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Supplemental Oil and Gas Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2022

Oil and Gas Exploration and Production Industries Disclosures [Abstract]

Summary of Proved Reserves Based on Average Prices


	Equivalents
(Millions of barrels of oil equivalent)	Total	United States	Canada	Other
Proved developed and undeveloped reserves:
December 31, 2019	825.0	500.1	324.1	0.8
Revisions of previous estimates	(194.7)	(146.6)	(47.3)	(0.8)

Extensions and discoveries	150.3	19.5	130.7	—

Sales of properties	(1.7)	(1.7)	—	—
Production	(63.9)	(42.8)	(21.1)	—
December 31, 2020	714.9	328.5	386.4	—
Revisions of previous estimates	(52.9)	35.6	(89.3)	0.8

Extensions and discoveries	109.4	18.2	91.3	—
Purchases of properties	7.4	1.6	5.8	—
Sales of properties	(0.7)	—	(0.7)	—
Production	(61.1)	(40.4)	(20.6)	(0.1)
December 31, 2021	716.9	343.4	372.8	0.7
Revisions of previous estimates	(23.6)	29.0	(52.8)	0.2
Improved recovery	5.3	5.3	—	—
Extensions and discoveries	80.1	20.6	59.5	—
Purchases of properties	5.0	5.0	—	—
Sales of properties	(4.4)	(4.4)	—	—
Production	(63.9)	(41.9)	(21.7)	(0.3)
December 31, 2022 ¹	715.4	357.0	357.8	0.6
Proved developed reserves:
December 31, 2019	472.3	273.4	198.1	0.8
December 31, 2020	410.8	230.3	180.5	—
December 31, 2021	419.2	241.9	176.8	0.6
December 31, 2022 ²	436.0	264.2	171.3	0.5
Proved undeveloped reserves:
December 31, 2019	352.7	226.7	126.0	—
December 31, 2020	304.1	98.2	205.9	—
December 31, 2021	297.7	101.6	196.0	0.1
December 31, 2022 ³	279.4	92.8	186.5	0.1

1 Includes proved reserves of 18.2 MMBOE, consisting of 16.5 MMBBL oil, 0.6 MMBBL NGLs and 5.6 BCF natural gas attributable to the noncontrolling interest in MP GOM.

2 Includes proved developed reserves of 15.0 MMBOE, consisting of 13.7 MMBBL oil, 0.5 MMBBL NGLs and 4.2 BCF natural gas attributable to the noncontrolling interest in MP GOM.

3 Includes proved undeveloped reserves of 3.2 MMBOE, consisting of 2.8 MMBBL oil, 0.1 MMBBL NGLs and 1.4 BCF natural gas attributable to the noncontrolling interest in MP GOM.

4 Totals within the tables may not add as a result of rounding.


(Millions of barrels)	Total	United States	Canada	Other
Proved developed and undeveloped crude oil reserves:
December 31, 2019	423.9	377.8	45.3	0.8
Revisions of previous estimates	(137.4)	(116.8)	(19.8)	(0.8)

Extensions and discoveries	19.6	14.5	5.1	—

Sales of properties	(1.5)	(1.5)	—	—
Production	(38.1)	(33.4)	(4.7)	—
December 31, 2020	266.5	240.6	25.9	—
Revisions of previous estimates	39.3	31.1	7.5	0.7

Extensions and discoveries	14.1	13.5	0.6	—
Purchases of properties	6.4	1.3	5.2	—
Production	(34.9)	(31.5)	(3.3)	(0.1)
December 31, 2021	291.5	255.0	35.9	0.6
Revisions of previous estimates	23.4	19.9	3.3	0.2
Improved recovery	4.7	4.7	—	—
Extensions and discoveries	18.9	16.1	2.8	—
Purchases of properties	4.2	4.2	—	—
Sales of properties	(3.6)	(3.6)	—	—
Production	(35.5)	(32.7)	(2.5)	(0.3)
December 31, 2022 ¹	303.6	263.6	39.5	0.5
Proved developed crude oil reserves:
December 31, 2019	230.9	205.0	25.1	0.8
December 31, 2020	179.8	161.4	18.4	—
December 31, 2021	191.5	174.9	16.0	0.5
December 31, 2022 ²	209.0	194.4	14.2	0.4
Proved undeveloped crude oil reserves:
December 31, 2019	193.0	172.8	20.2	—
December 31, 2020	86.7	79.2	7.5	—
December 31, 2021	99.9	80.0	19.8	0.1
December 31, 2022 ³	94.6	69.2	25.3	0.1

1 Includes total proved reserves of 16.5 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

2 Includes proved developed reserves of 13.7 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

3 Includes proved undeveloped reserves of 2.8 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

4 Totals within the tables may not add as a result of rounding.


(Millions of barrels)	Total	United States	Canada	Other
Proved developed and undeveloped NGL reserves:
December 31, 2019	56.1	52.8	3.3	—
Revisions of previous estimates	(16.4)	(17.1)	0.7	—
Extensions and discoveries	2.8	2.7	0.1	—

Sales of properties	(0.1)	(0.1)	—	—
Production	(4.2)	(3.7)	(0.5)	—
December 31, 2020	38.2	34.6	3.6	—
Revisions of previous estimates	1.4	1.4	—	—
Extensions and discoveries	2.5	2.4	0.1	—
Purchases of properties	0.1	0.1	—	—
Production	(3.8)	(3.4)	(0.4)	—
December 31, 2021	38.4	35.1	3.3	—
Revisions of previous estimates	4.4	3.9	0.5	—
Improved recovery	0.2	0.2	—	—
Extensions and discoveries	2.5	1.9	0.6	—
Purchases of properties	0.3	0.3	—	—
Sales of properties	(0.2)	(0.2)	—	—
Production	(3.9)	(3.6)	(0.3)	—
December 31, 2022 ¹	41.7	37.6	4.1	—
Proved developed NGL reserves:
December 31, 2019	28.1	26.2	1.9	—
December 31, 2020	28.7	25.5	3.2	—
December 31, 2021	28.4	25.6	2.8	—
December 31, 2022 ²	29.7	27.4	2.3	—
Proved undeveloped NGL reserves:
December 31, 2019	28.0	26.6	1.4	—
December 31, 2020	9.5	9.1	0.4	—
December 31, 2021	10.0	9.5	0.5	—
December 31, 2022 ³	12.0	10.2	1.8	—

1 Includes total proved reserves of 0.6 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

2 Includes proved developed reserves of 0.5 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.

3 Includes proved undeveloped reserves of 0.1 MMBBL for Total and United States attributable to the noncontrolling interest in MP GOM.


(Billions of cubic feet)	Total	United States	Canada	Other
Proved developed and undeveloped natural gas reserves:
December 31, 2019	2,069.7	416.8	1,652.9	—
Revisions of previous estimates	(245.4)	(76.2)	(169.2)	—

Extensions and discoveries	767.2	14.0	753.2	—

Sales of properties	(0.7)	(0.7)	—	—
Production	(129.8)	(34.4)	(95.4)	—
December 31, 2020	2,461.0	319.5	2,141.5	—
Revisions of previous estimates	(562.2)	18.7	(581.0)	0.2

Extensions and discoveries	556.7	13.5	543.2	—
Purchases of properties	5.4	1.5	3.9	—
Sale of properties	(4.4)	—	(4.4)	—
Production	(134.2)	(32.8)	(101.4)	—
December 31, 2021	2,322.3	320.3	2,001.8	0.2
Revisions of previous estimates	(309.8)	30.7	(340.5)	—
Improved recovery	2.6	2.6	—	—
Extensions and discoveries	352.4	15.7	336.7	—
Purchases of properties	2.9	2.9	—	—
Sales of properties	(3.6)	(3.6)	—	—
Production	(146.9)	(33.7)	(113.2)	—
December 31, 2022 1,4	2,219.9	334.9	1,884.8	0.2
Proved developed natural gas reserves:
December 31, 2019	1,279.8	253.1	1,026.7	—
December 31, 2020	1,213.8	260.2	953.6	—
December 31, 2021	1,196.0	248.1	947.7	0.2
December 31, 2022 2,4	1,183.1	254.1	928.8	0.2
Proved undeveloped natural gas reserves:
December 31, 2019	789.9	163.7	626.2	—
December 31, 2020	1,247.2	59.3	1,187.9	—
December 31, 2021	1,126.4	72.2	1,054.1	—
December 31, 2022 ³	1,036.8	80.8	956.0	—

1 Includes total proved reserves of 5.6 BCF for Total and United States attributable to the noncontrolling interest in MP GOM.

2 Includes proved developed reserves of 4.2 BCF for Total and United States attributable to the noncontrolling interest in MP GOM.

3 Includes proved undeveloped reserves of 1.4 BCF for Total and United States attributable to the noncontrolling interest in MP GOM.

4 Includes proved natural gas reserves to be consumed in operations as fuel of 74.9 BCF and 43.5 BCF for the U.S. and Canada, respectively, with 0.8 BCF attributable to the noncontrolling interest in MP GOM.

5 Totals within the tables may not add as a result of rounding.

Costs Incurred in Oil and Gas Property Acquisition, Exploration and Development Activities


(Millions of dollars)	United States		Canada 1		Other		Total
Year ended December 31, 2022
Property acquisition costs
Unproved	$	1.8	$	—	$	—	$	1.8
Proved	128.5		—		—		128.5
Total acquisition costs	130.3		—		—		130.3
Exploration costs	42.2		0.8		70.3		113.3
Development costs	704.9		208.5		4.3		917.7
Total costs incurred	877.4		209.3		74.6		1,161.3
Charged to expense
Dry hole expense	23.0		—		59.1		82.1
Geophysical and other costs	15.8		0.8		21.1		37.7
Total charged to expense	38.8		0.8		80.2		119.8
Property additions	$	838.6	$	208.5	$	(5.7)	$	1,041.4
Year ended December 31, 2021
Property acquisition costs
Unproved	$	8.8	$	—	$	—	$	8.8
Proved	19.9		(20.4)		—		(0.5)
Total acquisition costs	28.7		(20.4)		—		8.3
Exploration costs	31.7		0.4		30.1		62.2
Development costs	513.2		102.4		3.7		619.3
Total costs incurred	573.6		82.4		33.8		689.8
Charged to expense
Dry hole expense	17.3		—		—		17.3
Geophysical and other costs	13.1		0.4		19.3		32.8
Total charged to expense	30.4		0.4		19.3		50.1
Property additions	$	543.2	$	82.0	$	14.5	$	639.7
Year ended December 31, 2020
Property acquisition costs
Unproved	$	6.5	$	0.5	$	7.3	$	14.3
Proved	0.2		—		—		0.2
Total acquisition costs	6.7		0.5		7.3		14.5
Exploration costs	34.3		(0.4)		24.7		58.6
Development costs	609.2		120.8		6.8		736.8
Total costs incurred	650.2		120.9		38.8		809.9
Charged to expense

Geophysical and other costs	14.3		0.7		23.6		38.6
Total charged to expense	14.3		0.7		23.6		38.6
Property additions	$	635.9	$	120.2	$	15.2	$	771.3

1 2021 Canada proved property acquisitions represents cash received from divesting partners on acquisition of an additional 7.525% working interest at Terra Nova as part of the sanction of an asset life extension project.

Results of Operations for Oil andGas Producing Activities


(Millions of dollars)	United States		Canada		Other		Total
Year ended December 31, 2022
Revenues
Crude oil and natural gas liquids sales	$	3,210.3	$	267.5	$	22.8	$	3,500.6
Natural gas sales	225.3		312.6		—		537.9
Sales of purchased natural gas	0.2		181.5		—		181.7
Total oil and natural gas revenues	3,435.8		761.6		22.8		4,220.2
Other operating revenues	25.4		1.3		—		26.7
Total revenues	3,461.2		762.9		22.8		4,246.9
Costs and expenses
Lease operating expenses	522.7		155.1		1.5		679.3
Severance and ad valorem taxes	55.7		1.3		—		57.0
Transportation, gathering and processing	142.2		70.5		—		212.7
Costs of purchased natural gas	0.2		171.8		—		172.0

Exploration costs charged to expense	38.8		0.8		80.2		119.8
Undeveloped lease amortization	8.7		0.2		4.4		13.3
Depreciation, depletion and amortization	617.0		141.5		5.4		763.9
Accretion of asset retirement obligations	36.5		9.6		0.1		46.2

Selling and general expenses	20.4		21.9		2.2		44.5
Other expenses (benefits)	126.3		12.4		3.1		141.8
Total costs and expenses	1,568.5		585.1		96.9		2,250.5
Results of operations before taxes	1,892.7		177.8		(74.1)		1,996.4
Income tax expense (benefit)	370.8		43.6		2.9		417.3
Results of operations	$	1,521.9	$	134.2	$	(77.0)	$	1,579.1
Year ended December 31, 2021
Revenues
Crude oil and natural gas liquids sales	$	2,199.7	$	228.9	$	4.9	$	2,433.5
Natural gas sales	121.8		245.9		—		367.7
Total oil and natural gas revenues	2,321.5		474.8		4.9		2,801.2
Other operating revenues	16.0		1.5		—		17.5
Total revenues	2,337.5		476.3		4.9		2,818.7
Costs and expenses
Lease operating expenses	406.4		136.3		(3.2)		539.5
Severance and ad valorem taxes	39.6		1.6		—		41.2
Transportation, gathering and processing	126.5		60.5		—		187.0

Exploration costs charged to expense	30.4		0.4		19.3		50.1
Undeveloped lease amortization	11.1		0.2		7.6		18.9
Depreciation, depletion and amortization	616.5		163.8		1.8		782.1
Accretion of asset retirement obligations	36.9		9.7		—		46.6
Impairment of assets	—		171.3		18.0		189.3
Selling and general expenses	20.5		16.5		6.6		43.6
Other expenses	99.4		(66.2)		(2.2)		31.0
Total costs and expenses	1,387.3		494.1		47.9		1,929.3
Results of operations before taxes	950.2		(17.8)		(43.0)		889.4
Income tax expense (benefit)	183.9		(1.7)		(9.5)		172.7
Results of operations	$	766.3	$	(16.1)	$	(33.5)	$	716.7

1 Results exclude corporate overhead, interest and discontinued operations. Results include noncontrolling interest in MP GOM.


(Millions of dollars)	United States		Canada		Other		Total
Year ended December 31, 2020
Revenues
Crude oil and natural gas liquids sales	$	1,335.8	$	174.0	$	1.8	$	1,511.6
Natural gas sales	69.4		170.6		—		240.1
Total oil and natural gas revenues	1,405.3		344.6		1.8		1,751.7
Other operating revenues	6.5		1.2		—		7.7
Total revenues	1,411.8		345.8		1.8		1,759.4
Costs and expenses
Lease operating expenses	476.9		121.6		1.6		600.1
Severance and ad valorem taxes	27.2		1.3		—		28.5
Transportation, gathering and processing	127.7		44.7		—		172.4
Restructuring expenses	1.2		—		—		1.2
Exploration costs charged to expense	35.5		0.6		23.6		59.7
Undeveloped lease amortization	17.2		0.4		9.2		26.8
Depreciation, depletion and amortization	749.4		213.2		2.3		964.9
Accretion of asset retirement obligations	36.6		5.6		—		42.2
Impairment of assets	1,152.5		—		39.7		1,192.2

Selling and general expenses	24.6		17.1		7.1		48.8
Other expenses	21.5		(2.3)		1.8		21.0
Total costs and expenses	2,670.3		402.2		85.3		3,157.8
Results of operations before taxes	(1,258.5)		(56.4)		(83.5)		(1,398.4)
Income tax expense (benefit)	(244.2)		(21.4)		2.1		(263.5)
Results of operations	$	(1,014.3)	$	(35.0)	$	(85.6)	$	(1,134.9)

1 Results exclude corporate overhead, interest and discontinued operations. Results include noncontrolling interest in MP GOM.

Standardized Measure of Discounted Future Net Cash Flow Relating to Proved Oil and Gas Reserves


(Millions of dollars)	United States		Canada		Other		Total
December 31, 2022
Future cash inflows	$	27,277.9	$	12,360.2	$	59.2	$	39,697.3
Future development costs	(1,594.5)		(642.4)		(1.4)		(2,238.3)
Future production costs	(8,297.4)		(4,199.0)		(12.1)		(12,508.5)
Future income taxes	(2,606.8)		(1,788.7)		(5.4)		(4,400.9)
Future net cash flows	14,779.2		5,730.1		40.3		20,549.6
10% annual discount for estimated timing of cash flows	(5,709.8)		(3,015.6)		(11.0)		(8,736.4)
Standardized measure of discounted future net cash flows	$	9,069.4	$	2,714.5	$	29.3	$	11,813.2
December 31, 2021
Future cash inflows	$	18,449.1	$	7,203.5	$	44.0	$	25,696.7
Future development costs	(1,164.3)		(521.1)		(1.5)		(1,686.8)
Future production costs	(7,140.6)		(3,525.8)		(9.1)		(10,675.4)
Future income taxes	(1,024.4)		(565.4)		(3.0)		(1,592.8)
Future net cash flows	9,119.9		2,591.3		30.4		11,741.6
10% annual discount for estimated timing of cash flows	(3,264.9)		(1,169.3)		(8.5)		(4,442.7)
Standardized measure of discounted future net cash flows	$	5,855.1	$	1,422.0	$	21.9	$	7,299.0
December 31, 2020
Future cash inflows	$	9,976.7	$	4,617.5	$	—	$	14,594.2
Future development costs	(1,289.8)		(404.3)		—		(1,694.1)
Future production costs	(5,777.5)		(2,634.6)		—		(8,412.1)
Future income taxes	—		(166.8)		—		(166.8)
Future net cash flows	2,909.4		1,411.8		—		4,321.2
10% annual discount for estimated timing of cash flows	(1,079.2)		(623.4)		—		(1,702.6)
Standardized measure of discounted future net cash flows	$	1,830.2	$	788.4	$	—	$	2,618.6

1 Includes noncontrolling interest in MP GOM.

2 Totals within the table may not add as a result of rounding.

Principal Sources of Change in the Standardized Measure of Discounted Future Net Cash Flows

Following are the principal sources of change in the standardized measure of discounted future net cash flows for the years shown.


(Millions of dollars)	2022		2021		2020
Net changes in prices and production costs 2	$	4,812.2	$	5,962.1	$	(5,942.1)
Net changes in development costs	(531.1)		(503.6)		2,215.1
Sales and transfers of oil and natural gas produced, net of production costs	(2,917.4)		(2,220.5)		(1,123.1)
Net change due to extensions and discoveries	1,223.5		908.5		568.5
Net change due to purchases and sales of proved reserves	102.1		63.1		(14.6)
Development costs incurred	769.3		619.3		736.8
Accretion of discount	802.6		267.2		699.3
Revisions of previous quantity estimates	1,652.9		277.1		(1,461.3)
Net change in income taxes	(1,399.9)		(692.8)		1,112.4
Net increase (decrease)	4,514.2		4,680.4		(3,209.0)
Standardized measure at January 1	7,299.0		2,618.6		5,827.6
Standardized measure at December 31	$	11,813.2	$	7,299.0	$	2,618.6

1 Includes noncontrolling interest in MP GOM.

2 The average prices used for 2022 were $93.67 per barrel for NYMEX crude oil (WTI) and $6.36 per MCF for natural gas (Henry Hub). The average prices used for 2021 were $66.56 per barrel for NYMEX crude oil (WTI) and $3.60 per MCF for natural gas (Henry Hub). The average prices used for 2020 were $39.57 per barrel for NYMEX crude oil (WTI) and $1.98 per MCF for natural gas (Henry Hub).

Capitalized Costs Relating to Oil and Gas Producing Activities


(Millions of dollars)	United States		Canada		Other		Total
December 31, 2022
Unproved oil and natural gas properties	$	494.6	$	19.2	$	135.1	$	648.9
Proved oil and natural gas properties	15,051.9		4,684.8		55.9		19,792.6
Gross capitalized costs	15,546.5		4,704.0		191.0		20,441.5
Accumulated depreciation, depletion and amortization
Unproved oil and natural gas properties	(117.8)		—		(14.7)		(132.5)
Proved oil and natural gas properties	(8,873.6)		(3,208.0)		(41.3)		(12,122.9)
Net capitalized costs	$	6,555.1	$	1,496.0	$	135.0	$	8,186.1
December 31, 2021
Unproved oil and natural gas properties	$	602.8	$	17.7	$	141.7	$	762.2
Proved oil and natural gas properties	14,690.7		4,865.1		100.0		19,655.8
Gross capitalized costs	15,293.5		4,882.8		241.7		20,418.0
Accumulated depreciation, depletion and amortization
Unproved oil and natural gas properties	(109.1)		—		(22.0)		(131.1)
Proved oil and natural gas properties	(8,821.5)		(3,320.5)		(69.0)		(12,211.0)
Net capitalized costs	$	6,362.9	$	1,562.3	$	150.7	$	8,075.9

- Definition

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References + Details

- Definition

Tabular disclosure of the future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchase under long-term agreements in which the enterprise participates in the operation of the properties on which the oil and gas is located or otherwise serves as the producer. This information is presented in aggregate and for each geographic area for which reserve quantities are disclosed.

+ References + Details