XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING REVENUES        
Operating revenues $ 1,353 $ 2,676 $ 4,189 $ 7,384
Gain (loss) on derivative instruments 3 (156) 129 (613)
Total operating revenues 1,356 2,520 4,318 6,771
OPERATING EXPENSES        
Direct operations 137 118 401 334
Transportation, processing and gathering 235 255 729 726
Taxes other than income 62 102 211 276
Exploration 5 10 14 23
Depreciation, depletion and amortization 421 422 1,185 1,196
General and administrative 79 107 213 301
Total operating expenses 939 1,014 2,753 2,856
Gain (loss) on sale of assets 7 0 12 (1)
INCOME FROM OPERATIONS 424 1,506 1,577 3,914
Gain on debt extinguishment 0 26 0 26
Interest expense 17 20 50 63
Interest income (10) (3) (32) (4)
Income before income taxes 417 1,515 1,559 3,881
Income tax expense 94 319 350 848
NET INCOME $ 323 $ 1,196 $ 1,209 $ 3,033
Earnings per share        
Basic (in dollars per share) $ 0.43 $ 1.51 $ 1.59 $ 3.78
Diluted (in dollars per share) $ 0.42 $ 1.50 $ 1.58 $ 3.77
Weighted-average common shares outstanding        
Basic (in shares) 753 792 757 801
Diluted (in shares) 758 797 762 805
Natural gas        
OPERATING REVENUES        
Operating revenues $ 481 $ 1,644 $ 1,739 $ 4,223
Oil        
OPERATING REVENUES        
Operating revenues 684 755 1,925 2,330
NGL        
OPERATING REVENUES        
Operating revenues 170 259 476 784
Other        
OPERATING REVENUES        
Operating revenues $ 18 $ 18 $ 49 $ 47