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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 192 $ 2,038
Restricted cash 24 239
Accounts receivable, net 1,051 951
Income taxes receivable 85 20
Inventories 57 46
Other current assets 113 27
Total current assets 1,522 3,321
Properties and equipment, net (Successful efforts method) 22,097 17,890
Other assets 363 414
Total assets 23,982 21,625
Current liabilities    
Accounts payable 1,081 833
Accrued liabilities 201 276
Interest payable 70 27
Total current liabilities 1,352 1,136
Long-term debt 4,175 3,535
Deferred income taxes 3,331 3,274
Asset retirement obligations 316 291
Other liabilities 244 259
Total liabilities 9,418 8,495
Commitments and Contingencies
Redeemable preferred stock 8 8
Stockholders’ equity    
Common stock: 76 74
Additional paid-in capital 7,920 7,179
Retained earnings 6,544 5,857
Accumulated other comprehensive income 16 12
Total stockholders' equity 14,556 13,122
Total liabilities and stockholders' equity $ 23,982 $ 21,625