XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING REVENUES    
Operating revenues $ 2,016 $ 1,433
Loss on derivative instruments (112) 0
Total operating revenues 1,904 1,433
OPERATING EXPENSES    
Direct operations 216 156
Gathering, processing and transportation 282 250
Taxes other than income 96 74
Exploration 10 5
Depreciation, depletion and amortization 506 432
General and administrative 92 75
Total operating expenses 1,202 992
Loss on sale of assets 0 (1)
INCOME FROM OPERATIONS 702 440
Interest expense 53 19
Interest income (8) (16)
Income before income taxes 657 437
Income tax expense 141 85
NET INCOME $ 516 $ 352
Earnings per share    
Basic (in dollars per share) $ 0.68 $ 0.47
Diluted (in dollars per share) $ 0.68 $ 0.47
Weighted-average common shares outstanding    
Basic (in shares) 756 750
Diluted (in shares) 761 755
Oil    
OPERATING REVENUES    
Operating revenues $ 886 $ 701
Natural gas    
OPERATING REVENUES    
Operating revenues 898 538
NGL    
OPERATING REVENUES    
Operating revenues 206 173
Other    
OPERATING REVENUES    
Operating revenues $ 26 $ 21