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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Treasury Shares
Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2020   478,000,000        
Beginning balance (in shares) at Dec. 31, 2020     79,000,000      
Balance at beginning of period at Dec. 31, 2020 $ 2,216 $ 48 $ (1,823) $ 1,804 $ 2 $ 2,185
Increase (Decrease) in Stockholders' Equity            
Net income 126         126
Stock amortization and vesting 4     4    
Common stock cash dividends (40)         (40)
Ending balance (in shares) at Mar. 31, 2021   478,000,000        
Ending balance (in shares) at Mar. 31, 2021     79,000,000      
Balance at end of period at Mar. 31, 2021 2,306 $ 48 $ (1,823) 1,808 2 2,271
Beginning balance (in shares) at Dec. 31, 2020   478,000,000        
Beginning balance (in shares) at Dec. 31, 2020     79,000,000      
Balance at beginning of period at Dec. 31, 2020 2,216 $ 48 $ (1,823) 1,804 2 2,185
Increase (Decrease) in Stockholders' Equity            
Net income 220          
Ending balance (in shares) at Sep. 30, 2021   478,000,000        
Ending balance (in shares) at Sep. 30, 2021     79,000,000      
Balance at end of period at Sep. 30, 2021 2,327 $ 48 $ (1,823) 1,823 2 2,277
Beginning balance (in shares) at Mar. 31, 2021   478,000,000        
Beginning balance (in shares) at Mar. 31, 2021     79,000,000      
Balance at beginning of period at Mar. 31, 2021 2,306 $ 48 $ (1,823) 1,808 2 2,271
Increase (Decrease) in Stockholders' Equity            
Net income 30         30
Stock amortization and vesting 8     8    
Common stock cash dividends (44)         (44)
Ending balance (in shares) at Jun. 30, 2021   478,000,000        
Ending balance (in shares) at Jun. 30, 2021     79,000,000      
Balance at end of period at Jun. 30, 2021 2,300 $ 48 $ (1,823) 1,816 2 2,257
Increase (Decrease) in Stockholders' Equity            
Net income 64         64
Stock amortization and vesting 7     7    
Common stock cash dividends (44)         (44)
Ending balance (in shares) at Sep. 30, 2021   478,000,000        
Ending balance (in shares) at Sep. 30, 2021     79,000,000      
Balance at end of period at Sep. 30, 2021 $ 2,327 $ 48 $ (1,823) 1,823 2 2,277
Beginning balance (in shares) at Dec. 31, 2021   893,000,000        
Beginning balance (in shares) at Dec. 31, 2021 79,082,385   79,000,000      
Balance at beginning of period at Dec. 31, 2021 $ 11,738 $ 89 $ (1,826) 10,911 1 2,563
Increase (Decrease) in Stockholders' Equity            
Net income 608         608
Exercise of stock options 6     6    
Stock amortization and vesting $ 10     10    
Treasury stock repurchases (in shares) 8,000,000          
Treasury stock repurchases $ (192)          
Common stock cash dividends (455)         (455)
Preferred stock cash dividends (1)         (1)
Other comprehensive income 4       4  
Ending balance (in shares) at Mar. 31, 2022   893,000,000        
Ending balance (in shares) at Mar. 31, 2022     87,000,000      
Balance at end of period at Mar. 31, 2022 $ 11,718 $ 89 $ (2,018) 10,927 5 2,715
Beginning balance (in shares) at Dec. 31, 2021   893,000,000        
Beginning balance (in shares) at Dec. 31, 2021 79,082,385   79,000,000      
Balance at beginning of period at Dec. 31, 2021 $ 11,738 $ 89 $ (1,826) 10,911 1 2,563
Increase (Decrease) in Stockholders' Equity            
Net income $ 3,033          
Treasury stock repurchases (in shares) 28,000,000          
Treasury stock repurchases $ (740)          
Ending balance (in shares) at Sep. 30, 2022   895,000,000        
Ending balance (in shares) at Sep. 30, 2022 107,074,560   107,000,000      
Balance at end of period at Sep. 30, 2022 $ 12,659 $ 90 $ (2,566) 10,992 6 4,137
Beginning balance (in shares) at Mar. 31, 2022   893,000,000        
Beginning balance (in shares) at Mar. 31, 2022     87,000,000      
Balance at beginning of period at Mar. 31, 2022 11,718 $ 89 $ (2,018) 10,927 5 2,715
Increase (Decrease) in Stockholders' Equity            
Net income 1,229         1,229
Exercise of stock options 3     3    
Stock amortization and vesting 18     18    
Conversion of Cimarex redeemable preferred stock (in shares)   1,000,000        
Conversion of Cimarex redeemable preferred stock 28     28    
Treasury stock repurchases (in shares)     12,000,000      
Treasury stock repurchases (321)   $ (321)      
Common stock cash dividends (484)         (484)
Ending balance (in shares) at Jun. 30, 2022   894,000,000        
Ending balance (in shares) at Jun. 30, 2022     99,000,000      
Balance at end of period at Jun. 30, 2022 12,191 $ 89 $ (2,339) 10,976 5 3,460
Increase (Decrease) in Stockholders' Equity            
Net income 1,196         1,196
Exercise of stock options 2     2    
Stock amortization and vesting (in shares)   1,000,000        
Stock amortization and vesting 15 $ 1   14    
Treasury stock repurchases (in shares)     8,000,000      
Treasury stock repurchases (227)   $ (227)      
Common stock cash dividends (519)         (519)
Other comprehensive income $ 1       1  
Ending balance (in shares) at Sep. 30, 2022   895,000,000        
Ending balance (in shares) at Sep. 30, 2022 107,074,560   107,000,000      
Balance at end of period at Sep. 30, 2022 $ 12,659 $ 90 $ (2,566) $ 10,992 $ 6 $ 4,137