XML 74 R40.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Property, Plant and Equipment (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Schedule of Property, Plant and Equipment | The Company’s property, plant and equipment assets for the respective periods are presented as follows:
| December 31, 2024 |  | December 31, 2023 |
(Thousands of dollars) | Cost |  | Net |  | Cost |  | Net |
Exploration and production ¹ | $ | 21,716,358 |  |  | $ | 8,021,620 |  | 2 | $ | 21,228,490 |  |  | $ | 8,201,475 |  | 2
Corporate and other | 149,834 |  |  | 33,033 |  |  | 132,092 |  |  | 23,722 |  |
Property, plant and equipment | $ | 21,866,192 |  |  | $ | 8,054,653 |  |  | $ | 21,360,582 |  |  | $ | 8,225,197 |  |
¹ Includes unproved mineral rights as follows: | $ | 283,015 |  |  | $ | 151,341 |  |  | $ | 351,000 |  |  | $ | 228,329 |  |
2 Includes $13,335 in 2024 and $15,356 in 2023 related to administrative assets and support equipment.
Schedule of Recognized Impairments | The following table reflects the recognized before tax impairments for each of the three years presented.
(Thousands of dollars) | 2024 |  | 2023 |  | 2022
United States - Offshore | $ | 62,909 |  |  | $ | — |  |  | $ | — |
| $ | 62,909 |  |  | $ | — |  |  | $ | — |
Schedule of Net Changes in Capitalized Exploratory Well Costs | The following table reflects the net changes in capitalized exploratory well costs for each of the three years presented.
(Thousands of dollars) | 2024 |  | 2023 |  | 2022
Beginning balance at January 1 | $ | 49,118 |  |  | $ | 171,860 |  |  | $ | 179,481 |
Additions pending the determination of proved reserves | 49,408 |  |  | 48 |  |  | 33,440 |
Reclassifications to proved properties based on the determination of proved reserves | — |  |  | (82,185) |  |  | — |
Divestment | — |  |  | — |  |  | (7,915) |
Capitalized exploration well costs charged to expense | (26,471) |  |  | (40,605) |  |  | (33,146) |
Ending balance at December 31 | $ | 72,055 |  |  | $ | 49,118 |  |  | $ | 171,860 |
Oil and Gas, Capitalized Exploratory Well Cost, Capitalized for Period Greater than One Year, Aging | The following table provides an aging of capitalized exploratory well costs based on the date the drilling was completed for each individual well.
| 2024 |  | 2023 |  | 2022
(Thousands of dollars) | Amount |  | No. of Wells |  |  |  | Amount |  | No. of Wells |  |  |  | Amount |  | No. of Wells |  |
Aging of capitalized well costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Zero to one year | $ | 49,790 |  |  | 5 |  |  |  | $ | — |  |  | — |  |  |  |  | $ | 15,527 |  |  | 2 |  |
One to two years | — |  |  | — |  |  |  | — |  |  | — |  |  |  |  | 13,307 |  |  | 2 |  |
Two to three years | — |  |  | — |  |  |  | 2,698 |  |  | 1 |  |  |  | — |  |  | — |  |  |
Three years or more | 22,265 |  |  | 3 |  |  |  | 46,420 |  |  | 3 |  |  |  | 143,026 |  |  | 5 |  |
| $ | 72,055 |  |  | 8 |  |  |  | $ | 49,118 |  |  | 4 |  |  |  | $ | 171,860 |  |  | 9 |  |

X
- Definition Tabular disclosure of the change in capitalized exploratory costs during the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-1B + Details
Name: | us-gaap_CapitalizedExploratoryWellCostsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.CC) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-2 + Details
Name: | us-gaap_DetailsOfImpairmentOfLongLivedAssetsHeldAndUsedByAssetTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging for exploratory well cost capitalized for period of greater than one year after completion of drilling and number of related projects in oil- and gas-producing activities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 932 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477215/932-235-50-1B + Details
Name: | us-gaap_ScheduleOfAgingOfCapitalizedExploratoryWellCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration