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Inventories (Tables)

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories at December 31 were:

			Millions of Dollars
			2024			2023
Crude oil and natural gas			$	907		676
Materials and supplies			902			722
Total inventories			$	1,809		1,398
Inventories valued on the LIFO basis			$	578		401

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- References

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
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