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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Treasury Shares
Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2020   478,000,000        
Beginning balance (in shares) at Dec. 31, 2020     79,000,000      
Balance at beginning of period at Dec. 31, 2020 $ 2,216 $ 48 $ (1,823) $ 1,804 $ 2 $ 2,185
Increase (Decrease) in Stockholders' Equity            
Net income 1,158          
Issuance of common stock for merger (in shares)   408,000,000        
Issuance of common stock for merger 9,083 $ 41   9,042    
Issuance of replacement awards and options for merger consideration (in shares)   4,000,000        
Issuance of replacement awards and options for merger consideration 37     37    
Exercise of stock options 2     2    
Stock amortization and vesting (in shares)   3,000,000        
Stock amortization and vesting 23   $ (3) 26    
Common stock retirements 0          
Common stock cash dividends (779)         (779)
Preferred stock cash dividends (1)         (1)
Other comprehensive (loss) income (1)       (1)  
Ending balance (in shares) at Dec. 31, 2021   893,000,000        
Ending balance (in shares) at Dec. 31, 2021     79,000,000      
Balance at end of period at Dec. 31, 2021 11,738 $ 89 $ (1,826) 10,911 1 2,563
Increase (Decrease) in Stockholders' Equity            
Net income 4,065         4,065
Exercise of stock options (in shares)   1,000,000        
Exercise of stock options 12     12    
Stock amortization and vesting (in shares)   1,000,000 1,000,000      
Stock amortization and vesting 46 $ 1 $ (9) 54    
Common stock repurchases (in shares)     48,000,000      
Common stock repurchases (1,250)   $ (1,250)      
Common stock retirements (in shares)   (128,000,000) (128,000,000)      
Common stock retirements (3,085) $ (13) $ 3,085 (3,072)    
Conversion of Cimarex redeemable preferred stock (in shares)   1,000,000        
Conversion of Cimarex redeemable preferred stock 28     28    
Common stock cash dividends (1,991)         (1,991)
Preferred stock cash dividends (1)         (1)
Other comprehensive (loss) income $ 12       12  
Ending balance (in shares) at Dec. 31, 2022   768,000,000        
Ending balance (in shares) at Dec. 31, 2022 0   0      
Balance at end of period at Dec. 31, 2022 $ 12,659 $ 77 $ 0 7,933 13 4,636
Increase (Decrease) in Stockholders' Equity            
Net income $ 1,625         1,625
Exercise of stock options (in shares) 113,500          
Exercise of stock options $ 2     2    
Stock amortization and vesting 56   $ (9) 65    
Common stock repurchases (in shares)     17,000,000      
Common stock repurchases (409)   $ (409)      
Common stock retirements (in shares)   (17,000,000) (17,000,000)      
Common stock retirements (418) $ (2) $ 418 (416)    
Conversion of Cimarex redeemable preferred stock 3     3    
Common stock cash dividends (895)         (895)
Other comprehensive (loss) income $ (2)       (2)  
Ending balance (in shares) at Dec. 31, 2023   751,000,000        
Ending balance (in shares) at Dec. 31, 2023 0   0      
Balance at end of period at Dec. 31, 2023 $ 13,039 $ 75 $ 0 $ 7,587 $ 11 $ 5,366