Inventory, Linefill and Long-term Inventory (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024						December 31, 2023
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	3,911	barrels	$	259	$	66.22	5,877	barrels	$	383	$	65.17
NGL	6,985	barrels	166		$	23.77	5,957	barrels	154		$	25.85
Other	N/A		14		N/A		N/A		11		N/A
Inventory subtotal			439						548
Linefill
Crude oil	15,521	barrels	906		$	58.37	15,409	barrels	909		$	58.99
NGL	2,259	barrels	62		$	27.45	2,168	barrels	67		$	30.90
Linefill subtotal			968						976
Long-term inventory
Crude oil	3,424	barrels	239		$	69.80	3,256	barrels	232		$	71.25
NGL	1,355	barrels	41		$	30.26	1,326	barrels	33		$	24.89
Long-term inventory subtotal			280						265
Total			$	1,687					$	1,789

(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, 2024						December 31, 2023
	Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)		Volumes	Unit of Measure	Carrying Value		Price/ Unit (1)
Inventory
Crude oil	3,911	barrels	$	259	$	66.22	5,877	barrels	$	383	$	65.17
NGL	6,985	barrels	166		$	23.77	5,957	barrels	154		$	25.85
Other	N/A		14		N/A		N/A		11		N/A
Inventory subtotal			439						548
Linefill
Crude oil	15,521	barrels	906		$	58.37	15,409	barrels	909		$	58.99
NGL	2,259	barrels	62		$	27.45	2,168	barrels	67		$	30.90
Linefill subtotal			968						976
Long-term inventory
Crude oil	3,424	barrels	239		$	69.80	3,256	barrels	232		$	71.25
NGL	1,355	barrels	41		$	30.26	1,326	barrels	33		$	24.89
Long-term inventory subtotal			280						265
Total			$	1,687					$	1,789

(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.