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Inventory, Linefill and Long-term Inventory (Tables) | 6 Months Ended
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Jun. 30, 2026
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, 2026 |  |  | December 31, 2025
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 722 |  |  | barrels |  | $ | 52 |  |  | $ | 72.02 |  |  |  | 2,948 |  |  | barrels |  | $ | 166 |  |  | $ | 56.31 |
NGL | 333 |  |  | barrels |  | 17 |  |  | $ | 51.05 |  |  |  | 562 |  |  | barrels |  | 27 |  |  | $ | 48.04 |
Other | N/A |  |  |  | 15 |  |  | N/A |  |  | N/A |  |  |  | 18 |  |  | N/A
Inventory subtotal |  |  |  |  | 84 |  |  |  |  |  |  |  |  |  | 211 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 14,975 |  |  | barrels |  | 891 |  |  | $ | 59.50 |  |  |  | 15,112 |  |  | barrels |  | 898 |  |  | $ | 59.42 |
NGL | 32 |  |  | barrels |  | 1 |  |  | $ | 31.25 |  |  |  | 33 |  |  | barrels |  | 2 |  |  | $ | 60.61 |
Linefill subtotal |  |  |  |  | 892 |  |  |  |  |  |  |  |  |  | 900 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,647 |  |  | barrels |  | 255 |  |  | $ | 69.92 |  |  |  | 3,724 |  |  | barrels |  | 213 |  |  | $ | 57.20 |
NGL | 51 |  |  | barrels |  | 2 |  |  | $ | 39.22 |  |  |  | 26 |  |  | barrels |  | 1 |  |  | $ | 38.46 |
Long-term inventory subtotal |  |  |  |  | 257 |  |  |  |  |  |  |  |  |  | 214 |  |  |
Total |  |  |  |  | $ | 1,233 |  |  |  |  |  |  |  |  |  | $ | 1,325 |  |  |
(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, 2026 |  |  | December 31, 2025
| Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1) |  |  | Volumes |  | Unit of Measure |  | Carrying Value |  | Price/ Unit (1)
Inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 722 |  |  | barrels |  | $ | 52 |  |  | $ | 72.02 |  |  |  | 2,948 |  |  | barrels |  | $ | 166 |  |  | $ | 56.31 |
NGL | 333 |  |  | barrels |  | 17 |  |  | $ | 51.05 |  |  |  | 562 |  |  | barrels |  | 27 |  |  | $ | 48.04 |
Other | N/A |  |  |  | 15 |  |  | N/A |  |  | N/A |  |  |  | 18 |  |  | N/A
Inventory subtotal |  |  |  |  | 84 |  |  |  |  |  |  |  |  |  | 211 |  |  |
Linefill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 14,975 |  |  | barrels |  | 891 |  |  | $ | 59.50 |  |  |  | 15,112 |  |  | barrels |  | 898 |  |  | $ | 59.42 |
NGL | 32 |  |  | barrels |  | 1 |  |  | $ | 31.25 |  |  |  | 33 |  |  | barrels |  | 2 |  |  | $ | 60.61 |
Linefill subtotal |  |  |  |  | 892 |  |  |  |  |  |  |  |  |  | 900 |  |  |
Long-term inventory |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Crude oil | 3,647 |  |  | barrels |  | 255 |  |  | $ | 69.92 |  |  |  | 3,724 |  |  | barrels |  | 213 |  |  | $ | 57.20 |
NGL | 51 |  |  | barrels |  | 2 |  |  | $ | 39.22 |  |  |  | 26 |  |  | barrels |  | 1 |  |  | $ | 38.46 |
Long-term inventory subtotal |  |  |  |  | 257 |  |  |  |  |  |  |  |  |  | 214 |  |  |
Total |  |  |  |  | $ | 1,233 |  |  |  |  |  |  |  |  |  | $ | 1,325 |  |  |
(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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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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