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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 39,064 $ 26,397
Receivables:    
Crude oil, natural gas, and natural gas liquids sales 1,176,280 1,196,262
Joint interest and other 381,760 350,907
Allowance for credit losses (4,121) (3,172)
Receivables, net 1,553,919 1,543,997
Derivative assets 95,227 353,261
Inventories 184,251 190,762
Prepaid expenses and other 32,648 33,450
Total current assets 1,905,109 2,147,867
Net property and equipment, based on successful efforts method of accounting 20,037,922 19,786,889
Investment in unconsolidated affiliates 258,359 240,484
Operating lease right-of-use assets 20,933 38,656
Derivative assets, noncurrent 62,426 155,252
Other noncurrent assets 20,832 18,293
Total assets 22,305,581 22,387,441
Current liabilities:    
Accounts payable trade 845,160 835,012
Revenues and royalties payable 682,461 768,381
Accrued liabilities and other 413,036 354,537
Current portion of incentive compensation liability 74,494 130,583
Current portion of income tax liabilities 21,659 84,556
Current portion of operating lease liabilities 4,046 18,112
Current portion of long-term debt 2,587 895,105
Total current liabilities 2,043,443 3,086,286
Long-term debt, net of current portion 4,798,860 5,734,007
Other noncurrent liabilities:    
Deferred income tax liabilities, net 2,704,069 2,867,283
Incentive compensation liability, noncurrent 36,468 41,707
Asset retirement obligations, noncurrent 432,495 391,957
Derivative liabilities, noncurrent 143 586
Operating lease liabilities, noncurrent 15,823 19,482
Other noncurrent liabilities 48,783 36,346
Total other noncurrent liabilities 3,237,781 3,357,361
Commitments and contingencies (Note 13)
Equity:    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock (Note 16) 2,996 2,996
Retained earnings 11,862,515 9,850,687
Total shareholders’ equity attributable to Continental Resources 11,865,511 9,853,683
Noncontrolling interests 359,986 356,104
Total equity 12,225,497 10,209,787
Total liabilities and equity $ 22,305,581 $ 22,387,441