v3.25.2
Fixed Assets
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Fixed Assets

5. Fixed Assets

Fixed assets consist of the following:

 

(Stated in millions)

 

 

 

 

 

 

 

 

Jun. 30,

 

 

Dec. 31,

 

 

2025

 

 

2024

 

Property, plant & equipment

$

30,332

 

$

29,573

 

Less: Accumulated depreciation

 

22,933

 

 

22,214

 

$

7,399

 

$

7,359

 

 

Depreciation expense relating to fixed assets was as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

2025

 

 

2024

 

Second Quarter

$

408

 

$

384

 

Six Months

$

805

 

$

761