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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues:        
Total operating revenues $ 1,598 $ 527 $ 3,720 $ 1,529
Operating Costs and Expenses:        
Operating expenses 296 202 805 577
General and administrative expenses 32 31 104 89
Merger-related expenses 35 3 39 3
Restructuring charges 0 0 7 12
Depreciation, depletion and amortization 138 70 334 267
Impairments 6 361 6 2,495
Taxes, other than income taxes 35 15 86 38
Total operating costs and expense 962 908 2,490 4,156
Operating Income (Loss) 636 (381) 1,230 (2,627)
Interest Expense:        
Interest on debt 56 43 154 123
Other interest charges 3 2 9 7
Interest capitalized (25) (23) (68) (67)
Total interest expense 34 22 95 63
Gain (Loss) on Derivatives (2,399) (192) (3,461) 38
Gain (Loss) on Early Extinguishment of Debt (59) 0 (59) 35
Other Income (Loss), Net (1) 2 (1) 3
Loss Before Income Taxes (1,857) (593) (2,386) (2,614)
Provision (Benefit) for Income Taxes:        
Current 0 0 0 (2)
Deferred 0 0 0 408
Total provision (benefit) from income taxes 0 0 0 406
Net Loss $ (1,857) $ (593) $ (2,386) $ (3,020)
Loss Per Common Share:        
Basic (in dollars per share) $ (2.36) $ (1.04) $ (3.34) $ (5.48)
Diluted (in dollars per share) $ (2.36) $ (1.04) $ (3.34) $ (5.48)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 787,032,414 571,872,413 713,455,662 551,162,559
Diluted (in shares) 787,032,414 571,872,413 713,455,662 551,162,559
Gas sales        
Operating Revenues:        
Total operating revenues $ 811 $ 199 $ 1,708 $ 611
Oil sales        
Operating Revenues:        
Total operating revenues 110 40 297 111
NGL sales        
Operating Revenues:        
Total operating revenues 255 68 607 158
Marketing        
Operating Revenues:        
Total operating revenues 418 219 1,102 645
Other        
Operating Revenues:        
Total operating revenues 4 1 6 4
Marketing purchases        
Operating Costs and Expenses:        
Marketing purchases $ 420 $ 226 $ 1,109 $ 675