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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenues:      
Total operating revenues $ 6,667 $ 2,308 $ 3,038
Operating Costs and Expenses:      
Operating expenses 1,170 813 720
General and administrative expenses 138 121 166
Merger-related expenses 76 41 0
Restructuring charges 7 16 11
Loss on sale of operating assets 0 0 2
Depreciation, depletion and amortization 546 357 471
Impairments 6 2,830 16
Taxes, other than income taxes 132 55 62
Total Operating Costs and Expenses 4,032 5,179 2,768
Operating Income (Loss) 2,635 (2,871) 270
Interest Expense:      
Interest on debt 220 171 166
Other interest charges 13 11 8
Interest capitalized (97) (88) (109)
Total Interest Expense 136 94 65
Gain (Loss) on Derivatives (2,436) 224 274
Gain (Loss) on Early Extinguishment of Debt (93) 35 8
Other Income (Loss), Net 5 1 (7)
Income (Loss) Before Income Taxes (25) (2,705) 480
Provision (Benefit) for Income Taxes:      
Current 0 (2) (2)
Deferred 0 409 (409)
Provision (Benefit) for Income Taxes 0 407 (411)
Net Income (Loss) $ (25) $ (3,112) $ 891
Earnings (Loss) Per Common Share      
Basic (in dollars per share) $ (0.03) $ (5.42) $ 1.65
Diluted (in dollars per share) $ (0.03) $ (5.42) $ 1.65
Weighted Average Common Shares Outstanding:      
Basic (in shares) 789,657,776 573,889,502 539,345,343
Diluted (in shares) 789,657,776 573,889,502 540,382,914
Gas sales      
Operating Revenues:      
Total operating revenues $ 3,412 $ 967 $ 1,241
Oil sales      
Operating Revenues:      
Total operating revenues 394 154 223
NGL sales      
Operating Revenues:      
Total operating revenues 890 265 274
Marketing      
Operating Revenues:      
Total operating revenues 1,963 917 1,297
Operating Costs and Expenses:      
Marketing purchases 1,957 946 1,320
Other      
Operating Revenues:      
Total operating revenues $ 8 $ 5 $ 3