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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING REVENUES    
Operating revenues $ 2,070 $ 473
Loss on derivative instruments (391) (13)
Total operating revenues 1,679 460
OPERATING EXPENSES    
Direct operations 100 17
Transportation, processing and gathering 233 137
Taxes other than income 76 5
Exploration 6 3
Depreciation, depletion and amortization 360 94
General and administrative 107 29
Total operating expenses 882 285
Gain on sale of assets 2 0
INCOME FROM OPERATIONS 799 175
Interest expense, net 21 12
Income before income taxes 778 163
Income tax expense 170 37
NET INCOME $ 608 $ 126
Earnings per share    
Basic (in dollars per share) $ 0.75 $ 0.32
Diluted (in dollars per share) $ 0.74 $ 0.31
Weighted-average common shares outstanding    
Basic (in shares) 810 399
Weighted-average shares - diluted (in shares) 814 402
Natural gas    
OPERATING REVENUES    
Operating revenues $ 1,111 $ 473
Oil    
OPERATING REVENUES    
Operating revenues 699 0
NGL    
OPERATING REVENUES    
Operating revenues 245 0
Other    
OPERATING REVENUES    
Operating revenues $ 15 $ 0