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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Total operating revenues $ 6,522 $ 15,002 $ 6,667
Operating Costs and Expenses:      
Marketing purchases 2,331 4,392 1,957
Operating expenses 1,717 1,616 1,170
General and administrative expenses 187 170 138
Merger-related expenses 0 27 76
Restructuring charges 0 0 7
Depreciation, depletion and amortization 1,307 1,174 546
Impairments 1,710 0 6
Taxes, other than income taxes 244 269 132
Total Operating Costs and Expenses 7,496 7,648 4,032
Operating Income (Loss) (974) 7,354 2,635
Interest Expense:      
Interest on debt 246 292 220
Other interest charges 11 13 13
Interest capitalized (115) (121) (97)
Total Interest Expense 142 184 136
Gain (Loss) on Derivatives 2,433 (5,259) (2,436)
Loss on Early Extinguishment of Debt (19) (14) (93)
Other Income, Net 2 3 5
Income (Loss) Before Income Taxes 1,300 1,900 (25)
Provision (Benefit) for Income Taxes:      
Current (5) 51 0
Deferred (252) 0 0
Provision (Benefit) for Income Taxes (257) 51 0
Net Income (Loss) $ 1,557 $ 1,849 $ (25)
Earnings (Loss) Per Common Share      
Basic (in dollars per share) $ 1.41 $ 1.67 $ (0.03)
Diluted (in dollars per share) $ 1.41 $ 1.66 $ (0.03)
Weighted Average Common Shares Outstanding:      
Basic (in shares) 1,100,980,199 1,110,564,839 789,657,776
Diluted (in shares) 1,103,406,255 1,113,184,254 789,657,776
Gas sales      
Operating Revenues:      
Total operating revenues $ 3,089 $ 9,101 $ 3,412
Oil sales      
Operating Revenues:      
Total operating revenues 379 439 394
NGL sales      
Operating Revenues:      
Total operating revenues 702 1,046 890
Marketing      
Operating Revenues:      
Total operating revenues 2,355 4,419 1,963
Other      
Operating Revenues:      
Total operating revenues $ (3) $ (3) $ 8