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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 973 $ 673
Restricted cash 10 10
Accounts receivable, net 775 1,221
Income taxes receivable 0 89
Inventories 56 63
Derivative instruments 184 146
Other current assets 7 9
Total current assets 2,005 2,211
Properties and equipment, net (Successful efforts method) 17,682 17,479
Other assets 452 464
Total assets 20,139 20,154
Current liabilities    
Accounts payable 833 844
Accrued liabilities 280 328
Income taxes payable 81 0
Interest payable 15 21
Total current liabilities 1,209 1,193
Long-term debt, net 2,176 2,181
Deferred income taxes 3,362 3,339
Asset retirement obligations 277 271
Other liabilities 464 500
Total liabilities 7,488 7,484
Commitments and contingencies (Note 7)
Cimarex redeemable preferred stock 8 11
Stockholders' equity    
Common stock: Authorized — 1,800 shares of $0.10 par value in 2023 and 2022, respectively Issued — 757 shares and 768 shares in 2023 and 2022, respectively 76 77
Additional paid-in capital 7,679 7,933
Retained earnings 4,875 4,636
Accumulated other comprehensive income 13 13
Total stockholders' equity 12,643 12,659
Total liabilities and stockholders' equity $ 20,139 $ 20,154