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Fixed Assets
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Fixed Assets

5. Fixed Assets

Fixed assets consist of the following:

 

(Stated in millions)

 

 

 

 

 

 

 

 

Jun. 30,

 

 

Dec. 31,

 

 

2024

 

 

2023

 

Property, plant & equipment

$

30,198

 

$

29,965

 

Less: Accumulated depreciation

 

22,863

 

 

22,725

 

$

7,335

 

$

7,240

 

 

Depreciation expense relating to fixed assets was as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

2024

 

 

2023

 

Second Quarter

$

384

 

$

353

 

Six Months

$

761

 

$

700