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Property, Plant And Equipment And Asset Retirement Obligations (Tables)
 12 Months Ended
Dec. 31, 2024
Property, Plant And Equipment And Asset Retirement Obligations [Abstract]  
Property, Plant And Equipment
Property, Plant and Equipment
(millions of dollars)
December 31, 2024December 31, 2023
CostNetCostNet
 
Upstream423,038 226,021 359,031 148,245 
Energy Products58,259 28,349 57,400 27,284 
Chemical Products39,224 19,973 38,801 20,329 
Specialty Products9,559 4,229 9,385 4,378 
Other23,823 15,746 22,768 14,704 
Total553,903 294,318 487,385 214,940 
Schedule of Asset Retirement Obligations
The following table summarizes the activity in the liability for asset retirement obligations:
(millions of dollars)202420232022
 
Balance at January 112,989 10,491 10,630 
Accretion expense and other provisions709 734 744 
Reduction due to property sales(1,445)(288)(328)
Payments made(1,191)(693)(518)
Liabilities incurred533 831 119 
Foreign currency translation(447)124 (330)
Revisions884 1,790 174 
Balance at December 3112,032 12,989 10,491