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Inventory, Linefill and Long-term Inventory (Tables) | 12 Months Ended
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Dec. 31, 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):
| December 31, 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 | 3,911 |  |  | barrels |  | $ | 259 |  |  | $ | 66.22 |  |  |  | 5,877 |  |  | barrels |  | $ | 383 |  |  | $ | 65.17 |
NGL | 6,985 |  |  | barrels |  | 166 |  |  | $ | 23.77 |  |  |  | 5,957 |  |  | barrels |  | 154 |  |  | $ | 25.85 |
Other | N/A |  |  |  | 14 |  |  | N/A |  |  | N/A |  |  |  | 11 |  |  | N/A
Inventory subtotal |  |  |  |  | 439 |  |  |  |  |  |  |  |  |  | 548 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,521 |  |  | barrels |  | 906 |  |  | $ | 58.37 |  |  |  | 15,409 |  |  | barrels |  | 909 |  |  | $ | 58.99 |
NGL | 2,259 |  |  | barrels |  | 62 |  |  | $ | 27.45 |  |  |  | 2,168 |  |  | barrels |  | 67 |  |  | $ | 30.90 |
Linefill subtotal |  |  |  |  | 968 |  |  |  |  |  |  |  |  |  | 976 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,424 |  |  | barrels |  | 239 |  |  | $ | 69.80 |  |  |  | 3,256 |  |  | barrels |  | 232 |  |  | $ | 71.25 |
NGL | 1,355 |  |  | barrels |  | 41 |  |  | $ | 30.26 |  |  |  | 1,326 |  |  | barrels |  | 33 |  |  | $ | 24.89 |
Long-term inventory subtotal |  |  |  |  | 280 |  |  |  |  |  |  |  |  |  | 265 |  |  |
Total |  |  |  |  | $ | 1,687 |  |  |  |  |  |  |  |  |  | $ | 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):
| December 31, 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 | 3,911 |  |  | barrels |  | $ | 259 |  |  | $ | 66.22 |  |  |  | 5,877 |  |  | barrels |  | $ | 383 |  |  | $ | 65.17 |
NGL | 6,985 |  |  | barrels |  | 166 |  |  | $ | 23.77 |  |  |  | 5,957 |  |  | barrels |  | 154 |  |  | $ | 25.85 |
Other | N/A |  |  |  | 14 |  |  | N/A |  |  | N/A |  |  |  | 11 |  |  | N/A
Inventory subtotal |  |  |  |  | 439 |  |  |  |  |  |  |  |  |  | 548 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,521 |  |  | barrels |  | 906 |  |  | $ | 58.37 |  |  |  | 15,409 |  |  | barrels |  | 909 |  |  | $ | 58.99 |
NGL | 2,259 |  |  | barrels |  | 62 |  |  | $ | 27.45 |  |  |  | 2,168 |  |  | barrels |  | 67 |  |  | $ | 30.90 |
Linefill subtotal |  |  |  |  | 968 |  |  |  |  |  |  |  |  |  | 976 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,424 |  |  | barrels |  | 239 |  |  | $ | 69.80 |  |  |  | 3,256 |  |  | barrels |  | 232 |  |  | $ | 71.25 |
NGL | 1,355 |  |  | barrels |  | 41 |  |  | $ | 30.26 |  |  |  | 1,326 |  |  | barrels |  | 33 |  |  | $ | 24.89 |
Long-term inventory subtotal |  |  |  |  | 280 |  |  |  |  |  |  |  |  |  | 265 |  |  |
Total |  |  |  |  | $ | 1,687 |  |  |  |  |  |  |  |  |  | $ | 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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