Exploration and Evaluation Assets

12 Months Ended

Dec. 31, 2024

Exploration and Evaluation Assets

Exploration and Evaluation Assets

18. Exploration and Evaluation Assets

	December 31	December 31
($ millions)	2024	2023
Beginning of year	1 758	1 995
Acquisitions and additions	-	3
Disposals and derecognition	(16)	(240)
End of year	1 742	1 758

In 2023, the company derecognized $240 million on its Meadow Creek development properties in the Oil Sands segment.