7</div><div id="a52124_13_98" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:78.288px;top:161px;"><div style="display:inline-block;width:3.52px"> </div>billion on the transaction closing date.<div style="display:inline-block;width:5.74px"> </div>On December 7, 2020, we launched a debt<div style="display:inline-block;width:2.1px"> </div>exchange offer </div><div id="a52131" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:177.1px;">which settled on February 8, 2021, for </div><div id="a52131_39_2" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:222.968px;top:177.1px;">98</div><div id="a52131_41_71" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:237.048px;top:177.1px;"><div style="display:inline-block;width:3.52px"> </div>percent of Concho’s historical notes.<div style="display:inline-block;width:6.6px"> </div>The historical notes issued by </div><div id="a52145" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:193.1px;">Concho were exchanged for new notes issued by<div style="display:inline-block;width:2.09px"> </div>ConocoPhillips, which are fully and unconditionally </div><div id="a52146" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:209.3px;">guaranteed by ConocoPhillips Company.<div style="display:inline-block;width:6.88px"> </div>For further discussion about the debt exchange,<div style="display:inline-block;width:1.9px"> </div>see Note 10 – Debt.<div style="display:inline-block;width:9.84px"> </div></div><div id="a52153" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:225.5px;"> </div><div id="a52154" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:241.5px;">As of the acquisition date, January 15, 2021, the<div style="display:inline-block;width:2.15px"> </div>fair value of consideration transferred is<div style="display:inline-block;width:2.1px"> </div>summarized below:</div></div><div id="TextBlockContainer1034" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:635px;height:160px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a52159" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:0px;">Total Consideration </div><div id="a52163" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;"><div style="display:inline-block;width:7.04px"> </div>Number of shares of Concho common stock<div style="display:inline-block;width:2.18px"> </div>issued and outstanding (in thousands)* </div><div id="a52167" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:580.475px;top:16px;">194,243</div><div id="a52169" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;"><div style="display:inline-block;width:7.04px"> </div>Number of shares of Concho stock awards outstanding<div style="display:inline-block;width:1.88px"> </div>(in thousands)* </div><div id="a52173" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:594.395px;top:32.2px;">1,599</div><div id="a52175" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:28.693px;top:49px;">Number of shares exchanged </div><div id="a52178" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:580.475px;top:49px;">195,842</div><div id="a52180" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:65px;"><div style="display:inline-block;width:7.04px"> </div>Exchange ratio </div><div id="a52184" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:601.435px;top:65px;">1.46 </div><div id="a52186" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:81.8px;"><div style="display:inline-block;width:7.04px"> </div>Additional shares of ConocoPhillips common stock<div style="display:inline-block;width:2.07px"> </div>issued as consideration (in thousands) </div><div id="a52190" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:580.475px;top:81.8px;">285,929</div><div id="a52192" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:98px;"><div style="display:inline-block;width:7.04px"> </div>Average price per share of ConocoPhillips common stock** </div><div id="a52195" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:529.755px;top:98px;">$ </div><div id="a52197" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:580.475px;top:98px;">45.9025</div><div id="a52199" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:4.693px;top:114.6px;"><div style="display:inline-block;width:14.08px"> </div>Total Consideration (Millions) </div><div id="a52202" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:529.755px;top:114.6px;">$ </div><div id="a52204" style="position:absolute;font-family:'Times New Roman';font-weight:bold;font-style:normal;left:587.355px;top:114.6px;">13,125</div><div id="a52206" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:133.8px;"><div style="display:inline-block;width:5.44px"> </div>*Outstanding as of January 15, 2021. </div><div id="a52209" style="position:absolute;font-family:'Times New Roman';font-size:10.72px;font-weight:normal;font-style:italic;left:4.693px;top:147.7px;">**Based on the ConocoPhillips average stock price on January<div style="display:inline-block;width:1.22px"> </div>15, 2021.</div></div><div id="TextBlockContainer1036" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:629px;height:33px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a52212" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">The transaction will be accounted for as a<div style="display:inline-block;width:2.16px"> </div>business combination under the acquisition method<div style="display:inline-block;width:2.06px"> </div>of accounting.<div style="display:inline-block;width:6.66px"> </div></div><div id="a52213" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16.2px;">The total purchase price will be allocated to identifiable<div style="display:inline-block;width:1.84px"> </div>assets acquired and the liabilities assumed<div style="display:inline-block;width:2.18px"> </div>based on </div></div><div id="TextBlockContainer1038" style="position:relative;font-family:'Times New Roman';font-size:14.08px;color:#000000;line-height:normal;width:623px;height:65px;display:inline-block;border:inherit;margin-left:-2px;margin-right:-2px;"><div id="a52217" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:0px;">their fair values as of the closing date.<div style="display:inline-block;width:5.94px"> </div>We are currently in the process of finalizing the initial accounting for </div><div id="a52219" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:16px;">this transaction and provisional fair value measurements<div style="display:inline-block;width:1.71px"> </div>will be made in the first quarter of 2021.<div style="display:inline-block;width:5.81px"> </div>We may </div><div id="a52220" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:32.2px;">adjust the measurements in subsequent periods,<div style="display:inline-block;width:2.13px"> </div>up to one year from the acquisition date as we identify </div><div id="a52223" style="position:absolute;font-family:'Times New Roman';font-weight:normal;font-style:normal;left:4.693px;top:48.2px;">additional information to complete the necessary<div style="display:inline-block;width:2.1px"> </div>analysis.</div></div> 2020-10-18 1.46 13100000000 286000000 0.21 3900000000 4700000000 0.98 194243000 1599000 195842000 285929000 45.9025 13125000000 <div>0</div> <div>Plans for which ConocoPhillips is not the primary obligor—primarily those administered by equity affiliates.</div> See Notes to Consolidated Financial Statements. <div>*Cumulative effect of the adoption of ASC Topic 606, "Revenue from Contracts with Customers," and ASU No. 2016-01, "Recognition and Measurement of Financial Assets and Liabilities," at January 1, 2018.</div> <div>**Cumulative effect of the adoption of ASU No. 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income." See Notes to Consolidated Financial Statements.</div> *Includes $313 million of assets held for sale in Australia at December 31, 2019. *Future lease payments for operating and finance leases commencing on or after January 1, 2019, also include payments related to non-lease components in accordance with our election to adopt the optional practical expedient not to separate lease components apart from non-lease components for accounting purposes. In addition, future payments related to operating and finance leases proportionately consolidated by the company have been included in the table on a proportionate basis consistent with our respective ownership interest in the underlying investee company or oil and gas venture. *See Note 6—Investment in Cenovus Energy, for additional information. <div>*We paid interest to, or received interest from, various affiliates. See Note 6—Investments, Loans and Long-Term Receivables, for additional information on loans to affiliated companies.</div> <div>(2)Defined as net PP&E plus equity investments and advances to affiliated companies.</div> <div>(3)Long-lived assets do not include $426 million of net PP&E associated with assets held for sale as of December 31, 2019. See Note 5—Acquisitions and Dispositions, for additional information.</div> <div>(4)Long-lived assets do not include $1,236 million of net PP&E associated with assets held for sale as of December 31, 2019. See Note 5—Acquisitions and Dispositions, for additional information.</div>