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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,070 $ 956
Restricted cash 9 9
Short-term investments 250 0
Accounts receivable, net 857 843
Income taxes receivable 69 51
Inventories 45 59
Other current assets 37 97
Total current assets 2,337 2,015
Properties and equipment, net (successful efforts method) 17,996 17,933
Other assets 431 467
Total assets 20,764 20,415
Current liabilities    
Accounts payable 775 803
Current portion of long-term debt 575 575
Accrued liabilities 285 261
Interest payable 30 21
Total current liabilities 1,665 1,660
Long-term debt 2,071 1,586
Deferred income taxes 3,390 3,413
Asset retirement obligations 286 280
Other liabilities 315 429
Total liabilities 7,727 7,368
Commitments and contingencies (Note 7)
Cimarex redeemable preferred stock 8 8
Stockholders’ equity    
Authorized — 1,800 shares of $0.10 par value in 2024 and 2023 Issued — 740 shares and 751 shares in 2024 and 2023, respectively 74 75
Additional paid-in capital 7,324 7,587
Retained earnings 5,620 5,366
Accumulated other comprehensive income 11 11
Total stockholders' equity 13,029 13,039
Total liabilities and stockholders' equity $ 20,764 $ 20,415