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Inventory, Linefill and Long-term Inventory (Tables) | 3 Months Ended
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Mar. 31, 2025
Inventory Disclosure [Abstract] |
Schedule of Inventory | Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions):
| March 31, 2025 |  |  | December 31, 2024
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,399 |  |  | barrels |  | $ | 221 |  |  | $ | 65.02 |  |  |  | 3,911 |  |  | barrels |  | $ | 259 |  |  | $ | 66.22 |
NGL | 3,410 |  |  | barrels |  | 102 |  |  | $ | 29.91 |  |  |  | 6,985 |  |  | barrels |  | 166 |  |  | $ | 23.77 |
Other | N/A |  |  |  | 12 |  |  | N/A |  |  | N/A |  |  |  | 14 |  |  | N/A
Inventory subtotal |  |  |  |  | 335 |  |  |  |  |  |  |  |  |  | 439 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,754 |  |  | barrels |  | 924 |  |  | $ | 58.65 |  |  |  | 15,521 |  |  | barrels |  | 906 |  |  | $ | 58.37 |
NGL | 2,269 |  |  | barrels |  | 64 |  |  | $ | 28.21 |  |  |  | 2,259 |  |  | barrels |  | 62 |  |  | $ | 27.45 |
Linefill subtotal |  |  |  |  | 988 |  |  |  |  |  |  |  |  |  | 968 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,501 |  |  | barrels |  | 244 |  |  | $ | 69.69 |  |  |  | 3,424 |  |  | barrels |  | 239 |  |  | $ | 69.80 |
NGL | 1,355 |  |  | barrels |  | 45 |  |  | $ | 33.21 |  |  |  | 1,355 |  |  | barrels |  | 41 |  |  | $ | 30.26 |
Long-term inventory subtotal |  |  |  |  | 289 |  |  |  |  |  |  |  |  |  | 280 |  |  |
Total |  |  |  |  | $ | 1,612 |  |  |  |  |  |  |  |  |  | $ | 1,687 |  |  |
(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):
| March 31, 2025 |  |  | December 31, 2024
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,399 |  |  | barrels |  | $ | 221 |  |  | $ | 65.02 |  |  |  | 3,911 |  |  | barrels |  | $ | 259 |  |  | $ | 66.22 |
NGL | 3,410 |  |  | barrels |  | 102 |  |  | $ | 29.91 |  |  |  | 6,985 |  |  | barrels |  | 166 |  |  | $ | 23.77 |
Other | N/A |  |  |  | 12 |  |  | N/A |  |  | N/A |  |  |  | 14 |  |  | N/A
Inventory subtotal |  |  |  |  | 335 |  |  |  |  |  |  |  |  |  | 439 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,754 |  |  | barrels |  | 924 |  |  | $ | 58.65 |  |  |  | 15,521 |  |  | barrels |  | 906 |  |  | $ | 58.37 |
NGL | 2,269 |  |  | barrels |  | 64 |  |  | $ | 28.21 |  |  |  | 2,259 |  |  | barrels |  | 62 |  |  | $ | 27.45 |
Linefill subtotal |  |  |  |  | 988 |  |  |  |  |  |  |  |  |  | 968 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,501 |  |  | barrels |  | 244 |  |  | $ | 69.69 |  |  |  | 3,424 |  |  | barrels |  | 239 |  |  | $ | 69.80 |
NGL | 1,355 |  |  | barrels |  | 45 |  |  | $ | 33.21 |  |  |  | 1,355 |  |  | barrels |  | 41 |  |  | $ | 30.26 |
Long-term inventory subtotal |  |  |  |  | 289 |  |  |  |  |  |  |  |  |  | 280 |  |  |
Total |  |  |  |  | $ | 1,612 |  |  |  |  |  |  |  |  |  | $ | 1,687 |  |  |
(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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