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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUES    
Operating revenues $ 1,433 $ 1,639
Gain on derivative instruments 0 138
Total operating revenues 1,433 1,777
OPERATING EXPENSES    
Direct operations 156 134
Gathering, processing and transportation 250 236
Taxes other than income 74 86
Exploration 5 4
Depreciation, depletion and amortization 432 369
General and administrative 75 76
Total operating expenses 992 905
(Loss) gain on sale of assets (1) 5
INCOME FROM OPERATIONS 440 877
Interest expense 19 17
Interest income (16) (12)
Income before income taxes 437 872
Income tax expense 85 195
NET INCOME $ 352 $ 677
Earnings per share    
Basic (in dollars per share) $ 0.47 $ 0.88
Diluted (in dollars per share) $ 0.47 $ 0.88
Weighted-average common shares outstanding    
Basic (in shares) 750 764
Diluted (in shares) 755 768
Natural gas    
OPERATING REVENUES    
Operating revenues $ 538 $ 822
Oil    
OPERATING REVENUES    
Operating revenues 701 615
NGL    
OPERATING REVENUES    
Operating revenues 173 177
Other    
OPERATING REVENUES    
Operating revenues $ 21 $ 25