PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2026

Disclosure of detailed information about property, plant and equipment [abstract]

PROPERTY, PLANT AND EQUIPMENT, NET



12. PROPERTY, PLANT AND EQUIPMENT, NET


			Crude Oil and Natural Gas Properties						Processing, Transportation and Storage Assets						Refining Assets						Other Assets (1)						Total
COST
As at December 31, 2025			65,567						275						7,147						1,959						74,948
Acquisitions			8						—						—						—						8
Additions			3,346						—						427						15						3,788
Transfer from E&E (Note 11)			4						—						—						—						4
Change in Decommissioning Liabilities			20						—						—						—						20
Divestitures			(23)						—						—						(249)						(272)
Exchange Rate Movements and Other			87						—						162						10						259

As at September 30, 2026			69,009						275						7,736						1,735						78,755

ACCUMULATED DEPRECIATION, DEPLETION AND AMORTIZATION
As at December 31, 2025			25,208						143						2,834						1,503						29,688
Depreciation, Depletion and Amortization			3,741						5						396						54						4,196


Divestitures			(21)						—						—						(49)						(70)
Exchange Rate Movements and Other			55						—						85						(3)						137

As at September 30, 2026			28,983						148						3,315						1,505						33,951

CARRYING VALUE
As at December 31, 2025			40,359						132						4,313						456						45,260
As at September 30, 2026			40,026						127						4,421						230						44,804

(1)Includes office furniture, fixtures, leasehold improvements, land, information technology and aircraft.