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Inventory, Linefill and Long-term Inventory | 9 Months Ended
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Sep. 30, 2024
Inventory Disclosure [Abstract] |
Inventory, Linefill and Long-term Inventory | Inventory, Linefill and Long-term Inventory Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions):
| September 30, 2024 |  |  | December 31, 2023
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 2,618 |  |  | barrels |  | $ | 180 |  |  | $ | 68.75 |  |  |  | 5,877 |  |  | barrels |  | $ | 383 |  |  | $ | 65.17 |
NGL | 9,425 |  |  | barrels |  | 238 |  |  | $ | 25.25 |  |  |  | 5,957 |  |  | barrels |  | 154 |  |  | $ | 25.85 |
Other | N/A |  |  |  | 18 |  |  | N/A |  |  | N/A |  |  |  | 11 |  |  | N/A
Inventory subtotal |  |  |  |  | 436 |  |  |  |  |  |  |  |  |  | 548 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,644 |  |  | barrels |  | 925 |  |  | $ | 59.13 |  |  |  | 15,409 |  |  | barrels |  | 909 |  |  | $ | 58.99 |
NGL | 2,243 |  |  | barrels |  | 66 |  |  | $ | 29.42 |  |  |  | 2,168 |  |  | barrels |  | 67 |  |  | $ | 30.90 |
Linefill subtotal |  |  |  |  | 991 |  |  |  |  |  |  |  |  |  | 976 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,240 |  |  | barrels |  | 221 |  |  | $ | 68.21 |  |  |  | 3,256 |  |  | barrels |  | 232 |  |  | $ | 71.25 |
NGL | 1,355 |  |  | barrels |  | 36 |  |  | $ | 26.57 |  |  |  | 1,326 |  |  | barrels |  | 33 |  |  | $ | 24.89 |
Long-term inventory subtotal |  |  |  |  | 257 |  |  |  |  |  |  |  |  |  | 265 |  |  |
Total |  |  |  |  | $ | 1,684 |  |  |  |  |  |  |  |  |  | $ | 1,789 |  |  |
(1)Price per unit of measure is comprised of a weighted average associated with various grades, qualities and locations. Accordingly, these prices may not coincide with any published benchmarks for such products.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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