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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Lessee Disclosure [Abstract]  
Lease Cost
Lease Cost
(millions of dollars)
Operating LeasesFinance Leases
202420232022202420232022
 
Operating lease cost2,296 1,976 1,776 
Short-term and other (net of sublease rental income)2,047 1,563 1,389 
Amortization of right of use assets140 107 243 
Interest on lease liabilities149 140 210 
Total (1)
4,343 3,539 3,165 289 247 453 
(1) Includes $1,195 million, $999 million, and $908 million for drilling rigs and related equipment operating leases in 2024, 2023, and 2022, respectively.
Right Of Use Assets And Lease Liabilities
Balance Sheet
(millions of dollars)
Operating LeasesFinance Leases
December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Right of use assets    
Included in Other assets, including intangibles - net7,123 6,849 
Included in Property, plant and equipment - net2,888 2,712 
Total right of use assets7,123 6,849 2,888 2,712 
Lease liability due within one year
Included in Accounts payable and accrued liabilities1,852 1,617 6 5 
Included in Notes and loans payable117 95 
Long-term lease liability
Included in Other long-term obligations4,626 4,393 
Included in Long-term debt2,123 1,821 
Included in Long-term obligations to equity companies115 121 
Total lease liability (2)
6,478 6,010 2,361 2,042 
Weighted-average remaining lease term (years)781826
Weighted-average discount rate (percent)4.9%3.9%6.4%7.2%
(2) Includes $2,198 million and $2,032 million for drilling rigs and related equipment operating leases in 2024 and 2023, respectively.
Maturity Analysis of Operating Leases
Maturity Analysis of Lease Liabilities
(millions of dollars)
Operating LeasesFinance Leases
December 31, 2024
20252,119 275 
20261,569 274 
20271,134 265 
2028715 263 
2029305 256 
2030 and beyond1,712 2,450 
Total lease payments7,554 3,783 
Discount to present value(1,076)(1,422)
Total lease liability6,478 2,361 
Maturity Analysis of Finance Leases
Maturity Analysis of Lease Liabilities
(millions of dollars)
Operating LeasesFinance Leases
December 31, 2024
20252,119 275 
20261,569 274 
20271,134 265 
2028715 263 
2029305 256 
2030 and beyond1,712 2,450 
Total lease payments7,554 3,783 
Discount to present value(1,076)(1,422)
Total lease liability6,478 2,361 
Operating And Finance Leases Other Information
Other Information
(millions of dollars)
Operating LeasesFinance Leases
202420232022202420232022
Cash paid for amounts included in the measurement of lease liabilities
Cash flows from operating activities1,301 1,135 1,119 20 20 20 
Cash flows from investing activities837 758 500 
Cash flows from financing activities121 86 149 
Noncash right of use assets recorded for lease liabilities
In exchange for lease liabilities during the period2,074 2,161 1,997 109 529 73