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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 841 $ 673
Restricted cash 9 10
Accounts receivable, net 604 1,221
Income taxes receivable 18 89
Inventories 65 63
Derivative instruments 88 146
Other current assets 15 9
Total current assets 1,640 2,211
Properties and equipment, net (Successful efforts method) 17,801 17,479
Other assets 438 464
Total assets 19,879 20,154
Current liabilities    
Accounts payable 626 844
Accrued liabilities 294 328
Interest payable 21 21
Total current liabilities 941 1,193
Long-term debt, net 2,171 2,181
Deferred income taxes 3,367 3,339
Asset retirement obligations 277 271
Other liabilities 456 500
Total liabilities 7,212 7,484
Commitments and contingencies
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 7,639 7,933
Retained earnings 4,931 4,636
Accumulated other comprehensive income 13 13
Total stockholders' equity 12,659 12,659
Total liabilities and stockholders' equity $ 19,879 $ 20,154