Intangible and tangible assets (Tables)

12 Months Ended

Dec. 31, 2025

Intangible and tangible assets

Schedule of intangible assets


As of December 31, 2025				Amortization and
(M$)		Cost		impairment		Net
Goodwill		12,881		(380)		12,501
Proved mineral interests		18,972		(9,449)		9,523
Unproved mineral interests		14,108		(2,931)		11,177
Other intangible assets		9,073		(4,929)		4,144
TOTAL INTANGIBLE ASSETS		55,034		(17,689)		37,345


As of December 31, 2024				Amortization and
(M$)		Cost		impairment		Net
Goodwill		11,654		(389)		11,265
Proved mineral interests		18,218		(9,518)		8,700
Unproved mineral interests		14,124		(2,974)		11,150
Other intangible assets		7,204		(4,081)		3,123
TOTAL INTANGIBLE ASSETS		51,200		(16,962)		34,238


As of December 31, 2023				Amortization and
(M$)		Cost		impairment		Net
Goodwill		10,484		(533)		9,951
Proved mineral interests		17,713		(9,704)		8,009
Unproved mineral interests		14,976		(2,624)		12,352
Other intangible assets		7,354		(4,583)		2,771
TOTAL INTANGIBLE ASSETS		50,527		(17,444)		33,083

Schedule of change in net intangible assets

Currency

Net amount as of

Amortization and

translation

Net amount as of

(M$)

January 1,

 

Expenditures

 

Disposals

 

impairment

 

adjustment

 

Other

December 31,

2025

34,238

1,197

(236)

(1,443)

1,161

2,428

37,345

2024

33,083

1,438

(19)

(1,502)

(494)

1,732

34,238

2023

31,931

1,244

(458)

(1,630)

148

1,848

33,083

Summary of changes in carrying amount of goodwill by business segment


		Net goodwill as of								Net goodwill as of
(M$)		January 1, 2025		Increases		Impairments		Other		December 31, 2025
Exploration & Production		2,482		–		–		(8)		2,474
Integrated LNG		3,304		(14)		–		186		3,476
Integrated Power		4,360		828		(34)		214		5,368
Refining & Chemicals		643		–		–		(35)		608
Marketing & Services		473		–		(13)		111		571
Corporate		3		–		–		1		4
TOTAL		11,265		814		(47)		469		12,501

Schedule of property, plant and equipment, including analysis of changes


As of December 31, 2025				Depreciation and
(M$)		Cost		impairment		Net
Property, plant and equipment of exploration and production activities
Proved properties		198,464		(136,430)		62,034
Unproved properties		1,544		(160)		1,384
Work in progress		24,239		(571)		23,668
Subtotal		224,247		(137,161)		87,086
Other property, plant and equipment
Land		2,826		(1,245)		1,581
Machinery, plant and equipment (including transportation equipment)		43,482		(31,114)		12,368
Buildings		10,487		(7,049)		3,438
Work in progress		5,886		(105)		5,781
Other		12,923		(8,483)		4,440
Subtotal		75,604		(47,996)		27,608
TOTAL PROPERTY, PLANT AND EQUIPMENT		299,851		(185,157)		114,694


As of December 31, 2024				Depreciation and
(M$)		Cost		impairment		Net
Property, plant and equipment of exploration and production activities
Proved properties		202,731		(140,850)		61,881
Unproved properties		1,370		(160)		1,210
Work in progress		20,640		(312)		20,328
Subtotal		224,741		(141,322)		83,419
Other property, plant and equipment
Land		2,598		(1,044)		1,554
Machinery, plant and equipment (including transportation equipment)		39,315		(27,116)		12,199
Buildings		9,390		(6,192)		3,198
Work in progress		4,382		(31)		4,351
Other		12,059		(7,685)		4,374
Subtotal		67,744		(42,068)		25,676
TOTAL PROPERTY, PLANT AND EQUIPMENT		292,485		(183,390)		109,095


As of December 31, 2023				Depreciation and
(M$)		Cost		impairment		Net
Property, plant and equipment of exploration and production activities
Proved properties		201,961		(144,082)		57,879
Unproved properties		1,455		(268)		1,187
Work in progress		23,729		(443)		23,286
Subtotal		227,145		(144,793)		82,352
Other property, plant and equipment
Land		2,837		(1,008)		1,829
Machinery, plant and equipment (including transportation equipment)		38,769		(27,222)		11,547
Buildings		9,529		(6,105)		3,424
Work in progress		5,262		(23)		5,239
Other		12,344		(7,819)		4,525
Subtotal		68,741		(42,177)		26,564
TOTAL PROPERTY, PLANT AND EQUIPMENT		295,886		(186,970)		108,916

Change in net property, plant and equipment is analyzed in the following table:

Currency

Net amount as of

Depreciation and

translation

Net amount as of

(M$)

 

January 1,

 

Expenditures

 

Disposals

 

impairment

 

adjustment

 

Other

 

December 31,

2025

109,095

15,756

(1,039)

(12,801)

3,164

519

114,694

2024

108,916

13,471

(573)

(12,076)

(1,806)

1,163

109,095

2023

107,101

16,478

(3,781)

(12,448)

415

1,151

108,916

Schedule of facilities and equipment under leases


As of December 31, 2025				Depreciation and
(M$)		Cost		impairment		Net
Property, plant and equipment of exploration and production activities		6,533		(3,127)		3,406
Other property, plant and equipment
Land		1,285		(592)		693
Machinery, plant and equipment (including transportation equipment)		6,028		(3,362)		2,666
Buildings		1,490		(789)		701
Other		1,062		(660)		402
Subtotal		9,865		(5,403)		4,462
TOTAL PROPERTY, PLANT AND EQUIPMENT		16,398		(8,530)		7,868


As of December 31, 2024				Depreciation and
(M$)		Cost		impairment		Net
Property, plant and equipment of exploration and production activities		5,918		(2,611)		3,307
Other property, plant and equipment
Land		1,183		(453)		730
Machinery, plant and equipment (including transportation equipment)		5,371		(2,760)		2,611
Buildings		1,365		(703)		662
Other		898		(534)		364
Subtotal		8,817		(4,450)		4,367
TOTAL PROPERTY, PLANT AND EQUIPMENT		14,735		(7,061)		7,674


As of December 31, 2023				Depreciation and
(M$)		Cost		impairment		Net
Property, plant and equipment of exploration and production activities		4,770		(1,927)		2,843
Other property, plant and equipment
Land		1,383		(415)		968
Machinery, plant and equipment (including transportation equipment)		4,751		(2,235)		2,516
Buildings		1,332		(614)		718
Other		908		(529)		379
Subtotal		8,374		(3,793)		4,581
TOTAL PROPERTY, PLANT AND EQUIPMENT		13,144		(5,720)		7,424