DIRECT OPERATING COSTS (Tables)

6 Months Ended

Jun. 30, 2026

Expenses by nature [abstract]

Direct operating costs

The following table lists direct operating costs for the three and six-month periods ended June 30, 2026, and 2025.


						For the three-month period ended June 30												For the six-month period ended June 30
US$ MILLIONS						2026						2025						2026						2025
Depreciation and amortization						$	1,095					$	941					$	2,170					$	1,901
Cost of inventory						1,040						587						1,828						1,209
Compensation						819						792						1,654						1,545
Fuel, transportation and distribution costs						587						527						1,119						1,058
Operations and maintenance costs						496						325						988						623
Marketing and administrative costs						343						299						694						573
Utilities						249						288						516						570
Other direct operating costs						263						236						528						480
Total						$	4,892					$	3,995					$	9,497					$	7,959