Suspended Wells and Exploration Expenses |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Extractive Industries [Abstract] | |
| Suspended Wells and Exploration Expenses | Note 6—Suspended Wells and Exploration Expenses The capitalized cost of suspended wells at June 30, 2025 was $209 million, an increase of $13 million from December 31, 2024. In the second quarter of 2025, the second Slagugle appraisal well in PL891 in the Norwegian Sea was drilled and the presence of hydrocarbons was confirmed, resulting in a $77 million increase to our suspended wells costs. We also divested certain Lower 48 offshore interests in partner-operated assets, which included $31 million of suspended wells costs. See Note 3. In the first quarter of 2025, we recognized dry hole expenses of $36 million related to certain previously suspended wells that were capitalized for a period greater than one year in our Asia Pacific segment
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