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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues:        
Total operating revenues $ 4,138 $ 1,050 $ 7,081 $ 2,122
Operating Costs and Expenses:        
Operating expenses 402 259 783 509
General and administrative expenses 35 34 79 72
Merger-related expenses 2 3 27 4
Restructuring charges 0 1 0 7
Depreciation, depletion and amortization 288 100 563 196
Taxes, other than income taxes 65 27 122 51
Total operating costs and expense 2,007 757 3,651 1,528
Operating Income 2,131 293 3,430 594
Interest Expense:        
Interest on debt 73 48 141 98
Other interest charges 4 3 7 6
Interest capitalized (29) (21) (59) (43)
Total interest expense 48 30 89 61
Loss on Derivatives (879) (871) (4,806) (1,062)
Loss on Early Extinguishment of Debt (4) 0 (6) 0
Other Loss, Net (1) (1) (1) 0
Income (Loss) Before Income Taxes 1,199 (609) (1,472) (529)
Provision for Income Taxes:        
Current 26 0 30 0
Deferred 0 0 0 0
Total provision (benefit) from income taxes 26 0 30 0
Net Income (Loss) $ 1,173 $ (609) $ (1,502) $ (529)
Earnings (Loss) Per Common Share:        
Basic (in dollars per share) $ 1.05 $ (0.90) $ (1.35) $ (0.78)
Diluted (in dollars per share) $ 1.05 $ (0.90) $ (1.35) $ (0.78)
Weighted Average Common Shares Outstanding:        
Basic (in shares) 1,116,175,758 676,722,999 1,115,456,855 676,057,534
Diluted (in shares) 1,118,244,778 676,722,999 1,115,456,855 676,057,534
Gas sales        
Operating Revenues:        
Total operating revenues $ 2,485 $ 433 $ 4,177 $ 897
Oil sales        
Operating Revenues:        
Total operating revenues 138 106 249 187
NGL sales        
Operating Revenues:        
Total operating revenues 310 179 582 352
Marketing        
Operating Revenues:        
Total operating revenues 1,207 332 2,073 684
Other        
Operating Revenues:        
Total operating revenues (2) 0 0 2
Marketing purchases        
Operating Costs and Expenses:        
Marketing purchases $ 1,215 $ 333 $ 2,077 $ 689