XML 43 R15.htm IDEA: XBRL DOCUMENT v3.25.1
Exploration and Evaluation Assets
 12 Months Ended
Dec. 31, 2024
Exploration For And Evaluation Of Mineral Resources [Abstract]  
Exploration and Evaluation Assets Exploration and Evaluation Assets
 
          Exploration and Production
Oil Sands
 Mining and
Upgrading
Total
 
North America
North Sea
Offshore Africa
 
 
Cost     
At December 31, 2022$2,026 $— $98 $102 $2,226 
Additions/Acquisitions45 — 3 — 48 
Transfers to property, plant and equipment(38)— — (25)(63)
Derecognitions and other(2)— — — (2)
Foreign exchange adjustments— — (1)— (1)
At December 31, 20232,031 — 100 77 2,208 
Additions, net102 — 6 — 108 
Acquisition of Chevron's assets (note 7)320 — — — 320 
Transfers to property, plant and equipment(45)— — (7)(52)
Derecognitions and other (1)
— — (62)— (62)
Foreign exchange adjustments— — 4 — 4 
At December 31, 2024$2,408 $— $48 $70 $2,526 
(1)In connection with the Company's notice of withdrawal from Block 11B/12B in South Africa in 2024, the Company derecognized $62 million of exploration and evaluation assets through depletion, depreciation and amortization expense.
In December 2024, the Company completed the acquisition of Chevron Canada Limited's ("Chevron") assets in the North America Exploration and Production and Oil Sands Mining and Upgrading segments, including exploration and evaluation assets of $320 million. Refer to note 7 for further details on the acquisition.