Exploratory Well and Project Costs (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of capitalized exploratory well costs, roll forward

The changes in capitalized exploratory well and project costs are as follows:


	Nine Months Ended September 30, 2023

	(in millions)
Beginning capitalized exploratory well and project costs	$	834
Additions to exploratory well and project costs pending the determination of proved reserves	3,047

Reclassifications due to determination of proved reserves	(2,678)


Ending capitalized exploratory well and project costs	$	1,203

Schedule of capitalized exploratory costs and the number of projects for which exploratory costs have been capitalized

Aging of capitalized exploratory costs and the number of projects for which exploratory well costs have been capitalized based on the date drilling was completed, are as follows:


	As of September 30, 2023		As of December 31, 2022


	(in millions, except project counts)
One year or less	$	1,203	$	834
More than one year	—		—
	$	1,203	$	834
Number of projects with exploratory well costs that have been suspended for a period greater than one year	—		—