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Restructuring and Reorganization Costs (Tables)
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Accrued Severance Liability
The following table summarizes the accrued severance liability on the Consolidated Balance Sheet, which include a third quarter increase of $166 million related to the Hess acquisition, with $114 million reported as “Selling, general and administrative expenses” and $52 million reported as “Operating expenses” on the Consolidated Statement of Income within the upstream segment. The balance is expected to be substantially settled by the end of 2026.
Amounts Before Tax
(Millions of dollars)
Balance at January 1, 2025$990 
Accruals/Adjustments178 
Payments(307)
Balance at September 30, 2025$861