Commitments

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments

Note P – Commitments

The Company has operating, production handling and transportation service agreements for oil and/or natural gas operations in the U.S. and Canada Onshore. The U.S. Onshore and U.S. Offshore transportation contracts require minimum monthly payments through 2045, while the Canada Onshore transportation contracts call for minimum monthly payments through 2051. In the U.S. and Canada Onshore, future required minimum annual payments for the next five years are $132.8 million in 2026, $107.3 million in 2027, $97.6 million in 2028, $66.3 million in 2029 and $45.8 million in 2030. Under certain circumstances, the Company is required to pay additional amounts depending on the actual hydrocarbon quantities processed under the agreement. 

Commitments for Vietnam in Other Offshore include future operating agreements for production activities. Annual payments for the next five years are $23.6 million in 2026, $23.1 million in 2027, $24.0 million in 2028, $23.9 million in 2029 and $24.2 million in 2030.

Commitments for capital expenditures were approximately $551.2 million at December 31, 2025, primarily consisting of $245.3 million for the Gulf of America, $82.6 million for the Eagle Ford Shale, $49.8 million for Canada, $127.5 million for Vietnam, and $45.0 million in for Côte d’Ivoire.