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Inventory, Linefill and Long-term Inventory (Tables)

6 Months Ended

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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