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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 28 $ 13
Accounts receivable, net 1,160 368
Derivative assets 183 241
Other current assets 42 49
Total current assets 1,413 671
Oil and Gas Property, Full Cost Method, Gross 33,631 27,261
Other 509 523
Less: Accumulated depreciation, depletion and amortization (24,202) (23,673)
Total property and equipment, net 9,938 4,111
Operating lease assets 187 163
Long-term derivative assets 226 146
Deferred tax assets 0 0
Other long-term assets 84 69
Total long-term assets 497 378
TOTAL ASSETS 11,848 5,160
Current liabilities:    
Current portion of long-term debt 206 0
Accounts payable 1,282 573
Taxes payable 93 74
Interest payable 75 58
Derivative liabilities 1,279 245
Current operating lease liabilities 42 42
Other current liabilities 75 20
Total current liabilities 3,052 1,012
Long-term debt 5,201 3,150
Long-term operating lease liabilities 142 117
Long-term derivative liabilities 632 183
Pension and other postretirement liabilities 23 45
Other long-term liabilities 251 156
Total long-term liabilities 6,249 3,651
Commitments and contingencies (Note 10)
Equity:    
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,158,672,666 shares as of December 31, 2021 and 718,795,700 as of December 31, 2020 12 7
Additional paid-in capital 7,150 5,093
Accumulated deficit (4,388) (4,363)
Accumulated other comprehensive loss (25) (38)
Common stock in treasury, 44,353,224 shares as of December 31, 2021 and 2020 (202) (202)
Total equity 2,547 497
TOTAL LIABILITIES AND EQUITY $ 11,848 $ 5,160