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Properties and Equipment, Net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Properties and Equipment, Net Properties and Equipment, Net
Properties and equipment, net are comprised of the following:
(In millions)March 31,
2025
December 31,
2024
Proved oil and gas properties$24,931 $21,765 
Unproved oil and gas properties 5,255 4,105 
Gathering and pipeline systems981 620 
Land, buildings and other equipment 230 213 
Finance lease right-of-use asset29 26 
31,426 26,729 
Accumulated DD&A(9,345)(8,839)
 $22,081 $17,890 
Capitalized Exploratory Well Costs
As of and for the three months ended March 31, 2025, the Company did not have any projects with exploratory well costs capitalized for a period of greater than one year after drilling.