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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues:    
Total operating revenues $ 1,417 $ 2,118
Operating Costs and Expenses:    
Marketing purchases 588 667
Operating expenses 417 418
General and administrative expenses 56 46
Merger-related expenses 9 0
Depreciation, depletion and amortization 262 313
Impairments 2,093 0
Taxes, other than income taxes 49 68
Total operating costs and expense 3,474 1,512
Operating Income (Loss) (2,057) 606
Interest Expense:    
Interest on debt 59 63
Other interest charges 3 3
Interest capitalized (27) (30)
Total interest expense 35 36
Gain on Derivatives 126 1,401
Loss on Early Extinguishment of Debt 0 (19)
Other Income (Loss), Net 1 (1)
Income (Loss) Before Income Taxes (1,965) 1,951
Provision (Benefit) for Income Taxes:    
Current 0 0
Deferred (430) 12
Total provision (benefit) from income taxes (430) 12
Net Income (Loss) $ (1,535) $ 1,939
Earnings (Loss) Per Common Share:    
Basic (in dollars per share) $ (1.39) $ 1.76
Diluted (in dollars per share) $ (1.39) $ 1.76
Weighted Average Common Shares Outstanding:    
Basic (in shares) 1,101,824,856 1,100,278,261
Diluted (in shares) 1,101,824,856 1,102,396,636
Gas sales    
Operating Revenues:    
Total operating revenues $ 584 $ 1,145
Oil sales    
Operating Revenues:    
Total operating revenues 82 95
NGL sales    
Operating Revenues:    
Total operating revenues 174 201
Marketing    
Operating Revenues:    
Total operating revenues 579 679
Other    
Operating Revenues:    
Total operating revenues $ (2) $ (2)