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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of leases [Abstract]  
Schedule of Lease Assets
Product transportation and storage
Field equipment and power
Offshore vessels and equipment
Office leases and other
Total
At December 31, 2021$974 $354 $99 $81 $1,508 
Additions44 110 28 — 182 
Depreciation(106)(86)(31)(21)(244)
Foreign exchange and other— (1)1 1 1 
At December 31, 2022912 377 97 61 1,447 
Additions27 218 49 23 317 
Depreciation(98)(111)(45)(19)(273)
Foreign exchange and other(1)(2)(30)— (33)
At December 31, 2023$840 $482 $71 $65 $1,458 
LEASE ASSETS, BY SEGMENT
As at December 31, 2023 and 2022, the Company had the following lease assets by segment:
 
20232022
Exploration and Production
 
North America
$280 $277 
North Sea
18 1 
Offshore Africa
119 98 
Oil Sands Mining and Upgrading
1,001 1,015 
Head Office
40 56 
 
$1,458 $1,447 
Schedule of Lease Liabilities Lease liabilities at December 31, 2023 and 2022, were as follows:
 20232022
Lease liabilities $1,555 $1,540 
Less: current portion298 244 
 $1,257 $1,296 
Schedule of Leases Impact on Net Earnings and Cash Flow
Other amounts included in net earnings and cash flows during 2023 and 2022 are provided below:

20232022
Expenses relating to short-term leases (1)
$403 $410 
Interest expense on lease liabilities$64 $60 
Variable lease payments not included in the measurement of lease liabilities$59 $49 
Total cash outflows for leases (2)
$1,325 $1,204 
(1)During 2023, the Company capitalized $514 million (2022 – $453 million) of short-term leases as additions to property, plant and equipment.
(2)Comprised of cash outflows relating to lease liabilities, short-term leases, and variable lease payments.