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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING REVENUES      
Operating revenues $ 9,514 $ 3,670 $ 1,405
(Loss) gain on derivative instruments (463) (221) 61
Total operating revenues 9,051 3,449 1,466
OPERATING EXPENSES      
Direct operations 460 156 73
Transportation, processing and gathering 955 663 571
Taxes other than income 366 83 14
Exploration 29 18 15
Depreciation, depletion and amortization 1,635 693 391
General and administrative 396 270 106
Total operating expenses 3,841 1,883 1,170
Loss on sale of assets (1) (2) 0
INCOME FROM OPERATIONS 5,209 1,564 296
Interest expense, net 70 62 54
Gain on debt extinguishment (28) 0 0
Other (income) expense 2 0 0
Income before income taxes 5,169 1,502 242
Income tax expense 1,104 344 41
NET INCOME $ 4,065 $ 1,158 $ 201
Earnings per share      
Basic (in dollars per share) $ 5.09 $ 2.30 $ 0.50
Diluted (in dollars per share) $ 5.08 $ 2.29 $ 0.50
Weighted-average common shares outstanding      
Basic (in shares) 796 503 399
Diluted (in shares) 799 504 401
Natural gas      
OPERATING REVENUES      
Operating revenues $ 5,469 $ 2,798 $ 1,405
Oil      
OPERATING REVENUES      
Operating revenues 3,016 616 0
NGL      
OPERATING REVENUES      
Operating revenues 964 243 0
Other      
OPERATING REVENUES      
Operating revenues $ 65 $ 13 $ 0