Asset Retirement Obligations and Accrued Environmental Costs (Tables) |
12 Months Ended |
|---|---|
Dec. 31, 2021 | |
| Asset Retirement Obligations and Accrued Environmental Costs [Abstract] | |
| Asset Retirement Obligations and Accrued Environmental Costs | Asset retirement obligations Millions of Dollars 2021 2020 Asset retirement obligations $ 5,926 5,573 Accrued environmental costs 187 180 Total 6,113 5,753 Asset retirement obligations (359) (323) Long-term asset retirement obligations $ 5,754 5,430 *Classified as a current liability on the balance sheet under “Other accruals.” |
| Changes in Asset Retirement Obligation | During 2021 and 2020, our overall ARO changed as Millions of Dollars 2021 2020 Balance at January 1 $ 5,573 6,206 Accretion of discount 238 248 New obligations 555 262 Changes in estimates of existing (113) (307) Spending on existing obligations (164) (116) Property dispositions (108) (771) Foreign currency translation (55) 51 Balance at December 31 $ 5,926 5,573 |