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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2024
Other Provisions, Contingent Liabilities And Contingent Assets [Abstract] |
Disclosure of Future Payments | The following table summarizes the Company’s commitments as at December 31, 2024:
| 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | Thereafter
Product transportation, purchases and processing (1) (2) (3) | $ | 2,249 |  |  | $ | 2,245 |  |  | $ | 2,097 |  |  | $ | 1,983 |  |  | $ | 1,882 |  |  | $ | 19,310 |
North West Redwater Partnership service toll (4) | $ | 141 |  |  | $ | 121 |  |  | $ | 103 |  |  | $ | 104 |  |  | $ | 104 |  |  | $ | 4,203 |
Offshore vessels and equipment | $ | 88 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Field equipment and power (3) | $ | 43 |  |  | $ | 29 |  |  | $ | 29 |  |  | $ | 28 |  |  | $ | 27 |  |  | $ | 216 |
Other | $ | 124 |  |  | $ | 111 |  |  | $ | 21 |  |  | $ | 22 |  |  | $ | 21 |  |  | $ | 247 |
(1)The Company's commitment for the 20-year product transportation agreement on the Trans Mountain Expansion ("TMX") pipeline reflects interim tolls approved by the Canada Energy Regulator in 2023, and is subject to change pending the approval of final tolls. (2)During 2024, the Company increased its total committed capacity on the TMX pipeline to 169,000 bbl/d, an incremental 75,000 bbl/d over the 20-year term. (3)During 2024, the acquisition of Chevron's assets included approximately $1,292 million of product transportation and processing commitments and approximately $75 million of field equipment and power commitments (note 7). (4)Pursuant to the processing agreements, the Company pays its 25% pro rata share of the debt component of the monthly fee-for-service toll. Included in the toll is $2,161 million of interest payable over the 40-year tolling period, ending in 2058 (note 10).

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