CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 2,038	$ 956
Restricted cash	239	9
Accounts receivable, net	951	843
Income taxes receivable	20	51
Inventories	46	59
Other current assets	27	97
Total current assets	3,321	2,015
Properties and equipment, net (Successful efforts method)	17,890	17,933
Other assets	414	467
Total assets	21,625	20,415
Current liabilities
Accounts payable	833	803
Current portion of long-term debt	0	575
Accrued liabilities	276	261
Interest payable	27	21
Total current liabilities	1,136	1,660
Long-term debt	3,535	1,586
Deferred income taxes	3,274	3,413
Asset retirement obligations	291	280
Other liabilities	259	429
Total liabilities	8,495	7,368
Commitments and contingencies (Note 8)
Redeemable preferred stock	8	8
Stockholders' equity
Common stock: Authorized — 1,800 shares of $0.10 par value in 2023 and 2022 Issued — 751 shares and 768 shares in 2023 and 2022, respectively	74	75
Additional paid-in capital	7,179	7,587
Retained earnings	5,857	5,366
Accumulated other comprehensive income	12	11
Total stockholders' equity	13,122	13,039
Total liabilities and stockholders' equity	$ 21,625	$ 20,415