Earnings per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Calculation of basic and diluted weighted-average shares outstanding

The following is a calculation of basic and diluted earnings per share:

	Three Months Ended  March 31,
(In millions except per share amounts)	2022		2021
Income (Numerator)
Net income	$	608	$	126
Less: dividends attributable to participating securities	(2)		—
Less: Cimarex redeemable preferred stock dividends	(1)		—
Net income available to common stockholders	$	605	$	126
Shares (Denominator)
Weighted-average shares - Basic	810		399
Dilution effect of stock awards at end of period	4		3
Weighted-average shares - Diluted	814		402
Earnings per share:
Basic	$	0.75	$	0.32
Diluted	$	0.74	$	0.31

Calculation of weighted-average shares excluded from diluted EPS due to the anti-dilutive effect

The following is a calculation of weighted-average shares excluded from diluted EPS due to anti-dilutive effect:

	Three Months Ended  March 31,
(In millions)	2022	2021
Weighted-average stock awards excluded from diluted EPS due to the anti-dilutive effect calculated using the treasury stock method	1	1