CAPITALIZED EXPLORATORY WELL COSTS	3 Months Ended
Mar. 31, 2026
Extractive Industries [Abstract]
CAPITALIZED EXPLORATORY WELL COSTS	CAPITALIZED EXPLORATORY WELL COSTS The Company’s capitalized exploratory well costs were $344 million and $338 million as of March 31, 2026 and December 31, 2025, respectively. The increase is attributable to additional drilling activity partially offset by successful transfer of well costs in Egypt. No suspended exploratory well costs previously capitalized for greater than one year at December 31, 2025 were charged to dry hole expense during the first quarter of 2026. Similarly, during the first quarter of 2025, no such costs were charged to dry hole expense. Projects with suspended exploratory well costs capitalized for a period greater than one year since the completion of drilling are those identified by management as exhibiting sufficient quantities of hydrocarbons to justify potential development. Management is actively pursuing efforts to assess whether proved reserves can be attributed to these projects.

CAPITALIZED EXPLORATORY WELL COSTS

3 Months Ended

Mar. 31, 2026

The Company’s capitalized exploratory well costs were $344 million and $338 million as of March 31, 2026 and December 31, 2025, respectively. The increase is attributable to additional drilling activity partially offset by successful transfer of well costs in Egypt. No suspended exploratory well costs previously capitalized for greater than one year at December 31, 2025 were charged to dry hole expense during the first quarter of 2026. Similarly, during the first quarter of 2025, no such costs were charged to dry hole expense.

Projects with suspended exploratory well costs capitalized for a period greater than one year since the completion of drilling are those identified by management as exhibiting sufficient quantities of hydrocarbons to justify potential development. Management is actively pursuing efforts to assess whether proved reserves can be attributed to these projects.