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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 50 $ 28
Accounts receivable, net 1,781 1,160
Derivative assets 122 183
Other current assets 51 42
Total current assets 2,004 1,413
Natural gas and oil properties, using the full cost method, including $2,256 million as of June 30, 2022 and $2,231 million as of December 31, 2021 excluded from amortization 34,772 33,631
Other 512 509
Less: Accumulated depreciation, depletion and amortization (24,770) (24,202)
Total property and equipment, net 10,514 9,938
Operating lease assets 190 187
Long-term derivative assets 129 226
Deferred tax assets 0 0
Other long-term assets 95 84
Total long-term assets 414 497
TOTAL ASSETS 12,932 11,848
Current liabilities:    
Current portion of long-term debt 5 206
Accounts payable 1,801 1,282
Taxes payable 97 93
Interest payable 91 75
Derivative liabilities 3,124 1,279
Current operating lease liabilities 45 42
Other current liabilities 131 75
Total current liabilities 5,294 3,052
Long-term debt 5,081 5,201
Long-term operating lease liabilities 143 142
Long-term derivative liabilities 1,139 632
Pension and other postretirement liabilities 26 23
Other long-term liabilities 206 251
Total long-term liabilities 6,595 6,249
Commitments and contingencies (Note 12)
Equity:    
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,161,475,422 shares as of June 30, 2022 and 1,158,672,666 shares as of December 31, 2021 12 12
Additional paid-in capital 7,168 7,150
Accumulated deficit (5,890) (4,388)
Accumulated other comprehensive loss (25) (25)
Common stock in treasury, 47,168,765 shares as of June 30, 2022 and 44,353,224 December 31, 2021 (222) (202)
Total equity 1,043 2,547
TOTAL LIABILITIES AND EQUITY $ 12,932 $ 11,848
Treasury stock, shares (in shares) 47,168,765 44,353,224