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Earnings per Common Share (Tables)
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Weighted-Average Shares Outstanding
The following is a calculation of basic and diluted net earnings per common share under the two-class method:
 Year Ended December 31,
(In millions except per share amounts)202320222021
Income (Numerator)
Net income$1,625 $4,065 $1,158 
Less: dividends attributable to participating securities(5)(7)(2)
Less: Cimarex redeemable preferred stock dividends— (1)(1)
Net income available to common stockholders$1,620 $4,057 $1,155 
Shares (Denominator)
Weighted average shares - Basic756 796503
Dilution effect of stock awards at end of period31
Weighted average shares - Diluted760 799504
Earnings per share:
Basic$2.14 $5.09 $2.30 
Diluted$2.13 $5.08 $2.29 
Calculation of Weighted-Average Shares Excluded from Diluted EPS Due to Anti-Dilutive Effect
The following is a calculation of weighted-average shares excluded from diluted EPS due to the anti-dilutive effect:
Year Ended December 31,
(In millions)202320222021
Weighted-average stock awards excluded from diluted EPS due to the anti-dilutive effect calculated using the treasury stock method