Inventory, Linefill and Long-term Inventory (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory, linefill and long-term inventory consisted of the following (barrels in thousands and carrying value in millions):

	December 31, 2023						December 31, 2022
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	5,877	barrels	$	383	$	65.17	6,713	barrels	$	452	$	67.33
NGL	5,957	barrels	154		$	25.85	7,285	barrels	270		$	37.06
Other	N/A		11		N/A		N/A		7		N/A
Inventory subtotal			548						729
Linefill
Crude oil	15,409	barrels	909		$	58.99	15,480	barrels	906		$	58.53
NGL	2,168	barrels	67		$	30.90	1,876	barrels	55		$	29.32
Linefill subtotal			976						961
Long-term inventory
Crude oil	3,256	barrels	232		$	71.25	3,102	barrels	246		$	79.30
NGL	1,326	barrels	33		$	24.89	1,066	barrels	38		$	35.65
Long-term inventory subtotal			265						284
Total			$	1,789					$	1,974

(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):

	December 31, 2023						December 31, 2022
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	5,877	barrels	$	383	$	65.17	6,713	barrels	$	452	$	67.33
NGL	5,957	barrels	154		$	25.85	7,285	barrels	270		$	37.06
Other	N/A		11		N/A		N/A		7		N/A
Inventory subtotal			548						729
Linefill
Crude oil	15,409	barrels	909		$	58.99	15,480	barrels	906		$	58.53
NGL	2,168	barrels	67		$	30.90	1,876	barrels	55		$	29.32
Linefill subtotal			976						961
Long-term inventory
Crude oil	3,256	barrels	232		$	71.25	3,102	barrels	246		$	79.30
NGL	1,326	barrels	33		$	24.89	1,066	barrels	38		$	35.65
Long-term inventory subtotal			265						284
Total			$	1,789					$	1,974

(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.