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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 186 $ 2,038
Restricted cash 35 239
Accounts receivable, net 1,139 951
Income taxes receivable 4 20
Inventories 57 46
Other current assets 25 27
Total current assets 1,446 3,321
Properties and equipment, net (Successful efforts method) 22,081 17,890
Other assets 424 414
Total assets 23,951 21,625
Current liabilities    
Accounts payable 1,180 833
Accrued liabilities 296 276
Income taxes payable 91 0
Interest payable 41 27
Total current liabilities 1,608 1,136
Long-term debt 4,280 3,535
Deferred income taxes 3,285 3,274
Asset retirement obligations 314 291
Other liabilities 232 259
Total liabilities 9,719 8,495
Commitments and Contingencies
Redeemable preferred stock 8 8
Stockholders’ equity    
Common stock: 76 74
Additional paid-in capital 7,929 7,179
Retained earnings 6,203 5,857
Accumulated other comprehensive income 16 12
Total stockholders' equity 14,224 13,122
Total liabilities and stockholders' equity $ 23,951 $ 21,625