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Properties and Equipment, Net
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Properties and Equipment, Net Properties and Equipment, Net
Properties and equipment, net are comprised of the following:
(In millions)March 31,
2023
December 31,
2022
Proved oil and gas properties$17,744 $17,085 
Unproved oil and gas properties 5,016 5,150 
Gathering and pipeline systems483 450 
Land, buildings and other equipment 186 183 
Finance lease right-of-use asset25 24 
23,454 22,892 
Accumulated depreciation, depletion and amortization(5,772)(5,413)
 $17,682 $17,479 
Capitalized Exploratory Well Costs
As of March 31, 2023, the Company did not have any projects with exploratory well costs capitalized for a period of greater than one year after drilling.