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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
CASH FLOW FROM OPERATING ACTIVITIES        
Net income $ 64 $ 345 $ 351 $ 343
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation, depletion and amortization 123 140 382 246
Asset impairments 2 0 2 13
Deferred income tax provision 35 90 76 84
Net loss (gain) from commodity derivatives 50 (347) (116) (279)
Net proceeds (payments) on settled commodity derivatives 6 (29) (12) (53)
Net loss on early extinguishment of debt 0 5 1 5
Gain on asset divestitures 1 0 1 (7)
Other non-cash charges to income, net 41 45 110 97
Net changes in operating assets and liabilities (43) (29) (165) (45)
Net cash provided by operating activities 279 220 630 404
CASH FLOW FROM INVESTING ACTIVITIES        
Capital investments (91) (79) (202) (167)
Changes in accrued capital investments 5 6 (10) 8
Proceeds from asset divestitures 1 0 2 12
Purchase of a business, net of cash acquired 0 (853) (853)
Acquisitions 0 0 0 (6)
Other, net (2) (2) (7) (4)
Net cash used in investing activities (87) (928) (217) (1,010)
CASH FLOW FROM FINANCING ACTIVITIES        
Proceeds from Revolving Credit Facility 150 0 150 30
Repayments of Revolving Credit Facility (150) (30) (150) (30)
Proceeds from 2029 Senior Notes, net 0 298 0 888
Repurchases of common stock (34) (42) (352) (135)
Common stock dividends (32) (34) (102) (77)
Dividend equivalents on equity-settled awards 0 0 (1) (4)
Issuance of common stock 0 0 2 2
Bridge loan commitments 0 0 0 (5)
Stock warrants exercised 0 37 0 37
Debt amendment costs 0 (7) 0 (10)
Shares cancelled for taxes (1) 0 (12) (42)
Debt issuance costs (1) 0 (1) 0
Debt redemption 0 (303) (123) (303)
Other 0 (1) 0 0
Net cash (used in) provided by financing activities (68) (82) (589) 351
Increase (decrease) in cash and cash equivalents 124 (790) (176) (255)
Cash and cash equivalents—beginning of period 72 1,031 372 496
Cash and cash equivalents—end of period $ 196 $ 241 $ 196 $ 241