v3.26.1
Exploration and Evaluation Assets
 12 Months Ended
Dec. 31, 2025
Exploration For And Evaluation Of Mineral Resources [Abstract]  
Exploration and Evaluation Assets Exploration and Evaluation Assets
 
          Exploration and Production
Oil Sands
 Mining and
Upgrading
Total
 
North America
North Sea
Offshore Africa
 
 
Cost     
At December 31, 2023$2,031 $— $100 $77 $2,208 
Additions, net 102 — 6 — 108 
Acquisition of Chevron's assets (1)
320 — — — 320 
Transfers to property, plant and equipment(45)— — (7)(52)
Derecognitions and other (2)
— — (62)— (62)
Foreign exchange adjustments— — 4 — 4 
At December 31, 20242,408 — 48 70 2,526 
Additions/Acquisitions, net (1)
207 — — 1 208 
Transfers to property, plant and equipment(21)— — (14)(35)
Derecognitions and other (3)
— — (46)— (46)
Foreign exchange adjustments— — (2)— (2)
At December 31, 2025$2,594 $— $— $57 $2,651 
(1)Refer to note 6 for further details on acquisitions completed in 2024 and 2025.
(2)In connection with the Company's notice of withdrawal from Block 11B/12B in South Africa in 2024, the Company derecognized $62 million of exploration and evaluation assets through depletion, depreciation and amortization expense.
(3)In connection with the Company's decision in 2025 to not pursue development of Kossipo in Offshore Africa, the Company derecognized $46 million of exploration and evaluation assets through depletion, depreciation and amortization expense.