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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES    
Operating revenues $ 1,639 $ 2,070
Gain (loss) on derivative instruments 138 (391)
Total operating revenues 1,777 1,679
OPERATING EXPENSES    
Direct operations 134 100
Transportation, processing and gathering 236 233
Taxes other than income 86 76
Exploration 4 6
Depreciation, depletion and amortization 369 360
General and administrative 76 107
Total operating expenses 905 882
Gain on sale of assets 5 2
INCOME FROM OPERATIONS 877 799
Interest expense 17 21
Interest income (12) 0
Income before income taxes 872 778
Income tax expense 195 170
NET INCOME $ 677 $ 608
Earnings per share    
Basic (in dollars per share) $ 0.88 $ 0.75
Diluted (in dollars per share) $ 0.88 $ 0.74
Weighted-average common shares outstanding    
Basic (in shares) 764 810
Diluted (in shares) 768 814
Natural gas    
OPERATING REVENUES    
Operating revenues $ 822 $ 1,111
Oil    
OPERATING REVENUES    
Operating revenues 615 699
NGL    
OPERATING REVENUES    
Operating revenues 177 245
Other    
OPERATING REVENUES    
Operating revenues $ 25 $ 15