v3.25.4
Properties, Plant and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Properties, Plant and Equipment
Properties, Plant and Equipment1
At December 31Year ended December 31
Gross Investment at CostNet Investment
Additions at Cost2
Depreciation Expense3
202520242023202520242023202520242023202520242023
Upstream
United States$154,579 $124,439 $117,955 $74,567 $52,428 $50,390 $31,835 $9,591 $20,408 $9,694 $7,562 $7,666 
International233,908 176,401 183,996 126,252 76,642 84,561 58,357 4,426 4,130 8,751 7,935 8,109 
Total Upstream388,487 300,840 301,951 200,819 129,070 134,951 90,192 14,017 24,538 18,445 15,497 15,775 
Downstream
United States33,398 32,336 31,192 13,718 13,667 13,521 646 1,217 1,623 1,100 1,091 931 
International8,509 8,331 8,401 2,883 2,946 3,122 249 245 237 304 360 301 
Total Downstream41,907 40,667 39,593 16,601 16,613 16,643 895 1,462 1,860 1,404 1,451 1,232 
All Other
United States4,401 4,304 4,390 2,243 2,082 1,991 439 355 311 273 328 313 
International160 122 147 66 34 34 42 7 15 10 6 6 
Total All Other4,561 4,426 4,537 2,309 2,116 2,025 481 362 326 283 334 319 
Total United States192,378 161,079 153,537 90,528 68,177 65,902 32,920 11,163 22,342 11,067 8,981 8,910 
Total International242,577 184,854 192,544 129,201 79,622 87,717 58,648 4,678 4,382 9,065 8,301 8,416 
Total$434,955 $345,933 $346,081 $219,729 $147,799 $153,619 $91,568 $15,841 $26,724 $20,132 $17,282 $17,326 
1Other than the United States, Guyana and Australia, no other country accounted for 10 percent or more of the company’s net properties, plant and equipment (PP&E) in 2025.Guyana had PP&E of $50,960 in 2025. Australia had PP&E of $36,761, $38,969 and $41,409 in 2025, 2024 and 2023, respectively. Gross Investment at Cost and Additions at Cost for 2025 each include $73,538 associated with the acquisition of Hess. Gross Investment at Cost and Additions at Cost for 2023 each include $10,487 associated with the PDC acquisition.
2Net of dry hole expense related to prior years’ expenditures of $33, $98 and $110 in 2025, 2024 and 2023, respectively.
3Depreciation expense includes accretion expense of $620, $586 and $593 in 2025, 2024 and 2023, respectively, and impairments and write-offs of $133, $500 and $2,180 in 2025, 2024 and 2023, respectively.