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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues:    
Total operating revenues $ 2,118 $ 2,943
Operating Costs and Expenses:    
Operating expenses 418 381
General and administrative expenses 46 44
Merger-related expenses 0 25
Depreciation, depletion and amortization 313 275
Taxes, other than income taxes 68 57
Total operating costs and expense 1,512 1,644
Operating Income 606 1,299
Interest Expense:    
Interest on debt 63 68
Other interest charges 3 3
Interest capitalized (30) (30)
Total interest expense 36 41
Gain (Loss) on Derivatives 1,401 (3,927)
Loss on Early Extinguishment of Debt (19) (2)
Other Loss, Net (1) 0
Income (Loss) Before Income Taxes 1,951 (2,671)
Provision for Income Taxes:    
Current 0 4
Deferred 12 0
Total provision (benefit) from income taxes 12 4
Net Income (Loss) $ 1,939 $ (2,675)
Earnings (Loss) Per Common Share:    
Basic (in dollars per share) $ 1.76 $ (2.40)
Diluted (in dollars per share) $ 1.76 $ (2.40)
Weighted Average Common Shares Outstanding:    
Basic (in shares) 1,100,278,261 1,114,610,964
Diluted (in shares) 1,102,396,636 1,114,610,964
Gas sales    
Operating Revenues:    
Total operating revenues $ 1,145 $ 1,692
Oil sales    
Operating Revenues:    
Total operating revenues 95 111
NGL sales    
Operating Revenues:    
Total operating revenues 201 272
Marketing    
Operating Revenues:    
Total operating revenues 679 866
Other    
Operating Revenues:    
Total operating revenues (2) 2
Marketing purchases    
Operating Costs and Expenses:    
Marketing purchases $ 667 $ 862