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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 21 $ 50
Accounts receivable, net 680 1,401
Derivative assets 614 145
Other current assets 100 68
Total current assets 1,415 1,664
Natural gas and oil properties, using the full cost method, including $2,075 million as of December 31, 2023 and $2,217 million as of December 31, 2022 excluded from amortization 37,772 35,763
Other 566 527
Less: Accumulated depreciation, depletion and amortization (28,425) (25,387)
Total property and equipment, net 9,913 10,903
Operating lease assets 154 177
Long-term derivative assets 175 72
Deferred tax assets 238 0
Other long-term assets 96 110
Total long-term assets 663 359
TOTAL ASSETS 11,991 12,926 Close
Current liabilities:     Close
Accounts payable 1,384 1,835 Close
Taxes payable 128 136 Close
Interest payable 77 86 Close
Derivative liabilities 79 1,317 Close
Current operating lease liabilities 44 42 Close
Other current liabilities 17 65 Close
Total current liabilities 1,729 3,481
Long-term debt 3,947 4,392 Close
Long-term operating lease liabilities 107 133 Close
Long-term derivative liabilities 100 378 Close
Other long-term liabilities 220 218 Close
Total long-term liabilities 4,374 5,121
Commitments and contingencies (Note 10) Close
Equity:    
Total Liabilities 6103.0 8602.0 0 0 0 Close
Common stock, $0.01 par value; 2,500,000,000 shares authorized; issued 1,163,077,745 shares as of December 31, 2023 and 1,161,545,588 as of December 31, 2022 12 12 Close
Additional paid-in capital 7,188 7,172
Accumulated deficit (982) (2,539)
Accumulated other comprehensive income (loss) (3) 6
Common stock in treasury, 61,614,693 shares as of December 31, 2023 and as of December 31, 2022 (327) (327)
Total equity 5,888 4,324 Close
TOTAL LIABILITIES AND EQUITY $ 11,991 $ 12,926
Treasury stock, shares (in shares) 61,614,693 61,614,693