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Other Financial Information
12 Months Ended
Dec. 31, 2021
Other Financial Information [Abstract]  
Other Financial Information
Note 20—Other Financial Information
Millions of Dollars
2021
2020
2019
Interest and Debt Expense
Incurred
Debt
$
887
788
799
Other
59
73
36
946
861
835
Capitalized
(62)
(55)
(57)
Expensed
$
884
806
778
Other Income (Loss)
Interest income
$
33
100
166
Gain (loss) on investment in Cenovus
 
Energy*
1,040
(855)
649
Other, net
130
246
543
$
1,203
(509)
1,358
*See Note 5.
Research and Development Expenditures
—expensed
$
62
75
82
Shipping and Handling Costs
$
1,047
857
1,008
Foreign Currency Transaction
 
(Gains) Losses
—after-tax
Alaska
$
-
-
-
Lower 48
-
-
-
Canada
(1)
(7)
5
Europe, Middle East and North Africa
(11)
(15)
-
Asia Pacific
2
(11)
31
Other International
1
2
1
Corporate and Other
(7)
(31)
21
$
(16)
(62)
58
Millions of Dollars
2021
2020
Properties, Plants and Equipment
Proved properties*
$
114,274
**
94,312
Unproved properties*
10,993
4,141
Other
4,379
3,653
Gross properties, plants and equipment
129,646
102,106
Less: Accumulated depreciation,
 
depletion and amortization
(64,735)
**
(62,213)
Net properties, plants and equipment
$
64,911
39,893
*Proved and Unproved properties increased by $
20.0
 
billion and $
6.9
 
billion, respectively, in 2021 compared with 2020, primarily due to
 
the Concho and Shell Permian acquisitions.
**Excludes assets classified as held for sale at December 31, 2021.
 
See Note 3.