XML 63 R33.htm IDEA: XBRL DOCUMENT v3.22.4
CAPITALIZED EXPLORATORY WELL COSTS (Tables)
 12 Months Ended
Dec. 31, 2022
Extractive Industries [Abstract]  
Schedule of Capitalized Exploratory Well Costs, Roll Forward
The following summarizes the changes in capitalized exploratory well costs for the years ended December 31, 2022, 2021, and 2020. Additions pending the determination of proved reserves excludes amounts capitalized and subsequently charged to expense within the same year.
For the Year Ended December 31,
202220212020
(In millions)
Capitalized well costs at beginning of year$46 $197 $141 
Additions pending determination of proved reserves138 62 226 
Divestitures and other— (163)(38)
Reclassifications to proved properties(110)(40)(56)
Charged to exploration expense(24)(10)(76)
Capitalized well costs at end of year$50 $46 $197 
Schedule of Aging of Capitalized Exploratory Well Costs
The following provides an aging of capitalized exploratory well costs and the number of projects for which exploratory well costs have been capitalized for a period greater than one year since the completion of drilling as of December 31:
202220212020
(In millions)
Exploratory well costs capitalized for a period of one year or less$34 $13 $184 
Exploratory well costs capitalized for a period greater than one year16 33 13 
Capitalized well costs at end of year$50 $46 $197 
Number of projects with exploratory well costs capitalized for a period greater than one year10 9 5 
Schedule of Projects with Exploratory Well Costs Capitalized for More than One Year
The following table summarizes aging by geographic area of those exploratory well costs that, as of December 31, 2022, have been capitalized for a period greater than one year, categorized by the year in which drilling was completed:
Total202120202019
and Prior
(In millions)
Egypt$14 $5 $— $9 
North Sea2 2 — — 
$16 $7 $— $9