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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Treasury Shares
Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2021   893,000        
Beginning balance (in shares) at Dec. 31, 2021     79,000      
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   8,000      
Common stock repurchases $ (192)   $ (192)      
Common stock cash dividends (455)         (455)
Preferred stock cash dividends (1)         (1)
Other comprehensive loss 4       4  
Ending balance (in shares) at Mar. 31, 2022   893,000        
Ending balance (in shares) at Mar. 31, 2022     87,000      
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, 2022   768,000        
Beginning balance (in shares) at Dec. 31, 2022     0      
Balance at beginning of period at Dec. 31, 2022 12,659 $ 77 $ 0 7,933 13 4,636
Increase (Decrease) in Stockholders' Equity            
Net income 677         677
Stock amortization and vesting 13     13    
Conversion of Cimarex redeemable preferred stock $ 3     3    
Treasury stock repurchases (in shares) 11,000          
Common stock repurchases $ (271)   (271)      
Common stock retirements (in shares) (11,000) (11,000)        
Common stock retirements $ 0 $ (1) $ 271 (270)    
Common stock cash dividends (438)         (438)
Ending balance (in shares) at Mar. 31, 2023   757,000        
Ending balance (in shares) at Mar. 31, 2023     0      
Balance at end of period at Mar. 31, 2023 $ 12,643 $ 76 $ 0 $ 7,679 $ 13 $ 4,875