Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Lease, Liability, Maturity

At December 31, 2023, contractual obligations for long-term operating leases, finance leases, and purchase obligations are as follows:


Net Minimum Commitments(1)	Operating Leases(2)		Finance Lease(3)		Purchase Obligations(4)(5)

	(In millions)
2024	$	115	$	3	$	250
2025	35		3		197
2026	21		4		766
2027	23		4		143
2028	22		4		141
Thereafter	129		23		208
Total future minimum payments	345		41		$	1,705
Less: imputed interest	(65)		(9)		N/A
Total lease liabilities	280		32		N/A
Current portion	115		2		N/A
Non-current portion	$	165	$	30	N/A

(1)Excludes commitments for jointly owned fields and facilities for which the Company is not the operator.

(2)Amounts represent future payments associated with oil and gas operations inclusive of amounts billable to partners and other working interest owners. Such payments may be capitalized as a component of oil and gas properties and subsequently depreciated, impaired, or written off as exploration expense.

(3)Amounts represent the Company’s finance lease obligation related to the Company’s Midland, Texas regional office building.

(4)Amounts represent any agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms. These include minimum commitments associated with take-or-pay contracts, NGL processing agreements, drilling work program commitments, and agreements to secure capacity rights on third-party pipelines. Amounts exclude certain product purchase obligations related to marketing and trading activities for which there are no minimum purchase requirements or the amounts are not fixed or determinable. Total costs incurred under take-or-pay and throughput obligations were $182 million, $183 million, and $194 million in 2023, 2022, and 2021, respectively.

(5)Under terms agreed to in the Egypt merged concession agreement entered into in 2021, the Company committed to spend a minimum of $3.5 billion on exploration, development, and operating activities by March 31, 2026. As of December 31, 2023, the Company has spent $2.9 billion and believes it will be able to satisfy the remaining obligation within its current exploration and development program.

Schedule of Long-term Purchase Commitment

At December 31, 2023, contractual obligations for long-term operating leases, finance leases, and purchase obligations are as follows:


Net Minimum Commitments(1)	Operating Leases(2)		Finance Lease(3)		Purchase Obligations(4)(5)

	(In millions)
2024	$	115	$	3	$	250
2025	35		3		197
2026	21		4		766
2027	23		4		143
2028	22		4		141
Thereafter	129		23		208
Total future minimum payments	345		41		$	1,705
Less: imputed interest	(65)		(9)		N/A
Total lease liabilities	280		32		N/A
Current portion	115		2		N/A
Non-current portion	$	165	$	30	N/A

(1)Excludes commitments for jointly owned fields and facilities for which the Company is not the operator.

(2)Amounts represent future payments associated with oil and gas operations inclusive of amounts billable to partners and other working interest owners. Such payments may be capitalized as a component of oil and gas properties and subsequently depreciated, impaired, or written off as exploration expense.

(3)Amounts represent the Company’s finance lease obligation related to the Company’s Midland, Texas regional office building.

(4)Amounts represent any agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms. These include minimum commitments associated with take-or-pay contracts, NGL processing agreements, drilling work program commitments, and agreements to secure capacity rights on third-party pipelines. Amounts exclude certain product purchase obligations related to marketing and trading activities for which there are no minimum purchase requirements or the amounts are not fixed or determinable. Total costs incurred under take-or-pay and throughput obligations were $182 million, $183 million, and $194 million in 2023, 2022, and 2021, respectively.

(5)Under terms agreed to in the Egypt merged concession agreement entered into in 2021, the Company committed to spend a minimum of $3.5 billion on exploration, development, and operating activities by March 31, 2026. As of December 31, 2023, the Company has spent $2.9 billion and believes it will be able to satisfy the remaining obligation within its current exploration and development program.