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Inventory, Linefill and Long-term Inventory (Tables) | 9 Months Ended
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Sep. 30, 2024
Inventory Disclosure [Abstract] |
Schedule of 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.
Schedule of 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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