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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues:      
Total operating revenues $ 15,002 $ 6,667 $ 2,308
Operating Costs and Expenses:      
Operating expenses 1,616 1,170 813
General and administrative expenses 170 138 121
Merger-related expenses 27 76 41
Restructuring charges 0 7 16
Depreciation, depletion and amortization 1,174 546 357
Impairments 0 6 2,830
Taxes, other than income taxes 269 132 55
Total Operating Costs and Expenses 7,648 4,032 5,179
Operating Income (Loss) 7,354 2,635 (2,871)
Interest Expense:      
Interest on debt 292 220 171
Other interest charges 13 13 11
Interest capitalized (121) (97) (88)
Total Interest Expense 184 136 94
Gain (Loss) on Derivatives (5,259) (2,436) 224
Gain (Loss) on Early Extinguishment of Debt (14) (93) 35
Other Income, Net 3 5 1
Income (Loss) Before Income Taxes 1,900 (25) (2,705)
Provision (Benefit) for Income Taxes:      
Current 51 0 (2)
Deferred 0 0 409
Provision for Income Taxes 51 0 407
Net Income (Loss) $ 1,849 $ (25) $ (3,112)
Earnings (Loss) Per Common Share      
Basic (in dollars per share) $ 1.67 $ (0.03) $ (5.42)
Diluted (in dollars per share) $ 1.66 $ (0.03) $ (5.42)
Weighted Average Common Shares Outstanding:      
Basic (in shares) 1,110,564,839 789,657,776 573,889,502
Diluted (in shares) 1,113,184,254 789,657,776 573,889,502
Gas sales      
Operating Revenues:      
Total operating revenues $ 9,101 $ 3,412 $ 967
Oil sales      
Operating Revenues:      
Total operating revenues 439 394 154
NGL sales      
Operating Revenues:      
Total operating revenues 1,046 890 265
Marketing      
Operating Revenues:      
Total operating revenues 4,419 1,963 917
Operating Costs and Expenses:      
Marketing purchases 4,392 1,957 946
Other      
Operating Revenues:      
Total operating revenues $ (3) $ 8 $ 5