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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING REVENUES      
Operating revenues $ 5,684 $ 9,514 $ 3,670
Gain (loss) on derivative instruments 230 (463) (221)
Total operating revenues 5,914 9,051 3,449
OPERATING EXPENSES      
Direct operations 562 460 156
Gathering, processing and transportation 975 955 663
Taxes other than income 283 366 83
Exploration 20 29 18
Depreciation, depletion and amortization 1,641 1,635 693
General and administrative 291 396 270
Total operating expenses 3,772 3,841 1,883
Gain (loss) on sale of assets 12 (1) (2)
INCOME FROM OPERATIONS 2,154 5,209 1,564
Interest expense 73 80 62
Interest income (47) (10) 0
Gain on debt extinguishment 0 (28) 0
Other income 0 (2) 0
Income before income taxes 2,128 5,169 1,502
Income tax expense 503 1,104 344
NET INCOME $ 1,625 $ 4,065 $ 1,158
Earnings per share      
Basic (in dollars per share) $ 2.14 $ 5.09 $ 2.30
Diluted (in dollars per share) $ 2.13 $ 5.08 $ 2.29
Weighted-average common shares outstanding      
Basic (in shares) 756 796 503
Diluted (in shares) 760 799 504
Natural gas      
OPERATING REVENUES      
Operating revenues $ 2,292 $ 5,469 $ 2,798
Oil      
OPERATING REVENUES      
Operating revenues 2,667 3,016 616
NGL      
OPERATING REVENUES      
Operating revenues 644 964 243
Other      
OPERATING REVENUES      
Operating revenues $ 81 $ 65 $ 13