XML 40 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues and other:      
Natural gas, oil and NGL derivatives $ (38) $ 1,728 $ (2,680)
Gains on sales of assets 14 946 300
Total revenues and other 4,235 8,721 11,743
Operating expenses:      
Production 316 356 475
Gathering, processing and transportation 1,035 853 1,059
Severance and ad valorem taxes 97 167 242
Exploration 10 27 23
General and administrative 186 127 142
Separation and other termination costs 23 5 5
Depreciation, depletion and amortization 1,729 1,527 1,753
Other operating expense, net 332 18 49
Total operating expenses 5,038 5,579 7,963
Income (loss) from operations (803) 3,142 3,780
Other income (expense):      
Interest expense (123) (104) (160)
Losses on purchases, exchanges or extinguishments of debt (1) 0 (5)
Other income, net 86 79 36
Total other income (expense) (38) (25) (129)
Income (loss) before income taxes (841) 3,117 3,651
Income tax expense (benefit) (127) 698 (1,285)
Net income (loss) (714) 2,419 4,936
Deemed dividend on warrants 0 0 (67)
Net income (loss) available to common stockholders (714) 2,419 4,869
Net income (loss) available to common stockholders $ (714) $ 2,419 $ 4,869
Earnings (loss) per common share:      
Basic (in dollars per share) $ (4.55) $ 18.21 $ 38.71
Diluted (in dollars per share) $ (4.55) $ 16.92 $ 33.36
Weighted average common shares outstanding (in thousands):      
Basic (in shares) 156,989 132,840 125,785
Diluted (in shares) 156,989 142,976 145,961
Natural gas, oil and NGL      
Revenues and other:      
Revenues $ 2,969 $ 3,547 $ 9,892
Marketing      
Revenues and other:      
Revenues 1,290 2,500 4,231
Operating expenses:      
Marketing $ 1,310 $ 2,499 $ 4,215