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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues:      
Total operating revenues $ 6,522 $ 15,002 $ 6,667 Close
Operating Costs and Expenses:      
Marketing purchases 2,331 4,392 1,957
Operating expenses 1,717 1,616 1,170
General and administrative expenses 187 170 138
Merger-related expenses 0 27 76
Restructuring charges 0 0 7
Depreciation, depletion and amortization 1,307 1,174 546
Impairments 1,710 0 6
Taxes, other than income taxes 244 269 132
Total Operating Costs and Expenses 7,496 7,648 4,032 Close
Operating Income (Loss) (974) 7,354 2,635 Close
Interest Expense:       Close
Interest on debt 246 292 220 Close
Other interest charges 11 13 13 Close
Interest capitalized (115) (121) (97) Close
Total Interest Expense 142 184 136 Close
Gain (Loss) on Derivatives 2,433 (5,259) (2,436) Close
Loss on Early Extinguishment of Debt (19) (14) (93) Close
Other Income, Net 2 3 5 CloseClose
Total Other Income Expenses 2700.0 -4902.0 -2252.0 0.0 0 Close
Income (Loss) Before Income Taxes 1,300 1,900 (25) CloseClose
Provision (Benefit) for Income Taxes:      
Current (5) 51 0
Deferred (252) 0 0
Provision (Benefit) for Income Taxes (257) 51 0 Close
Net Income (Loss) $ 1,557 $ 1,849 $ (25) Close
Earnings (Loss) Per Common Share      
Basic (in dollars per share) $ 1.41 $ 1.67 $ (0.03)
Diluted (in dollars per share) $ 1.41 $ 1.66 $ (0.03)
Weighted Average Common Shares Outstanding:      
Basic (in shares) 1,100,980,199 1,110,564,839 789,657,776
Diluted (in shares) 1,103,406,255 1,113,184,254 789,657,776
Gas sales      
Operating Revenues:      
Total operating revenues $ 3,089 $ 9,101 $ 3,412
Oil sales      
Operating Revenues:      
Total operating revenues 379 439 394
NGL sales      
Operating Revenues:      
Total operating revenues 702 1,046 890
Marketing      
Operating Revenues:      
Total operating revenues 2,355 4,419 1,963
Other      
Operating Revenues:      
Total operating revenues $ (3) $ (3) $ 8