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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenues:    
Total operating revenues $ 2,943 $ 1,072
Operating Costs and Expenses:    
Operating expenses 381 250
General and administrative expenses 44 38
Merger-related expenses 25 1
Restructuring charges 0 6
Depreciation, depletion and amortization 275 96
Taxes, other than income taxes 57 24
Total operating costs and expense 1,644 771
Operating Income 1,299 301
Interest Expense:    
Interest on debt 68 50
Other interest charges 3 3
Interest capitalized (30) (22)
Total interest expense 41 31
Loss on Derivatives (3,927) (191)
Loss on Early Extinguishment of Debt (2) 0
Other Income, Net 0 1
Income (Loss) Before Income Taxes (2,671) 80
Provision (Benefit) for Income Taxes:    
Current 4 0
Deferred 0 0
Total provision (benefit) from income taxes 4 0
Net Income (Loss) $ (2,675) $ 80
Earnings (Loss) Per Common Share:    
Basic (in dollars per share) $ (2.40) $ 0.12
Diluted (in dollars per share) $ (2.40) $ 0.12
Weighted Average Common Shares Outstanding:    
Basic (in shares) 1,114,610,964 675,385,145
Diluted (in shares) 1,114,610,964 679,867,825
Gas sales    
Operating Revenues:    
Total operating revenues $ 1,692 $ 464
Oil sales    
Operating Revenues:    
Total operating revenues 111 81
NGL sales    
Operating Revenues:    
Total operating revenues 272 173
Marketing    
Operating Revenues:    
Total operating revenues 866 352
Other    
Operating Revenues:    
Total operating revenues 2 2
Marketing purchases    
Operating Costs and Expenses:    
Marketing purchases $ 862 $ 356