v3.25.4
Property, Plant And Equipment And Asset Retirement Obligations (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant And Equipment And Asset Retirement Obligations [Abstract]  
Property, Plant And Equipment
Property, Plant, and Equipment
(millions of dollars)
December 31, 2025December 31, 2024
CostNetCostNet
 
Upstream436,018 228,235 423,038 226,021 
Energy Products60,261 29,547 58,259 28,349 
Chemical Products39,594 20,053 39,224 19,973 
Specialty Products8,820 4,333 9,559 4,229 
Other25,366 17,205 23,823 15,746 
Total570,059 299,373 553,903 294,318 
Schedule of Asset Retirement Obligations
The following table summarizes the activity in the liability for asset retirement obligations:
(millions of dollars)202520242023
 
Balance at January 112,032 12,989 10,491 
Accretion expense and other provisions623 709 734 
Reduction due to property sales(927)(1,445)(288)
Payments made(1,289)(1,191)(693)
Liabilities incurred539 728 985 
Foreign currency translation386 (447)124 
Revisions1,154 689 1,636 
Balance at December 3112,518 12,032 12,989