Supplemental Information on Oil and Gas Producing Activities (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental Information on Oil and Gas Producing Activities (Unaudited)

Schedule of capitalized costs relating to oil and gas producing activities

	Year Ended December 31,
	2022		2023
Proved properties	$	13,234,777		13,908,804
Unproved properties		997,715		974,642
Total oil and gas properties		14,232,492		14,883,446
Accumulated depletion		(4,624,674)		(4,996,691)
Net capitalized costs	$	9,607,818		9,886,755

Schedule of costs incurred in certain oil and gas activities

	Year Ended December 31,
	2021		2022		2023
Acquisition costs:
Unproved property	$	79,138		149,009		151,135
Development costs		581,352		775,106		956,267
Exploration costs		19,822		5,543		8,079
Total costs incurred	$	680,312		929,658		1,115,481

Schedule of results of operations for oil and gas producing activities

	Year Ended December 31,
	2021		2022		2023
Revenues	$	5,790,759		8,294,749		4,276,445
Operating expenses:
Production expenses		2,793,877		2,992,381		2,919,654
Exploration expenses		1,164		3,651		2,691
Depletion		735,687		737,504		682,109
Impairment of unproved properties		90,523		98,324		51,302
Results of operations before income tax expense		2,169,508		4,462,889		620,689
Income tax expense		(520,168)		(959,477)		(135,063)
Results of operations	$	1,649,340		3,503,412		485,626

Schedule of proved developed and undeveloped reserves

			Oil and
	Natural Gas	NGLs	Condensate	Equivalents
	(Bcf)	(MMBbl)	(MMBbl)	(Bcfe)
Proved reserves:
December 31, 2020 (1)	10,025	1,236	33	17,635
Revisions	993	77	6	1,486
Extensions, discoveries and other additions	349	18	2	472
Production	(826)	(58)	(4)	(1,194)
Sales	(337)	(54)	(1)	(670)
December 31, 2021 (1)	10,204	1,219	36	17,729
Revisions	427	32	(4)	596
Extensions, discoveries and other additions	437	25	2	604
Production	(798)	(59)	(3)	(1,170)
December 31, 2022 (1)	10,270	1,217	31	17,759
Revisions	863	54	—	1,187
Extensions, discoveries and other additions	296	18	2	413
Production	(815)	(67)	(4)	(1,238)
December 31, 2023 (1)	10,614	1,222	29	18,121

(1) Proved reserves for the noncontrolling interests in Martica as of December 31, 2021 were 167 Bcfe, which consisted of 101 Bcf of natural gas, 11 MMBbl of NGLs and 0.4 MMBbl of oil and condensate. Proved reserves for the noncontrolling interests in Martica as of December 31, 2022 were 92 Bcfe, which consisted of 71 Bcf of natural gas, 3 MMBbl of NGLs and 0.2 MMBbl of oil and condensate. Proved reserves for the noncontrolling interests in Martica as of December 31, 2023 were 75 Bcfe, which consisted of 58 Bcf of natural gas, 3 MMBbl of NGLs and 0.1 MMBbl of oil and condensate.

			Oil and
	Natural Gas	NGLs	Condensate	Equivalents
	(Bcf)	(MMBbl)	(MMBbl)	(Bcfe)
Proved developed reserves:
December 31, 2021 (1)	7,395	876	17	12,753
December 31, 2022 (1)	7,699	930	16	13,373
December 31, 2023 (1)	7,912	963	15	13,783
Proved undeveloped reserves:
December 31, 2021 (2)	2,809	343	19	4,976
December 31, 2022 (2)	2,571	287	15	4,386
December 31, 2023 (2)	2,702	259	14	4,338

(1) Proved developed reserves for the noncontrolling interests in Martica as of December 31, 2021 were 133 Bcfe, which consisted of 78 Bcf of natural gas, 9 MMBbl of NGLs and 0.2 MMBbl of oil and condensate. Proved developed reserves for the noncontrolling interests in Martica as of December 31, 2022 were 91 Bcfe, which consisted of 70 Bcf of natural gas, 3 MMBbl of NGLs and 0.2 MMBbl of oil and condensate. Proved developed reserves for the noncontrolling interests in Martica as of December 31, 2023 were 75 Bcfe, which consisted of 58 Bcf of natural gas, 3 MMBbl of NGLs and 0.1 MMBbl of oil and condensate.

(2) Proved undeveloped reserves for the noncontrolling interests in Martica as of December 31, 2021 were 34 Bcfe, which consisted of 23 Bcf of natural gas, 2 MMBbl of NGLs and 0.2 MMBbl of oil and condensate. Proved undeveloped reserves for the noncontrolling interests in Martica as of December 31, 2022 were 1 Bcfe, which consisted entirely of natural gas. There were no proved undeveloped reserves for the noncontrolling interests in Martica as of December 31, 2023.

Schedule of standardized measure of discounted future net cash flows attributable to proved reserves

	Year Ended December 31,
	2021		2022		2023
Future cash inflows	$	74,622		109,052		58,061
Future production costs		(34,665)		(39,378)		(41,887)
Future development costs		(1,704)		(2,073)		(2,027)
Future net cash flows before income tax		38,253		67,601		14,147
Future income tax expense		(7,813)		(13,692)		(2,178)
Future net cash flows		30,440		53,909		11,969
10% annual discount for estimated timing of cash flows		(17,007)		(30,345)		(6,874)
Standardized measure of discounted future net cash flows (1)	$	13,433		23,564		5,095

(1) The standardized measure of discounted future net cash flows for the noncontrolling interests in Martica were $501 million, $458 million and $170 million for the years ended December 31, 2021, 2022 and 2023, respectively.

Schedule of weighted average prices used to estimate the Company's total equivalent reserves

	Year Ended December 31,
	2021		2022		2023
12-month weighted average price	$	4.21		6.14		3.20

Schedule of changes in standardized measure of discounted future net cash flow

	Year Ended December 31,
	2021		2022		2023
Sales of oil and gas, net of productions costs	$	(2,917)		(5,302)		(1,357)
Net changes in prices and production costs (1)		14,099		13,793		(25,672)
Development costs incurred during the period		454		448		637
Net changes in future development costs		(117)		(289)		(96)
Extensions, discoveries and other additions		504		1,068		69
Divestitures		(125)		—		—
Revisions of previous quantity estimates		2,543		1,475		190
Accretion of discount		121		1,655		2,947
Net change in income taxes		(3,115)		(2,787)		5,069
Changes in timing and other		776		70		(256)
Net increase (decrease)		12,223		10,131		(18,469)
Beginning of year		1,210		13,433		23,564
End of year (2)	$	13,433		23,564		5,095

(1) The net changes in prices and production costs are calculated prior to the consideration of future income tax expense. The Standardized Measure included future income tax expense of $7.8 billion, $13.7 billion and $2.2 billion for the years ended December 31, 2021, 2022 and 2023, respectively.

(2) The standardized measure for the noncontrolling interests in Martica were $501 million, $458 million and $170 million for the years ended December 31, 2021, 2022 and 2023, respectively.