v3.25.4
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Outstanding The company’s long-term debt outstanding at year-end 2025 and 2024 was as follows:
At December 31
20252024
Weighted Average Interest Rate (%)1
Range of Interest Rates (%)2
PrincipalPrincipal
Notes due 20262.9542,250 2,250 
Notes due 20273.594
1.018 - 8.000
5,000 2,000 
Notes due 20284.762
3.850 - 5.875
4,700 600 
Notes due 20295.872
3.250 - 7.875
1,567 500 
Notes due 20303.955
2.236 - 5.500
5,350 1,500 
Notes and Debentures due 20317.484
7.300 - 8.625
734 102 
Notes and Debentures due 20324.944
4.500 - 8.625
2,083 183 
Notes due 20337.125540 — 
Notes due 20354.909
4.850 - 4.980
1,650 — 
Notes due 20405.152
2.978 - 6.000
1,043 293 
Notes due 20415.696
5.600 - 6.000
1,646 397 
Notes due 20435.250330 330 
Notes due 20445.050222 222 
Notes due 20475.569
4.950 - 5.800
687 187 
Notes due 20494.200237 237 
Notes due 20502.763
2.343 - 3.078
1,750 1,750 
Notes due 20753.722154 — 
Debentures due 20977.25060 60 
Bank loans due 2026 to 20285.460
2.448 - 8.040
532 193 
Term loans and credit facility borrowings7.320
7.250 - 8.136
367 — 
Medium-term notes, maturing from 2033 to 20385.786
3.688 - 7.840
20 20 
Notes due 2025 4,012 
Total including debt due within one year$30,922 14,836 
Debt due within one year(2,345)(4,012)
Fair market value adjustment for debt acquired in the Noble and Hess acquisitions649 529 
Reclassified from short-term debt9,941 8,250 
Unamortized discounts and debt issuance costs(45)(14)
Finance lease liabilities3
659 546 
Total long-term debt$39,781 $20,135 
1 Weighted-average interest rate at December 31, 2025.
2 Range of interest rates at December 31, 2025.
3 For details on finance lease liabilities, see Note 5 Lease Commitments.