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Inventory, Linefill and Long-term Inventory (Tables) | 6 Months Ended
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Jun. 30, 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):
| June 30, 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 | 1,640 |  |  | barrels |  | $ | 102 |  |  | $ | 62.20 |  |  |  | 3,321 |  |  | barrels |  | $ | 221 |  |  | $ | 66.55 |
NGL | 746 |  |  | barrels |  | 39 |  |  | $ | 52.28 |  |  |  | 603 |  |  | barrels |  | 26 |  |  | $ | 43.12 |
Other | N/A |  |  |  | 10 |  |  | N/A |  |  | N/A |  |  |  | 14 |  |  | N/A
Inventory subtotal |  |  |  |  | 151 |  |  |  |  |  |  |  |  |  | 261 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,830 |  |  | barrels |  | 939 |  |  | $ | 59.32 |  |  |  | 15,463 |  |  | barrels |  | 903 |  |  | $ | 58.40 |
NGL | 33 |  |  | barrels |  | 1 |  |  | $ | 30.30 |  |  |  | 32 |  |  | barrels |  | 1 |  |  | $ | 31.25 |
Linefill subtotal |  |  |  |  | 940 |  |  |  |  |  |  |  |  |  | 904 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,529 |  |  | barrels |  | 230 |  |  | $ | 65.17 |  |  |  | 3,413 |  |  | barrels |  | 238 |  |  | $ | 69.73 |
NGL | 90 |  |  | barrels |  | 4 |  |  | $ | 44.44 |  |  |  | 90 |  |  | barrels |  | 4 |  |  | $ | 44.44 |
Long-term inventory subtotal |  |  |  |  | 234 |  |  |  |  |  |  |  |  |  | 242 |  |  |
Total |  |  |  |  | $ | 1,325 |  |  |  |  |  |  |  |  |  | $ | 1,407 |  |  |
(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):
| June 30, 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 | 1,640 |  |  | barrels |  | $ | 102 |  |  | $ | 62.20 |  |  |  | 3,321 |  |  | barrels |  | $ | 221 |  |  | $ | 66.55 |
NGL | 746 |  |  | barrels |  | 39 |  |  | $ | 52.28 |  |  |  | 603 |  |  | barrels |  | 26 |  |  | $ | 43.12 |
Other | N/A |  |  |  | 10 |  |  | N/A |  |  | N/A |  |  |  | 14 |  |  | N/A
Inventory subtotal |  |  |  |  | 151 |  |  |  |  |  |  |  |  |  | 261 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 15,830 |  |  | barrels |  | 939 |  |  | $ | 59.32 |  |  |  | 15,463 |  |  | barrels |  | 903 |  |  | $ | 58.40 |
NGL | 33 |  |  | barrels |  | 1 |  |  | $ | 30.30 |  |  |  | 32 |  |  | barrels |  | 1 |  |  | $ | 31.25 |
Linefill subtotal |  |  |  |  | 940 |  |  |  |  |  |  |  |  |  | 904 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,529 |  |  | barrels |  | 230 |  |  | $ | 65.17 |  |  |  | 3,413 |  |  | barrels |  | 238 |  |  | $ | 69.73 |
NGL | 90 |  |  | barrels |  | 4 |  |  | $ | 44.44 |  |  |  | 90 |  |  | barrels |  | 4 |  |  | $ | 44.44 |
Long-term inventory subtotal |  |  |  |  | 234 |  |  |  |  |  |  |  |  |  | 242 |  |  |
Total |  |  |  |  | $ | 1,325 |  |  |  |  |  |  |  |  |  | $ | 1,407 |  |  |
(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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