XML 61 R27.htm IDEA: XBRL DOCUMENT v3.25.0.1
Properties, Plant and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Properties, Plant and Equipment
Properties, Plant and Equipment1
At December 31Year ended December 31
Gross Investment at CostNet Investment
Additions at Cost2
Depreciation Expense3
202420232022202420232022202420232022202420232022
Upstream
United States$124,439 $117,955 $96,590 $52,428 $50,390 $37,031 $9,591 $20,408 $6,461 $7,562 $7,666 $5,012 
International176,401 183,996 188,556 76,642 84,561 88,549 4,426 4,130 2,599 7,935 8,109 9,830 
Total Upstream300,840 301,951 285,146 129,070 134,951 125,580 14,017 24,538 9,060 15,497 15,775 14,842 
Downstream
United States32,336 31,192 29,802 13,667 13,521 12,827 1,217 1,623 2,742 1,091 931 913 
International8,331 8,401 8,281 2,946 3,122 3,226 245 237 246 360 301 311 
Total Downstream40,667 39,593 38,083 16,613 16,643 16,053 1,462 1,860 2,988 1,451 1,232 1,224 
All Other
United States4,304 4,390 4,402 2,082 1,991 1,931 355 311 230 328 313 247 
International122 147 154 34 34 27 7 15 12 6 6 6 
Total All Other4,426 4,537 4,556 2,116 2,025 1,958 362 326 242 334 319 253 
Total United States161,079 153,537 130,794 68,177 65,902 51,789 11,163 22,342 9,433 8,981 8,910 6,172 
Total International184,854 192,544 196,991 79,622 87,717 91,802 4,678 4,382 2,857 8,301 8,416 10,147 
Total$345,933 $346,081 $327,785 $147,799 $153,619 $143,591 $15,841 $26,724 $12,290 $17,282 $17,326 $16,319 
1Other than the United States and Australia, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2024. Australia had PP&E of $38,969, $41,409 and $44,012 in 2024, 2023 and 2022, respectively. Gross Investment at Cost and Additions at Cost for 2023 each include $10,487 associated with the PDC acquisition.
2Net of dry hole expense related to prior years’ expenditures of $98, $110 and $177 in 2024, 2023 and 2022, respectively.
3Depreciation expense includes accretion expense of $586, $593 and $560 in 2024, 2023 and 2022, respectively, and impairments and write-offs of $500, $2,180 and $950 in 2024, 2023 and 2022, respectively.