v3.19.3.a.u2
Property, Plant And Equipment And Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2019
Property, Plant And Equipment And Asset Retirement Obligations [Abstract]  
Property, Plant And Equipment

 

 

 

December 31, 2019

 

December 31, 2018

Property, Plant and Equipment

 

Cost

 

Net

 

Cost

 

Net

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

Upstream

 

376,041

 

196,767

 

372,791

 

194,662

Downstream

 

52,527

 

24,506

 

48,241

 

21,448

Chemical

 

40,788

 

21,260

 

39,008

 

20,551

Other

 

17,346

 

10,485

 

17,150

 

10,440

 

Total

 

486,702

 

253,018

 

477,190

 

247,101

Asset Retirement Obligations

 

 

 

2019

 

2018

 

 

 

(millions of dollars)

 

 

 

 

 

 

Beginning balance

 

12,103

 

12,705

 

Accretion expense and other provisions

 

649

 

681

 

Reduction due to property sales

 

(1,085)

 

(333)

 

Payments made

 

(827)

 

(600)

 

Liabilities incurred

 

89

 

46

 

Foreign currency translation

 

84

 

(481)

 

Revisions

 

267

 

85

Ending balance

 

11,280

 

12,103